The job market, inflation and tariffs

Discussion in 'Politics & Current Events' started by superdave, Nov 22, 2021.

  1. spejic

    spejic Cautionary example

    Mar 1, 1999
    San Rafael, CA
    Club:
    San Jose Earthquakes
    I think it's important for a country not to overspecialize. Specialization introduces efficiencies and increases overall wealth, but it's almost always to the benefit of a few, and more importantly it creates a more brittle society that can't handle changes well, or even at all.
     
  2. spejic

    spejic Cautionary example

    Mar 1, 1999
    San Rafael, CA
    Club:
    San Jose Earthquakes
    Using PVC is kind of crazy. It's harder and more brittle than polystyrene, and it's harder to glue. Epoxies don't stick well to PVC and solvent glues are nastier and don't work as well as with styrene (which is why this person didn't and used superglue). I can see its use in some places - it's super cheap compared to styrene modeling stock. I think it's hard mode in a hobby that is already plenty difficult.
     
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  3. Auriaprottu

    Auriaprottu Member+

    Atlanta Damn United
    Apr 1, 2002
    The back of the bus
    Club:
    Atlanta
    Nat'l Team:
    --other--
    I do understand what you're saying, but this would be impressive even with easy plastic to work and glue. He may well be doing it because he wants to show that the process doesn't have to be expensive.

    In any case, I'm not cynical enough about it to see the specific choice of material as some kind of flex. Not quite, anyway...
     
  4. spejic

    spejic Cautionary example

    Mar 1, 1999
    San Rafael, CA
    Club:
    San Jose Earthquakes
    I mostly build kits, but I do scratchbuilding too. Here's something I've been working on for a while. It's a 1/700 scale Ishikari-class destroyer-escort, used by the Japanese Self Defense Force in the 1980's and 90's. It's about 5 inches long.

    DE226_02build02.jpg

    I'll start painting soon, but I have to fix something with the lifeboat launchers.
     
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  5. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    ISM Manufacturing survey. Index down from prior month, and from estimates. So are inventories. Otherwise fairly stable.

    [​IMG]
     
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  6. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Philly Fed Manufacturing survey

    [​IMG]

    Once again, and up and down pattern presenting. But what has analysts attention is the employment number which is up fron 2 months ago, but very much down from last month. Per Marketwatch (which I think is Factset), esimates of the top line were -4.5, so a very big improvement.
     
  7. Sufjan Guzan

    Sufjan Guzan Member+

    Feb 13, 2016
    Good numbers. I think the most important employment number that I never see a lot of people talk about is underemployed people. Conservatively the workforce is at 25 percent underemployed, but I've seen numbers at 30%. The fact is if you don't know someone underemployed in 2026 in America's economy I would question how many people you know under the age of 40. I know a girl with a Masters Degree working at Lowes.
     
  8. Robert Borden

    Robert Borden Member+

    Chelsea
    Canada
    Apr 19, 2017
    Toronto, Ontario
    Nat'l Team:
    Canada
    Canada agrees to cut its 100% tariff on Chinese EVs in return for lower duties on Canadian farm products, in a break with the U.S.

    Mark Carney slashes Canada's 100% tariff on Chinese EVs and announces that up to 49,000 Chinese electric cars will be imported into Canada with only a 6.1% tariff.

    In return, China has agreed to slash tariffs on canola imports from 84% to 15% by March 1.
    .

    2012102780740059212 is not a valid tweet id
     
  9. JamesA

    JamesA Member+

    Dec 7, 2004
    Victoria
    Club:
    Manchester United FC
    I bet Trump is going to cancel USMCA in response.
     
  10. Robert Borden

    Robert Borden Member+

    Chelsea
    Canada
    Apr 19, 2017
    Toronto, Ontario
    Nat'l Team:
    Canada
    Rumblings that Peter Navarro wants Canada kicked out of the five eyes because Carney acknowledged China within the new multipolar world and praising XI leadership - more small D energy from the White House
     
  11. celito

    celito Moderator
    Staff Member

    Palmeiras
    Brazil
    Feb 28, 2005
    USA
    Club:
    Palmeiras Sao Paulo
    Nat'l Team:
    Brazil
    Are Canada demanding a "to sell a car in Canada you have build a car in Canada" policy ? Or are they just gonna open their legs to the Chinese ?
     
  12. JamesA

    JamesA Member+

    Dec 7, 2004
    Victoria
    Club:
    Manchester United FC
    Opening our legs, in exchange for the Chinese dropping tariffs on our Canola and seafood. We had no choice due to Trump. (Good job Trump on driving us, your previously faithful neighbor, closer to China).

    The good news though is that it's a quotafir Chinese EVs, less than 20% of our total EV market, which isn't huge. It's up to 49,000 cars annually.
     
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  13. celito

    celito Moderator
    Staff Member

    Palmeiras
    Brazil
    Feb 28, 2005
    USA
    Club:
    Palmeiras Sao Paulo
    Nat'l Team:
    Brazil
    Only a small amount ... but that's letting the foot in the door.

