Bad Economic Predictions
Bad Economic Predictions
We ended up sticking with our 19 year old fridge that basically works fine.
It's not me, it's someone else.
Bad Economic Predictions
Yikes. That's old. Could be an argument that it's efficiency is gone and getting a new one would be cost effective. What are you paying to run that thing vs buying a new one.
Bad Economic Predictions
We got a new fridge, and I put the old one in the garage because I still liked it. Now it acts as chicken feed storage, and freezer overflow because everything from Costco is so damned big.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
I don't know. Our electric bill is low enough that I don't care. I can't imagine it's more than $20/month given how low our winter electric bills are (we have gas heat).
It's not me, it's someone else.
Bad Economic Predictions
Of course, Trump levying tariffs is just a wild card.
This will probably lead to other countries levying tariffs on us. None of which is good news. Will probably harm the economy somewhat, extent TBD based on retaliation.
This will probably lead to other countries levying tariffs on us. None of which is good news. Will probably harm the economy somewhat, extent TBD based on retaliation.
It's not me, it's someone else.
Bad Economic Predictions
He'll cut foreign aid to countries that retaliate, to make up for it.
He don't play.
He don't play.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
I'm not aware we give a lot of foreign aid to Canada?
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Bad Economic Predictions
I don't know, but I wouldn't doubt it.
But I was referring to retaliation to tariffs in general, not specifically Canada.
But I was referring to retaliation to tariffs in general, not specifically Canada.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
Even if there is no retaliation, these always seem to hurt more than they help. The sugar tariff being one of the easiest to point to. Trump even complained about how Nabisco is now making Oreos in Canada while completely missing the reason as to why. Sugar tariffs make it cost ineffective to produce them here. For every job saved in the sugar plantation industry, four have been lost in the confectionery world. And that's with something as labor intensive as raising sugar cane. Imagine the ratio with mostly automated industries like steel.TheCatt wrote: Of course, Trump levying tariffs is just a wild card.
This will probably lead to other countries levying tariffs on us. None of which is good news. Will probably harm the economy somewhat, extent TBD based on retaliation.
Just yesterday I saw a story on Fox about how the solar power industry (sales and installation) has taken a pretty big hit since Trump initiated the solar panel tariff. They're losing customers that are getting priced out.
Manufacturing jobs aren't coming back. Many more are lost to automation than to other countries(85% vs 15%). A lot of the supporting jobs will now be lost. Trump may know something about real estate, but I know more about trade and I've never worked in the field.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
Bad Economic Predictions
If anything, Trump should be fighting for symmetrical market access, which is sorely lacking in many areas. But these tariffs are simply dumb.
It's not me, it's someone else.
Bad Economic Predictions
I'm not a fan of tariffs.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
It's not me, it's someone else.
Bad Economic Predictions
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Hypothetically, if a trade war ensues...Leisher wrote: Markets to fall by 40%?
It's not me, it's someone else.
Bad Economic Predictions
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Here's hoping capitalism survives.Gates concluded his AMA response by saying, "Despite this prediction of bumps ahead, I am quite optimistic about how innovation and capitalism will improve the situation for humans everywhere."
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Bad Economic Predictions
Well, fuckTheCatt wrote: Of course, Trump levying tariffs is just a wild card.
This will probably lead to other countries levying tariffs on us. None of which is good news. Will probably harm the economy somewhat, extent TBD based on retaliation.
I wonder how the markets feel about that.President Donald Trump announced Thursday his plans for tariffs on up to $60 billion annually in Chinese imports, designed as retaliation for an administration report that will outline Beijing’s violation of U.S. intellectual property rights.
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Bad Economic Predictions
China firing back.
I will say that the one positive about this whole thing is China being called out for allowing the pirate market to flourish there. Every piece of software that cheaters use in games comes from China. I mentioned the illegal streaming services running from there now. And the list goes on...
Hey, is it true to do business in China corporations used to have to reveal how they make their products?
That's a better response than I expected. I wonder if this is their attempt to get Trump to the table to discuss things?The decision to target $3 billion in U.S. imports is significant, "but it's not a lot in terms of the total U.S.-China relationship," said economist Tony Nash, who is CEO and founder of data analytics firm Complete Intelligence.
Chinese imports from the U.S. are expected to hit $172 billion this year, he pointed out.
I will say that the one positive about this whole thing is China being called out for allowing the pirate market to flourish there. Every piece of software that cheaters use in games comes from China. I mentioned the illegal streaming services running from there now. And the list goes on...
Hey, is it true to do business in China corporations used to have to reveal how they make their products?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Yeah, no one else ever stood up to China, so finally.
Yes. This was a reaction from China earlier in the week.
Speaking Tuesday at the end of the annual National People’s Congress, Premier Li Keqiang said that China wants to avoid a trade war and that the government plans to further open the manufacturing sector -- and that it won’t force foreign companies to transfer technology to domestic ones while doing so.
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