Well, it depends on how they're regulated in the end. If stablecoins issued by institutions like JPM and others are regulated to not hold more than a certain percentage of assets for that purpose, I don’t think there’d be an issue.
Well, it depends on how they're regulated in the end. If stablecoins issued by institutions like JPM and others are regulated to not hold more than a certain percentage of assets for that purpose, I don’t think there’d be an issue.
I’m not clear on stablecoins: if their underlying assets are dollar-denominated, it’s like saying U.S. debt is a threat to the dollar...
The Israeli government is de facto condoning and justifying what Hitler's Nazis did to them, given the solution they have adopted to the "Palestinian problem?"
If it earns a lot, it's because it sells a lot of units, not because of its huge margins...
I don't know if it'll help, but Walmart's gross margin is less than 25%... The operating margin is less than 5%... Walmart sells a lot of products from China (30% tariffs right now)...
All of this is still avoidable. The government should talk to economists who have experienced other tariff increases in the US to understand how absurd and damaging this can be for the country...
Private consumption makes up around 70% of the U.S. economy.
This whole mess seems driven by a push to raise more revenue — but that’s far from guaranteed. A consumption-driven slowdown, plus increased pressure on automatic stabilizers (subsidies, welfare, etc.), could end up reducing tax receipts.
If I were a country exporting to the U.S., I wouldn’t worry much yet about competitiveness there. All exporters are in the same boat, local supply will take time (if it comes at all), and rising costs won’t help. The real threat is shrinking U.S. demand — the poor consumer takes the hit.
Reducing the need for debt is better than cutting off dollar inflows that foreigners use to buy your debt. If you do the second but not the first, the capital flows sustaining your borrowing break down — the virtuous (or vicious?) cycle ends.
This means that economic uncertainty will persist for longer, and I think that's killing markets and economies by halting investment and business decisions....
It's fine to set up barriers if they consider their numbers excessive or the arrival too rapid. The ideal approach is legal immigration, e.g., through annual quotas, as in other places, to allow the system to gradually absorb the demand.
My country also has immigration, but instead of fighting it, it has used it to replace a declining birth rate and exploit it economically. It is now one of the fastest-growing developed countries, thanks in part to immigration...
I don't see the economic utility of deporting all illegal immigrants: They are low-skilled workers who want to work in the country. The country need low-skilled labor because you can't find local people willing to do those jobs. Unemployment rate of 4%, close full employment. Non-economic reasons?