Nonsense.
A jpg created with no compression and no smoothing has only trivial loss,
Funny. You call it nonsense, then admit that there is indeed some loss with JPG files.
When utilized properly, TIFFs are a lossless file format with no data compression whatsoever. This means the file sizes are quite large. All JPGs are compressed files... regardless of how "trivial" the loss is, there is loss. There is no such thing as an uncompressed JPG. Of course, the amount of compression (or loss) is adjustable, but no matter what when PSD, AI or CDR file is saved as a JPG, pixel information is averaged based on the JPG compression algorithm, thus, lost.
Fred, stock photography sites use high quality JPGs because of size limitiations. If file size was not a factor, photographs could remain in a raw format or converted to a lossless format such as a TIFF. The problem is, Fred, when you download a stock JPG, you are already dealing with a compressed image. When you use it in your PSD layout and then save it as a JPG, you are further compressing an already compressed image.
On a side note, you're right about PDFs Bob... but like PDFs, TIFFs are just containers too. The TIFF format has the ability to hold compressed JPG data, vector data, layers, etc. Anyone who knows even the basics of preproduction knows how to configure PDF settings to ensure their files are top quality with no compression. TIFFs can also be used as a lossless file format for flattened images... and that is primarily what we print.
So, given the choice, why would you save your PSDs as a JPG and print from less than perfect files when you can just as easily and quickly save as a TIFF? Why on Earth would you save your vector files as JPGS and lose those beautiful crisp lines that vectors produce when you can save as a TIFF and maintain that pure clarity?