4WD
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Meanwhile - many negotiations are ongoing on whilst the same old crap flies here …
Mack Truck laying off 100s in PA & MD
- Thread starter Foreman04
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Here’s what I don’t understand so hopefully somebody can clear this up for me.
Say for example we put a tariff on an item produced in China making it cost so much more that it now makes sense to finally produce it in the US. But, it’s only attractive for US manufacturers to produce it if it stays at this high price. How does that actually benefit us “the consumer” with it being so much more expensive now even though it is produced in the US?
Are we just assuming that the “master plan” makes China and other countries buckle under and play ball the way we want…… hopefully before our economy collapses?
Say for example we put a tariff on an item produced in China making it cost so much more that it now makes sense to finally produce it in the US. But, it’s only attractive for US manufacturers to produce it if it stays at this high price. How does that actually benefit us “the consumer” with it being so much more expensive now even though it is produced in the US?
Are we just assuming that the “master plan” makes China and other countries buckle under and play ball the way we want…… hopefully before our economy collapses?
And how much left over does the lower 50% bracket have? Can they afford higher prices?
I'm not sure we are gonna have socialized medicine, etc...
You asked a specific question about a consumption tax and I answered that question clearly.
But to answer your question again, no, the poor don't care if the cost of goods at Tiffany's goes up, or any other good they could not afford before anyway. The truly poor can only afford the basics - which as I pointed out are almost all domestically sourced. I grew up very poor and know this as fact.
We agree.
It's amazing how the narrative keeps changing on why all these companies have to have layoffs.
It's like this-
1) Containers come in from (name the country here).
2) Tariffs slow or stop said containers
3) Trucks are not needed to pick up containers that are not there
4) You are not buying new trucks or wearing out the old ones if there is no freight
5)Trucking companies that make trucks anticipate a slowdown and are acting accordingly.
It's really that simple.
Someone stated in another thread that he works for the railroad-where containers are also shipped through and they are getting ready for layoffs.
He gives me a headache, thanks but I'll stick to the WSJ, Bloomberg Forbes and, when I really need to sleep, The Economist
Here we part company.
There is no better source of news and analysis than The Economist. Nothing soporific about it.
If more of those posting in this thread subscribed to this newspaper (as they call it), you'd see far less obvious ignorance and a far better grasp of economic reality.
GON
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Is the American spirit being underestimated?
If certain products are no longer cost beneficial to import, don't we believe that some American in his garage or basement will find a solution?
Better discussion might be what barriers to entry are there for domestic manufactured products and services, and how quickly can we remove these barriers, along with removal of restraints of domestic trade.
If certain products are no longer cost beneficial to import, don't we believe that some American in his garage or basement will find a solution?
Better discussion might be what barriers to entry are there for domestic manufactured products and services, and how quickly can we remove these barriers, along with removal of restraints of domestic trade.
AZjeff
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GON
$150 Site Donor 2025
Simple response.
Interest rates are based on risk. Government bonds to finance debt are considered the safest instrument to safe guard liquid assets, based on the full faith and trust of a nation.
If you have liquid assets that you want to earn interest, and safeguard, the market often places this liquid assets into government bonds.
Historically, with the U S. As the world's reserve currency, the most easiest bond to buy it sell, backed by the full faith and backing of the United States, US bonds on a macro basis should always pay the lowest interest if any Western nation.
Why would institutions put liquid assets into Germany, paying two percent less that the U.S.? Why are institutions unwilling to by US. Debt unless the US. Pay two percent more than Germany?
This is an undisputable canary in a coal mine.
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I was being sarcastic as the Economist is a favorite, but it can be rather dense and academic in tone at times. Needs more pictures
Now The Atlantic.....
I wish I could say yes but the data seems to indicate otherwise. How many engineers and business professionals do we graduate?
How many workers are demanding to work from home/hybrid?
How many blame someone or something else for their financial position?
From a Stanford Report Survey:
For instance, in the December 2024 results of their separate survey of American workers (the Survey of Working Arrangements and Attitudes), only 44 percent of respondents said they would comply with a RTO policy requiring fully onsite work. The rest said they would quit or start looking for a new job.
My understanding is, new college grads may be even worse. Don't get me wrong, WFH makes sense in some instances, but work ethic seems to have waned.
On this we agree.
Volvo ruined Mack. I cut my teeth in R600's and 700's.
4WD
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2015 layoffs - poor sales …
https://www.ccjdigital.com/trucks/vocational/article/15048307/mack-truck-plant-to-lay-off-hundreds
https://www.ccjdigital.com/trucks/vocational/article/15048307/mack-truck-plant-to-lay-off-hundreds
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AZjeff
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GON
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Germany is a large industrial nation, using one of the worlds most recongnizable currencies (EURO).
Sweden use the Krona, Britian uses the Pound. Germany is a good baseline to chart to US debt. Northern European nations typically run their nation's finances very well, small population, lots of natural resources, so hard to compare to US debt. England is very unique post BREXIT, I won't claim to understand how Britian operate their finances/ debt.
On a funny note, the tiny nation of Kuwait is sometimes discussed as the world's safest- most inflation resistant currency. That is what happens when a nation has a small population, and exports (oil) significantly more than it imports- great wealth for a tiny nation that is almost all sand/ desert terrain, with the exception of built up urban areas.
Nations that export more than they import build wealth. Nations that import more than they export over time, ALWAYS financially collapse, ALWAYS. No ifs, and, or buts- financial collapse is immenent.
JHZR2
Staff member
Some may be because of current slowdowns, but often decisions about capital equipment procurement is done longer in advance.
Some of this could have been due to ambiguity over diesel trucks from years ago. Some could be due to longevity. There are many factors.
I agree that market share for Mack doesn’t ever seem that great. Sure, we use the term mack truck pretty loosely. But I do t see them. I see older dump trucks, but not much else. Having just driven from NJ to mid-south KY and back, I can’t say I saw many at all.
Some of this could have been due to ambiguity over diesel trucks from years ago. Some could be due to longevity. There are many factors.
I agree that market share for Mack doesn’t ever seem that great. Sure, we use the term mack truck pretty loosely. But I do t see them. I see older dump trucks, but not much else. Having just driven from NJ to mid-south KY and back, I can’t say I saw many at all.
Not sure what the point of this video is though. Yes, many industries have been struggling for many reasons. Some companies and industries like Mack are out of business for many reasons not keeping up with technology, etc. and I feel bad for those who have taken the brunt of it.
So with these tariffs, is the master plan one that waits for other countries to buckle under and play ball the way we want…… hopefully before our economy collapses? Some are already being reversed (mistakes?) I see everyday the tariffs being passed down continually because nobody can absorb that extra cost so ultimately we / us pay for it.
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