US Economy - News, Updates and Discussion

AZADPAKISTAN2009 said:
European Union
European Union will be responding to Trump's Tariff's soon

Common Wealth Nations
1- Canada of course is responding

2- UK of course will be imposing their own Tariff response as they are no longer part of European Union

3- Australia will be announcing their own response

For Many Nations Tariff's don't Impact much

Example:
  • People can still buy Car from Japan at low cost
    • Lexus
    • Nissan
    • Honda
    • Mitsubishi
  • People can still buy Car from Korea at low cost
    • Kia
    • Hyundai
  • People can still buy car from Europe
    • Fiat
    • BMW
    • Audi
  • People can still buy Oil from Canada now at low cost
  • People can still buy Lumber/wood from Canada at low cost
  • Lot of great fish and Lobsters
  • Chinese Goods can reach Canada at same discounted rate
  • Canadian/China trade will have to be readjusted a bit
  • European Union will open to China a bit more
  • There is already talk of Russia to be brought back from Sanction
  • Important Playstation 5 will be imported from Japan no change
  • Will the EPL Football game ticket rise ? Not really world will keep watching it as before
  • French Wine will be used more then US wine


What is really something you use from USA ? That is critical

  • Apple iPhone , well you can now buy Samsung all same features
  • IBM computers, you can now buy Chinese Laptop cheaper
  • Netflix ?????? Hmmm ok may be but people have been cancelling
  • Tesla ??????? Unfortunate victim
  • Starlink????? Unfortunate victim , pretty much finished now
  • Cornflakes????? you can just eat Eggs and bread
  • Amazon ??? Well , you can use Shopify (Canadian company) or Ali Baba, Alibaba owns 70% of Asian Market already
  • Hollywood movies , Disney etc they are great but not critical
    • If Hollywood fails 100% you still have 20,000 movies catalog to watch from 1900 to present and not forgetting Movies from Hong Kong/India/Europe
  • May be some Medical surgery and imaging stuff is unique yes I agree or may be some medicine


When people will sit down and really evaluate things they will realize there is already an alternative product available without any Tariff in market


France-UK-Canada-Germany , China even Russia have alternative products available to fill the void


Note:
I do not dislike American good I am just providing commentary on Actions done by Trump, as a bipartisan observer, I have used many American goods in past
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This idea of using tariffs as 'leverage' only works if the other parties back down, kiss your feet, and agree to whatever terms you impose on them. It is the tactic of the bully, which is why bully Trump loves it.
Unfortunately it doesn't work if the other parties refuse to back down and agree to whatever you want, and instead hit back with their own tariffs and find new trade partners.
That's what's happening. America is heading for a Recession!!!
 
Fundamentally, the losing is place in the world and has been for a long time EVEN THOUGH the U.S continues to be the richest country in the world

U.S manufacturing represents about 10% of world input, from a high of about 25% of world input post WW2

U.S switched to service and tech wealth, which whilst lucrative doesn't provide the same amount of jobs to the average U.S goober

So the U.S was losing its place in the world, and if the Chinese and others took large enough share of manufacturing then their was NO REASON the world had to stick with the dollar as a reserve currency or defer to the U.S



So this at the moment is the idiotic MAGA attempt to fix the above, the U.D wants another Bretton or Plaza accords with the world

Bretton accords set up the current world order with the U.S as it's leader and security guaranter


The plaza accords gave power back to the U.S in the 80s when Japan and Europe threatened to overtake and price out the U.S in manufacturing due to currency valuation



The MAGA dum USA wants to push the world in this tarrif chaos, and then "MAKE A DEAL" like Bretton woods, like the Plazza accords where other countries make a DEAL to promise to continue using the dollar as reserve country,
Continue to allow the U.S to provide security for the world
PAY for that security
And have a controlled world economy with investment and manufacturing bought back to the U.S

What the MAGA-USA wants is VASSAL STATES,


And with the U.S so blood soaked, controlled by those Jew bastards, so erratic and delusional at the moment, NO ONE is going to agree to these deals or accords, because YOU CANT TRUST THE USA

SO this was absolutely the worst way to bring economic change, it's like leaving Freddy Kruger babysitting your kids

Or putting maga-dums in charge of your country



The maga-dums U.S public have a lot to answer for
 
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1828

1930

2025

The first two caused depression.

The last one will totally make USA super rich.

Hahaha
 
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Trump is making dollar useless.
Why settle trade in dollars when you are not trading with America. Settle in currency swap agreements and avoid having to buy and stockpile dollars or American debt!
 
Jerome Powell says inflation will rise in the coming months.

To be honest, in my opinion, this surge will be far worse than the previous inflation under Trump first term when he raised tariffs on China for the first time.

Back then, it was just China.

Now, Trump is increasing tariffs on China again, plus, he’s also targeting all U.S. trading partners.
 
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Atleast 4 years of chaos to look forward to, buy gold your make a tidy sum.
 
Dalit said:
Gold is indeed the best investment, but look at the price going through the roof.
Click to expand...

I bought some gold in 2012.....regret not buying more. Was around £33/gram back then (24 karat).....nearly 80 now!

Could reach around 100 by the time this trade war settles down. Trump will probably back down at some point.
 
AZ_HighCountry said:
Let's see.....who was it that was in charge at that time? Oh yeah, that's right. The Dream Team.
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DJI on 1/20/2021: 31,186
DJI on 1/21/2025: 44,025
Gain during Biden: About 13,000

We should expect at least 57,000 by 1/20/2029 to equal this (approximate, since not proportional)
 
EugeneP said:
DJI on 1/20/2021: 31,186
DJI on 1/21/2025: 44,025
Gain during Biden: About 13,000

We should expect at least 57,000 by 1/20/2029 to equal this (approximate, since not proportional)
Click to expand...
This is true, yet, we must not overlook the dip(s) in between:

1743826534925.png

Above pulled from Yahoo Finance.

So to your point, I'm not going to get jacked up.
 
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