Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!

ZERO soybean imports

Discussion in 'Too Hot for Swamp Gas' started by 96Gatorcise, Dec 24, 2018.

  1. mdgator05

    mdgator05 Premium Member

    6,484
    378
    478
    Dec 9, 2010
    And only China offered that? (rhetorical) They chose to go there despite the availability of cheap manufacturing in many countries. The interesting part of your response is that you described their moves as short-sighted while your perspective itself was myopic.
     
  2. gatorpa

    gatorpa GC Hall of Fame

    5,932
    38
    123
    Sep 5, 2010
    East Coast of FL
    How has the recent stock market correction changed your day to day life...…?
    How did the big run up change your life?

    Unless you are a day trader I doubt its made one bit of difference. And if you are a day trader you should be making more money with the VIX bouncing all over....
     
  3. gatorpa

    gatorpa GC Hall of Fame

    5,932
    38
    123
    Sep 5, 2010
    East Coast of FL
    Its more fun to play arm chair QB and pick apart the process.
     
  4. citygator

    citygator Premium Member

    2,131
    433
    493
    Apr 3, 2007
    Charlotte
    • Informative Informative x 1
  5. fastsix

    fastsix Premium Member

    6,622
    514
    833
    Apr 11, 2007
    Seattle
    To some degree more or less money doesn't change my day to day life, what it mostly changes is my future. We save money so that our future, and our family's future, is secure. Of course not everybody is in that position. For some people losing money in the stock market affects them right now. Maybe they can't buy the house they were planning to, maybe they can't afford to get mom the 24 hour nursing she now needs, maybe they can't buy their in-laws the new car they need, maybe they can't afford to send their kids to UF, etc., etc., etc. You know, those things along with all the other things, money allows a person to do.

    Is this really where defending trump has led "conservatives"? Money no longer matters? No wonder you guys are so obsessed with socialists. Maybe this should be the new slogan of the Republican party:

    "From each according to his ability, to each according to his needs"
     
    • Winner Winner x 2
  6. danmann65

    danmann65 GC Legend

    669
    139
    288
    May 22, 2015
    It wasnt China I was calling short sighted but American business. They were more interested in cheaper labor than in protecting their intellectual property.
     
    • Winner Winner x 2
  7. NavyGator93

    NavyGator93 All American

    466
    178
    378
    Dec 4, 2015
    Georgia
    Crazy isn't it. The blind allegiance is incredible.
    Stock market reeling, NRA/Russian partnership, farmers going bankrupt.....
    Trumpsters can spin anything for dear leader.
     
  8. mdgator05

    mdgator05 Premium Member

    6,484
    378
    478
    Dec 9, 2010
    I realize that is what you are saying. So then why not do both? Is the world only composed of China and the US? China's labor isn't even all that cheap compared to many other countries.

    You can get cheaper labor in India, Vietnam, Indonesia, and Philippines.

    Hourly manufacturing labor costs for select countries 2002-2019 | Statistic
     
    Last edited: Dec 27, 2018
  9. danmann65

    danmann65 GC Legend

    669
    139
    288
    May 22, 2015
    It was very cheap at the time. The government was willing to build the factories and train the employees. It was a very good deal for many businesses.
     
  10. mdgator05

    mdgator05 Premium Member

    6,484
    378
    478
    Dec 9, 2010
    So despite being more expensive in labor, the Chinese provided more in incentives to gain manufacturing and worked out an arrangement with the companies in which both sides voluntarily agreed to the terms of the agreements? Again, if it was a good deal, and I will buy that, then why are we trying to hurt our businesses by discouraging good deals?
     
  11. danmann65

    danmann65 GC Legend

    669
    139
    288
    May 22, 2015
    The intellectual property theft wasnt part of the deal. They licensed it to China to use it only for manufacturing their product. The stupidity was on the American business side. I had almost as many business men tell me that their patents were locked up tight as I did business men who slept with a good girl in China who wasnt part of the negotiation. (They all were prostitutes and video was taken)
     
    Last edited: Jan 6, 2019
  12. gatorpa

    gatorpa GC Hall of Fame

    5,932
    38
    123
    Sep 5, 2010
    East Coast of FL
    Not defending looking at the market with perspective of a few years, the sky isn't falling yet chicken littles.
    Even when the sky did sort of fall in 08, we came right back, short term movements are just hype for the media. My point still rings true, the majority of Americans day to day life isn't affected by market movements unless they are day traders. Certainly long term goals, want and desires may be affected if they have large capital losses.
     
