Real protectionism has never really been tried.

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Real protectionism has never really been tried.

Author: NedoftheHill (31648 Posts - Joined: Jun 29, 2011)

Posted at 1:20 pm on Aug 15, 2019

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I'm kidding. Your "Protectionism is bad. Full stop." statement made me think "Socialism is bad. Full stop." And it made me think that there was an implied "in the long term" after each statement. When implementing socialism or protecitionism, there are often benefits in the short term, like the short term high of a drug. The question is, are either good for the country long term? And, even if using protectionism (or morphine) is bad when used long term, can it be used short term to achieve a short term goal?

Obviously, you and I disagree on the answers. Just thought it might provide some insight into what each side may think.

This message has been edited 1 time(s).

First Freedom, then Glory—when that fails, wealth, vice, corruption—barbarism at last. - Byron

Replies to: "Real protectionism has never really been tried."

Dow drops 800. Yield curve inverted. Trump immediately blames someone else. - LehighND - 4:32pm 8/14/19 (70) [View All]
- Disgraceful - Nigel Tufnel - 8:15am 8/15/19
  - His instincts are correct. His mouth is a fire hose of BS and narcissism. If he would STFU it would - PBHangingChad - 9:28am 8/15/19
    - His instincts are shit. - Chris94 - 10:48am 8/15/19
      - He got elected. His policies are good. His own words betray him [NT] - PBHangingChad - 12:10pm 8/15/19
        His political instincts are obviously great. Economic instincts...not so much. [NT] - Chris94 - 12:12pm 8/15/19
        Please explain. Don’t tell me about his stupid comments [NT] - PBHangingChad - 12:17pm 8/15/19
        He is a protectionist - Chris94 - 12:53pm 8/15/19
        Real protectionism has never really been tried. - NedoftheHill - 1:20pm 8/15/19
        Like most govt interference it ends up bad. In the short term, I guess you can make an - Frank L - 1:30pm 8/15/19
      - The trade wars are easy to win comment may really haunt him. - Frank L - 11:14am 8/15/19
        Read my post again. We need to take on China he knows that. If he shuts his mouth it will work [NT] - PBHangingChad - 12:12pm 8/15/19
        What do you mean take on China? In an all existential trade war right now? - Frank L - 1:15pm 8/15/19
        
        I hate latching onto a soundbite, though. - LehighND - 11:18am 8/15/19
        Campaigns are sound bites. And that one was no gaffe. He believed it. - Frank L - 11:25am 8/15/19
        OK, so now I'm curious. Which soundbite are you guys talking about. - NedoftheHill - 12:06pm 8/15/19
        "Trade wars are easy to win." - LehighND - 12:46pm 8/15/19
        It was an honest question. Not trying to trap you. I don't follow Trump's tweets. - NedoftheHill - 1:14pm 8/15/19
        
