I’m not an American, but how could anyone convince themselves this guy was anything but an economically illiterate buffoon?

If he wanted to bring manufacturing back to the US, the worst thing he could have done is break the relationships where they get cheap resources from us Canadians and materials like rare earths first.

Now it’s a bigger hurdle than ever to manufacture in the US.

Now we’re all galvanized against the US, we can all make deals with each other in an “the enemy of my enemy” way, and everyone is divesting of American financial leverage for fear of being extorted over it.

I haven’t used 4chan since like 2008, so no idea how its changed.

I do remember a username/password mechanic but can’t remember how it worked.

Why would anyone use their real email on 4chan? I wouldn’t touch it without at least a proxy or two and a vpn.

But which pot?

Not my oatmeal pot, or the spaghetti pot

I did not think of that, thanks!

Thanks! I had not factored that in

Would you want the opposite?

I thought heading the bowl will expand it slightly and increase the suction, cooling it will shrink it and reduce it.

I don’t know, I’m a pleb.

The guy on the radio sounded concerned. I don’t know where he was from but he was with one of the US papers.

CBC radio was talking about it this morning.

The speaker they had on said that China saying they won’t increase further means they’re going to start using the other tools in their arsenal, which in a trade war is not going to be nice.

He tweeted it apparently.

But I do not doubt everybody in the white house and everyone in the know was making moves earlier.

If I put my tinfoil hat on that could be why the fall suddenly stopped on Monday and even China dumping bonds didn’t fuck up the markets today

Kinda looks like he wussed out to focus on China.

This wouldn’t be stupid if he hadn’t passed off the entire world and looked like a total moron first.

Yeah, I think the Nash equilibrium is to just stop negotiating with him.

There’s no upside to it. Nothing he says can be relied upon, and the playbook is obviously to make up some new problem or declare a fake emergency to violate agreements anyways.

His goals are foolish and wasteful and he’s throwing everything away to try and achieve them.

A recession is generally defined as two or more quarters with negative GDP growth.

Tariffs will absolutely cause that. They’re going to dampen US growth for years.

That’s only one simple definition though. Broadly I think the answer is still yes, this will cause US job losses, as you’re already seeing in the automotive industry. Job losses result in lower consumer spending, resulting in lower business revenue, and less business expansion and cost cutting, and it can become a reinforcing cycle.

Recessions can be mild or severe, so the jury is still out on whether the US will hold their tariffs, and how quickly the system adapts to the changes.

the email to Aboussad reads. “It is also concerning that you have not apologized to the company, and in fact you have shown no remorse for the effect that your actions have had and will have.”

Obviously there were going to fire these employees, especially the one who gave notice then did this.

But why the fuck would anyone be like “yOu DiDn’T eVeN aPoLoGiZe To ThE cOmPaNy”? That’s the stupidest god damn thing I’ve heard since “Liberation Day”

I like lemmy more.

Certainly nicer than my SDL experience of catch { window.becomeunclosable(); }

The stupidity of the formula when they have access to sone of the best central banking economists and economic models in the world does shock me.

Clearly they’re not leveraging anyone credible to do this. Even if it’s a terrible idea, flying it blind is even dumber.

Yeah I used to cynically buy shitcoin volatility…

I’m kind of bagholding some btc right now though.

Crypto is scammy for sure

I’ve never liked the argument crypto is good for diversification.

A lot of the studies on it are from pre-Covid when crypto was on a rocket ship, so the lack of correlation is actually a false signal.

I do own a bunch of crypto, but not as a diversification tool.