Trump is making America great again, one middle finger at a time. After the close it was announced the President approved a crippling 30% tariff on solar wares entering the country — all but fucking the entire industry that is dependent upon cheap as shit Chinese panels. This, of course, will serve as a great and wonderful boon to American manufacturers, something most Wall Streeters and fuckhead bloggers couldn’t care less about.
Here’s Bloomberg describing protecting American jobs as a negative, especially for assholes who import shitty Chinese panels.
The U.S. will impose duties of as much as 30 percent on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply. Just the mere threat of tariffs has shaken solar developers in recent months, with some hoarding panels and others stalling projects in anticipation of higher costs. The Solar Energy Industries Association has projected tens of thousands of job losses in a sector that employed 260,000.
The tariffs are just the latest action Trump has taken that undermine the economics of renewable energy. The administration has already decided to pull the U.S. out of the international Paris climate agreement, rolled back Obama-era regulations on power plant-emissions and passed sweeping tax reforms that constrained financing for solar and wind. The import taxes, however, will prove to be the most targeted strike on the industry yet.
“Developers may have to walk away from their projects,” said Hugh Bromley, a New York-based analyst at Bloomberg New Energy Finance. “Some rooftop solar companies may have to pull out” of some states.
Fuck renewable energy; we’re gonna dig for bricks of coal. Also, we’re gonna frack the shit out of America’s virgin lands until the drinking water combusts.
Here’s how the solar industry shakes out, so you can get a better idea of who will get fucked most.
After hour’s trading in solar is a mixed bag, with ‘Merican companies ripping higher and the Chinese slumping into shallow graves.
DQ -9%
SUNW +13%
RUN +6%
RGSE +30%
JASO -2%
FSLR +6%
VSLR +11%
Anything to make Elon ‘taxpayer subsidy whore’ Musky happy.
I have my choice of 100% renewable electricity, mainly water and wind. Solar is a drop in the bucket, unless of course we don’t count the city’s flashing school signals with solar panels. Thousands of windmills killing birds in the name of ALGORE just so I can brag at parties that I’m 100% green renewable.
“I can brag at parties that I’m 100% green renewable.”
At respectable parties, that kind of talk would getcha a good ass woopin.
Tariffs are stupid. I wouldn’t buy solar either way. You aren’t saving shit unless you plan on being in that location for years or you are very gun-ho to get off the grid and support yourself. I wouldn’t buy a Tesla either.. I could drive 1000 beaters until I was 99.5 before I’d break even on some crap ass Tesla.
CA is installing solar in schools and BART parking lots left and right. Hasn’t lowered any bills that a consumer sees. Lord knows what they do with whatever it is they are getting from that setup. This is probably great for government contracts. They’ll just buy higher priced panels and pass it off to the taxpayers.
I want to know if Fly is still reading those crypto-whitepapers? Been reading this blog since 2009. Never a good idea to demand but I really do demand to know.
Yes, still reading.
What do you think of masternode coins? Which are your favorites? I had a VC approach me looking for a deal to buy some off-exchange and explained they have a masternode strategy.
“This is probably great for government contracts. ”
Thumbs up for this.
Same reason that “fiscal conservatives'” answer to the ideal size of the US military budget is 20% bigger than whatever it happens to be when the question is asked.
Congressman: “I support the troops”
Translation: “I support the government contractors that lobby me.”
Next up is Steel
Me thinks Trump has it out for ole Elon Musk
I’m sure Trump meant well but international trade is complicated, and Trump is an idiot.
TD Ameritrade now offering 24 hour trading in popular ETFs. Shitcoins now have competition from gold traders 24 hours a day (5 days a week?). How excellent. This should be good for my “pet rock” holdings while millennial crypto fags get their shit kicked in.
I mean, 24 hour trading competition from Joe $GLD buyer who wouldn’t dare buy a futures contract.
Not enough hours in the day for the orange clown to say fuck you to everyone. So up steps Pence in Israel to say fuck you to the Palestinians. Pence sported some serious rapture wood as he watched how efficiently security removed the unchosen from the knesset. https://www.zerohedge.com/news/2018-01-22/watch-brawl-erupts-during-vp-pences-speech-israels-knesset
…and once outside, they’ll get the standard and traditional Israeli white phosphorus treatment
https://tinyurl.com/ya4cp9oj
but hey, Pence said it, “America stands with Israel”,
no human atrocities happening in Gaza whatsoever. Everything is kosher.
If Trump’s intention is to blow up the solar sector, I suppose this could do it. Interesting collateral effects, though.
Trump relentlessly pushes his political ideology and markets his brand to his working class and underclass base. His actions appeal and satisfy this base, yet those actions are actually harmful to them. So far they don’t appear to realize this. He’s playing them for the fools they are.
You know, in an idealized world inflation would lift all boats and nobody would feel any pain.
The same could be said when companies are impaired from arbitrage of labor and manufacturing cost internationally. In both cases cost, price and wage components should rise together and life should go on fine in the USA. In both cases real-world has shown this does not happen.
Trump’s working class base will not take kindly to working for Chinese or Mexican wages. Nor will they pay up for goods and services in order to earn higher wages for themselves.
I hate to be mean, but Trump’s underclass base, and much of his working class base is not capable of making America great again.
The guy who got laid off from the plant is not going to be writing code next month. He won’t work for immigrant wages unless he is starving. Pay up for things? Nope. Hasn’t happened yet in this demo. Oddly, this demo fears immigrants who are willing to work for low wages, yet they want higher wages for themselves and continued low prices for goods.
My rant aside, Trump has a gift for marketing to an audience. Really amazing how good he is at it. A marketing, image savvy celebrity got elected president. Good for him.
“Oddly, this demo fears immigrants who are willing to work for low wages, yet they want higher wages for themselves and continued low prices for goods.”
For low-educated workers (ie, Trump’s base), the negative income effect is likely greater (IMHO) than the benefit of lower prices. Many studies that come to the conlcusion that immigarion supports wages are flawed. For example, some look at the effect of wages in general (as opposed to wages of those without a HS degree). Other look at earnings for wokers *with a job* and ignore the fact that low-skilled immgrants cause job loss among low-skilled native workers.
The point is, I don’t think that anyone can definitely state that low-skilled native-born workers do not have an econmic reason to be agaisnt immigration. Democrats have lost a lot of votes because they don’t honestly consider the effects of low-skilled immigration on thess low-skilled workers.
Now of course, the Republican’s **non-immigration** economic polices are very harmful to Trump’s working class base.
Off Topic for JakeGint:
Good as gold @ 40 = TB12 (no Eli Manning Haha!)
How bout those gmen?
Well, nothing but good vibes from me to Jake Gint and other interesting bloggers who have contributed here over the years.
Now I know where I saw that picture, it was when our very smart president was staring at the eclipse.
Wall Street wins again:
https://www.cnbc.com/2017/10/23/saudi-aramco-public-offering-is-on-track-for-2018-ceo-amin-nasser.html