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Originally about tariffs and watches ... now just political rambling
Locked
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Mtek
·For sure growth is too slow here. I have been saying for a long time that we should make more finished goods here, and less exporting of what amounts to raw materials. For example, instead of selling our oil to American refineries at a heavy discount, we should be refining it here and selling the end products at full price. The US has been taking advantage of our resources for far too long...
Well, that for sure is changing here in the US. Gas, lumber, and and as of yesterday, even coal is going to be produced in much larger quantity. Canada actually could use their version of doge and start cutting red tape to move on that. Look at the cost per barrel of oil already in the last 60 days.
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ErichPryde
··Seamasters ForeverWell, that for sure is changing here in the US. Gas, lumber, and and as of yesterday, even coal is going to be produced in much larger quantity. Canada actually could use their version of doge and start cutting red tape to move on that. Look at the cost per barrel of oil already in the last 60 days.
I realize that oil trades on future demand and it's possible this could play a factor, but can you please provide me some supporting data to show that this is a major factor, as opposed to decrease future demand due to recession fear, increased production by OPEC announcement, &c?
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Dan S
·Well, that for sure is changing here in the US. Gas, lumber, and and as of yesterday, even coal is going to be produced in much larger quantity. Canada actually could use their version of doge and start cutting red tape to move on that. Look at the cost per barrel of oil already in the last 60 days.
IMO, burning more coal to fuel AI is unbelievably short-sighted, down-right stupid actually, but I would suggest that we are straying very far from the topic of the thread.
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Archer
··Omega Qualified WatchmakerWell, that for sure is changing here in the US. Gas, lumber, and and as of yesterday, even coal is going to be produced in much larger quantity. Canada actually could use their version of doge and start cutting red tape to move on that. Look at the cost per barrel of oil already in the last 60 days.
John Turner wasn't wrong when he debated Brian Mulroney back in the '88 election over the first free trade agreement. We have become far too reliant on trade with the US since then, and that has to change.
Certainly cutting waste in government is always a good idea. The DOGE approach though strikes me as being about as useful as the big consultants are for business - McKinsey, BCG, etc. They come in, don't fully understand the business, suggest cuts that managers are forced to make, and then they leave chaos behind and cash their big fat cheque. Been there, done that in my former workplace, and my wife had the same several years later. The claimed savings are never there, and it takes years to recover from the damage they do. Hard pass on that...
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Mtek
·I realize that oil trades on future demand and it's possible this could play a factor, but can you please provide me some supporting data to show that this is a major factor, as opposed to decrease future demand due to recession fear, increased production by OPEC announcement, &c?
I’m not going to hold your hand, the info is out there. I think you are looking for back and forth banter I’m not going to engage in. The bottom line, and how this started, is the EUs self-own on buying from Russia. I’ll never agree with that when there were alternatives.
Have a nice day.
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ErichPryde
··Seamasters ForeverI’m not going to hold your hand, the info is out there. I think you are looking for back and forth banter I’m not going to engage in. The bottom line, and how this started, is the EUs self-own on buying from Russia. I’ll never agree with that when there were alternatives.
Have a nice day.
Believe it or not, I was not looking for back and forth banter. Why oil prices are currently falling looks/seems relatively clear (as much as any price move is). If you actually had some sort of data supporting a significant enough forecasted increase from US sources, I genuinely would have liked to see it because it would be very interesting.
I'm not really looking to sling a lot of mud against other forum members, and I hope you enjoy your day as well.
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Porteroso
·It is clearly about trade deficits (if it is in fact about trade at all). The calculation is about trade deficits, what Trump talks about all the time is trade deficits. He says he has been doing so for 30 years.
I'm not sure how other places are reacting, but Canada being an early target for these tariffs, there is a massive movement to not only buy Canadian here as much as possible, but even more so to not buy American. Even if these tariffs go away tomorrow, I can assure you that sentiment is going to linger for a very long time here.
The amount that Canadians buy from the US is going down, and will stay down for a very long time I suspect, meaning that the likely outcome is that the trade deficit that the US has (in goods) will continue, despite of, and ironically partially because of the tariffs. Trump has already said that he wants to force the EU to take US energy exports. He's trying to negotiate outcomes, and that is not going to end well.
But you overestimate political memory, which is short. It's easy now to say these things will linger, but they rarely do. People will spend differently during a crisis, but once it's over, they will go back to their habits.
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p4ul
·Awesome SUVs.
The X5 was focused on performance handling, on streets and roads that 99% of buyers use them for.
Plus it would go where Land Rovers went…almost.
That is the definition of handling, for performance handling buy a sports car.
Oh, and 99% of Range Rover drivers today are still more interested in clogging up the streets on school run.
Just to be clear, imho it all went tits up after the series 3 Land Rover.
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Archer
··Omega Qualified WatchmakerAwesome SUVs.
The X5 was focused on performance handling, on streets and roads that 99% of buyers use them for.
Lots of purists hated it, and claimed it would kill BMW (sort of like those people who said the Moonswatch would kill Omega) and they were very wrong.
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p4ul
·Obligatory cat picture to halt this chat.
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kfranzk
·... I remember Germany basically laughing at him at one of the meetings. The EU spends more on Russian energy now, than they do for aide to Ukraine. Trump deserves a lot of flak, but on this I agree with him.
Germany now gets most of its gas from Norway, Netherlands and Belgium and some by ship from US and else...
Since the Russion invasion there were some new LNG terminals built very fast, that were not there before... and no gas pipelines from Russia to Germany are operable.
Konrad
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Mtek
·Indeed, I believe it was first marketed as an SAV - Sport Activity Vehicle, never designed for off road use.
Lots of purists hated it, and claimed it would kill BMW (sort of like those people who said the Moonswatch would kill Omega) and they were very wrong.
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Archer
··Omega Qualified WatchmakerIt probably goes both ways. The unwillingness in the beginning of Canada to take off their tariffs and barriers to free trade probably set some Americans off who will avoid Canadian goods.
There is a binding dispute resolution mechanism in that agreement, and the US has made good use of it - the problem is they lose those cases, say with regards to dairy, which seems to be a big thorn in Trumps side. He said something about after the first "can" of milk we apply high tariffs. We don't generally get our milk in cans here - bags, yes certainly! 😉
On dairy, the US doesn't even use the allocations that they negotiated, so these high tariffs that are constantly talked about are never actually levied...
But you overestimate political memory, which is short. It's easy now to say these things will linger, but they rarely do. People will spend differently during a crisis, but once it's over, they will go back to their habits.
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Archer
··Omega Qualified WatchmakerAs I said in an earlier post, I worked for BMW NA. The X5 was a huge hit, the X3 is (or was) the top selling US model as well. We had issues years ago, with domestic X5s being shipped to China. Basically like the Rolex grey market, only with X5s. The early Austrian-built X3s didn’t do so well, they were very good cars, but also very utilitarian. The new US-made are a lot more luxurious.