The US dollar is sinking like a rock

[Peter Crow]

58 minutes ago, Harrisfan said:

12 hours a day talking Trump. That's not a good life. 

Says who? Now combine a weak USD with the Genius' tariffs and lets see what happens to the price of all imported good...

[nauseus]

17 hours ago, cjinchiangrai said:

ronic decision after another. From the aggressive extortion tactics to clueless tariffs, he cannot make any kind of coherent policy. The biggest failure is that he assumes all the other countries are going to sit back and do nothing. They are not, they are just excluding the US from the market, and who could blame them?

 

15 hours ago, spidermike007 said:

Trump does not know how the stock market works, but I think you can go one step further and say he does not know how the economy works, and on a more important level he knows nothing anything about globalization and all the intricacies involved in manufacturing internationally.

 

There's a reason why that's taking place, there's a reason why manufacturing has shifted overseas. It didn't happen in a vacuum and that manufacturing will not return to the US, not during our lifetime. It is just a slogan and a concept that he used to very craftily deceive millions of people into voting for him. 

 

It would appear at this point that Trump's seesaw approach to tariffs is having a dire effect on the US economy, thousands of jobs are being lost every day, the stock market is crashing (and believe me that crash has only just begun) and many countries are re-thinking their relationships with the US, realizing that the US is not the dependable ally they thought it was.

 

Many are avoiding visits to the US which could decimate American tourism, and many nations are likely planning their manufacturing in such a way that they are considerably less dependent on American imports, exports, and sales.

 

So where does that leave America in the grand scheme of things, and how badly could Trump's policies come back and bite him on his enormous butt? 

 

In the minds of many of us Trump is grossly overestimating the importance of the US and the dependence of other nations on the US. Granted the US economy is still huge, but it's not immune to damage, it's not immune to punishment by other nations, it could start shrinking, and it's not immune to crashing. 

 

 

 

Thanks for the warning......saved me reading it.

[jvs]

4 hours ago, KhunLA said:

And yet ... it's still in the top 3 countries with most international tourist visiting ... Go figure.

 

More people visit the USA, than live in TH, and many other countries. 

Let that sink in 

 

72+ million last year ... wiki

 

 

Only 19 of 195 countries & territories have more population than USA has international visitors - wiki

 

You people crack me up ... keep it coming 

Ok, i will keep it coming.

Why the "You people crack me up"? 

Travel to the US is down over 7 % comes out to be something like 12 BILLION dollars in lost revenue!

Has nothing to do with how many people are living in the US or how fantastic you think the US is.

Sure i believe the US is a beautiful country with a lot of nice areas and lots of nice places to visit.

The reason tourism is down because of? Trumps policies.

You don't have to believe me just do a little checking on the internet.

My Family in Canada is certainly not going to the US this year and maybe not for a long time to come.

Why do you think that is? Not just my family but many Canadians have cancelled their yearly visit to the US.

 

[Yagoda]

15 hours ago, Harrisfan said:

Doomsday rubbish. 

Copied and pasted too

[3NUMBAS]

It’s not just tourism lost orders worth billions cos folks hate the us now

[Yagoda]

2 minutes ago, jvs said:

My Family in Canada is certainly not going to the US this year and maybe not for a long time to come.

Why do you think that is? Not just my family but many Canadians have cancelled their yearly visit to the US.

You're not going to have to go we're coming to you. You're not going to be a visitor you'll be a resident.

[jvs]

1 minute ago, Yagoda said:

You're not going to have to go we're coming to you. You're not going to be a visitor you'll be a resident.

Now that is funny!

Thanks,i did not know you had a sense of humor lol.

 

[jvs]

One of the reasons people are avoiding the US.

[Yagoda]

4 minutes ago, jvs said:

Now that is funny!

Thanks,i did not know you had a sense of humor lol.

 

https://www.foxbusiness.com/economy/canada-resume-trade-talks-us-after-rescinding-digital-services-tax

 

Funny how you all are  bunch of big talkers as your government does as it's told by us

[transam]

Just now, Yagoda said:

https://www.foxbusiness.com/economy/canada-resume-trade-talks-us-after-rescinding-digital-services-tax

 

Funny how you all are  bunch of big talkers as your government does as it's told by us

Who is us........You and who else..........?  🤔

[rumak]

6 hours ago, Harrisfan said:

Thailand is still cheap. 400 baht for a hotel room with a mountain view.

