aquascoot wrote on Nov 11^th, 2024 at 5:04am:


This is more than a simple vibe; it's a consequential action-reaction chain.

In the short term, markets may remain stable. But if markets are all you’re focused on, you've only reinforced the arguments of those who criticise such narrow priorities.

Trump, driven by his indebtedness to donors, cares foremost about market optics. It's the indicator he kept pointing to throughout his whole first term, even as things were down the drain thanks to COVID.  He doesn't really care about the actual situation on the ground for his MAGA faithful.  Yet, those who elected him hoped for relief from rising living costs and economic strain.

Attempting to appease markets while executing his voter-driven agenda will ultimately come at the people's expense. The cost of living will only worsen, particularly for the very demographics that form the backbone of Trump's support. This is not what they voted for, they didn’t vote for inflated prices on goods with imported components, which includes almost everything from electronics to essentials.

They didn't vote for tax cuts for the rich and corporations, only to have to pay for it themselves via tariffs.

It’s time to stop downplaying the risks of Trump’s reckless economic plan. The simplistic assertion that "China will pay the tariffs" is unfounded; they won’t. And the idea that "tariffs will bring back manufacturing" ignores the immediate cost burdens this imposes. Reviving manufacturing through tariffs alone, without first rebuilding the domestic industry, will only make goods exorbitantly expensive. The smarter approach would involve rebuilding local manufacturing first, then protecting it with tariffs as it matures and modernises—thereby gradually enhancing efficiency and reducing the need for protectionism.

Trump’s plans have far-reaching consequences, some of which will inevitably affect us here in Australia. As our Treasury Department examines the potential fallout, the Treasurer is set to address these concerns tonight.

This is no longer a case of manipulating Truth Social stock; Trump is wielding influence over the world’s largest economy and a currency integral to global stability. The power of the U.S. economy lies in its predictability and stability, qualities Trump fundamentally lacks.

John Smith wrote on Nov 11^th, 2024 at 7:08am:

Yep...

Aided by Hitler's gross incompetence as a military leader.

Not allowing his generals to finish off the British and French forces at Dunkirk - allowing nearly 340,000 troops to escape back to Britain.

Then his stupid double-crossing of Stalin by breaching the Molotov-Ribbentrop Pact and invading the Soviet Union - thus opening the war along the eastern front.

Then playing straight into Roosevelt's and Churchill's hands by declaring war on the US after the US had declared war on Japan - thus enfing all enthusiasm for US isolationism.

Hitler was Churchill's secret weapon!

The Danes, on the other hand, capitulated in one day, allowing the Nazis to use Denmark as a platform to launch their attack on Norway.

Poofs.

I guess they liked all those German soldiers in their smart Hugo Boss uniforms.

I guess that's why so many Danes are crossdressers.

SadKangaroo wrote on Nov 11^th, 2024 at 10:10am:



Who are they? Show us how is driven by them.

goosecat wrote on Nov 10^th, 2024 at 2:56pm:


Correct: but mainstream economists are enamoured by "comparative advantage" and free global markets, and they fail to implement alternative quality occupations for the resulting displaced workers in the rust belt.   

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And decoupling from the current global supply chains, 
which is very inefficient - eg,  China can produce PVs at half the price.

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Yes, but see above.

If AGW-CO2 is real, then manufacturing will have to be alloted around the globe and determined  by non-market based  policies.

[And public debt will become unsustainable: the World Bank will have to create money out of thin air, to fund the green transition.

COP29 will show the funding can being kicked down the road, as poor countries demand the rich pay for the transition....

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Trump's only got 2 years to increase the mood in the rust belt, before he faces the mid-terms.

The crystal ball will be obsolete very soon.

thegreatdivide wrote on Nov 11^th, 2024 at 1:02pm:


Easily fixed. The chodes just need to leave their basements and start manufacturing automobiles.

Quite common, it happens all the time. Look at Henry Ford.