Loading ...and it was only months ago that copper was touted to double in price yadayadayada but now everything’s on the dung heap. (well, not gold. Second highest close in history today in Aussie dollars). More wealth destroying pumps from the Experts.
Now Trump announces a $1tn defence budget. Tells the world that China WILL come to the negotiating table. Starting to diss Putin because he won’t give up on his non-negotiables; I don’t think Trump understands what that phrase means. Trump is setting himself up for some big losses and in my experience when egos of that size are cut down the other side of the world is a good place to be.
Navarro and Musk are at odds, with Navarro calling Musk a car assembler because even the ‘most American made’ cars have between 25% to 40% foreign content. GM is 71%. You can’t turn that manufacturing deficit around in months, especially amongst all this uncertainty. Who will invest, and I don’t mean which company because the amounts are far too big to come out of companies’ reserves, no, which investors, equity and debt, are going to give/lend money for expansion during an equity market crash or a corporate debt bust?
What are popcorn futs looking like?