President Donald Trump is either an "idiot or a bastard". To paraphrase Russian president Vladimir Putin, who mocked Prime MinisterJustin Trudeau when he invited a Ukrainian Nazi war criminal to the Canadian Parliament and received a standing ovation. Like Trudeau, Trump doesn't know his history either. In the 1930's, the United States committed to an economic policy of carnal sin, when it buggered(Sodomite) thy neighbor. It excebated the Great depression. So it leaves me to spell out the economic folly of this tariff policy. Either Trump is an idiot or a bastard. A newspaper reporter asked, in 1932, the economist John Maynard Keynes if there had ever been anything like the Great Depression. Keynes replied, “Yes. It was called the Dark Ages and it lasted 400 years.” Keynes had accura
PDD Holdings (PDD), aka Temu has big institution buying and volume is coming in huge. Volume very strong. Anyone shorting will be swept away by the tsunami wave . This is power buying. China has announced it is increasing minimum wages which should boost productivity. China already has a reputation of being hard working. Chinese people have high saving rate, so it should not be inflationary. Paying higher wages will stimulate the economy. Some of the benefits include low turnover and staff retention. Employee morale goes up while employee sickness goes down, staff turnover is hugely expensive: not just the downtime of the production line but obviously also the training costs: even the search costs to find them. It can indeed be cheaper to pay work
Los Angeles wildfires are on track to be among the costliest in US history, with losses already expected to exceed $135 billion, an area that is home to some of the most expensive property in the US. The insurance industry is also bracing for a major hit, with analysts from firms such as Morningstar and JP Morgan forecasting insured losses of more than $8bn. According to Jesse Livermore, when he shorted the market in 1906, the newspapers were downplaying the extent of the disaster, the San Francisco earthquake and the fires. Fire hydrants have run dry....with no water. Firefighters in Los Angeles continue to battle fast-moving fires under evacuation orders. 180,000 people under evacuation orders. According to Reminiscences of a Stock Operator, he said: