But if you mention "AI" you sound super cool and smart. It's all 5D chess. We sheeple - and all the idiots selling (short) in the stock market - just don't get it.
Maybe he needs spectacles to see the chart better. Of course, it will rebound and when it does, he will say "I told you so" maybe!
I don't. I've been shorting the last few days. I was being ironic, lightly mocking the people who think this chaos is all part of a big plan that we don't understand.
Things are getting murkier if we are to understand the response given by the Trump Admin when Vietnam agreed to remove its tariffs on US goods. Apparently they're not satisfied with tariff reciprocity, they also demand changes to other countries' tax laws. After Russia's fascist oligarchy and China's communist dictatorship we now have US imperialism making its way to the forefront of international relations. Trump says EU must buy $350B of US energy to get tariff relief https://flip.it/EhNdk6 Since the US cannot figure out how to export its goods (who in the hell would buy a US car!) it's going to force it on others.
I totally agree. None of it makes sense. EG trade with the EU is balanced. Yet they still got tariffs slapped on em. The European Union and the United States have the world's largest bilateral trade and investment relationship, and enjoy the most integrated economic relationship in the world. Taking goods, services and investment into account, the EU and the US are each other’s largest trading partners by far. EU-US trade in goods and services reached an impressive €1.6 trillion in 2023. This means that every day, €4.4 billion worth of goods and services cross the Atlantic between the EU and the US. EU-US goods and services trade is balanced: the difference between EU exports to the US and US exports to the EU stood at €48 billion in 2023; the equivalent of just 3% of the total trade between the EU and the US. https://policy.trade.ec.europa.eu/e...region/countries-and-regions/united-states_en Then in February they offered Washington a zero-for-zero round, which just got ignored. EU offered ‘zero-for-zero’ deal to US weeks before tariff announcement Cars and other goods were to be included, according to EU trade commissioner, who says offer is still on table https://www.theguardian.com/world/2...o-deal-to-us-weeks-before-tariff-announcement And yep Vietnam fits in the exact same mold of kicking every single friend and ally under the table in the hopes of, what, looking like tough hombres, while all they're achieving is flash crashing us down to a not so unlikely recession. All the world sees is a buncha incompetent, belligerent and uninformed lunatics who don't have a clue on the massive damage they're inflicting on everyone, including ourselves.
I'm fascinated by Trump's demands on Europe, like lowering their product and food safety standards! There's no way in hell that will happen. Europeans will be in the streets protesting and boycotting anything from the US, like Tesla.
It's all just so insane. We had it all, we really did, and go squandering so much for nothing and no real purpose that would even begin to make any kind of economic sense. Maybe Trump really believes in his tariffs, he has been talking about em for decades after all, and he wouldn't be the first leader with only a murky understanding of how economics works, but what happened to all the grownups around him - if there actually are any left that is - who shoulda been able to talk some sense into him ?
The EU would be happy buy more energy from the US... if the US had a transatalantic pipeline. LNG is several times more expensive than pipeline gas. Shipped crude oil is still more expensive than pipeline oil. Trump fucked up free trade agreements that had already been negotiated (with Europe) by Bush and Obama and even signed (with Asia). Plus the NAFTA charade. It's not about free trade. It's not about balance. It's about kickbacks for Trump.