I think this occurred during covid too…companies stopped providing guidance for one quarter
CarMax, the car dealership chain, said on Thursday it could no longer provide “timeframes” for its business goals because of economic uncertainty. “We are focused on growing the business, and we continue to make progress toward our long-term goals. However, we are removing the timeframes associated with them given the potential impact of broader macro factors,” the company said. Analysts expect that the 25 percent tariffs on imported cars that went into effect last week is likely to raise car prices, lower sales and cause other disruptions to the auto industry.
I don’t think even Apple can provide guidance. Does even Tim Cook know how much the price of iPhones will be in 2 weeks?
Last time I bought a MacBook, Apple shipped the thing directly from China. A high end MacBook Pro retails for $5k. So assuming it cost Apple 3k to make that machine, it will cost Apple over 7k after tariff. How much will Apple sell that machine for? 10k? No one will buy. Sales will go to zero.
We will go to recession for sure. And it’s because of one crazy man.
Xi is having a tour in SE Asia next week. He will visit Vietnam.
Got the sense Chinese people are mad at the US and are ready to eat bitterness to beat Trump. Trump has no cards. Theoretically US the customer side has an upper hand on China the supplier side. But Trump played his cards so poorly he is just one or two more bond scares away from folding. Xi is waiting for the high prices to hit American consumers.
Trump is like a teenage girl. She won’t call first.
Now she is explicitly telling you to call her. She desperately wants the call.
Except Trump is not a teenage girl. He is the president of the biggest economy in the world. He is ruining the lives of millions to play these stupid games.
