[News] Face, meet Leopard.

Dave

Dave

Staff member
I have an MBA with a concentration in Macroeconomics. If I had a nickel for every Trump supporter who just plain do not understand economic policy or even what a fucking tariff is, I'd be one of Trump's billionaire buddies. Tomorrow I'm going to have to explain to them that yes, beef prices will be coming down soon but that's because supplies will be glutted since the rest of the world won't be buying our beef. It has to go somewhere and that somewhere is here. But after this limited time and demand does not go up appreciably, even though we still have good supply, the PRODUCERS will be going broke. Farmers will lose fucking everything. And then that supply glut will fall, all while demand stays the same. Then the scarcity effect will come into play and the prices will fucking explode through the roof. Shelves will clear. The poor will no longer be able to afford beef.

Now, take that same concept and change it to tomatoes. And soybeans. And corn. And wheat. And chickens. And...
 
D

Dubyamn

Dave said:
I have an MBA with a concentration in Macroeconomics. If I had a nickel for every Trump supporter who just plain do not understand economic policy or even what a fucking tariff is, I'd be one of Trump's billionaire buddies. Tomorrow I'm going to have to explain to them that yes, beef prices will be coming down soon but that's because supplies will be glutted since the rest of the world won't be buying our beef. It has to go somewhere and that somewhere is here. But after this limited time and demand does not go up appreciably, even though we still have good supply, the PRODUCERS will be going broke. Farmers will lose fucking everything. And then that supply glut will fall, all while demand stays the same. Then the scarcity effect will come into play and the prices will fucking explode through the roof. Shelves will clear. The poor will no longer be able to afford beef.

Now, take that same concept and change it to tomatoes. And soybeans. And corn. And wheat. And chickens. And...
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So we have the news stories of cheap beef to look forward to. That’s fun.
 
@Li3n

@Li3n

I feel like at least with Reagonomics some people actually though it might work.

Meanwhile tariffs have always been like this, and anyone slaughtering cows for export while this is going on would have gone out of business long before.

Then again they did vote for Trump...

And there also was that think during the Great Depression where people where dumping milk into the harbour to keep local prices up...

This is certainly going to be an interesting time for people studying economics...
 
PatrThom

PatrThom

Dave said:
Then the scarcity effect will come into play and the prices will fucking explode through the roof. Shelves will clear. The poor will no longer be able to afford beef.
Click to expand...
Just imagine what's going to happen to the housing market in three years after everyone signed up for reverse mortgages in order to keep being able to pay their other bills.

--Patrick
 
Dave

Dave

Staff member
PatrThom said:
Just imagine what's going to happen to the housing market in three years after everyone signed up for reverse mortgages in order to keep being able to pay their other bills.

--Patrick
Click to expand...
Well, my post is also assuming that retailers lower the prices during the glut. That may or may not happen. And all Trump’s rich friends will be buying land and farms from bankrupt farmers so there will be SOME winners.
 
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