Even as a non-economist I instinctively looked at that and was skeptical about this being an issue that could be boiled down to a single equation.
The absolutely crazy thing for me as someone who still teaches part-time (and grapples with AI-driven academic dishonesty all the time now, to the point I am considering just not doing it in the Fall), is that if this was submitted as a term paper I would probably give it a C-. I could go through the motions of calling it academic dishonesty, but the prompt showed some basic understanding of the course material, just no real insight into the implications.
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Some of it is. The closer it gets to reality, the less of a science it is. Kind of like theoretical physics, except physicists really are very smart and grappling with the genuinely unknowable.
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Rubio talking about US commitment to NATO, trying to make all the right noises in Brussels. I have to wonder when he resigns.
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A lot of science is like though and I say this as someone who looks down my nose at the scienciness of social sciences. I see that in “sports science” all the time. Having an encyclopedic knowledge of all the relevant studies on the effects of Range of Motion on hypertrophy doesnt mean you are going to be able to design the most effective program for an athlete who wants to work with you. Yet I have seen first hand the lack of humility among lab/science boffins when having those conversations with people whose real world applications of the ideas have a track record of success. At least in this use case its just some meat head making less than optimal gains and not the entire world economy crashing and a global realignment occurring, very possibly being the consequence of war.
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But I do want to say that if you’re having a bad day because of this just come back to this thread and take a look at this little guy.
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Only 10?
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Typo. Should read 210.
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The latest in the long line of people who debased themselves to support Trump only to be thrown overboard the moment she was not helpful to him…and lessons learned?
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Fuck me, i never knew America was such a state , i always thought that they instigated wars and then exploited the local populations and to steal resources etc / made them dependant on the good ol USA, but damn i never actually considered it was the other way around .
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You see it repeatedly through this thread, but there is an absurd idea that is incredibly prevalent here in the US that the things the US did internationally after WWII was pure charity, and not a strategy of self-interest to ensure the US was at the center of the world economy.
A lot of this shit show comes from that fundamental misunderstanding, but that is consistent with how America generally thinks of itself. They won the war by themselves. They fought it because they were against fascism (Hitler sent top level Nazis to the US south to learn from the Jim Crowe laws). They have free speech and no one else does.
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The US did good things in its own self interest during, and after, the war.
The creation of West Germany may have been its finest hour, despite the patchy results of denazification.
Nobody thinks it was charity though.
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The guy who has just undone the global economic order struggles with the complexity of the concept of “groceries”
Also, no more supply chains. Factories should just magically have everything on hand at all times they need to manufacture their things without having to acquire them from anywhere
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It is now clear that the entire post-war global order has been for the benefit of those fucking penguins.
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Running budgets over the past 5-6 months, I have had to put in scenario modelling for some fairly wild swings between CAD and USD. My basic thinking is that Trump is going to do his best to kick the crap out of the Canadian economy, but will be reluctant to see real pain in the US. Ergo, the Canadian dollar was going to get pushed down, but hard to know by how much.
Readers, I did not cover the scenario whereby America would be so egregiously stupid in obvious use of ChatGPT to design a trading regime that the day after Trump’s major announcement, CAD would be climbing against USD.
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There will be a rather significant rollback in about 6 months tops.
Am not an economist but this is my prediction. And about time for USA govt to be brought down from their trump afflicted delusion
First auto sector manufacturing layoffs will be within the month. It would normally be about two weeks, but manufacturers that normally use JIT have been building up component stocks that will likely stretch for at least a week.
Find myself wondering if we will see the Dow drop below 40000 today or tomorrow. All of the great crashes have had a pattern of a really bad day (usually a Thursday or a Friday), and then coming back the next week with some uncertainty only to have the massive crash when the reassurance proved wanting (often a Tuesday).
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