    Exporting agriculture at the cost of deindustrialization isn't great in the long term though. I get it Canada is in a tough spot with Trump. I am not sure what the plans of the current car makers operating in Canada are with all the tariff chaos. That is an industry that does provide jobs for Canadians. Just wondering if Canada is gonna make the same demand from China that they made from the Americans and Japanese in the past (at least from the understanding I have). Maybe not in the short term, but at least in the medium.
     
  14. Robert Borden

    Robert Borden Member+

    Chelsea
    Canada
    Apr 19, 2017
    Toronto, Ontario
    Nat'l Team:
    Canada
    I'm happy this throws Tesla and that smug Musk under the bus.

    Interesting characterization of our attempt to diversify away from an entitled and arrogant nation openly declaring that it wants Canadian economy destroyed and annexation. This smug attitude is exactly why the world can't stand the US.
     
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  15. Robert Borden

    Robert Borden Member+

    Chelsea
    Canada
    Apr 19, 2017
    Toronto, Ontario
    Nat'l Team:
    Canada
    Trump flat out said he want the Canadian auto industry destroyed. Diversification is the only path and we can't afford to wait around to see if the senile pedophile is bluffing
     
  16. celito

    celito Moderator
    Staff Member

    Palmeiras
    Brazil
    Feb 28, 2005
    USA
    Club:
    Palmeiras Sao Paulo
    Nat'l Team:
    Brazil
    That's fine. If your car industry is going away anyways, then might as well go for the lowest priced product. Just pointing out if you don't make the same type of demands from the Chinese, you're not really diversifying your industry ... you're just diversifying your imports. BYD built a plant in Brazil, so I don't see why Canada (if not at first) at some point makes that a requirement. Just not sure what kind of leverage you'd have down the line.
     
  17. I think that's a rather crude misogynic remark you made.
     
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  18. JamesA

    JamesA Member+

    Dec 7, 2004
    Victoria
    Club:
    Manchester United FC
    I think that may still happen down the line, but we're easing in until we figure out the CUSMA renewal and get past your mid terms.

    We're taking steps, but methodically with room to maneuver again.
     
  19. Sounders78

    Sounders78 Member+

    Apr 20, 2009
    Ireland
    Club:
    Seattle Sounders
    Nat'l Team:
    France

    Just a reminder that "smug Musk" is also a Canadian citizen.
     
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  20. Q*bert Jones III

    Q*bert Jones III The People's Poet

    Feb 12, 2005
    Woodstock, NY
    Club:
    DC United
    I don't know nuthin' about nuthin' but if Canadians are even thinking about the midterms, you're doing it wrong. The Democrats could crush the midterms and win the next presidency but eventually the Republicans will win again and it's going to be even more painful for you. You're kicking the can down the road but the road is getting shorter.
     
  21. Cascarino's Pizzeria

    Apr 29, 2001
    New Jersey, USA
    People toss out nonsense corporate-speak to see if it flies with co-workers :D

    It all started when an X user named Tomie shared what would go on to become a hugely viral post: "I've started saying nonsense phrases at work like 'that's neither cheese nor cheddar' just to see my coworkers nod seriously like they understand."

    Daniel Berk added a few of his own:

    "Let's not microwave the lasagna on this one."

    "We might be polishing the doorknob instead of opening the door."

    "This feels like we're alphabetizing water."

    "Let's not put racing stripes on a parked car."

    "That's a lot of garnish for no entrée."

    "We're measuring the shadow, not the object."

    https://www.upworthy.com/made-up-business-idioms
     
  22. superdave

    superdave Member+

    Jul 14, 1999
    Raleigh NC
    Club:
    DC United
    Nat'l Team:
    United States
    That’s a lot of garnish for no entree is pretty good.

    Or will be if I’m around people who don’t need to be told what a garnish is.
     
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  23. Pønch

    Pønch Saprissista

    Aug 23, 2006
    Donde siempre
    I swear I've heard the racing stripes on a parked car one in a meeting before
     
  24. Robert Borden

    Robert Borden Member+

    Chelsea
    Canada
    Apr 19, 2017
    Toronto, Ontario
    Nat'l Team:
    Canada
    No, we're doing it right. The US is too unreliable for us to be thinking that way. The sooner we pivot, the better we'll do down the road.
    2012428378901549147 is not a valid tweet id
     
  25. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    People over rate the immediate importance of these trade agreements and tariff rates.

    I appreciate not everyone was balls deep in Brexit for years to learn all this stuff but nothing will get de-industrialised in the short view.

    The main point here is that Canada, and indeed all the trading bloc, can't rely on their arrangements with the US anymore, because trump is ripping up the agreements for the umpteenth time this year. Investment can't work on that basis.

    Also the US itself is not being tough on China, and Trump is trashing the advantage north america + EU had over china.So the whole posture vs China for a huge trading entity like the EU may no longer make sense.

    Trade with China is structurally a huge issue, but China is reliable to this point as a partner which the US isn't

    So I don't see any other move that one back towards China for a new trading order.

    China has obviously played it's cards much better than the US over the last year and now is set to dominate multiple critical industries because the US decided to destroy its own position.

    Congrats everyone!
     
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