Posted this earlier today. Nobody gave a fuck. Is this not politics...

You win in the long run
If we made decisions based solely on short term gains we’d be fucked
Well, more fucked anyway

Part of the wisdom of it was in realizing we were already in a "trade war" and getting reamed. Expect some short term pain in order to rectify the situation.

>You win in the long run
Prove it.

>us steel company (I assume) bleeds money due to tariffs on chinese steel
Looks like they were a front company. How is this not a good thing? Why are you only posting stuff from one company and not the whole steel industry?

I see a worthless stock price chart of an old, smaller steel company. And this is supposed to be evidence of... What, exactly?

I guess those Americans don't matter, do they. Cool.

>Looks like they were a front company.
How so?

I'm saying they were bringing chinese steel instead of making it in the US. Maybe not 100% but certainly enough to crater their stock. They were a front company for chinese steel.

TIL correlation = causation

The point of the trade war is that we have been continually fucked in trade on a ton of fronts because the government has only cared about what their rich benefactors have been getting for years (massive levels of wealth from free trade) and the little people have become increasingly more impoverished. This trade war is to fix the disparity. Yeah it sucks in the short term but once negotiations go through it will be better for everyone, not just the CEOs and the rich af stock holders.

Wow, you are more intelligent than George Washington and Benjamin Franklin put together, OP. Call the press, you fucking traitor!

First semi-reasonable things I've read all thread.

Seems very ingenuos of you.

What a non-sequitur. How embarrassing for you.

The Koreans are pretty bad about steel. One of the few good things the Obama admin did was step in against Korean steel. Korea was subsidizing the production of steel and selling it at a loss in order to gain market share.

I'm serious. I thought we were going to save American jobs.

>implying china is communist

Should at least look at indexes instead of individual stocks.

Attached: Screenshot_2018-12-14 NYSE American Steel Index.png (960x411, 50K)

Seems very profound of you.

the stocks price/earnings ratios are not remotely reasonable.

many may lose 50 percent of their value because the market as a whole may lose 50 percent of its value

netflix is a cool company and theres room for growth but its p/e is 97

Hello!

>Is this not direct evidence against the hypothesis that is "trade wars are good, we win trade wars"?
1) I need more context because I have no idea about the volatility of this stock
2) the stock market is not the economy, things can be "good for the economy" even if stock prices go down

Because stock price fluctuations determine whether or not people keep or lose their job... Somehow? Gosh, I feel bad for you.

List of Federal Reserve Bank shareholders:

King Bael, Duke Agares, Prince Vassago, Marquis Samigina, President Marbas
Duke Valefor, Marquis Amon
Duke Barbatos, King Paimon
President Buer, Duke Gusion
Prince Sitri, King Beleth
Marquis Leraje, Duke Eligos
Duke Zepar, Count/President Botis
Duke Bathin, Duke Sallos
King Purson, Count/President Marax
Count/Prince Ipos, Duke Aim
Marquis Naberius, Count/President Glasya-Labolas, Duke Buné
Marquis/Count Ronové, Duke Berith
Duke Astaroth, Marquis Forneus
President Foras, King Asmoday
Prince/President Gäap, Count Furfur
Marquis Marchosias, Prince Stolas
Marquis Phenex, Count Halphas
President Malphas, Count Räum
Duke Focalor, Duke Vepar
Marquis Sabnock, Marquis Shax,
King/Count Viné, Count Bifrons
Duke Vual, President Haagenti
Duke Crocell, Knight Furcas
King Balam, Duke Alloces
President Caim, Duke/Count Murmur
Prince Orobas, Duke Gremory
President Ose, President Amy
Marquis Orias, Duke Vapula
King/President Zagan, President Valac
Marquis Andras, Duke Flauros
Marquis Andrealphus, Marquis Kimaris
Duke Amdusias, King Belial
Marquis Decarabia, Prince Seere
Duke Dantalion, Count Andromalius

Attached: rothschild.jpg (500x375, 60K)

Not determines. Correlates with. Indicates. A better indicator is a direct measurement of # of steel jobs:

bloomberg.com/opinion/articles/2018-03-02/steel-tariffs-talk-ignores-effects-on-manufacturing-jobs

Wasn't the whole point that US will be hurt, China will be hurt, and things will keep getting worse until both sides come to their senses and work something out?

Who ever made the case that trade wars would create short-term benefits?

Squiggly lines. Got it.

Umm, okay...

Attached: Steel 2.png (1198x430, 43K)

What are you trying to say?

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!

Attached: 1544352087055.webm (700x394, 2.96M)

!!

Attached: 1544352114348.webm (700x394, 2.68M)

!!!