 

You got cheated !   I only paid 350 baht ...........

[novacova]

Just now, rumak said:

 

You got cheated !   I only paid 350 baht ...........

Nice hill view 

[rumak]

1 minute ago, novacova said:

Nice hill view 

 

I told them I wanted a quiet room .  

[novacova]

2 minutes ago, rumak said:

 

I told them I wanted a quiet room .  

Looks well ventilated too.

[rumak]

The Good News is :    Now all you guys who hate so many things about Thailand can get a GREAT  exchange rate on those millions you brought over here a few years ago.   Good time to leave .

 

Hurry up !   May not last .......

[rumak]

9 minutes ago, novacova said:

Looks well ventilated too.

 

No slamming doors !!  ....(we could go on for  a few more pages . )       

[Harrisfan]

1 hour ago, 3NUMBAS said:

It’s not just tourism lost orders worth billions cos folks hate the us now

Nobody hates the US except the deranged.

[Harrisfan]

18 minutes ago, rumak said:

 

You got cheated !   I only paid 350 baht ...........

A month I hope.

[angryguy]

1 hour ago, jvs said:

Ok, i will keep it coming.

Why the "You people crack me up"? 

Travel to the US is down over 7 % comes out to be something like 12 BILLION dollars in lost revenue!

Has nothing to do with how many people are living in the US or how fantastic you think the US is.

Sure i believe the US is a beautiful country with a lot of nice areas and lots of nice places to visit.

The reason tourism is down because of? Trumps policies.

You don't have to believe me just do a little checking on the internet.

My Family in Canada is certainly not going to the US this year and maybe not for a long time to come.

Why do you think that is? Not just my family but many Canadians have cancelled their yearly visit to the US.

 

May be a problem if it were thailands economy but the US is not dependent on tourism

[mikebike]

1 minute ago, angryguy said:

May be a problem if it were thailands economy but the US is not dependent on tourism

Obviously not. But certain sectors and states most definitely are. I'm looking at you Nevada, Florida and Hawaii... 

[jvs]

13 minutes ago, angryguy said:

May be a problem if it were thailands economy but the US is not dependent on tourism

Go tell that to the people in the US who are working in the hotel industry,many of them are losing a lot of business.

 

[angryguy]

4 minutes ago, jvs said:

Go tell that to the people in the US who are working in the hotel industry,many of them are losing a lot of business.

 

Maybe the owners who are already rich lol. You lefties will always find something to get excited about, the stock market dropping, canadians stop buying jack daniels, meanwhile the rest of the world goes to <deleted> lol

[blaze master]

1 hour ago, Yagoda said:

You're not going to have to go we're coming to you. You're not going to be a visitor you'll be a resident.

 

Sweet. US has some nice warm places to live.

[mogandave]

19 minutes ago, mikebike said:

Obviously not. But certain sectors and states most definitely are. I'm looking at you Nevada, Florida and Hawaii... 

So international tourism to the US is projected to be down about 5% in 2025. 

 

International tourism represents about 20%of US tourism. 

 

So 5% X 20% = 1% 

 

Wow, how will they survive!

 

I think the government no longer putting illegals into hotels will be a much bigger hit. 

 

Hotels can always be leased an repurposed as ICE detention centers.

[Furioso]

The dollar is sinking. The sky is falling. I'm so scared lol!

[Cameroni]

3 hours ago, candide said:

Thanks to OPEC. Food inflation is higher (2.9%)

 

Yet bizarrely petrol prices are the lowest since 2021. Nice bonus for all those travelling for 4th July.

[cjinchiangrai]

2 hours ago, nauseus said:

 

 

Thanks for the warning......saved me reading it.

Maybe you should be buying Trump coins.

[DezLez]

1 hour ago, Harrisfan said:

Nobody hates the US except the deranged.

Hating Trump does not mean you hate the US at present but if the idiot continues with his TACO system they will very soon.

[candide]

1 hour ago, Cameroni said:

 

Yet bizarrely petrol prices are the lowest since 2021. Nice bonus for all those travelling for 4th July.

Not bizarrely. Saudi Arabia announced last summer that it would increase its production in order to regain market shares, followed by other OPEC members. Economic growth is also slowing down globally, so demand for oil is decreasing.

[AndreasHG]

12 hours ago, novacova said:

A delusional hopeful wish.

 

There are people who are aware of the times they live in.

And then there are those living in Lala Land. To each his own.

Today FT first page.