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20 sats \ 10 replies \ @Undisciplined 18 Mar \ on: Recession Canceled: US Industrial Production Jumps To Record High econ
We're going to have to see how everything shakes out. Manufacturing benefits from tariffs, while other sectors struggle.
not necessarily. manufacturing output already near record highs. the goal of tariffs on the other hand is manufacturing jobs which is completely different/a different metric
and if manufacturing pays more for steel or other raw inputs which are imported, costs are higher which makes manufacturing output in the us less competitive
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Good point. I should have said “manufacturing can benefit from tariffs.” It’s definitely not a sure thing.
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my issue is that it's government picking winners and losers. if your product depends on imported goods (no way to source them domestically) then you're at a competitive disadvantage. if however you can make the product 'here' and imported versions are your competition... you're at an advantage.
it feels like 'crony capitalism' 'to benefit the nation' which i don't believe
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Sure, but you always have to ask "Compared to what?"
If we all we get are these tariffs, then it's definitely not beneficial. However, if we get tariffs plus deregulation and tax cuts on productive activities, that may well be beneficial.
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the tariffs plus deregulation plus tax cuts... will still leave the us with a huge budget deficit. that deficit cannot go on forever because it's compounding and eventually it spells the end of the american empire (if it hasn't already)
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It's not like anyone is seriously contending with that, though.
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which is the issue
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That's so true but I've had a contradictory news that equities fell to records lows in March. #916866
It all seems like mix mash, juicy yet sour.
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You expect a lot of mixed signals in an economic correction.
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Well I'm a normie! Haha
I'm easily affected by these corrections.
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