Attached: 1544357078863.webm (1280x720, 964K)

>Not determines. Correlates with. Indicates.
Nope, not really. If we're talking about correlation, it's very, very loose. The stock market just reflects the speculative sentiment of institutions and wealthy individuals.

Idk, what are you trying to say? Seems fine to me.

So, note that this conversation we're about to have is irrelevant as I have already stated that we can just directly measure number of jobs.

Stock market correlates negatively with unemployment. This is true. Why are you taking a stance against this? Just look it up, find r^2 and that tells you how correlated it is. No need to convince me of anything.

Wow, so the trade wars is causing Chinas entire economy to collapse but hey lets stop winning because some steel group is taking a temporary dip in value.

Go fuck yourself, kike. Youre either a complete retards incapable of seeing the forest from the trees, or a fucking shill.

>One company loses value after tariffs are implemented

>Therefore tariffs are bad

OP, are you retarded?

What's your address, John McCain?

Well the first thing I said was that y'all should be using better data. Then you seemed to imply that I was cherry-picking a starting point because you zoomed out on the graph more. But I thought my starting point was quite fair as it included march 2018 and the months before that for context. If you think the broader situation is fine, that's up to you.

thanks for the discussion fellas.

Tariffs don't do what you think they do, numbnuts.

What people think tariffs do:
>Some class of good is more expensive, so people will buy less of them

What tariffs actually do:
>Some class of good is more expensive
>Which makes money worth less than it used to be
>This changes spending outlays in a variety of ways, some of which may be reduced spending on some class of good.

By placing tariffs on foreign goods, Trump is directly making the domestic manufacturing sector more competitive internally.

Its almost like starting up production again cost money which hurts stock prices in the short term....

Protectionism built one of the most powerful empires the British. Free trade is treason, particularly when there is people like the chinese out there taking advantage of it

>I have already stated that we can just directly measure number of jobs
And your evidence is some market fundamentalist opinion piece? Oh, did you expect me to take that seriously?

Holy shit you're dumb.
Please don't breed.

My evidence of what, exactly? I was just linking an example of # of jobs over time. What do you think I was trying to prove? Like, you're running around slap-fighting an enemy that doesn't exist.

>governments that control their population like slaves are more powerful

Sure they are powerful but do you want to be a slave?

>My evidence of what, exactly?
Are you incapable of following a conversation or was your bloomberg article just a pure, arbitrary non-sequitur about a hypothesized impact of tariffs on jobs?

Gosh, I sure am btfo by that high IQ response. How will I recover?

1. You raise doubts about stock price indicating # of jobs. 2. I say, correctly, that jobs do correlate with stocks, but it is irrelevant since we can directly measure number of jobs over time. The article is irrelevant. I was just posting an example of number of jobs over time to show you one.

Either the tariffs work or your working harder than you should forever

>stop all basedbeans purchases at the command of the gov is impresive and dangerous as fuck for the rest of the world.

There's nothing stopping other countries from doing the same for different things except for the sake of preserving the illusion of capitalism

Means nothing. US needs to be building our own steel.

We all knew it would get worse before it gets better. Obama and every Democrat before him artificially inflated the market by taking jobs from Americans and giving them to .50cent an hour chinks.

There's no relation between stock prices and employment, full stop. I've already stated that. At most you can say that the stock market, on an ordinary basis, loosely correlates to overall economic performance, of which employment is a factor. But you can't just sit there and eliminate the distinction or erase the path and draw a straight line from stock prices to employment.

Why are you still on about this? I said correlates. You said correlates. Correlates means correlates. Two things that correlate go up and down together or inversely regardless of causal relationships.

>But you can't just sit there and eliminate the distinction or erase the path and draw a straight line from stock prices to employment.
Never did this. You are hallucinating, fighting an imaginary enemy. Pay closer attention.

Anyways, bye bitch. I got things to do. I was not here to attack your beliefs other than your beliefs about data.

So you made an outburst for the sake of making an outburst? Okay, daddy noticed you. Now run along.

This literally has nothing to do with China, they already agreed to get rid of the tariffs. How about it's the end of one of the longest bull runs in history and the market is cyclical as fuck you dumb fucks.

He's trying to say zoom out.

>posts one steel stock
>omg the steel market

Nice try. There are traders on here. Post Steel market heat map or sector performance chart.

Trade wars are beautiful. Trump si right.

Correcting decades of bad decisions and bad habits to fix a very serious problem where our country does not produce and is instead dependent on china is going to be very difficult and painful as course corrections of this magnitude often are.It is however necessary.

thats the feds fault actually, for raising interest rates to stifle the economy

We're short-attention-span dummies. Take it to 8ch - they're the real spergs. Better,