chop2chip
Well-known member
[TW] 1907572340596305920[/TW]
Economics Thread
- Thread starter sturg33
- Start date
[TW] 1907572340596305920[/TW]
acesfull86
Well-known member
Could provide a runway for pro-market D’s to fill the leadership void in that mess of a party, rather than Bernie/AOC types. Should be interesting to follow. Although it’s D, so my expectations are low.
sturg33
I
I fear that Obama gave us Trump, and Trump will give us AOC
zitothebrave
Connoisseur of Minors
Hmmm, why is trump letting one of the countries we have a MASSIVE trade deficit get away with devaluing their currency and operate as a loss.
We import 3 billion and export only 500M. So they are charging us an effective tariff of 83.3% and we should be tariffing them back at 41.7% but for some reason we aren't doing. I can't figure it out.
We import 3 billion and export only 500M. So they are charging us an effective tariff of 83.3% and we should be tariffing them back at 41.7% but for some reason we aren't doing. I can't figure it out.
zitothebrave
Connoisseur of Minors
Half an hour before we get to watch our retirement accounts get kicked in the nuts! God's Country, LET'S RIDE
chop2chip
Well-known member
Market opened already at 9:30 and our nuts are indeed kicked.
My personal portfolio is down almost 8% today.
I’m tired of winning.
acesfull86
Well-known member
I give you credit for having the courage to look
chop2chip
Well-known member
This is a well-articulated explanation of the tariff situation, presented by a channel that aims to clarify what Bessemer and Miran hope to achieve.
The core theory suggests that yesterday’s announcement was intended to create temporary chaos as a negotiation tactic. The idea is that since other countries rely on access to the U.S. market and its military protection, they will agree to peg their currencies to the dollar. In this arrangement, if the dollar becomes too strong, they would agree to appreciate their own currencies in exchange for tariff reductions. However, the risk is that if other countries refuse to participate—due to distrust or their own economic interests—the U.S. could ultimately jeopardize the dollar’s status as the global reserve currency.
Ultimately, I think it’s wishful thinking to assume other countries would ever agree to surrender influence over the value of their own currency. It’s more likely you’d see a realignment of international trade similar to what we saw earlier this week with Japan, Korea and China.
The core theory suggests that yesterday’s announcement was intended to create temporary chaos as a negotiation tactic. The idea is that since other countries rely on access to the U.S. market and its military protection, they will agree to peg their currencies to the dollar. In this arrangement, if the dollar becomes too strong, they would agree to appreciate their own currencies in exchange for tariff reductions. However, the risk is that if other countries refuse to participate—due to distrust or their own economic interests—the U.S. could ultimately jeopardize the dollar’s status as the global reserve currency.
Ultimately, I think it’s wishful thinking to assume other countries would ever agree to surrender influence over the value of their own currency. It’s more likely you’d see a realignment of international trade similar to what we saw earlier this week with Japan, Korea and China.
nsacpi
Expects Yuge Games
Test