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I wonder what kind of unprecedented economic growth we'd be seeing right now if we kept with the status quo rather than imposing tariffs and scaring off foreign
by still-learning 8mo ago
I wonder what kind of unprecedented economic growth we'd be seeing right now if we kept with the status quo rather than imposing tariffs and scaring off foreign investors.
- baxtr 8mo agoI mean maybe that's the good news. There is huge potential for an upswing!
- knowitnone3 8mo agoSo Putin is culling his people so the next generation can have more!
- deleted 8mo ago[deleted]
- energy123 8mo agoI don't think that's how it works. It's not like coiling a spring it's more like starting to roll a ball down a hill, once you ruin it it keeps getting worse in a feedback loop as various systems feed on each other (populism, erosion of norms, etc).
- deleted 8mo ago[deleted]
- guerrilla 8mo agoI think you're grossly underestimating European naivete. You probably did fuck up your relationship with Canada though. They didn't seem happy about that one.
- energy123 8mo agoI'm talking more about intra-country dynamics, rather than inter-country. Momentum, good or bad, is a thing. It's not that mysterious, we can trace it to things that feed off each other, like the inflation <-> populism loop, which makes civic institutions progressively worse over time. Turkey is a modern case study. This is the opposite of the "coiled spring" analogy, where if a country get worse it is bound to get better even stronger.
- otikik 8mo agoIt’s going to be so great. Everyone’s will notice it. Just you wait.
- sejje 8mo ago[flagged]
- nemomarx 8mo agoif you look at non ai / tech stuff, isn't the economy pretty bad? they stopped reporting unemployment numbers and BLS statistics and all
- zug_zug 8mo agoI think the talk was significant inflation, because everything will cost more. And it does.
- sejje 8mo agoMy costs are falling. I buy a lot of groceries for my business, so I have decent records. Beef is way up, though. Gas is way down as well.
- cmrdporcupine 8mo agoOil prices have fallen. And likely will through the rest of the year. And the US conspicuously didn't apply tariffs on oil from Canada (while simultaneously saying "we don't need anything from Canada" and threatening our sovereignty and tariffing everything else) which is a huge amount of imports into the US. Oil prices down isn't necessarily a good thing for an oil exporter like the US though. In aggregate. If the US had actually applied tariffs on Canadian oil your gas pump prices would be up very significantly.
- caminante 8mo agoReally? Canadian crude imports are about 20-25% of crude feedstock for gasoline in the US. Put a 10% import tax on top. Keeping things the same, that's <5% increase in domestic wholesale prices.
- embedding-shape 8mo agoSince the administration have stopped releasing some data that usually is released, how fast would people be able to notice that the economy tanked, if it did?
- marcosdumay 8mo agoThe US was setting itself for quite a recovery in 2024... and for a class war too, so IDK what would get there first.
- hn_throwaway_99 8mo agoYeah, and as part of the "class war", a majority of the lower classes decided to elect a billionaire whose first order of business was to implement giant tax cuts for the richest Americans while cutting programs like Medicaid and SNAP. Class war will never work in America because we're too stupid.
- dragon-hn 8mo agoCorrection: the class war already started long ago. Unfortunately the lower classes are not only getting trounced, they mostly don’t know the war is happening.
- pardon_me 8mo agoIt turned out the revolution was always being televised, only it was us thinking what we saw was a reflection of society, not that it was being delivered to us disguised as our own ideas.
- tills13 8mo agoThe needle has swung so far in the opposite direction that a class war is back on the menu.
- slaw 8mo agoMass layoffs started in 2022, there was no setting for recovery in 2024.
- marcosdumay 8mo agoMass layouts started when the government increased the interest rate to fight inflation. By 2024, inflation was already under control, the interest rate was falling slowly, and companies were starting to hire.