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[Great Auk]

I’m going to miss affordable Nikes.

They made Nikes in the USA until the 1980s. Then they all jumped ship to the slave labor of Asia. From 2019:


"For Douglas Clark, the darkest part of working for Nike in the 1980s was watching American shoe manufacturing "evaporate" in the Northeast in a mass exodus to Asia in pursuit of cheaper labor.

"As a true Yankee — and my father was a Colonial historian — you know, it was heartbreaking," he said.

For a shoe-factory job paying $12 an hour, the actual cost of shoemaking — when adding benefits — grows to $16 an hour, compared with about $3 an hour in China, said Mike Jeppesen, head of global operations at Wolverine Worldwide, which owns brands like Merrell, Sperry and Keds. And that cost quadruples after wholesale and retail markups, he said, ballooning into a $50 price difference between a pair made in the U.S. versus in China."

 

[EN250]

What does that mean even .. why is the official White House account tweeting cryptic shit like that in the first place.

it's as clear as it can be, every country not wanting to get rammed by US tariffs folded as quick as possible, everyone else standing their ground is about to get slapped with more tariffs like China rn and shit can keep escalating ad infinitum like there is no tomorrow

This is either some trully 9D chess move incredibly brilliant that no one else is seeing, or Mr US President wants to demolish every country along side his own for some reason unknown

 

[Elog]

Ursula Von Der Leyen said she was concerned that China woulds start dumping cheap goods that were meant for the US into the EU instead.

Now why would that be a bad thing hmm? I wonder.

The EU already have cheap Chinese goods like the US. Her point is that with a surplus due to stopped shipments to the US they could do price dumping to get rid of excess inventory. It is not at all what you are thinking it is.

 

[Elog]

Lamps are red in the US right now with credit markets moving in the totally wrong direction (the problem that Trump tried to solve with his 180 degree pivot). Credit markets are built on long-term trust in a market. When trust is eroded it takes time to build up again. This might get nasty since the US is dependent on cheap credit.

 

[Moridianae]

Figure I'll ask here and hope for an answer--

My father passed a few years back and I know, from growing up he had investments in at least 3 or 4 stocks.

Mom doesn't remember and I don't have the slightest clue how to find out what they were, how much it was, getting them to Mom or myself..nothing.

Any ideas?

 

[PaddyOCanager]

Figure I'll ask here and hope for an answer--

My father passed a few years back and I know, from growing up he had investments in at least 3 or 4 stocks.

Mom doesn't remember and I don't have the slightest clue how to find out what they were, how much it was, getting them to Mom or myself..nothing.

Any ideas?

Contact a probate lawyer?

Not sure why you waited years to address this......

 

[jason10mm]

Figure I'll ask here and hope for an answer--

My father passed a few years back and I know, from growing up he had investments in at least 3 or 4 stocks.

Mom doesn't remember and I don't have the slightest clue how to find out what they were, how much it was, getting them to Mom or myself..nothing.

Any ideas?

She would have to pull his tax filings from when he was alive, presumably he had to report dividend income. He should have been getting statements all along though, does she have access to his email or did she move after his passing (my condolences).

Stuff like this is why those "when I die" financial/inventory/general life management hits you can buy are so important. With everything locked behind biometrics and passwords these days its not as simple as just opening some file cabinets.

 

[dem]

CNQ is tickling my dink right now

 

[Kittehkraken]

Might see some circuit breakers today.

 

[IntentionalPun]

The market rebounding yesterday was pretty dumb all things considered.

Anyone not just buying put’s or whatever isn’t going to be happy.

 

[Moridianae]

Contact a probate lawyer?

Not sure why you waited years to address this......

Because all of the talk of stocks in the news lately stirred up the memories of watching a news show with my father growing up, where they would list individual stocks and he always looked for like 3 or 4.

As far as waiting years? It was just something that came up. We've long since settled stuff, but I don't think those were ever brought up in the estate. Even my Mom doesn't know.

 

[Ecotic]

We still have an embargo on China, 25% tariffs on some Canadian and Mexican goods, 10% tariffs on everyone else, tariffs on foreign automobiles, steel, and aluminum, and a 90-day guillotine hanging over our heads.

The feeling of mission accomplished yesterday looks foolish after the dust has settled.

 

[Kittehkraken]

The market rebounding yesterday was pretty dumb all things considered.

Anyone not just buying put’s or whatever isn’t going to be happy.

I think a lot of people got so caught up in the 90 day pause they forgot the trade between the worlds two biggest economies is on the verge of collapse.

 

[Moridianae]

She would have to pull his tax filings from when he was alive, presumably he had to report dividend income. He should have been getting statements all along though, does she have access to his email or did she move after his passing (my condolences).

Stuff like this is why those "when I die" financial/inventory/general life management hits you can buy are so important. With everything locked behind biometrics and passwords these days its not as simple as just opening some file cabinets.

