What Happens After Trump's Tariffs Are Imposed?
2025-04-04 15:57:43
A global recession is expected. Mass layoffs and cost cuts will begin.
The GDP of the United States (24%) is almost a quarter of the world GDP. The United States has an impact on the entire world economy. International trade in 50% of cases is conducted in dollars. If the U.S. buys less because of tariffs, it will cause a downturn in the entire global economy in the short term. In the long term, confidence in the U.S. and the dollar will fall, and the focus will shift to China and the yuan as the world's second-largest economy. This whole process will be painful and will be accompanied by massive cost cuts, optimization of business processes, layoffs and closure of enterprises. The United States itself will suffer greatly and will not be able to recover from such a policy, since its factories are distributed around the world and depend on the supply of components and raw materials.
From April 3, 2025, 25% duties on car imports will come into effect, and by May 3, 2025, on auto parts manufactured outside the United States. From April 5, 2025, the minimum basic customs duty of 10% will come into force. From April 9, 2025, the rest of the tariffs will come into effect. The minimum base tariff of 10% will be applied to all countries. Most likely, this will all end after Trump's change as president in 2029. On April 8, Trump introduced a 3-month delay for those countries that did not impose retaliatory tariffs.
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Will artificial intelligence replace programmers?
2025-04-14 11:36:57
No, it will not replace it, but competition for jobs will increase. And there will be a shortage of programmers in the future.
Executives at various IT companies are now publicly declaring that AI will soon replace programmers. Although the CEO of an IT company often understands little about the work of a programmer, for shareholders, the opinion of such people looks authoritative, and they believe him. Laying off programmers without losing profits is nothing more than the wet fantasies of managers and shareholders of companies. If a company cuts its programmers by a factor of five, its competitors will immediately try to overtake it, even if it costs them a couple of years of work without a profit.
What about Google laying off programmers? It lays off expensive American programmers and immediately hires cheap Indian ones. American programmer - 4,000, Indian programmer - 1,500.
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Does it even make sense to trust rating agencies?
2022-06-11 13:52:55
No. Agencies do not cope with the basic task - they cannot objectively assess the creditworthiness of the borrower.
The company that is evaluated pays for the valuation. There is no transparent methodology for calculating the rating that can be verified. Rating agencies are not responsible for the ratings given. Geopolitical interests influence the ratings of agencies.
Usually, rating agencies seriously overestimate ratings for the country they come from.
Agencies twist countries' sovereign ratings
Storm petrels of the crisis How the actions of rating agencies led the world to financial collapse
What you need to know about ratings and rating agencies
How credit ratings agencies rule the world
Accuracy 40
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Will Twitter succeed under Elon Musk?
2022-11-12 22:02:45
Yes, but it will no longer be Twitter.
Elon Musk wants to turn Twitter into something like WeChat
Any product will be profitable if it is engaged and invested in
Elon Musk tells employees he wants Twitter to be more like WeChat and TikTok
Accuracy 10
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