everything is egg
Sasuke
joined 4 years ago
Europe, to be sure, also might someday recover to rival the United States, but it could be depended upon to play the game according to U.S. rules
lol. well, they were not wrong
Deutsche’s Dollar Downer (Financial Times, published Apr 9)
Quoting from George Saravelos, global head of FX research at Deutsche Bank:
The market is rapidly de-dollarizing. It is remarkable that international dollar funding markets and cross-currency basis remains well behaved. In a typical crisis environment the market would be hoarding dollar liquidity to secure funding for its underlying US asset base. This dollar imbalance is what ultimately results in a triggering of the Fed swap lines. Dynamics here seem to be very different: the market has lost faith in US assets, so that instead of closing the asset-liability mismatch by hoarding dollar liquidity it is actively selling down the US assets themselves. We wrote a few weeks ago that US administration policy is encouraging a trend towards de-dollarization to safeguard international investors from a weaponization of dollar liquidity. We are now seeing this play out in real-time at a faster pace than even we would have anticipated. It remains to be seen how orderly this process can remain. A credit event in the global financial system that threatens the provision of short-term dollar liquidity is the point of greatest vulnerability which would turn dollar dynamics more positive.
he's obliterating the world economy lol. i think maybe we need to retire the word "distraction" for a bit
i'm using deepseek rn to break down the song word by word to practice my chinese lol
China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump
China’s Office of the Tariff Commission of the State Council said that tariffs on U.S. goods will rise to 84% from 34% starting on April 10, according to a translation of the announcement. This comes after the latest U.S. tariff hike — which brings levies on Chinese goods to more than 100% — took effect at the start of April 9.
bernie 2020
people have been saying this since the beginning of industrial capitalism. in vol 1 of capital marx quotes a factory owner who argued his work force could soon be replaced entirely by machines. the point, of course, was to dissuade the workers to pursue better working conditions, as this would somehow hasten the process by making the labourers more costly than the machines
I'll admit I have zero clue what the content of the speech actually was
the content doesn't matter it's all aesthetics
Even with universities that got too woke,” Booker said, “the antidote to that isn’t to try and shut down the thought of the left, it’s to try to make a fair, more competitive marketplace.”
beyond cooked
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