IFocus
You are arguing with a Galah
- Joined
- 8 September 2006
- Posts
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Treasury secretary now being branded as a "silver voice of reason".
Yeah. Markets hadn't heard ANYTHING from this guy until now and now that they have they LOVE him.
Jolly good show.
That would really start a fire ...
Apparently just 2 weeks away from empty shelves
China says no ongoing trade talks with the U.S., calls for canceling 'unilateral' tariffs
https://www.cnbc.com/2025/04/24/china-says-no-talks-with-the-us-on-trade-calls-for-canceling-unilateral-tariffs.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard
She's talking rubbish. The reason the working class and middle class is destroyed is not about manufacturing.One of the big reasons for taking on China.
Let’s hope not. Double digit inflation through most of the decade if you read into it. Anything can happen under Trump.
Australia's middle class isn't dead, but it's taking a beating in recent times. Falling real wages meanwhile there are now fewer pathways for someone starting with nothing to get themselves into the middle class.She's talking rubbish. The reason the working class and middle class is destroyed is not about manufacturing.
We know this is not true because Australia also has lost most of its manufacturing base but not our middle class.
Incorrect. Look at australia's lorenz curve over time.We know this is not true because Australia also has lost most of its manufacturing base but not our middle class.
This. Australia nuked a lot of its industries and replaced them with the raw materials trade and piggybacked off the asian/chinese "miracle".When the overall wealth of a society is faltering, when we've shifted a large portion of the workforce from medium value added to low, no or even negative value added, the only way to keep prosperity rising for the majority is to one by one throw those at the bottom under the bus and that's exactly what we've been doing. Concentrating wealth into a smaller portion of society in order to maintain prosperity for the majority.
The difference in Australia is it's progressed more slowly than the US due to mining having been the initial primary replacement for manufacturing. That worked well at first but in recent times is struggling. Australia's LNG exports have flatlined in volume and coal's actually declining, hence we're now firmly going down the inflationary track to fill the gap. There goes the middle class.....
We have a more balanced system.Incorrect. Look at australia's lorenz curve over time.
The same hollowing out of the middle is occurring (has occurred) everywhere, it's just a question of how much.
I hope you're correct, for my children's sake.I really cannot overstate how wrong this idea that china's going to be the juggernaut of the next century and take over everything actually is.
Baby bust, housing bubble, overcredited, and incredibly vulnerable geography.I hope you're correct, for my children's sake.
@over9k This is an interesting piece of journalism A lot of it also makes sense.Baby bust, housing bubble, overcredited, and incredibly vulnerable geography.
Think about this for a second - china gets on anyone's **** list, it has south korea, japan, mongolia, vietnam, taiwan, the philippines, burma, and russia along its land or sea borders.
The japs have been sailing across the east china sea and slaughtering them for centuries. And that's from a sea invasion, far harder than just driving your tanks across the border and blowing everything to pieces. Hell, the japs could just fly a bunch of bombers over and bomb the daylights out of them right now if they wanted. So could the koreans.
Meanwhile, to land a single boot or bullet on american soil you have to cross half the pacific ocean, take what will be an incredibly heavily defended hawaii that is also serving as a land base/support for the american navy (which could take you on long before you got anywhere near hawaii) and then the air force as it's effectively an unsinkable aircraft carrier, and then cross the other half of the pacific ocean.
The only thing china can even think about doing is taking taiwan and the fact is that the taiwanese would burn every chip facility to the ground long before the chinese actually took it (and that's assuming that the yanks didn't just cover it with about a million missile batteries shooting down or sinking anything that came anywhere near it) so they wouldn't actually be capturing anything so much as just preventing the rest of the world from having it, thereby accomplishing nothing.
Yeah, people have all of this back to front. They're afraid of the yanks being reliant on taiwanese chips when reality is that they should actually be afraid of the opposite because if they aren't, then they have no reason to help with its defence from a self-interest perspective, only a humanitarian one.@over9k This is an interesting piece of journalism A lot of it also makes sense.
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