Nine the stocks are crashing, but you know what’s going up?
In 2024, there was a very strong Black Monday when Japan raised its fixed-term rates (or something like that). I remember, I was having coffee in my office when I saw it and mentioned it to a colleague, who said, "Don't believe in that stuff, it's only for the rich. We have nothing to do with it."
Also:
Well, there was all that talk about investors (or rather, traders) buying and selling currencies (dollar-yen) and profiting precisely because of the low rates. When the government raised rates, that stopped being profitable, and they started buying dollars and went to take refuge elsewhere. The rest is a domino effect. At least that's what I understood.
>I just look to see what companies are going down or not. This effects of working class
Me too.
If we understand how the market works and its chronic crises, we can also understand how to protect the proletariat from economic recession.
https://medium.com/@wesleychin21/the-black-monday-crash-of-2024-359ee19cd3ad
>chronic crises
When I was a kid I would ask my mom why we didn’t own stocks, her main reason was it was unethical. I honestly agree, I don’t want to support the outsourcing, offshoring, and modern day slavery practices by big corporations.
>economic recession
In America at least, I almost to get trump’s plan of putting the factories back into America. Overall if pulled off then people will be having better working conditions and pay. But that is if he can pull it off, which is providing a challenge.
>In America at least, I almost to get trump’s plan of putting the factories back into America. Overall if pulled off then people will be having better working conditions and pay. But that is if he can pull it off, which is providing a challenge.
Oh, yes! That's going to be good in particular terms because by "importing" capital back, there will be jobs for people (where there are means of production, there is an active workforce). It won't be good for the rest of the world because if a factory opens in the US, it will then close somewhere else (probably China. Which would explain why China doesn't take it well—in addition to the tariffs, which are part of Trump's strategy to reclaim domestic capital).
But in general terms, I don't think it will work. From what I've been reading, the US has been deindustrialized for 40 years; it can't recover from that in a couple of five-year periods. Meanwhile, powers like China and India, and some countries in the Middle East and Latin America (Brazil and Mexico) are emerging. But anyway, I don't think ordinary people who manage to get a job thanks to a local factory will care about that (it's similar to when a foreign company opens in Latin America, only this would be the reverse).
I believe this plan is a desperate strategy and unrealistic for reindustrializing the US economy. But it may have an opportunity in new technologies.
>Yet certain statistics also lend a superficial plausibility to claims of domestic manufacturing’s dire state. U.S. manufacturing employment peaked in 1979 at 19.5 million employees, stood at just over 17 million in 2000, and has since dropped to approximately 13 million as of January 2023. In relative terms, the percentage of workers employed in manufacturing has more than halved since 1980 as did its share of gross domestic product (GDP) from 1978 to 2018.
>Such declines also correlate with a growing embrace of trade liberalization over this period via such initiatives as the North American Free Trade Agreement, conclusion of the Uruguay Round of trade negotiations and agreement to establish the World Trade Organization (WTO), and China’s accession to the WTO (although the decline was already underway when each of these took place).
>Regardless of how one defines manufacturing, the United States is clearly one of its heavy hitters. In 2021, it ranked second in the share of global manufacturing output at 15.92 percent—greater than Japan, Germany, and South Korea combined—and the sector by itself would constitute the world’s eighth-largest economy. The United States was the world’s fourth-largest steel producer in 2020, second-largest automaker in 2021, and largest aerospace exporter in 2021.
https://www.cato.org/publications/reality-american-deindustrialization#deindustrialization-worries-are-nothing-new
>When I was a kid I would ask my mom why we didn’t own stocks, her main reason was it was unethical. I honestly agree, I don’t want to support the outsourcing, offshoring, and modern day slavery practices by big corporations.
Oh no! It can actually be a weapon of emancipation. We must learn how the speculative market and trade in general work. >>344676
>has been deindustrialized for 40 years; it can't recover from that in a couple of five-year periods.
The lack of cooperation of other countries and this fact are his biggest blunders.
>I believe this plan is a desperate strategy and unrealistic for reindustrializing the US economy
Economist agree, the plan is most likely going to fail.