When is this mess going to end?... Plus, Bank of Canada cuts rate by 0.25%, CoreWeave signs $12 billion OpenAI contract, Google and Anthropic partner for AI security, and more.
Hi Jacob. Interesting article. There are a myraid of questions as to why is President Trump's economic team doing what they are doing. I've done some digging into this 1) America has a TON of debt maturing in the not to distant future, if they can "crash" the economy and drop interest rates 1.5-2% before this it will save American's 2-3 Billion a year in Interest payments. 2) If they are succesfull in "crashing" the economy in turn that will "crash" the dollar and make American exports much more affordable to other buyers. President Trump did in his campain say there was going to be some pain. There are articles and You Tube people out there talking about this.
Hi Jacob. Interesting article. There are a myraid of questions as to why is President Trump's economic team doing what they are doing. I've done some digging into this 1) America has a TON of debt maturing in the not to distant future, if they can "crash" the economy and drop interest rates 1.5-2% before this it will save American's 2-3 Billion a year in Interest payments. 2) If they are succesfull in "crashing" the economy in turn that will "crash" the dollar and make American exports much more affordable to other buyers. President Trump did in his campain say there was going to be some pain. There are articles and You Tube people out there talking about this.
Thanks Jacob
Wow, very cool, Simon. I didn’t know that. Thank you for sharing. I’ll try and find those videos and articles to read.
(Appreciate the compliment!)
Look up article from New York Post entitled ‘ why Trump wants to weaken US dollar - and level global trade
I posted a video under my name, I don't know how to link it to this thread.
All good. I see it.
Thanks for that, will do!