Economy

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Originally Posted by Wayne

Though I suspect AI will just further alienate the complacent and there’ll be a larger pool of the disengaged.
I’ve met dozens of these new Japanese girls who are nowadays replacing Chinese students in the brothels. What strikes me is how well educated-but uneducated they are. Most seem to be at university level, but have little idea of the opportunities they have in this digital economy. They appear lazy. Even 10 years ago you wouldn’t be getting these sort of women in sydney brothels.

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Now don't get me wrong, even if they are at uni and have a degree getting a job on their own field is like a dream to most of the offshore students. Without the right connection and network getting a corporate job is close to impossible these days. The people who are born here already have a really hard time finding jobs, so the chance of international getting a job is very low. Even though have a digital economy it's gonna be really hard getting the job considering the competition that they have. Although some of them could be lazy but I wouldn't group most of them together.

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Originally Posted by GoldfishMan

You couldn't detect his sarcasm? Come on...

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Yeah ok on second reading. Never know in this place but glad that's what it is.

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Originally Posted by HiredGoon

Make America great by increasing the amount of working poor? There's no way the US can produce those things at the low cost VN can. What's wrong with service industry jobs?

A lot of US manufacturing industries (like the auto industry) rely on some parts manufactured overseas too so the price of those cars will increase. Ford is already laying off workers.

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Absolutely. I think I read a shitpost where someone said an iPhone costs $1,500 which after tariffs will be $1,918. But don't worry! When Apple brings back manufacturing to the US it will cost $2,500.

For me the breath-taking stupidity of the Trump position is that he regards trade imbalances as being taken advantage of. Like what mate? Vietnam can makes shoes for cheap and can't afford to import from you because their currency is too weak. So he says that a 90% trade imbalance and we are going to tariff you 45% or whatever it is. Well done genius, shoes go up and the seppos still can't make them cheaper at home.

What about Australia? We have the position where we import more from the US than we export to them, so we are slugged with the base rate 10%. Make it make sense.

How many of you guys feel a sense of job security in today’s economy? How many of you will leave for more money or are you concerned to give up that security you may have now?

Actually now that I understand the nature of the Trump tariffs more, I gotta admit.... He's a complete idiot. No other way to describe how stupid his "strategy" is.

I think the problem here is not only does he not understand trade and doing REAL business (not phoney, inherited real estate empire style "business") in general, he is also surrounded by idiots that he unfortunately hand-picked himself (discussing war plans on Signal and inviting a journo to the chat, for example). It's like he built a ship full of holes and jumped right into it.

The irony is I think he will likely be deposed in the same style that he tried to stir up in the election before the last. Through an insurrection. Once enough people want him gone, he will be gone, regardless of due process. Sayonara, Mr Trump.

Damn the stock market is crashing, I think I will stop punting for a bit.
Who knows how long and how low this is going to go?

Cash is king now, not giving it away to hookers.

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Originally Posted by Ziggurat

What do you mean by "better?" :question:

He's wreaking all this havoc and thinks "Gard" intervened for him to do it by slightly diverting the bullet.

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Aha it’s just a turn of phrase but if you ask my opinion, at the end of the day in the long term and from a global outlook there is no better or worse, just different. Trump was voted in by the American people, who were in turn responding to a perceived sense that the old way was not working for them.

There’s this general thought that western liberalism, through its values of democracy, capitalism, and freedom of choice, has led to a rising of global living standards and prosperity for most, however the balance may be starting to tip with many now feeling like inequality has increased. Which has led to the growth of many nationalistic movements.

In the short and medium term that will probably mean a lot of economic pain, but eventually there will be a new equilibrium reached. Will it be better or worse? Depends who you ask the question to..

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Originally Posted by pmmeyourknee_

Damn the stock market is crashing, I think I will stop punting for a bit.
Who knows how long and how low this is going to go?

Cash is king now, not giving it away to hookers.

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But if we all stop punting, lowering demand, the supply will slow too! Who will take one for the team and keep the punting market afloat for us all?

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Originally Posted by BongoMongo

But if we all stop punting, lowering demand, the supply will slow too! Who will take one for the team and keep the punting market afloat for us all?

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Nikkei crashed harder, you really think J-Girls are going to stop coming. They're doing significantly worse than us. We'll be fine

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Originally Posted by BongoMongo

But if we all stop punting, lowering demand, the supply will slow too! Who will take one for the team and keep the punting market afloat for us all?

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But if we all stop punting , stop paying rates , stop voting , stop ... hahaha you're dreaming.
Despite all the grumblings people will continue and adjust . The system is stacked up against those that don't like how things are .

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Originally Posted by pmmeyourknee_

Damn the stock market is crashing, I think I will stop punting for a bit.
Who knows how long and how low this is going to go?

Cash is king now, not giving it away to hookers.

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Cash is king hahaha it'll be obsolete soon enough. Hookers or punting in general is a luxury , when finances are strained the toys , luxuries and non essentials are the first to be sacrificed

business, economy, even your career will go in cycle. Good times followed by bad times, vice versa, almost guaranteed like days followed by nights.

my business was flying for 12+ years, I thought nothing could go wrong, and it did go wrong. I've had to cut costs to the bone, now it's stable but the industry has gone through its own cycle and tough to do business.

This Trump tariffs is a great opportunity to make money in the stock market. I have about 20% in cash and looking to deploy into the stock market. Thanks to Mr Trump, now I have a second chance to make generational wealth.

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Originally Posted by Hedonisticfun

Cash is king hahaha it'll be obsolete soon enough. Hookers or punting in general is a luxury , when finances are strained the toys , luxuries and non essentials are the first to be sacrificed

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The "Stripper Index" is meant to be a forward looking indicator for predicting a recession, however I'm under the impression that business is/was still steady, or even booming? Case in point that new No5. J Girl Midori, J RiRi $380 1 hr minimum within 1 week, Ice $420 and booked out, etc.

So people obviously are still flush with cash for "discretionary" spending (for now at least)

Trump has just cost me around 200 future punts with the current economic crash.

Soon it will be time to make some big money and cash is king. Plus Albo is crashing our economy.

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Originally Posted by jamesbond007

Trump has just cost me around 200 future punts with the current economic crash.

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Call me a nut job but I honestly reckon the US is preparing to go to war with China, i mean Taiwan/SEA to China is what ukraine is to russia and putin still invaded over it.

A tldr is that just like in WW2, America was able to win it millitary simply by the fact of its logistics capability in being able to support russia, Europe and its self by its industrial output through its already existing domestic manufacturing capabilities, alot of companies manufacturing goods for everyday households where able to swap over to building tanks, planes and guns etc really quickly.

I think he is trying to bring that domestic output back without publicly adressing the elephant in the room because when shit kicks off, the first things to be going are global lines of communication and global supply routes. Sounds drastic but it kills two birds with one stone, helps americas economy with local consumption of products but also having the capacity and materials to produce self sufficiently in war time economy.

Market tanked today.

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Originally Posted by ironmonk

The "Stripper Index" is meant to be a forward looking indicator for predicting a recession, however I'm under the impression that business is/was still steady, or even booming? Case in point that new No5. J Girl Midori, J RiRi $380 1 hr minimum within 1 week, Ice $420 and booked out, etc.

So people obviously are still flush with cash for "discretionary" spending (for now at least)

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Doesn't take many people to book out a few top wls so not the greatest indicator.

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Originally Posted by Vader

Soon it will be time to make some big money and cash is king. Plus Albo is crashing our economy.

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In what way? Economic figures have been steadily improving.

I thought most of the Japanese girls were FIFO. Where are the ones living and studying here?