Home |
Search |
Today's Posts |
|
Woodworking (rec.woodworking) Discussion forum covering all aspects of working with wood. All levels of expertise are encouraged to particiapte. |
Reply |
|
LinkBack | Thread Tools | Display Modes |
#1
Posted to rec.woodworking
|
|||
|
|||
Grizzly Prices
Markem writes:
On Tue, 25 Sep 2018 15:45:10 -0500, Unquestionably Confused wrote: If Grizzly only wanted to maintain their status quo they would sell existing stock at cost plus markup % and leave the tariff out of it. But by letting the customer know the price increase is due to Trump's tariffs, they pass the buck to the customer and the blame on Trump. Well, it is his fault after all. Gotta pay for those foolish tax cuts somehow, after all. Might as well soak the consumer so we don't have to tax the rich. |
#2
Posted to rec.woodworking
|
|||
|
|||
Grizzly Prices
On 9/26/18 8:33 AM, Scott Lurndal wrote:
Markem writes: On Tue, 25 Sep 2018 15:45:10 -0500, Unquestionably Confused wrote: If Grizzly only wanted to maintain their status quo they would sell existing stock at cost plus markup % and leave the tariff out of it. But by letting the customer know the price increase is due to Trump's tariffs, they pass the buck to the customer and the blame on Trump. Well, it is his fault after all. Gotta pay for those foolish tax cuts somehow, after all. Might as well soak the consumer so we don't have to tax the rich. Those same consumers who's confidence is at a near record high? Like I said, it had to be done. The Chinese were and still are playing the game at a huge (yuuuuge) unfair advantage. But American consumers don't care as long as they can buy their $7.99 lawn chairs and other crap that would be impossible to manufacture that cheap without near-slave wages absolutely no environmental regulations. In the big picture, you see European nations starting to drop their tariffs on our exports. If it's allowed to be played out, it will be much, much better for our economy and workers in the long run. -- -MIKE- "Playing is not something I do at night, it's my function in life" --Elvin Jones (1927-2004) -- www.mikedrums.com |
#3
Posted to rec.woodworking
|
|||
|
|||
Grizzly Prices
On Wednesday, September 26, 2018 at 10:54:02 AM UTC-4, -MIKE- wrote:
On 9/26/18 8:33 AM, Scott Lurndal wrote: Markem writes: On Tue, 25 Sep 2018 15:45:10 -0500, Unquestionably Confused wrote: If Grizzly only wanted to maintain their status quo they would sell existing stock at cost plus markup % and leave the tariff out of it. But by letting the customer know the price increase is due to Trump's tariffs, they pass the buck to the customer and the blame on Trump. Well, it is his fault after all. Gotta pay for those foolish tax cuts somehow, after all. Might as well soak the consumer so we don't have to tax the rich. Those same consumers who's confidence is at a near record high? Like I said, it had to be done. The Chinese were and still are playing the game at a huge (yuuuuge) unfair advantage. But American consumers don't care as long as they can buy their $7.99 lawn chairs and other crap that would be impossible to manufacture that cheap without near-slave wages absolutely no environmental regulations. In the big picture, you see European nations starting to drop their tariffs on our exports. If it's allowed to be played out, it will be much, much better for our economy and workers in the long run. Unless we are experiencing a feedback loop where bull markets feed consumer confidence which keeps the bull running which increases consumer confidence which keeps the bull running, etc. etc. Shiller's "Irrational Exuberance" phrase comes to mind. Former Fed Chair Greenspan used it in a speech to describe the dot com bubble in 1996, a few years before the bubble burst. Earnings spiked with the tax cuts early this year, so P/E's aren't out of line - yet. Let's hope this tariff game plays out before the market is so overvalued that it all comes crashing down. |
#4
Posted to rec.woodworking
|
|||
|
|||
Grizzly Prices
On Wed, 26 Sep 2018 11:28:46 -0700 (PDT), DerbyDad03
wrote: On Wednesday, September 26, 2018 at 10:54:02 AM UTC-4, -MIKE- wrote: On 9/26/18 8:33 AM, Scott Lurndal wrote: Markem writes: On Tue, 25 Sep 2018 15:45:10 -0500, Unquestionably Confused wrote: If Grizzly only wanted to maintain their status quo they would sell existing stock at cost plus markup % and leave the tariff out of it. But by letting the customer know the price increase is due to Trump's tariffs, they pass the buck to the customer and the blame on Trump. Well, it is his fault after all. Gotta pay for those foolish tax cuts somehow, after all. Might as well soak the consumer so we don't have to tax the rich. Those same consumers who's confidence is at a near record high? Like I said, it had to be done. The Chinese were and still are playing the game at a huge (yuuuuge) unfair advantage. But American consumers don't care as long as they can buy their $7.99 lawn chairs and other crap that would be impossible to manufacture that cheap without near-slave wages absolutely no environmental regulations. In the big picture, you see European nations starting to drop their tariffs on our exports. If it's allowed to be played out, it will be much, much better for our economy and workers in the long run. Unless we are experiencing a feedback loop where bull markets feed consumer confidence which keeps the bull running which increases consumer confidence which keeps the bull running, etc. etc. Yes, positive feedback always has its risks. Shiller's "Irrational Exuberance" phrase comes to mind. Former Fed Chair Greenspan used it in a speech to describe the dot com bubble in 1996, a few years before the bubble burst. ....and so did GWB, before the housing collapse, in fact. It didn't take a genius to see what was coming. People buying houses they have no business buying and using their houses as ATMs can't end well. Earnings spiked with the tax cuts early this year, so P/E's aren't out of line - yet. Let's hope this tariff game plays out before the market is so overvalued that it all comes crashing down. OTOH, perhaps tariffs will be a better brake on the economy than the Fed could dream of being. ...to long-term gain, as well. |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Grizzly DRO on Grizzly square column mill/drill | Metalworking | |||
Why did Grizzly raise their prices? | Woodworking | |||
Why did Grizzly raise their prices? OT | Woodworking | |||
Now it is Grizzly VS. Delta was...Grizzly G0444Z Question--no reply from Grizzly | Woodworking | |||
Grizzly G0444Z Question--no reply from Grizzly | Woodworking |