The US Economic Yo-Yo
What a ride it has been over the last month as an economically unhinged US ‘strategy’ for US Imperial economic dominance begins to play out.
I’m not an economist so happy to take advice from those who are and the draconian and flawed Trump strategy of Tariffs for all’ seems to be the kind of thing a drunken dullard might use trying to hail a taxi from the local long after closing time. Shout ‘pay me, pay me’ and expect a free ride home
Canada, for reasons one can assume align to their dismissal of becoming a US state, seem to be a core target. Their expansive trade relationship is now in tatters, all trust held by Canada looking as eroded as a steel can in a bath of hydrochloric acid.
Coming from the Futures line then, I ask ‘If that, then what?’ What kinds of things might we expect to happen given this unfolding story of chaos?
Canada has to an extent, already show its hand – it’ll move to other markets. Rather than offer fealty to the drunkard buffoon, expect them to move quickly to establish other trading partners, pathways for economic and social alignment, and ways to secure their own economic status DESPITE the US. Trump’s model is consistent – talk big, make threats, expect the other party to back down and if they don’t, shift narrative as if nothing ever happened and deny it when raised. But he underestimates Canada for they have something Trump can barely comprehend – good, positive, deep and valued relationships with other countries built on shared interests and curiosity.
As we come toward the end of May, it appears that any economic pain Canada may have felt with diminished trade with the US has already been offset by substantial gains into other markets. What those figures might be is a wait and see. In the meantime, once well established trading routes and supply chains between the two countries are gone. It is unlikely they’ll ever return in the same shape as before.
This is a long game. Australia will not be immune and soon or later Trump will need a big win. As the well worn mantra goes – ‘watch this space’
What does the future hold for Australia in the next 3 months, to 3 years? Travel, work, living… Recording to the one hour session inc a Q&A Here’s the Link: https://us02web.zoom.us/rec/share/pBJqFvN_yZVrktNsN2xWRE7heUTpr226GtyjJpiChG8yZA2D3qEHpACjm8TpMfxd.67Jj1DNSPserOvpZ Passcode: 1DPi*.$Z
Read More >Sometimes the words come to you readily and this small piece has me thinking about what I’d like to say at a time when maybe I’ve lost the cognitive ability to do so Before I was Me Before I was Me I used to be fit, and even quite smart; We’d chat about love,…
Read More >I was doing it well before then and there’s clips of me online going back as far as 2010 or so, railing against the idea of human resources as a label and the insistence by HR managers or CEOs that only people who work ‘in the office’ are going to be productive. It Is A…
Read More >Like lab grown meats, Vertical Farming is going to be part of the future of food. For now it might be best to compare them to small scale battery storage on the electrical grid that can help balance out spikes of demand in the system and provide an output directly where needed. Eventually (like…
Read More >In rental and lease markets it’s fair to say that for the best part of three decades, the landlords have been the price setters. The rules around negative gearing in domestic supply enable sizeable portfolios. Demand in office spaces in central suburbs has been consistently tight. And now, finally, CFO’s have become aware of the…
Read More >With Australia having just about wrestled Covid19 to the ground (NSW remains a bit of an issue) there’s now surging demand for PPE in the USA. The Covid19 virus is tracking toward an exponential increase and PPE Manufacturers should start looking for supply opportunities Sadly in the USA over the past week, they are adding…
Read More >The Mechanical, Psychological, and Biological Interventions of a Pandemic With Johnson and Johnson also pausing it’s #Covid19 #vaccine trial, it is becoming clearer to more of the public, that the long steady path to a vaccine is not something that can be rushed for anyone’s political agenda or preferred view of the world. We’re learning…
Read More >It seems that one way or another, Victoria is going to pop out of #Lockdown. Probably not in the way we would have hoped. And so for everyone pushing for #AfterLockdown in Victoria and for the wider society, there are two questions you must confront: One – ‘What do you feel is an acceptable level…
Read More >No, it’s not easy. Most of the challenges come down to our expectations – are they valid based on the assumptions you have made about your future? Those assumptions are based on the information you have available to you. We gather information, make an assessment of meaning, which leads us to make assumptions for an…
Read More >A thought on the ‘Why should I be in lock-down in my suburb, it’s not fair that we have to do it and no one else has to, my hair’s a mess I need to sell coffees and pizza’ crowd – an explanation you might appreciate You’ve been asked to go back into lock-down…
Read More >