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Jacek.degen.eth 🎩
@jacek
Anyone got a read on what the Trumpsta's angle is with all these tariffs? Feels like the U.S. is intentionally isolating itself, creating a power vacuum for China or others to step in. Is the U.S. just broke? Running out of options? Or is it pure ego—thinking all innovation starts and ends in America, and the rest of the world’s just along for the ride? Or maybe there’s a 4D chess play to destabilize global markets and reshuffle the deck?
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~ Elias
@eliasvm
It is so very interesting to read your comments chat. My opinion on this is that the president is actually saving your asses for ending up very much like Venezuela, the country I am originally from, there we had beyond 5M% inflation y/y but there are not oficial statements on it nor there are records of it never happening. Truth is there are many differences in how economics (and politics) are read in a retail/consumer point of view from what they actually are. In Argentina the communist ruled for ~12 years when they lost elections, they over-leveraged every loan so the upcoming president was very much neglected a fair opportunity to exercise any politics except for triggering a recession. Now think of it, Biden over-printed USD due to Covid reliefs, then they were charging it back (while it was never advertised as a loan) and a lot of the bad-debt is due in 2025. Remember Biden asking the congress to plainly eliminate the debt ceiling in 2023?
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~ Elias
@eliasvm
We won’t ever go about who is good and who is bad, because in politics there are none, however we can clearly see who was irresponsible and who is trying very hard to fix things, from a macroeconomics point of view which, of course, will counteract what is perceived as positive from a retail point of view. If the unelected Indian-then-Black Kamala Harris would’ve won the elections, the gigantic deficit nor the unmanageable debt would be in the mainstream discussion. It is as simple as that.
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