.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
Latest posts...
-
33
Top Putin ally taunts Keir Starmer and King Charles- threatening Brits with 'tactical nukes'
On that basis, Europe shouldn't have had anything to worry about in the past decade, as Russia was not being threatened with invasion and she was free to pursue her own (domestic) economic policies. Unfortunately, events since 2014 have proven otherwise. -
16
Savannakhet Multi Entry. Change permission to stay
I actually have a work permit and work for my wife's (read between the lines as Thais own everything) business for high season. I go to Australia for 2 months as the business shuts for 6 months so retirement is not an option. I am mainly trying to avoid having my 400,000 baht tied up for 5 months( now, trip to Australia, 2 months seasoning) but from reading is not an option. Thank you forcall your help. -
14
-
25
Thais vs White people
What a disparaging topic. Why can't you be more like Thais then? -
0
World stock markets plunge again as Trump doubles down on tariffs
Global stock markets plunged to pandemic-level lows Monday as Trump’s tariff blitz sparked panic selling, with the S&P 500 teetering on bear market territory and Asian indexes suffering historic crashes. The meltdown follows China’s retaliatory 34% tariffs and Trump’s vow to keep his “beautiful” trade penalties in place despite economic chaos—a crisis analysts warn could eclipse 2008’s financial collapse. Market Carnage: Asia Collapse: Tokyo’s Nikkei 225 cratered 7.8%, its worst day since 2020. Hong Kong’s Hang Seng nosedived 13.2%—its steepest single-day drop ever—while Shanghai’s index lost 7.3%. Europe’s Rout: Germany’s DAX briefly crashed 10% at open before stabilizing at -5.8%, mirroring Paris’ CAC 40 (-5.8%) and London’s FTSE 100 (-4.9%). U.S. Pre-Market: S&P 500 futures sank 3.4%, threatening to push the index into bear territory (-20% from peak), with Nasdaq futures down 5.3%. Tariff Domino Effect: Trump’s 10-50% tariffs on 185 nations—including 34% on China and 20% on the EU—met immediate retaliation. Beijing slapped 34% duties on U.S. goods, restricted rare-earth exports, and blacklisted 11 American firms. “This isn’t a trade war—it’s economic mutually assured destruction,” said Natixis’ Gary Ng. Key Flashpoints: Recession Warnings: JPMorgan slashed U.S. GDP forecasts to -0.3% for 2025, predicting 5.3% unemployment as tariffs bite. Supply Chain Chaos: Howmet Aerospace declared force majeure on Airbus/Boeing parts, while Amazon faces profit headwinds and Tesla halted Shanghai exports. Safe-Haven Rush: Walmart and Costco surged as investors fled to consumer staples; Bitcoin dropped 4% alongside risk assets. Corporate Casualties: Tech Wreck: Apple suppliers TSMC and Foxconn halted expansion plans, citing tariff uncertainty. Auto Apocalypse: Ford shares hit a 12-year low as EU tariffs threaten $2bn in annual losses. Energy Crisis: Chevron warned of $5/barrel oil price spikes if Middle East supply chains fracture. Political Fallout: Trump doubled down Sunday, calling tariffs “medicine” for a “sick” global trade system. But allies revolted: Israel’s Netanyahu seeks tariff relief in Monday talks, while Taiwan proposed zero-tariff negotiations. The EU is compiling a retaliation list targeting Kentucky bourbon and Florida oranges, and India eyes a bilateral deal to avoid U.S. duties. China’s Gambit: State media declared tariffs a chance to “turn crisis into opportunity,” vowing to boost domestic tech and rare-earth dominance. Goldman Sachs warns China’s GDP could drop 0.7% this year, but officials plan rate cuts and industry bailouts. Federal Reserve Dilemma: Jerome Powell faces a nightmare scenario: cutting rates to offset tariff pain risks hyperinflation from import price hikes. “We’re trapped between recession and stagflation,” said former Fed economist David Wilcox. Sector Breakdown: Tech: Nasdaq’s 5.3% drop reflects tariff costs on chips and cloud services. Energy: Brent crude sank to $63.25/barrel on demand fears, hammering Shell and BP. Pharma: Pfizer warned of drug shortages as India restricts U.S. API imports. Historical Parallels: The selloff’s speed—$6 trillion wiped in two days—rivals 2008’s Lehman collapse. But unlike 2020’s COVID crash, this crisis lacks a central bank “bazooka” fix. What’s Next: Fed Decision: Emergency rate cut likely by July, despite inflation risks. Corporate Exodus: U.S. manufacturers face “nuclear winter” unless Trump pauses tariffs, warns billionaire Bill Ackman. Market Reality Check: Citi warns earnings haven’t priced in full tariff impacts: “There’s ample downside left.” Why It Matters: This isn’t just a market correction—it’s a stress test for globalization. With rare-earth supply chains fracturing and SMEs facing bankruptcy, the world faces a choice: capitulate to Trump’s demands or risk a 1930s-style trade collapse. Based on a story by AP 08.04.2025 -
16
Savannakhet Multi Entry. Change permission to stay
Tod posted that August 2024 prior to HCMC going e-visa applications 30th Sept 2024. Like Savannahket who went e-visa applications 1st Jan 2025, the ME Non O is no longer an option.- 1
-
-
-
Popular in The Pub
-
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now