Oh okay. I just keep seeing your posts with gains of anywhere from 100k to 300k. The German sub is way too poor for that kind of thing.

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Before you do that. You might want to set up a time for the pool guy to come over and clean the pool again after you jump in. im sure it will make some kind of mess.

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r/wallstreetbets buying VOO? What kind of twisted shit is that?

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Recently heard in an interview that China has more automotive production capacity than total world demand for vehicles, and that they are continuing to bring new production online. They have very focused industrial policy and a ton of direct government support for manufacturers. It seems like running other countries' car industries out of business might be a goal that the Chinese government are putting real resources behind. That's on top of real advantages in manufacturing that have been compounding for decades as western countries outsourced all of their manufacturing to China. They might well be winning this competition even if their government wasn't putting its finger on the scale. American car manufacturing, like all the other major industries, is just run to make the capital class as much money as possible. Most of it was outsourced a long time ago to make these people more money. There's no long term strategy there. American leadership keeps Chinese competition out, and bails out US car companies when they screw up, because they realize that losing all advanced / vehicle manufacturing puts the US in a very weak position, but beyond that we don't have the sort of focused industrial policy and ability to pursue long term goals that the Chinese system has. It feels like a reflection of our different political and economic systems more than it's about these specific manufacturers getting soft. Government support and protection for US car companies can feel odious because it ultimately just lines the pockets of rich people and kicks the can down the road. It sucks for US consumers in the short term that we cant buy cheap EVs, most of us are poor and getting poorer. I think you can make a case that in the long term this kind of protection of US industries makes some sort of sense.

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Yeah I kept seeing your annoying spammy posts while in the thread and commented a handful of times over a week ago. Meanwhile you dug through my posts. Kind of proving my point lol

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I block that kind of thing. 

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Hes just shit talking, he's been doing these kind of vague ass threats since the start of the war. Dont you remember his lovely "an entire civilization will end tonight" Easter shitpost right before the extended ceasefire?

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What kind of regard hunger games is this? Playing on both sides? Why don't you pick a side and lose like rest of us?

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I'm fully expecting Bessent to make an announcement about a bond intervention and some kind of deficit action tomorrow, after the BOJ

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Yes and no. Tldr: American automakers have to put an effort to compete and catch up during the time when protectionism exists. Germany is doing the same thing. I can explain it in the case of South Korea protectionism. They had extremely high tariffs for most foreign goods. They spent decades to catch up to Japanese companies and they even copied Japanese international marketing strategy from the 90-2000s. Now China is doing the same... But obviously countries are scared and trying to limit their influence. 20 years ago I remember a dealership in Seoul was selling imported vehicles 1.5-2.5x the cost of American sticker price. It wasn't even just cars too. My aunt would buy electronics in the USA and bring them to South Korea cause it was way cheaper than purchasing it in South Korea. Even LG and Samsung products... Now... South Korea has lessened the tariff burden of imports but they are a country that used protectism policy to ensure that Korean manufacturers had some level of financial security. Even as a Korean american I wouldn't buy a Korean car 2 decades ago. Korea focused on developing reliable cars and their flagship cars were the sonata, elantra and Santa Cruz. Their marketing scheme was similar to the Japanese focusing on reliabliablity (10 year warranty) with newer electronic features being standard on lower models. Next was improving fuel efficiency. This is how Hyundai and Kia got to what they are today. Hyundai is now trying to enter the ev market and improve their luxury brand. Present gm and Ford are kind of stuck in the mud now. They are just constantly behind and are just planning enough to reach annual goals. They don't have the capital to make decisive and risky decisions looking 4-5 years ahead. After they got bailed out I remember gm and Ford focused on their flagship cars and discontinued unprofitable cars and brands. They also focused on reliabliablity. Then they invested into fuel efficiency but right when this happened Tesla exploded and now we have the EV craze. Every automobile company is scared of Chinese EV. The margins and logistics Chinese auto manufacturers have developed is next level.

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