I don't know if she does or not. He was a medical doctor with his own practice..took care of personal and business himself, which made everything at his passing notoriously hard to settle, plus left my Mother even struggling to pay bills, not because she can't, but because she never had to because he handled all that for her.

 

[violence]

They made Nikes in the USA until the 1980s. Then they all jumped ship to the slave labor of Asia. From 2019:


"For Douglas Clark, the darkest part of working for Nike in the 1980s was watching American shoe manufacturing "evaporate" in the Northeast in a mass exodus to Asia in pursuit of cheaper labor.

"As a true Yankee — and my father was a Colonial historian — you know, it was heartbreaking," he said.

For a shoe-factory job paying $12 an hour, the actual cost of shoemaking — when adding benefits — grows to $16 an hour, compared with about $3 an hour in China, said Mike Jeppesen, head of global operations at Wolverine Worldwide, which owns brands like Merrell, Sperry and Keds. And that cost quadruples after wholesale and retail markups, he said, ballooning into a $50 price difference between a pair made in the U.S. versus in China."

And I was being sarcastic of course. I have no idea what Nikes cost these days. I haven’t bought them since the 90s and I was paying close to $100 for a pair back then.

 

[Kittehkraken]

Tariffs on China are now 145%. Trump forgot about his own 20% fent tax that needed to be added in.

 

[Great Auk]

And I was being sarcastic of course. I have no idea what Nikes cost these days. I haven’t bought them since the 90s and I was paying close to $100 for a pair back then.

Yea they've been a ripoff for years, even after they moved overseas. Funny how retail prices didn't suddenly plummet when they shifted from the US to Asia.

 

[Great Auk]

The EU already have cheap Chinese goods like the US. Her point is that with a surplus due to stopped shipments to the US they could do price dumping to get rid of excess inventory. It is not at all what you are thinking it is.

It just reminded me kind of like what has been happening in general with China eating away at all competitors with heavily subsidized industry making prices unrealistically low and therefore putting competitors out of business.

 

[StreetsofBeige]

I’m going to miss affordable Nikes.

Well that’s the thing.

Tariffs are supposed to help protect jobs and whichever companies get behind it.

At the cost of higher prices for anyone in society who wants to buy it.

Or you say forget about tariffs and have free trade (or ultra low tariffs nobody notices) and let the global markets and prices shake out naturally without gov interference. And if that means low prices at the expense of some jobs going to foreigners that’s preferred.

Pick you poison.

 

[JayK47]

China. The Walmart of the world.

 

[12Goblins]

 

[StreetsofBeige]

It just reminded me kind of like what has been happening in general with China eating away at all competitors with heavily subsidized industry making prices unrealistically low and therefore putting competitors out of business.

Probably.

Other countries probably do that too. But I’m just guessing here.

It’s like how the hell does fruits and vegetables made and shipped halfway across the world can be cheaper than Made In Ontario agriculture grown half an hour outside town. Who the hell knows. But the overseas produce is just as good as local and you get shit tons more variants.

 

[SlimySnake]

lol

Shes so hot.

 

[Forsete]

Awesuhm, we the common folk are really happy for them.

 

[Kittehkraken]

Probably.

Other countries probably do that too. But I’m just guessing here.

It’s like how the hell does fruits and vegetables made and shipped halfway across the world can be cheaper than Made In Ontario agriculture grown half an hour outside town. Who the hell knows. But the overseas produce is just as good as local and you get shit tons more variants.

Ehhhh sometimes. Locally grown Ontario field strawberries are unmatched imo. I buy them by those cardboard pallets in the summer from a local farm.....SO GOOD but expensive.

 

[Great Auk]

Ehhhh sometimes. Locally grown Ontario field strawberries are unmatched imo. I buy them by those cardboard pallets in the summer from a local farm.....SO GOOD but expensive.

But don't you want to save a dollar and eat Chinese strawberries instead???!!! Local can't compete, let the industry die!! Besides, no Canadian wants to pick strawberries anyway!!

 

[SlimySnake]

I think someone in this thread said this would happen. Talks of lifting tariffs in favor of minimum pricing.

https://www.reuters.com/business/autos-transportation/eu-china-start-talks-lifting-eu-tariffs-chinese-electric-vehicles-handelsblatt-2025-04-10/

BERLIN, April 10 (Reuters) - The European Union and China have agreed to look into setting minimum prices on Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday.
German newspaper Handelsblatt reported earlier on Thursday that negotiations had begun.

China's commerce ministry said in a statement that negotiations were set to start "immediately."
Sefcovic has previously said any minimum prices would need to be as effective and enforceable as the EU tariffs.

