It would certainly encourage further intervention...
Would have no direct impact on the US and Europe in the first step but increasing oil prices would.
Then you have Japan which is already vulnerable, inflation sits at 3.5 - 4% whereas interest rate is at 0.5%...
There is no use worrying about it and let it affect your life but to claim it is impossible...
Reminds me of news articles in the UK, US and France we read in school downplaying Hitler and his aims, even when he marched into Czechoslovokia.
GATT 1994 and founding of WTO as successor was under Clinton.
To me it seems like the financial and political elite, regardless of party, have screwed 80% of the US population, but in 2025 people are still playing the party game...
And there were people warning about it, see below.
It´s not...
Today I learned that the bottom 50% of China on average are wealthier on a ppp basis than the bottom 50% in the US, that´s fucked up..
https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/last/us/k/p/yearly/a/false/-6419.989/20000/curve/false
Yep, nice summary.
While I agree that the approach might have been too harsh, I think that´s the reason why Bessent and co. had to step in and the entire process seemed very hip-hoppy, he seems to have the support of the top guys at least.
Yep, it certainly can be shaky, hence why Trump´s first visit was to the middle east, securing the financially most viable partners as soon as possible.
Bessent has been going around and underlining that Wall Street had good times the last 4 decades but it´s time for "main street".
Personally...
Yep but it´s by design, to a certain extent at least because they have a bigger priority, decoupling from China and rebuilding the industrial base, obviously not for cheap consumer products (those will continue to be produced in India, Vietnam, Bangladesh...) but things that matter for...
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