Archive for the 'Economy' Category
China Raising Tariff on U.S. Goods to 84%
April 9th, 2025Via: Yahoo!Finance: China said it will raise its tariff on US goods to 84%, retaliating to the hefty new tariffs on its imports that kicked in on Wednesday. The move came after the Trump administration followed through on a threat to add a 50% tariff on Chinese goods, in addition to 34% reciprocal tariffs, raising […]
Hyundai to Expand Robot Fleet with Tens of Thousands Atlas Units from Boston Dynamics
April 7th, 2025About the workers in all the new factories being built in the U.S… Via: Interesting Engineering: Hyundai unveiled a $21 billion investment plan in the U.S., which includes $6 billion aimed at fostering innovation and expanding strategic partnerships. As per the agreement, Hyundai will purchase tens of thousands of robots, supporting Boston Dynamics’ growth and […]
Flashback to January: Warren Buffett’s $325 Billion Cash Pile
April 4th, 2025I don’t know how many times I’ve posted about Warren Buffett amassing hundreds of billions of dollars in cash, in anticipation of a major correction in stocks, but it’s a lot. He knew that valuations had gotten insane, which essentially rigged the market to blow. I wonder if he also knew that Trump would light […]
AI 2027
April 4th, 2025Via: AI 2027: We predict that the impact of superhuman AI over the next decade will be enormous, exceeding that of the Industrial Revolution. We wrote a scenario that represents our best guess about what that might look like. It’s informed by trend extrapolations, wargames, expert feedback, experience at OpenAI, and previous forecasting successes.
Oil Tumbles 8% as China Retaliates with Tariffs on U.S.
April 4th, 2025Via: Reuters: Oil prices plunged by 8% on Friday, heading for their lowest close since the middle of the pandemic in 2021, as China hit back in an escalating global trade war with the U.S. after President Donald Trump’s barrage of levies this week. China announced it will impose additional tariffs of 34% on all […]
Trump’s Tariff Strategy Explained in 18 Minutes
April 4th, 2025I never thought I would see the U.S. resist China’s grand strategy. It would have been nice to have done it more slowly. Factories could have been built, the expertise could have been cultivated, markets could have adjusted in an orderly manner… Nope. That’s not how it’s going to go. Trump has less than four […]
Trump Announces Sweeping Reciprocal Tariffs on Trading Partners
April 2nd, 2025I wonder if Ross Perot is smiling from the great beyond… Remember that? Because Ross Perot’s prescient warnings were not heeded decades ago, this is what a Made in USA car looks like now: President Pfizer Warpspeed Trump Gaza #1 is awful in some ways… and good in other ways. Bringing sanity to trade imbalances […]
Politico Claims: “Trump Tells Inner Circle That Musk Will Leave Soon”
April 2nd, 2025
Update: Musk – “Fake News” Yeah, fake news https://t.co/nPhTpZj3Fc — Elon Musk (@elonmusk) April 2, 2025 — Via: Politico: President Donald Trump has told his inner circle, including members of his Cabinet, that Elon Musk will be stepping back in the coming weeks from his current role as governing partner, ubiquitous cheerleader and Washington hatchet […]
Is It Any Sort of Useful Signal That Someone with an Estimated Net Worth Between $60 and $80 Million Fled California Because of High Taxes, High Prices, High Crime and Government Mismanagement?
April 2nd, 2025Has the situation in California crossed some sort of red line, where even seriously wealthy people can’t stand it anymore? With this Producer Michael video below, you might be thinking, “Who cares? It’s one guy.” But here’s the thing: It’s not just one guy. I’ve known a few high net worth people and they usually […]
Trump Administration’s Spending Is on Pace to Surpass Biden Levels
March 28th, 2025Via: MarketWatch: The Hamilton Project, an economic policy think tank, tracks federal spending using daily treasury statements published by the government. These data show that the federal government had spent $1.893 trillion in 2025 as of March 26, compared to $1.763 trillion at the same date last year. In other words, federal spending in on […]
