I think people are ignoring the reciprocity in the global trading system.
People and news articles always talk about goods trade deficits for rich countries, but never their almost universal services trade surpluses, and the profit margins are vastly different.
For manufacturing, a large part of the revenue goes to materials costs, but for services, almost all of it are net incomes.
Yes you can bring back manufacturing jobs, but your services surpluses would also shrink, because when you don't open your market, countries were not obligated to let you reap profits there too.
There is a global shift toward higher US equity allocations seeing how well they've performed in the last however-many years. Also it seems like President Trump's sole mandate is to keep the stock market from crashing, so that helps.
Yeah it reminds me of the Smyth report, published in August 1945 about atomic bombs, commissioned by the director of the real Manhattan Project. It’s fine to reveal knowledge in detail, if it doesn’t reveal anything related to constructing the apparatuses (the chemistry and the metallurgy) needed.
The press release following the bombing of Hiroshima specifically stated which method of refining Uranium was used. The U.S. spent a great deal of time, effort, and money on researching and testing four different enrichment systems. Just that one detail saved the Soviets 3/4s of a sizeable chunk of the A-bomb effort. Sometimes you don't need to leak much detail to give away a great deal.
A commodity hardware that’s on the price decline for decades just quadruples in price and nobody makes any form of long term investment or even contracts to take advantage of the situation? It’s more likely to be a collusion than not.
Democratic governments are weak on deficit spending, especially poor ones, the debt from their tiny stretch of high speed rail almost became a scandal.
This is retaliation for China recently phasing out European gears, which should be expected after Europe already banned Chinese gears in effect.
China for years has been allocating a share of the market to European gears, considering their domestic offerings are much cheaper, this was basically a reciprocal gesture, but it's not needed now for neither side.
Germany has been reluctant to completely remove its Huawei gears, but now that German cars are losing ground in China, they probably felt it's time to make the move.
People and news articles always talk about goods trade deficits for rich countries, but never their almost universal services trade surpluses, and the profit margins are vastly different.
For manufacturing, a large part of the revenue goes to materials costs, but for services, almost all of it are net incomes.
Yes you can bring back manufacturing jobs, but your services surpluses would also shrink, because when you don't open your market, countries were not obligated to let you reap profits there too.
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