Recent content by enoilgam

It's the internet, try not too take it too seriously - good advice to remember. On the topic of tariffs, it will be interesting to see how markets react next week. Im thinking things will flatline - as with a lot of things Trump related, a whole lot of hype followed by a whole lot of nothing...

I think there could be some merit to this part of the plan. China is a bit of a bad actor on trade and the US needs to draw a line. Most US Presidents wouldn't be able to implement harsh tariffs on China because the US population would quickly sour on them. However, Trump, with his unique...

Sounds like one of them socialist plots from China.

It must be that 23 D chess that he seems to enjoy playing.

Interestingly, China has tried to use this to form an alliance of trading partners to combat the tariffs, including Australia. However, Australia has politely rebuffed them in favour of forming closer ties to the EU. It just goes to show how much damage the "Wolf Warrior" diplomacy of the...

I think this might be the biggest compliment Ive received on BoS. Question, you have pointed out that countries protect their auto industries, what were your thoughts on Abbott's decision to no longer support our auto industry (thus leading to its closure)

There is an advantage to maintaining a manufacturing sector in most advanced economies (which is usually what targeted tariffs protect). However, there is a reason most major economies move on from manufacturing towards service sectors as they grow. Also I feel in a lot of ways, manufacturing...

Also on a serious note, the quality of Chinese stuff has improved a lot in recent years. I had a large fishtank and I used a lot of Chinese products and I have to say, that stuff lasted for YEARS. Whenever Id use the recommended US and German made products they constantly broke down (they were...

Temu/Shein go too hard.

If this causes interest rates to go down, young people in secure employment with mortgages may be big winners in Australia. RIP older people though, their super will be taking a HUGE hit right about now.

It depends, you don't have to reciprocate the tariffs, often countries do but not always. I think most countries will respond in a measured and calculated manner. Where Trump will lose is he has filled his government largely with yes people. Whereas a lot of other countries will have more...

His polls are fluctuating. For all the negative press, Trump has succeeded at cracking down on illegal immigration which is quite popular. Now, I disagree with the manner it has been done (i.e. the utter lack of compassion and due process) and dont think that it will quite solve America's...

It will be interesting to see if Australia can avoid the potential global recession coming. The US on the other hand, Id be surprised if it avoids a long and painful recession.

Been ages since Ive answered one of these, but an essay by default should have a single position/argument. What top tier essays do is give an overview of arguments counter to the one being argued and then disprove them. For example, "Some people claim X event wasnt significant to Y for these...