Well this makes sense to every one expect the brain dead The TrumpetTrump overnight has threatened to raise tariffs on the EU by 50% by June 1. He has also threatened Apple with 25% tariffs if they don't make iPhones in the US which just isn't going to happen, iPhones would end up costing a lot more than 25% if they were made in America. Labour costs just cant compete with China or India.
right, so it's a way to raise taxes on the everyman while making apple the scapegoatTrump overnight has threatened to raise tariffs on the EU by 50% by June 1. He has also threatened Apple with 25% tariffs if they don't make iPhones in the US which just isn't going to happen, iPhones would end up costing a lot more than 25% if they were made in America. Labour costs just cant compete with China or India.
We all agree he is mad,
Well @basilio to me he is a very loose canon and appears to making calls on the run.Do we ? Who does ? The Republicans in Congress or the Senate ? In any case I suggest many people think a bit of madness could be a good thing. Keep people on their toes stuff ?
On ASF who thinks he is mad and therefore unfit/dangerous/clearly a political disaster ? As far as I can see only a very few posters express such sentiments. There seems to be a "Que sera sera " acceptance with the quite hope they will not be affected directly. The fact that millions of other people and institutions are being attacked and destroyed is allowed to slip through to the keeper.
If I had to look for serious madness I would throw the spotlight on the Republican Party which is studiously trying to avoid seeing what is happening and praying that people can jump off cliffs and actually fly. In point of fact a significant number of them have followed Trumps mental path (or were already on it) so they don't count. The rest ? Who knows.
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Perhaps[ worth checking out
The Economic Impact of Donald Trump’s Presidency
How Trump's second-term economic policies might affect your wallet, from new tariffs and tax changes to their impact on jobs, investments, and inflation.www.investopedia.com
I'm gonna load up on goggle shares thenright, so it's a way to raise taxes on the everyman while making apple the scapegoat
So we know in layman's language that he is a bully and impulsive. This means that if someone crosses him that he will retaliate. However he also keeps grudges and the at an opportune time explodes with an over the top demand or punishment.I believe it is worthwhile garnering as much information from the experts on Donald Trump's psychological makeup as possible to assist in predicting his moves, a difficult task, in relation to stocks and markets. Despite many commentators saying that this is the end of the US as being the leader economically this is not the case. US interest rates go up or down, so do Australian and the rest of the world. US markets tank, so do ours. This is a snippet from a longer article from expert psychologists. I believe it is worth a read. We all agree he is mad, but what sort of madness and how do people with his form of madness make decisions, if it is possible to work out given his impulsivity.
A study in Clinical Psychological Science revealed that American voters, regardless of their political leanings, perceived Donald Trump as having traits associated with sadistic and narcissistic personality disorders. Both Trump supporters and detractors rated him as highly disordered, with only a difference in the degree of perceived dysfunction. The research highlighted that voters were not necessarily divided on Trump’s personality traits but rather on how these traits influenced their judgment of his suitability as a leader.
The psychological puzzle of Donald Trump: Eye-opening findings from 20 studies
Donald Trump's unexpected rise to the presidency in 2016 defied conventional political norms, driven by his populist appeal and unique communication style, which has since become a focal point for research into the psychological and social factors behind his supporters' loyalty.www.psypost.org
gg
From my POV, if I spewed forth the flood of lies, deception, blatant denial of facts, backflipping, making plans on whim and continue with b/s, I'm sure I'd lose most of, if not all of my friends.Do we ? Who does ? The Republicans in Congress or the Senate ? In any case I suggest many people think a bit of madness could be a good thing. Keep people on their toes stuff ?
On ASF who thinks he is mad and therefore unfit/dangerous/clearly a political disaster ? As far as I can see only a very few posters express such sentiments. There seems to be a "Que sera sera " acceptance with the quite hope they will not be affected directly. The fact that millions of other people and institutions are being attacked and destroyed is allowed to slip through to the keeper.
