No nation can prosper without a global reach for its industries. America became powerful precisely because of its globalist agenda as clearly stated by R. Reagan. America is the driver of the global economy thanks to its massive and wealthy market. The global economy would have collapsed a few times had it not been for the US capacity to adapt and grow when all others stumble. Trump's well understood brand of nationalism will collapse not because of incompetence but because of America's fundamental capacity to wrestle dictatorship from the wannabe dictator or whenever Trump dies. Whichever comes first, MAGA and its venom will return to sleep until the next cycle.
It would have collapsed if it were not able to export inflation. Every crisis has been papered over. All the government spending has led to inflation which has to show up somewhere. Decades worth of steady growth has been pulled forward and sucked away from future generations to be able to enjoy. The US has been able to sell debt in exchange for cheap stuff that the other countries produced. This now has to come to an end because the US is structurally weak. But this means that it can't rely anymore on exporting debt to grow. And there is also that little problem of too much debt on the books that now has to be dealt with.
President said tariff is because of China's Fentanyl production. Unfortunately the US is unable not to consume Fentanyl. It is like being overweight. To fix that problem, simply don't eat so much. To fix Fentanyl problem, simply don't consume Fentanyl. No wonder there is Psychology session in Trading / Food / Drug forum.
maxinger has always said he likes the volatility trumps tweets bring. Now he’s getting it. I want to see how he trades random flippant thoughts from a demented Persons mind.
That was Musk's playbook with Twitter. I have so many users, if only x% of them pay for a subscription, I can tell my regular source of income, i.e. advertisers, to go fuck themselves! Genius! How is that working out?
The level of economic idiocy on this thread is simply breathtaking. VicB, Noah, Max, Volpri... a confederacy of dunces, the blind leading the blind. Tariffs, and their likely consequences/effects are one area well explained/forecasted by currently dominant economic models. The results are a foregone conclusion, similar to how standard econonics' Brexit result forecasts proved to be prescient. Macroeconomic sge models get a number of things wrong, tariff macro effects aren't one of them.
LOL I would hope someone with a bitnis nick would know better and be "living" in the 21st century. Not the last one. BTW its -1.5% now.
right. I like volatility. The higher the better. Do note there are basically two types of volatility : - trendy / decisive type <<< trade this - choppy / messy type <<< avoid this President Trump is the day trader's dream, and investor's nightmare. Also majority of the Americans simply like President Trump. Trump provided tons of trading opportunities during his 1st term. He will be tons and tons of opportunities during his 2nd term. I hope Trump can rule for 3 terms.
Does anyone else find it ironic the markets are moving up right now? I just got done shorting, but man, we are on the verge of a depression and the markets are moving up. America has lost it's mind