Current Events > cohn is resigning

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Darkman124
03/06/18 7:45:38 PM
#1:


https://www.bloomberg.com/news/articles/2018-03-06/gary-cohn-to-resign-as-trump-economic-adviser-amid-trade-dispute

this isnt something to be smug about

it's bad news. i've been trading markets under the assumption that trump was lying about imposing tariffs, much as he lies about everything else
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Genocet_10-325
03/06/18 7:46:10 PM
#2:


And another one gone and another one gone and another one bites the dust HEY
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UnholyMudcrab
03/06/18 7:46:58 PM
#3:


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foreveraIone
03/06/18 7:46:59 PM
#4:


what you should be really freaking out over is the fact that he just met with John Bolton earlier today
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chill02
03/06/18 7:47:16 PM
#5:


rip
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E32005
03/06/18 7:50:27 PM
#6:


does anyone know why Trump is so adamant about his tariffs?

he's losing republicans, congress, and now his econ advisor. seems dumb.
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Axiom
03/06/18 7:51:29 PM
#7:


Trade war is coming
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Darkman124
03/06/18 7:51:39 PM
#8:


ego
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Aristoph
03/06/18 7:52:29 PM
#9:


E32005 posted...
seems dumb.


If it walks like a duck...
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kingdrake2
03/06/18 7:52:47 PM
#10:


Axiom posted...
Trade war is coming

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Antifar
03/06/18 7:53:02 PM
#11:


E32005 posted...
does anyone know why Trump is so adamant about his tariffs?

You do
E32005 posted...
seems dumb.

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ssj3vegeta_
03/06/18 7:53:18 PM
#12:


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BLAKUboy
03/06/18 7:53:24 PM
#13:


E32005 posted...
does anyone know why Trump is so adamant about his tariffs?

Because he's mad he can't get his way on anything. Literally, that's why.
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Maeiv
03/06/18 7:53:32 PM
#14:


This combined with the Senate Dodd Frank news....hmm
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E32005
03/06/18 7:57:59 PM
#15:


BLAKUboy posted...
E32005 posted...
does anyone know why Trump is so adamant about his tariffs?

Because he's mad he can't get his way on anything. Literally, that's why.

i wish you were using hyperbole, but there is no such thing with this orange fool.
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Doom_Art
03/06/18 7:58:53 PM
#16:


A nice trade war and recession in time for the midterms

what a self destructive oaf (trump I mean)
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UnholyMudcrab
03/06/18 8:01:28 PM
#17:


I keep wondering how many years it's going to take to fix the damage Trump has caused in just a single year
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bevan306
03/06/18 8:01:46 PM
#18:


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Doom_Art
03/06/18 9:40:40 PM
#19:


i mean i'm pretty much talking out of my ass

@Darkman124 what's your take on this? effects within the next few months/years?
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Darkman124
03/07/18 8:50:40 AM
#20:


if he actually creates a trade war it'll trigger a recession imo
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scar the 1
03/07/18 8:52:04 AM
#21:


Would it be enough for Republicans to consider looking for reasons for impeachment?
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teepan95
03/07/18 8:53:53 AM
#22:


Begun, the trade wars have
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Doom_Art
03/07/18 8:54:19 AM
#23:


Darkman124 posted...
if he actually creates a trade war it'll trigger a recession imo

well that's

not fun

scar the 1 posted...
Would it be enough for Republicans to consider looking for reasons for impeachment?


I think there's plenty of reasons there, yeah. All they need is a reason to look.

Though my inner partisan would prefer they wait until after midterms. Particularly if there's to be a recession caused by the oaf.
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scar the 1
03/07/18 8:55:11 AM
#24:


Doom_Art posted...
unless the trade war inspires an abrupt about-face from republicans with regards to Trump-Russia.

Yeah, that's what I'm asking. Not if it's illegal, but if it will somehow disrupt the loyalty from the senate.
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Doom_Art
03/07/18 8:56:46 AM
#25:


scar the 1 posted...
Yeah, that's what I'm asking

Yeah I realized too late lol. I'm still waking up.

I edited my response.
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#26
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Doom_Art
03/07/18 9:01:06 AM
#27:


Like the economy is pretty much the one reason actual non-crazy Republicans and right-leaning independents still stick with the guy

If he loses that, he'll lose them. Then what does he have? His "base" of unreliable populists.
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P4wn4g3
03/07/18 9:07:33 AM
#28:


Darkman124 posted...
if he actually creates a trade war it'll trigger a recession imo

Hey that should balance out the inflation he's creating
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Maeiv
03/07/18 3:00:45 PM
#29:


shockthemonkey posted...
Maeiv posted...
This combined with the Senate Dodd Frank news....hmm

What happened with that?


Senate Democrats are voting with Trump to deregulate Wall Street

Edit: More specifically, roll back parts of Dodd Frank
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#30
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Giant_Aspirin
03/07/18 3:32:02 PM
#31:


https://www.marketwatch.com/story/dow-set-for-300-point-drop-after-cohns-exit-2018-03-07
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Darkman124
03/07/18 3:34:14 PM
#32:


Sparksfanboy posted...
*looks at stock markets*
looks like they've decided to go with him.


russell 2000 is up quite a bit
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Solid Snake07
03/07/18 3:35:45 PM
#33:


E32005 posted...
does anyone know why Trump is so adamant about his tariffs?

he's losing republicans, congress, and now his econ advisor. seems dumb.


Because the US trades at a deficit. But I don't see this as a solution. I've always thought America trades at a deficit because no one saves their money anymore and spends it on bull shit that was most likely made in another country.
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