If I had to look for serious madness I would throw the spotlight on the Republican Party which is studiously trying to avoid seeing what is happening and praying that people can jump off cliffs and actually fly. In point of fact a significant number of them have followed Trumps mental path (or were already on it) so they don't count. The rest ? Who knows.
...........................................................................................
Perhaps[ worth checking out
The Economic Impact of Donald Trump’s Presidency
How Trump's second-term economic policies might affect your wallet, from new tariffs and tax changes to their impact on jobs, investments, and inflation.www.investopedia.com
@Craton Ah well, the almighty dollar rules and buys all the power and subservient followers.From my POV, if I spewed forth the flood of lies, deception, blatant denial of facts, backflipping, making plans on whim and continue with b/s, I'm sure I'd lose most of, if not all of my friends.
My employment/employable prospects would be very bleak and I certainly wouldn't have a deep and meaningful love life but hey, when one has wealth aplenty, who cares right?
Empathy, understanding and the rule of law is for smucks...
Also it may be that Apple don't have to make all iPhones in the U.S, my guess would be that Trump wants a manufacturing facility built in the U.S, so that it complies with the mandate that things that aren't made in the U.S get a tariff.right, so it's a way to raise taxes on the everyman while making apple the scapegoat
I think what will collapse first will be the confidence of the bond market and support for the US dollar.Also it may be that Apple don't have to make all iPhones in the U.S, my guess would be that Trump wants a manufacturing facility built in the U.S, so that it complies with the mandate that things that aren't made in the U.S get a tariff.
But if Apple agree to build a plant there, it adds to Trump's platform that he is adding tech jobs and relocating manufacturing.
As was shown here in Australia in the recent election, a lot of politics is about the optics, if trump can get Apple to commit to build a plant in the U.S that would be a huge win, and I'm sure the multinationals wont want that.
If one of the major tech multinationals agrees, it will be hard for the rest to hold out.
It is certainly an interesting tussle, the multinationals that want to make their $hit in third world countries, but sell them at a huge mark up in first world countries.
Getting them to invest in first world countries is difficult, but if they don't the first world countries will run out of money, from the multinationals perspective that isn't an issue because the third world countries are getting richer.
It is just a case of who can hold out longer, the multinationals and their third world suppliers, or Trump.
Worldwide central banks aren't piling into the gold stocks for no good reason; it's a tactic to safeguard against inflation and geopolitics, more or less a hedge.I think what will collapse first will be the confidence of the bond market and support for the US dollar.
As far as multinationals bringing back investment to the US ? That was the essence of the Biden green energy program. Re engineering the US for wind, solar and batteries and EV. Every bit of that program is now being destroyed courtesy of Trumps manicial desire to destroy Bidens work.
The economic reality is that the cost of bringing manufacturing back to teh US and the ongoing costs of production are simply not economically viable for many industries. Does Trump intend to run a closed command economy ? Only US products allowed at whatever cost the manufacturers deem necessary ?
I think the bond and dollar markets will respond in close time.
They'll more likely move manufacturing to another country that has fewer tariffs on it. They might move a small part of the plant over to the US, which makes simple parts of the phone to be patriotic, but that's it.Like I said in a much earlier post, the manufacturing jobs like my parents had like car manufacturing and textiles are never coming back to this country, it's not economical viable to make cars anymore in this country, thanks to LNP axing subsidies under Tony Abbott. It's a lot cheaper to make clothes like Jumpers in Asia. Up until 1987 and 1988 it was still possible to find made in Australia clothing at Myer but now it's mostly all made in China.
I think Apple making phones in the USA just isn't going to happen due to much higher labour costs in that country, dream on Trump. iPhones would end up costing up to $3000 US($4613) AU in our money. Which consumers are going to be willing spend that on a new iPhone. Unless maybe iPhone manufacturing is fully automated using AI to the max which will still mean less need for workers.
Question is, what balances the trade in the absence of domestic manufacturing?Like I said in a much earlier post, the manufacturing jobs like my parents had like car manufacturing and textiles are never coming back to this country, it's not economical viable to make cars anymore in this country
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