  13. BLING

    BLING GC Hall of Fame

    3,146
    225
    323
    Apr 16, 2007
    Really? Tell that to the people that lost their homes. I'd say 2008-2009 impacted alot of people, esp retirees who may have had their retirement lifestyle permanently worsened if they "got out" but didn't get back in with their 401K's/IRA's. Its' generally not recommended for older people to be heavily invested in stocks anyway, but these people would be doubly timid if they had just experienced a market wipeout that cut their assets in half.

    Nearly 6 in 10 workers are still recovering after the Great Recession

    We aren't nearly at a collapse scenario with this market yet, but 20% isn't helping anybody. The farm issue isnt' helping anybody... except Brazilian farmers. Obviously 2008 was more than just the stock market. That was an all out crash. It was a wave of foreclosures and people getting wiped out in real estate, and a near banking collapse due to that collapsing RE bubble. The stock market was merely a symptom of the problem. It was actually an epic buying opportunity for people who had faith in the U.S, buying companies like Starbucks and Amazon and Google that had absolutely nothing to do with real estate bubbles... hell even Bank of America was a 5 bagger. Can't say the same about this, because it's all self-inflicted bad policy. It's only a buying opportunity again when dumb policy ends.
     
    • Agree Agree x 1
  14. VAg8r1

    VAg8r1 GC Hall of Fame

    6,592
    252
    433
    Apr 8, 2007
  15. BLING

    BLING GC Hall of Fame

    3,146
    225
    323
    Apr 16, 2007
    Good. They voted for him so really they should feel the pain. It's rediculous we have to subsidize what was a previously successful export biz.

    To be fair to the farmers, alot of them said they'd rather keep producing than take govt handouts. But I'll bet nobody says no to those handouts when they start coming. At the very least, if the farmers start feeling Trump caused pain that will just put that much more pressure on Trump, or for Congress to just ignore Trump (veto override).
     
  16. fastsix

    fastsix Premium Member

    6,622
    514
    833
    Apr 11, 2007
    Seattle
    Essentially they get to lose their livelihood to help make America great again. Seems like a fair trade if you're buying what trump is selling.

    Unfortunately not every farmer voted for trump, much less continue to believe that voting for him was a smart thing to have done.
     
  17. gatorknights

    gatorknights GC Hall of Fame

    21,922
    1,110
    983
    Apr 8, 2007
    Gainesville, FL
    When those in the farm belt who voted for donnie because they didn't know what he was finally figures it out, they will be p*ssed.
     
    • Agree Agree x 1
  18. VAg8r1

    VAg8r1 GC Hall of Fame

    6,592
    252
    433
    Apr 8, 2007
    Said it before, Donnie managed to flip educated suburban women from the Republican Party to the Democrats and he could very well do the same with farm state voters.
     
    • Agree Agree x 2
  19. NavyGator93

    NavyGator93 All American

    466
    178
    378
    Dec 4, 2015
    Georgia
    There have been numerous studies on stock market swings and the Wealth Effect. We have a consumer driven economy, Joe Investor spends less when the market is struggling. This shouldn't be a surprise.

    How does the performance of the stock market affect individual businesses?

    "Basically, consumers spend more during bull markets because they feel wealthier when they see their portfolios rise in value. During bear markets, they pull back on spending, fearing the loss of wealth and purchasing power as the value of their investments contracts.


    A rising stock market signals investor confidence, as buying activity pushes up prices. When stocks rise, people invested in the equity markets gain wealth. Increased wealth often leads to increased spending, as consumers buy more goods and services when they're confident they are in a financial position to do so. When consumers buy more, businesses that sell those goods and services benefit in the form of increased revenues.


    Stock market losses cause wealth erosion. A consumer who sees his portfolio drop in value is likely to spend less. This reduction in spending negatively affects businesses – particularly ones that sell non-necessity goods and services, such as luxury cars and entertainment, that customers can live without when money is tight."
     
  20. Gatorrick22

    Gatorrick22 GC Hall of Fame

    62,807
    9,777
    2,373
    Apr 3, 2007
    We need to stop growing them ans see what the Chinese do. Brazil cannot grow enough to make up the difference.