yanjuna.bsky.social
18 posts
7 followers
111 following
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During his first term Trump basically destroyed the WTO. (not that biting that anything to rescue it), and recently he stopped paying dues to the WTO. It will be interesting to see if Trump goes to WTO to cry foul.
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Once tariffs go beyond a certain level, it no longer matters because you no longer can sell to that market. zero bound.
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They read it, and they like it.
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Not only new cars but used cars as well, and if anybody remembers, used car inflation was one of the main culprits for covid-19 inflation.
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Which should have been no surprise.
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english.moef.go.kr/co/singleFil...
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Sorry, "in Korea" should read "on Korean goods"
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Due to Korea US FTA, weighted average tariffs on imports from us is 0.73% or so. I really don't think us average tariffs in Korea is less than 0.2%. To quote Reagan "there he goes again."
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Best explanation I've ever so far is "some people just want to see the world burn."
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Why does this sound like the plot for Bond 26?
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The music to my Korean high School song was based on "The Bonnie Banks o' Loch Lomond". Thanks to that choice, there are cool AC / DC instrumental versions of my high school song.
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I can confirm that the essay exists and includes that quote. Basically it says that the world will eventually become a post scarcity economy. It is one of the essays in "essays in persuasion"
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It's a combination of an asset price bubble and the greater fool theory. We finally got to the last fool.
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Robespierre - 0ff with their heads
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Once people know the indicator and the potential result, when that indicator is activated people take actions to avoid that result. Indicators are useful only if they are unknown.
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"Brain.... Delicious Brain..." ... (Late) worm who lived in RFK Jr.'s brain
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It is both eaten and not eaten. Zombie cat
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The actual real problem is the diminishing marginal cost of making money.