The EU increased tariffs on Chinese-built EVs to as much as 45.3% last October, but Brussels and Beijing have floated the idea of lifting the tariffs through possible commitments to minimum prices, known as price undertakings for imported cars.
The European Commission has said it is willing to continue negotiating an alternative to tariffs with China, which included tariffs of 17.0% for vehicles made by BYD, 18.8% for Geely and 35.3% for SAIC, on top of the EU's standard car import duty of 10%.

 

[Kittehkraken]

But don't you want to save a dollar and eat Chinese strawberries instead???!!! Local can't compete, let the industry die!! Besides, no Canadian wants to pick strawberries anyway!!

Not true actually. All the prepicked strawberries from the farm i go to that end up in local grocery stores or the farms store are picked by local workers. Anybody can show up and pick on any given day. Sometimes the farms store doesn't have many strawberries for sale because not that many people showed up the day before to pick for them. They also let you pick your own strawberries for a reduced price. You show up, grab some baskets and go out into the field and pick. A lot of people do. I'm lazy so i call beforehand to make sure the farm store has strawberries before i make the 45min drive.

I assume you were being sarcastic, but i still felt like explaining.

 

[Nocty]

With the 10 year going parabolic, what is the bet we suddenly get a deal with china over the weekend for a rally into next week?

 

[GHG]

With the 10 year going parabolic, what is the bet we suddenly get a deal with china over the weekend for a rally into next week?

I don't think China want to make a deal, so it all depends on whether or not Trump is willing to swallow his pride.

 

[Audiophile]

Y'all are panicking?! This is me after 10yrs in crypto margin trading.. I'm 32!

+/- 10% is a Wednesday morning.

 

[Rentahamster]

Some of these replies... lol

 

[Ass of Can Whooping]

Some of these replies... lol

 

[12Goblins]

Some of these replies... lol

Half are saying how rudimentary it is and the other half don't understand it ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

 

[Nocty]

Some of these replies... lol

 

[Kittehkraken]

Whats Trump going to offer up this time?

 

[StreetsofBeige]

Some of these replies... lol

The same thing happens if you do the down part second too. That's because the down part is done when the number is at it's biggest.

100 + 10 = 110 - 11 = 99

 

[GHG]

Whats Trump going to offer up this time?

This is the thing, now that he's broken things, he's running out of options to fix them.

The S&P came within a hair width of being halted today, everyone was rushing for the exit and the door wasn't big enough.

The trust in this administration is gone, people are happy to eat losses if it means it caps their downside, and not many people want to invest serious money with this degree of uncertainty hanging about.

The same thing happens if you do the down part second too.

100 + 10 = 110 - 11 = 99

The difference is that it's far more likely you will experience a 50% loss on one of your holdings in this environment than it is that you will experience a 100% gain.

Example, anyone calling for AMD to get back to 180 any time soon?

 

[Madflavor]

Whats Trump going to offer up this time?

This is what scared Trump and caused them to pull back and pause. Now it's happening again a day later. It's like the world is realizing that despite the bump in the market yesterday, the situation is still grim. This seems to suggest that countries are abandoning the US Economy. Trump has spent the past few months doing a Tariff Hokey Pokey. We put a Tariff in, we take a Tariff out, we put a Tariff in and we shake it all about. The market and the rest of the world doesn't trust us anymore, and why should they? Recession pretty much seems inevitable at this point, and if Trump continues to fuck this up, an actual Depression could be in the cards.

If Trump actually manages to crash the US Economy while also handing the keys to the world economy to China, then that's gg. Not just for us, but for Trump and the GOP as well. They will get glassed off the political map in 2026.

 

[dem]

It is increasingly looking like America has fucked everything up...

 

[Rentahamster]

It is increasingly looking like America has fucked everything up...

Lol

 

[GHG]

It is increasingly looking like America has fucked everything up...

He's massively overplayed his hand.

The only way he could get away with this would be if the world depended on America. It actually turns out America depends on the rest of the world. You'd think he'd put two and two together considering the ever increasing trade deficit, but alas.

 

[Great Auk]

He's massively overplayed his hand.

The only way he could get away with this would be if the world depended on America. It actually turns out America depends on the rest of the world. You'd think he'd put two and two together considering the ever increasing trade deficit, but alas.

The US is almost a third of worldwide goods consumption. If we don't buy your stuff you're basically screwed.

It seems to me that most of the world depends on us to buy their crap.

 

[GHG]

The US is almost a third of worldwide goods consumption. If we don't buy your stuff you're basically screwed.

It seems to me that most of the world depends on us to buy their crap.

So explain to me then, given everything you've just said, why does it make sense for you to make things more expensive for yourselves?

 

[Great Auk]

So explain to me then, given everything you've just said, why does it make sense for you to make things more expensive for yourselves?

I don't have a problem with global trade. I have a problem with China not operating in the world economy in good faith. They are the ones I have the biggest problem with.

