First, on Trump and War. Ukraine-Russia War has not been solved in one day. Israel-Hamas War is getting worse and worse. Trump's attempt to convert the Gaza Strip into an American resort was taken by the Middle East to be a big joke. He has initiated a global trade war . The bear market woke up today . Dow Jones: - 1630 3.9% drop S&P 500: -274 4.84% drop Nasdaq composite: -1050 -6.97% Countermeasures and retaliation will of course occur. Ordinary households will be most affected, for they will be hurt by higher prices on everything, with a higher unemployment rate. Stagflation, inflation and recession are looming. Read this article released today in The Economist, President Trump's mindless tariffs will cause economic havoc. Shingles can be terrible, and could be hurting you for up to a month. I was tempted to show a few photos, but will save you the horror. Early Symptoms: Burning, tingling, or shooting pain in a s...
Before our science topic of this Wednesday, first the latest in the politics of the USA. About Trump reciprocal taxes and Liberation Day, let's start by being realistic. The U.S. has a sizable trade deficit every year mostly because our exported products are too expensive. Start with a simple matter of what it costs to produce anything. Unions are part of the problem, too, but workers here get paid from $30 to $40/hour in many industries. That is what is earned by employees in China...but per day. And that's high, for here is what is the monthly wage in these Asian countries per month : China $193-332, Vietnam $107-$156, India $74-$223 and Cambodia $122. In the Rose Garden at 4:10PM EDT today, you can yourself watch President Donald Trump's Liberation Day remarks : Tariff speech shared some facts, exaggerated a lot, downright lied here and there, and continues the process of screwing up the best current economy of the world, ours. There wi...