        Jumping in I acknowledged he’s a dope. But I still insist the policy of taking on China now is sound - PBHangingChad - 12:50pm 8/15/19
        One can take that position. Just don’t claim that it’s going to be easy to win to get votes. [NT] - Frank L - 1:13pm 8/15/19
- There is no such thing as leadership. - Curly1918 - 10:29pm 8/14/19
  - Actually I dont think that is true for Trump - WoodstockIrish - 10:48am 8/15/19
- you have for the last 60 years [NT] - Hank the Tank - 10:03pm 8/14/19
  - No. I really haven't. - LehighND - 10:39pm 8/14/19
- if only the rich benefit from the market, should the 99% rejoice? [NT] - WestCoastIrishFan - 6:26pm 8/14/19
  - Uhm no. The rich benefit the most by many times. Lots of pension and institutional money there, - Frank L - 6:31pm 8/14/19
    - be sure to share your perspective with your liberal friends [NT] - WestCoastIrishFan - 6:49pm 8/14/19
      - I’m a sharing person. Just the way I roll. All are entitled to my views. [NT] - Frank L - 7:53pm 8/14/19
- Yadda yadda this is a continuation of Obama's economy except when the Dow drops. - Cole - 5:56pm 8/14/19
  - Indeed. Trump has enjoyed the fruits of the Obama Recovery Wave. - conorlarkin - 7:24pm 8/14/19
  - Au contraire. There is a lot of good economic discussion going on here. - LehighND - 6:05pm 8/14/19
    - Yes, we recovered from your first post starting this thread. [NT] - Cole - 9:21am 8/15/19
- Money is pouring into the US since most of Europe and Japan have negative bond rates [NT] - PBHangingChad - 5:42pm 8/14/19
  - How does that relate to today's sell-off. [NT] - LehighND - 5:49pm 8/14/19
    - See my response below. At 1.6 on the US 10 yr money flowing into the US pushing dollar higher - PBHangingChad - 5:54pm 8/14/19
      - How does that relate to today's sell-off. [NT] - LehighND - 5:57pm 8/14/19
        Because it’s contagion that will reduce US corporate revenues as the world slides into a recession - PBHangingChad - 6:05pm 8/14/19
        I think I get it. [NT] - LehighND - 6:11pm 8/14/19
        There are great US companies that meet our consumer demand. Export companies will get hurt. Dollar - PBHangingChad - 6:14pm 8/14/19
        Good stuff. - LehighND - 10:44pm 8/14/19
    - Bonds up stocks down. [NT] - Frank L - 5:50pm 8/14/19
      - That's where I get confused. - LehighND - 5:56pm 8/14/19
        It seems complicated but it isn’t. Right now we are the safest place to park their cash. - Frank L - 6:34pm 8/14/19
        That's not the tricky part - LehighND - 9:39pm 8/14/19
        Because when the bond market goes up, stocks go down. They aren’t interested in investing in - Frank L - 8:46am 8/15/19
        Let's look at it like a math problem. - LehighND - 11:25am 8/15/19
        Because bonds are always seen as a safe haven when there is a bear market. - Frank L - 11:30am 8/15/19
        
        It’s about algorithms. Computers sell a reverse yield signal. Look at Qtr returns for US company’s. - PBHangingChad - 6:08pm 8/14/19
- Fun fact - there are like nine states who will be near bankruptcy even if a mild recession hits us [NT] - Hank Scorpio - 4:59pm 8/14/19
  - This is the problem. There’s no cushion this time. We are QE, easy money tapped out. [NT] - Frank L - 5:01pm 8/14/19
    - May have to go back to Obama’s zero rate environment [NT] - PBHangingChad - 5:43pm 8/14/19
      - We aren’t that far off of it already. A decent, growing economy should be able to absorb mild rate - Frank L - 5:45pm 8/14/19
        Have you been watching what’s going on in EU countries, Japan, China, Argentina? - PBHangingChad - 5:52pm 8/14/19
- He doesn't lead. He watches Fox and he tweets. [NT] - golfernot - 4:44pm 8/14/19
  - While I totally agree... I feel that leadership is a myth - Curly1918 - 10:19pm 8/14/19
- Would it be something if a POTUS had a press conference after something like that: "It's my fault." [NT] - NedoftheHill - 4:36pm 8/14/19
  - Baron could write an honest speech for him that would be defensible and noble. - LehighND - 4:40pm 8/14/19
    - The trade war didn’t cause this. Germany and others are in a recession with negative yields [NT] - PBHangingChad - 5:45pm 8/14/19
      - Those negative yields didn't just happen today. [NT] - LehighND - 5:50pm 8/14/19
        Did something happen in the tradewar today? [NT] - NedoftheHill - 10:03pm 8/14/19
        Apparently so. Germany went into recession. [NT] - LehighND - 10:36pm 8/14/19
        
        No the German economic data on Monday confirmed they are in a recession - PBHangingChad - 5:58pm 8/14/19
        How does that relate to today's sell-off. [NT] - LehighND - 6:02pm 8/14/19
        Look at some of my posts above. We are the cleanest shirt in a dirty laundry basket. But their dirt - PBHangingChad - 6:10pm 8/14/19
        Let's hope our rates are high enough to be able to cut them adequately. - LehighND - 6:14pm 8/14/19
        Our rates are still on the positive side but not by much. Still better than being negative. - PBHangingChad - 6:18pm 8/14/19
      - Maybe not caused. But it has contributed. A lot of this is confidence or lack thereof. - Frank L - 5:49pm 8/14/19
        I’ll grant you his stupid and mostly idiotic texts are not helping. Like calling off the tariffs a - PBHangingChad - 6:00pm 8/14/19
    - Pretty good. But too many big words for Orange. - golfernot - 4:49pm 8/14/19
- Some numbers: [LINK] - Chris94 - 4:35pm 8/14/19
  - Bush. [NT] - Cole - 5:52pm 8/14/19