I don't think across the board tariffs are a good idea. I do though think that countries, even friendly ones, participate in erecting trade barriers and regulatory hurdles to restrict access to their markets and keep their domestic industry stronger and more attractive.

I think tariffs are a good way to negotiate away all these hurdles and/or actual tariffs. If they would do that, I would be fine with the tariffs going away.

China is the most dishonest world economy participant there is. They break every single rule. Every single one.

I do think that some things should be made in the US, we can't depend on foreigners (especially China) for medicines for example. That's ridiculous.

So tariffs and protectionism on key goods/sectors, but generally against tariffs for no reason.

 

[Rentahamster]

If they would do that, I would be fine with the tariffs going away.

Don't you want tariffs to stay to keep domestic production more competitive? You either want tariffs as a bargaining chip to get other countries to back off their tariffs, or you want tariffs to make domestic goods more competitive with foreign goods. I'm not sure you can have both at the same time.

 

[Great Auk]

Don't you want tariffs to stay to keep domestic production more competitive? You either want tariffs as a bargaining chip to get other countries to back off their tariffs, or you want tariffs to make domestic goods more competitive with foreign goods. I'm not sure you can have both at the same time.

I summarized at the end, I'm generally against tariffs against other countries if they are honest traders. Only time I'd want some protectionist mechanism in place is for strategic sectors/goods.

I understand that it's unrealistic to expect EVERYTHING to come back to the US. But I truly believe that the vast majority of general production moved overseas so that greedy fukkers can squeeze another penny of profit instead of god forbid, employing an American. Oh no we can't have that!

 

[MikeM]

The US is almost a third of worldwide goods consumption. If we don't buy your stuff you're basically screwed.

It seems to me that most of the world depends on us to buy their crap.

Sure seems that less and less people want US debt either. What will hurt more the US more? Tariffing themselves to death or the continual increase in yields because of this administration?

 

[GHG]

I don't have a problem with global trade. I have a problem with China not operating in the world economy in good faith. They are the ones I have the biggest problem with.

I don't think across the board tariffs are a good idea. I do though think that countries, even friendly ones, participate in erecting trade barriers and regulatory hurdles to restrict access to their markets and keep their domestic industry stronger and more attractive.

I think tariffs are a good way to negotiate away all these hurdles and/or actual tariffs. If they would do that, I would be fine with the tariffs going away.

China is the most dishonest world economy participant there is. They break every single rule. Every single one.

I do think that some things should be made in the US, we can't depend on foreigners (especially China) for medicines for example. That's ridiculous.

So tariffs and protectionism on key goods/sectors, but generally against tariffs for no reason.

So for you it all comes back to... China?

I can't help but feel your angst towards China is highly hypocritical considering they have been the sole partners and enablers throughout what has been an economic golden age for the US.

Pretty much all of the obscene economic growth you've experienced over the last ~20 years has been off the back of their open door manufacturing/economic policies and cheap labour.

The ridiculously high margins (and continuous margin growth) that the top companies on the US stock market have managed to deliver over the last couple of decades? Again, mostly thanks to China.

So now that you've created a monster, by willingly giving away all your methodologies and secrets, you have an agenda and want to punish them? It could have been prevented/stopped at any point before, but as it often does, greed prevailed.

So now, ironically, in order to fight them, you must become them, and you're supportive of that? Nah man, sorry, but it makes no sense. My frank opinion is that you need to try and approach all of this from a different angle. Making one of your closest business partners and business allies a boogeyman isn't going to solve all your problems at home.

 

[GudOlRub]

This is what scared Trump and caused them to pull back and pause. Now it's happening again a day later. It's like the world is realizing that despite the bump in the market yesterday, the situation is still grim. This seems to suggest that countries are abandoning the US Economy. Trump has spent the past few months doing a Tariff Hokey Pokey. We put a Tariff in, we take a Tariff out, we put a Tariff in and we shake it all about. The market and the rest of the world doesn't trust us anymore, and why should they? Recession pretty much seems inevitable at this point, and if Trump continues to fuck this up, an actual Depression could be in the cards.

If Trump actually manages to crash the US Economy while also handing the keys to the world economy to China, then that's gg. Not just for us, but for Trump and the GOP as well. They will get glassed off the political map in 2026.

I know it's easy to forget with all that's going on, but just a few weeks ago he was casually talking about Canada as the 51st state and talking about annexing NATO allies...
I mean Canada has been one of the US's closest allies ffs, what kind of message will the world get by watching this unfold?
And then he goes and begins a trade war with the whole damn world.
Regardless of him being serious or not with the Canada and Greenland talk, all these shenanigans will inevitably make foreign treasury holders feel uneasy.
Since he really seems to believe in tariffs, he could've done it more strategically and perhaps avoid some of this bond market backlash, but instead he chose to carpet bomb the global economy so here we are.