Personal Finance Topics / Macroeconomic Trends and Risks
No. of Recommendations: 3
This is not meant to be a partisan political statement, but rather a reflection of current geopolitics and psychology.
There is going to be a meeting today between Putin and Trump with no one else present except for interpreters. Trump stated that, within two minutes he will know whether a deal is possible. Putin has indicated that, besides the Ukrainian "problem", he wants to talk about the Arctic - as both countries are "Arctic Powers".
I believe there is a possibility that the "land swap" involving Ukraine will go something like "Give me Ukraine and I'll give you Greenland".
Having recently visited bo5th countries, I can tell you that nearly every Canadian loathes the idea of being incorporated into the US. Well, Greenlanders hate that idea even more.
We live in a country where its worth the tick of inflation to increase tariffs to our "ally" Brazil to punish them for the "witch hunt" of their putting a former president on trial for a coup attempt causing a "violation of human rights". Every American should think about how much this issue is costing them every time they buy a cup of coffee and consider how irrational it is.
Jeff
No. of Recommendations: 2
Furthering my idea:
Russian Foreign Minister Sergey Lavrov said Moscow will present a “clear, understandable position” to US President Donald Trump during his summit with Russian President Vladimir Putin.
Lavrov spoke briefly to reporters as he arrived at a hotel in Anchorage on Thursday, wearing a sweater emblazoned with “CCCP” – the Cyrillic lettering for “USSR.”
Lavrov said that a lot was done during US special envoy Steve Witkoff’s recent visit to Moscow, and that the Kremlin hopes to continue this “useful conversation” at today’s summit.
If I was a Latvian, Lithuanian or Estonian, I would be chilled at the thought of Ukraine giving up the defensive line along their current eastern front (including the Dnipro River (also known as Dnieper) forms the natural defensive line along Ukraine's eastern front. It serves as a significant barrier separating Russian and Ukrainian forces, particularly in the Kherson region).
If I was Polish, I would be nearly aas nervious - remembering that much oof Poland was part of Russia until about a century ago.
Jeff
No. of Recommendations: 2
"Every American should think about how much this issue is costing them every time they buy a cup of coffee and consider how irrational it is."
I agree. Americans need to feel the pain of their vote to elect this ............
whatever he is. The next test is to see the consumer reaction to the higher prices,
while Trump concurrently proclaims that inflation is 0%, and it's all Biden's fault
anyways. And if we collectively fail that test, then we'll check again around
Christmas shopping season. If there is one thing that Americans are addicted to, it's
Christmas shopping. So we'll see how that hits their wallets and purses, while Trump trots
out the same old tired excuses about how Trump is the victim here.
Anecdote: did a late run to grocery store last night, a good sized store and company, so not
a Mom and Pop. Shelves had noticeable bare spots. Not sure if that is due to staff issues,
or inventory issues. And prices are up.
No. of Recommendations: 1
Trump stated that, within two minutes he will know whether a deal is possible.
Spankee has zero cards to play--unless he threatens to have US troops in Ukraine ASAP.
Let's see how much of the US is left after Spankee fails at yet another meeting where he has been outmatched and outplayed since the 1980s (or even earlier).
No. of Recommendations: 1
Every American should think...
That's a big ask.
No. of Recommendations: 3
And if we collectively fail that test, then we'll check again around
Christmas shopping season.
Maybe that will get some attention, but it’s the grocery prices that killed Biden. Everyone shops every week. When eggs took off, everybody saw it, and it was dramatic. Then they started noticing it on everything else.
If a bicycle costs another $10 at Christmas I don’t think it will have the same impact. The good news (?) is that grocery prices are bound to be affected along with everything else thanks to “no workers in the field” and other general inflation costs: wages, transport, etc.
No. of Recommendations: 2
Maybe that will get some attention, but it’s the grocery prices that killed Biden. Everyone shops every week. When eggs took off, everybody saw it, and it was dramatic. Then they started noticing it on everything else.
Inflation moderated quite a bit under Biden but voters punished him for it anyway. I can kind of see why. I have idea in my head how much stuff should cost, every time I go to the store it always costs more than that. Prices have quit going up for the most part, but I'm still "surprised" at how much everything costs. A fast food meal should be less than $10, but it is more than $10. Time for a new president!
No. of Recommendations: 1
We tend to shop a lot for fresh fruit and veggies. Lately, I've noticed that, deespite it beinng prime growing season, lots of prices are going up. already.
Jeff
No. of Recommendations: 0
...deespite it beinng prime growing season, lots of prices are going up. already...
As they say, Never let a good crisis go to waste!
IP,
who has been happily gobbling up excess produce from friends' gardens!
No. of Recommendations: 2
If I was Polish, I would be nearly aas nervious - remembering that much oof Poland was part of Russia until about a century ago.
Perhaps more recently. USSR invaded Poland Sept 17, 1939, a couple of weeks after Germany invaded Poland.
Aussi
