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@rberger@hachyderm.io
2025-04-16 20:53:04

"What comes next? Perhaps it shouldn’t be so hard to imagine, given the drift of what’s now called geoeconomics. Already, China commands global trade, and modeling from Bloomberg shows that, as constituted today, the tariffs will only add to the lead — pushing many more countries to work more with China and less with America. According to one model, 30 percent of American trading partners would fully recover from even total cessation of U.S. trade within one year; within five years, more than half would. "
#GiftArticle #China #USPolitics
nytimes.com/2025/04/16/opinion

@rberger@hachyderm.io
2025-04-12 04:34:48

"For her part, Ms. Petrova is seeing the United States from a new and unsettling vantage point. “I feel like something is happening generally in America,” she said, in an interview over a video link. “Something bad is happening. I don’t think everybody understands.”"
#GiftArticle #USPolitics #UnAmerican
nytimes.com/2025/04/11/science

@rberger@hachyderm.io
2025-04-08 01:29:10

"But Wall Street professionals, like so many other ostensibly smart people, refused to see Trump clearly, mistaking his skill as a demagogue for wisdom as a policymaker. “I don’t think this was foreseeable,” a mournful Ackman posted on X on Monday. “I assumed economic rationality would be paramount.” What an odd assumption to make about a man who bankrupted casinos.
Berezin thinks Wall Street still hasn’t come to terms with the cost of the nascent Trump presidency. “I do think that at this point we might have passed the event horizon, meaning that even if Trump backs off from the tariffs, there’s been enough damage done to the U.S. economy, to the global economy, to investor confidence, consumer confidence, that we’re probably going to see a recession regardless of what happens,” he said.""
#GiftArticle #USPolitics
nytimes.com/2025/04/07/opinion