Trump really is borderline moronic in economic terms. Ladies and gentlemen, the end of the United States of America is at hand!
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1919
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1Yr
@HenryTLK I don't see it that way
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22
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@HenryTLK I wouldn't say the end, but a lot of damage is being done that can't be repaired so quickly in the future. A shot in the knee, or two...
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•@HennRes You're right, I think the overall result is that China is outstripping them.
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@HenryTLK Take a look at the decline of great powers throughout history and then take a look at what is currently happening - and has been happening - in the USA. You will find many similarities. History repeats itself.
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66
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@HenryTLK I don't think you understand the function of tariffs and the fiscal and financial policy pursued previously
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•@HennRes should Trump have simply continued with his previous policies and hoped that there would be no financial crisis? Massively bloated government apparatus (80% of all jobs created in government positions), biggest deficits ever, migration covers poor labor market, loose fiscal and financial policy while the world is driving in the opposite direction (Europe/ China etc.), Mag7 and QQQ/ ES ATHs every week - where does that lead?
Sorry, but that shows little understanding of macroeconomics
Sorry, but that shows little understanding of macroeconomics
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•@Ph1l1pp and then the strategy is to bring about the financial crisis more quickly? Trump's actions do not solve the problem, but basically act more like a catalyst. And yes, I'm not an economist, but I think I have at least a basic understanding of the fiscal policy tool of tariffs. I just don't see a scenario in which these kinds of tariffs help the US.
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@HenryTLK The dollar is too strong, which is why it is now being "sold off" - that is the background.
This will benefit future US exports.
This will benefit future US exports.
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1Yr
@SteelAnacott What do you mean exactly?
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