There is zero chance that things are getting better in a few months. trump has kicked the destruction can down the road by 3 months, but it is still happening. There will be several more years of that, and then decades to repair the damage. We will be paying the price for trump for the rest of our lives.
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Was it strategy or the bond market crashing
- Thread starter Jarod
- Start date
I think you are beginning to understand. trump did not put the effort into making a real plan for reciprocal tariffs, and instead is just doing random tariffs based on somewhat random numbers.I like it when words mean things. Reciprocal tariffs should reciprocate tariffs not utilize some modified math that charges a massive tariff on a nation that doesn't tariff our products at all because they sell more stuff to us than they purchase from us. That isn't reciprocal tariffs, it is something different.
It appears trump took some random numbers and decided on tariff rates. More exactly, he took the bi-lateral trade deficit as a percentage of bi-lateral trade, and halved it, and if that was below 10%, making it 10%. It has nothing to do with reciprocating tariffs. The Economist described it accurately as "almost as random as taxing you on the number of vowels in your name."
trump has no plan. he is just doing random things hoping they work.
trump gave the Chinese a few hours late at night to come up with a deal... They just do not work that fast. Never make threats to get something that the other side cannot provide. The other side will just stop dealing with you.he expected the Chinese to beg for a deal.
2013 happened because the German central bankers ordered the Cypriot banks to sell all their gold without thinking of what that would do to the market. It was the opposite of knowing manipulation. The problem was that Germans were not willing to compromise. The reason the Germans went to Cyprus, and the French went to Luxembourg is because Luxembourg uses French as their language of business, while Cyprus being a former English colony uses English as their language of business.Because it has been manipulated.
I used to make fun of the Luxembourgers for using French as their language of business, and German as their language of culture. It was about as opposite of what you would expect as you can get. But, it turns out it worked well for them.
There is not enough gold to backup the world economy, so gold will continue to go up and down erratically.but it looks like the new global economic system will be backed by gold....gold is an almost certain good idea for the foreseeable future.