Cameroni

Exactly, same in Iceland.

This just in, latest breaking news, Israeli anthropologists have found evidence that Jesus really did walk on water... it was the wind.

It was so funny when Doug Ford was trying to play hard man with Trump by making electricity for American families more expensive. When Trump saw it and promptly said "Ok 50% tariffs on Canada" Ford replied "Ok, I will not do it, I am sorry America, let's talk". Talk about a smack down.

They are corrupt financially and morally. They are like mad dogs, what they do makes no sense. It's a hooligan state. The US spent billions on support for Ukraine but they launch a cyber attack on Tesla. Germany spent billions on support for Ukraine but they blow up Nord Stream 2. They spend thousands of dollars on murdering television commentators. These people are truly insane.

Ukraine has a long history in engaging in disgusting underhand and covert operations, they famously blew up Nord Stream 2 and blamed the Russians. But it soon came out the Ukrainians did it. They also mudered the beautiful Darya Dugina by mistake in a botched attempt to kill her father, who was merely a commentator on events, more like a journalist. Ukraine has no morals, no limits and no competence. Thankfully they lost the war.

The low inflation figures are of course excellent news. Whether tariffs will cause massive inflation remains to be seen. But this is good news for now.

Not at all. Alcoa produces aluminum in Canada, Iceland, Australia and elsewhere, however, they have trimmed their output in the United States in recent years. Alcoa is a bad actor and has exported US jobs to foreign countries. It has been asked by the Trump administration to open plants in the US instead. Given that Alcoa will lose money if it continues to export jobs to Canada, Iceland, Australia etc the only alternative is to open facilities in the US. The CEO doesn't like spending the money on that, but they will have no other choice. It is a brilliant move by Trump in fact.

The inflation figures that have just come out are very good and welcome news for the markets. According to themarket analyst below the SP 500 will rebound shortly. Of course Cassandra eventually, at some point, will turn out right, and we have been hearing the same scenarios you describe above for the last twenty years by various people. It has not happened for decades. The problem with your analysis is that it ONLY looks at the negatives. Take AI, yes it will do away with jobs, however, AI will also make the production and sale of products a lot more efficient and cheaper. In fact Sam Altman, the man behind Chat GPT has already thought about the issue of jobs lost due to AI and has founded World Network, which can be used to pay global basic income to people in due course. In fact AI will accelerate the drive to a global basic income as companies like World Network seek to tie people into their financial platform. Your statement that you will have to wait from 18 to 50 to break even if you buy shares cheap in a crash is not born out by evidence. The evidence suggests, if you look at all the recent crashes, that they are in fact short lived and the SP500 companies have recovered fast almost to a man. As for US debt it has not been a problem for 50 years and it will not be a problem going forward, because the US has an ANNUAL GDP of 27 trillion. Your analysis seems to wallow in negativity but actually there is a lot of positive happening right now.

So not Moses then. Ok.

Umm, no he did not.

This would never happen in Denmark, they would bring the dogs and gays together and beautiful things would happen. In the 70s anyway.

That's because the DoD buys steel from other countries, because it's cheaper. That's precisely what Trump wants to end.

Yes, that's true. Not all women have a multitude of sponsors. But even if she does not, it does not mean she will not cheat behind your back. Particularly if you do not offer her a financial reward. Even if you give her a comfortable life, women have a treasure chest mentality, they want to fill that chest with gold. For them. As you VERY, VERY, VERY correctly state, most women want to buy a house. I have lost count of the amount of women who wanted to buy a house. Literally all of them. If you don't do that, even if you give them a comfortable life, she will be unhappy. She wants that treasure chest filled. She is thinking about the future, her family, her child, etc etc. So, the smart move is to not buy the house for a loooong time. Cause once you do, what can you offer her then?

"One US company did do something, and that was Oregon Steel. They had a process that could produce the quality of steel that the MRAPs needed but it would require the importation of steel ingot from Mexico to fuel their mills. This would require a waiver from Buy America restrictions that mandated that all steel DoD uses be not only produced, but smelted in the US. US steel industry lobbyists vehemently opposed any such waiver. DoD eventually granted the waiver, thereby increasing MRAP-relevant steel production by 40 percent. The brutalist of ironies: The company was purchased by Russians in 2007. The irony that the Russians stepped up to protect our troops while US industry did not was probably not lost on the Kremlin." Funny article but it really is concerned with a particular type of steel. If the need ever arose in a brutal war to request more than 3% the US steel producers have to have the capability to deliver the amount and quality required. If the DoD just relies on foreign countries that is obviously not a desirable situation.

In a time of war you need control over your steel producers. It's no good to rely on Canadians, who have now shown they think nothing of targeting the electricity supply of American cities.

The situation is different now. Canadian investment is in a substantially worse shape now than it was then after being hit by a global pandemic, followed by an underperforming economy over the last two years. The U.S. accounts for over 90% of Canadian steel and aluminum exports. The renewal of the tariffs from 2018/19 would apply to roughly $24 billion of Canadian exports. You think Canada will just shrug that off?

No, the threat was not a direct Canadian invasion obviously, the threat was that Canadian steel caused American steel producers to fail, which would indeed have a direct impact on America's military.

Not preparing for a specific war, but he is considering the necessity to retain strong steel producers to maintain America's ability to build a strong a military. The US military is a crucial tool of US policy. Speak softly but carry a big stick as Teddy said. If US steel would wilt away, how could the US maintain its military glory? It couldn''t.

That was the justification used for the steel tariffs the first time around, national security. And of course if you want a strong military you do need strong steel producers. Trump can't afford US steel producers to fail because that would mean America's military nimbus would vanish.

Trump is not causing any chaos. The correction was overdue and everyone knew it. As for a 16 year recession, the chances of that are nil.

Well, I think we have seen a large bubble and you are right that there will be difficult times ahead. My horse is Forex trading, so I make money if the dollar goes up or if it goes down. A nice trend actually helps. Whatever the direction.

Yes, there are obvious problems the steel tariffs will cause. Cars will get more expensive. But this will be the case across the board. Part of the reason why the steel tariffs are necessary is because China has been dumping cheap steel everywhere around the gblobe, depressing prices. However, the US needs high prices for steel. And don't forget these tariffs will be bad for the US, but they will be mortal for the 25000 Canadian steel workers. They will kill Canadian steel right off. So Trump will eliminate a competitor, Canadian steel producers. However, it may be that the real reason that Trump wants strong US steel and aluminium producers, is that he wants to prepare the US for military purposes.

Four hours ago JP Morgan estimated the risk of recession in 2025 as less than 50%. They still predicted respectable growth. https://www.reuters.com/markets/us/jp-morgan-economist-sees-40-us-recession-chance-risks-exorbitant-privilege-2025-03-12/ Look, the Cassandra analysis has been ongoing for the last 40 years. At some point it will come true, no doubt, but we're not at that place yet.

Ah, the Cassandra analysis. Well, I would be willing to put a wager that should there be a recession it will not last 16 years.

The big takeaway there is that economic orthodoxy is not necessarily that useful in a modern economy, and also that the benefit of tariffs depends on the context. i don't think it's dumb to put a tariff on steel or aluminium, in fact in the US context it makes a lot of sense. It will lead to US produced steel and aluminium on a greater scale. It will reduce subsidies on Canada. Not to mention bring in a lot of tariff money into the tax pot of the US.