@per_sonne @cstross @StompyRobot @petealexharris @tbortels @Remittancegirl
Economics dorkery truly is a peak human experience!
#penguins #ai #tld #ReciprocalTariffs #balanceoftrade #morepenguins #cusma #reciprocity #BigHands
@maudenificent @treleanor Global demand for steel and aluminium has not declined. I would have thought all those reciprocal tariffs slapped on the USA would increase demand for Australian steel.
The USA’s recent demand for gold has done wonders for our balance of trade. Until recently we were buying nearly double what the USA bought from us. Everyone needs to cease buying anything from the USA.
Agree that, sadly, a contracting US economy drags the whole world down with it. The USA becoming isolated and friendless is a strategy that could have been written by Russia and China.
Peter Dutton is a fckin moron. We should never cave to a bully.
#USPol #Auspol #BalanceOfTrade #TariffWar #TradeWar #TreasonWeasel
"Our second example, the relationship between foreign investment and trade balances, is equally troubling to businesspeople. Suppose that hundreds of multinational companies decide that a country is an ideal manufacturing site and start pouring billions of dollars a year into the country to build new plants. What happens to the country’s trade balance?"
#PaulKrugman, 1996
https://hbr.org/1996/01/a-country-is-not-a-company
(1/2)
Larry Elliot observes two key issues about the domination of #services in the UK economy:
1. services firms are concentrated in #London & SE increasing the problem of regional #inequality;
2. Despite their success, they cannot counter the massive deterioration in the #balanceoftrade in commodities & manufactured goods, that is driving our worsening trade deficit;
to which I would add:
3. due to their character services do little for the UK's #productivity problem!
Stephen Elliott~Buckley
Ferdi Magellan
Strypey
Emeritus Prof Christopher May