The top 1% of all income earner's in Australia are not affected by any of this at all. And these are the same guys who are booking out these top WL's.
Does not take many guys to book out a top popular WL. So its not a good indicator of how the average punter is going
The average to low-end ML's/WL's are the one's who will feel the crunch of the economic recession as they will not get as many customers as they once did. And the average punter will cut back on punting activities too.
It's possible. I think of the USA like the Germany just before WW2. Their economy was completely farled right before the war. Nazi ideology be damned, there are many like me who think that the single driving force behind them going to war was simply because they had a terrible economy. Their people were dying of starvation. They had nothing to lose.
Imagine if you were starving, couldn't put a roof over your family, couldn't feed them, you couldn't get any joy from anywhere, punting, Netflix, drinking at the pub, you name it, all gone. Life no longer has any meaning. BUT... you stand a chance of getting it all back if you follow the "leader" and go to war. Pause for a minute and think about how you would act in those circumstances.
I'm sure some of you might be thinking "why would Trump want to do such a thing? What does he gain out of it?". Some might say that he's conspiring with his elite buddies to line their pockets, but I personally think that it's a much more stupid reason.
He's trying to avoid prison. Remember that the election that he won was an all or nothing bet from him. He'd been found guilty of crimes and was bound for prison. He was only saved by becoming POTUS. The only way he can stay out of prison was if he continued to be POTUS, and there's no better way to ensure that than to be a wartime president.
A telltale sign that this is the driving force behind his every action is the fact he's even talking about getting a 3rd term within less than 3 months of his current term. The guy is just a crook to the bone, seriously.
Trump is not playing 4d chess. He's tearing down a system that he believes has wronged him and letting elon help for the same reason. He's not looking at china or europe and maybe barely looking at the middle east. He hardly ever looks past the nose on his face. Whatever wisdom there may exist in rightish/libertarian economics are going to be tainted for decades after all this is said and done.
And to expand further, Australia needs to strengthen its local manufacturing and defense. I doubt China is a threat to us anytime soon but we can't rely on the states as protectors or our weapons dealers. We need to think of it as, we're in the deep end on our own out here, and we should act like it
China is not the next world leader. China is a civilisation of merchants that lie, swindle and scam. Everything that built China was innovation invented by the west as a cheap copy. Remember these people caved to communism mid century and genocided their own population now you have a corrupt hedonistic country full of narcissism, almost non existent middle class will a declining birth rate. No one wants to live in China that why they move to the west.
What did I just read? Are you still living in a cave?China won't rule the world , but will lead the world in the next 100 yrs.
China is a global leader in producing STEM (Science, Technology, Engineering, and Mathematics) graduates annually. Here are the key statistics and trends:
### **Annual STEM Graduates in China**
1. **Total STEM Graduates**: China produces approximately **3.57 million STEM graduates per year**, accounting for over **40% of all university degrees** awarded in the country .
- Some sources suggest an even higher figure of **4.7 million STEM graduates** annually, though this may include broader classifications of engineering and science fields .
2. **STEM PhD Graduates**:
- China is projected to produce **more than 77,000 STEM PhD graduates in 2025**, surpassing the U.S. by a ratio of nearly **2:1** .
- Since the mid-2000s, China has consistently graduated more STEM PhDs than the U.S., a key indicator of its growing research competitiveness .
3. **Comparison with Other Countries**:
- China leads globally, followed by India (2.55 million) and the U.S. (820,000) .
- By 2030, India may surpass China in total STEM graduates due to demographic trends .
4. **Fields of Study**:
- Unlike India, where **80% of STEM graduates specialize in IT and engineering**, China has a more diversified distribution, with **55% in engineering/IT** and the rest in broader sciences like AI, biotech, and renewable energy .
5. **Employment Trends**:
- A record **12.22 million college graduates** (including STEM) are expected in 2025, raising concerns about job market saturation amid economic slowdown .
- Over **80% of Chinese students who study abroad now return home**, reversing earlier brain drain trends due to China’s economic growth and research investments .
### **Key Takeaways**
- China’s massive STEM output supports its ambitions in AI, renewable energy, and advanced manufacturing.
- Quality remains concentrated in top-tier universities (e.g., "Double First Class" institutions), though quantity dominates globally .
- The U.S. and other nations are increasingly competing to retain STEM talent, but China’s domestic retention rates are rising .
This is brain washed mentality. I can understand as propaganda is easilly spread over tv, media and Twitter. Spread a lie a thousand times, it becomes the truth. People tend to believe what the majority are saying.
Think about this. If China was the ones stealing innovation and tech from the West to make a cheap copy, then why is the innovation and tech superior and cheaper than the West? Shouldn't the West have superior tech than China?
Yes, a lot of good ideas have come from the West. They develop some thing decent, then sit on it and try bank on it. China sees the good idea, they turn it into a greater idea with better value products.
Nothing wrong with this. Promotes competition. The West needs to step up their game. Better for consumers get better value for their money.
If you can't beat them, join them. If you don't want to join them, Tariff them lol.
Let me guess. You're using "made in China"products every day.. yes, we chinese loved living in Australia. Is a great country.
So USA is winning the trade war vs china? So USA don't need Chinese products? Last I heard Trump is pulling back "some tariff"on China? No,
his friend , Mr Xi didn't call him![]()
Trump has been pretty badly pantsed because he failed to think ahead and he overestimated the bullying that 25% of world GDP could inflict on 75% of world GDP. If he wanted to go to war with China only and used US allies as leverage in that endeavour, perhaps he would have found support and success, or perhaps not given how long it takes for companies to change supply chains. But it is truly baffling to go to a trade war with the whole world, which is only sending countries into new partnerships, including with China.
Other countries have now seen first hand how effective strategic US Treasury sales is.
And just an idle thought, but every time he announces a "concession" he lets other countries know US weak spots which could be export tariffed if other countries want to strike back.