Hi Andy,Spot on @TopCat, MAC’s are bad…well that’s how I always look at things according to Barrel Sitter and his ogres @Diogenese![]()
Slight amendment to that - TENNs uses MACs - just teeny weeny ones.
Even worse, it uses backpropagation.
Hi Andy,Spot on @TopCat, MAC’s are bad…well that’s how I always look at things according to Barrel Sitter and his ogres @Diogenese![]()
Hi Larry.DB please explain how Trump's tariff policy is going to hurt China???? Let's say a 25% tariff (reports are it could be as high as 60%) is placed on Chinese goods that would only mean American's pay a 60% higher price for those goods which will lead to inflation for the US which would lead to higher interest rates and then China could dump some of their massive US treasuries forcing the US to pay more for their debt......and if Trump's policies do hurt China how is that going to be good for Australia who has China as their biggest exporters with over $200B last year.???
Honest question as I don't really give F about who votes for who but respect their choice. I know Trump likes to destroy the norms but I just don't understand this tariff move.
I thought an increase let say 60% in tariffs was only an increase in the current import tax, so say the import tax wax currently 10% it would then go up to 16%?Hi Larry.
This may be wrong and only a simplified version, but it's my take as I understand it.
Any tariff paid, will be a tax, which will directly strengthen the US economy as a direct input.
By effectively increasing the price of foreign goods for its citizens, it makes US produced product more competitively priced, and hence more attractive within America.
This artificial impost is designed to promote manufacturing within USA, effectively turning back the clock to a time when America was still producing 'on shore' rather than importing virtually everything, as we do, from China, and other countries where labour can be had at a cheaper cost.
So, this is designed to promote full employment with a wider range of jobs and more companies producing locally, without having to artificially repress the cost of local production and lower the local standard of living.
This effectively "hurts" China and other current manufacturers (and their suppliers) by effectively reducing demand for their product.
If they wish to retain the volume of their sales, they have to reduce their prices, effectively transferring a portion of their profit margin directly into America's coffers.
Australia and many other countries systematically removed tariffs and adopted various versions of "free trade"during the last century in a bid to help the third world catch up and in the understanding that it would have a beneficial impact on all participants.
That was the theory anyway and we all have witnessed the great strides China (for example) has taken in modernising their infrastructure and increasing the living standards of its people.
However, it was widely expected that other western norms (democratic freedoms and a strong free press) would arise concurrently making these countries foreign versions of us or friendly clones, but strong crackdowns by the extent regimes have prevented this from occurring thus far.
So, in essence, Trump's (make America great again) strategy is designed to reverse the flow of both capital and economic influence from outwards back to inwards for American companies and as a way to reestablish American pride.
America is a large enough economy to be self sustaining so it may well have a short term positive effect, but the longer term repercussions of America's isolationism, both at home and for the rest of the world, are yet to be revealed.
Trump is a business man… on the end they will make a deal which will be worth it for all.. he knows how to bring things up to rolling …I thought an increase let say 60% in tariffs was only an increase in the current import tax, so say the import tax wax currently 10% it would then go up to 16%?
Good analysis HP but I disagree when the country you are imposing these "taxes" against hold your own country's debt in their hands.......as you said....Hi Larry.
This may be wrong and only a simplified version, but it's my take as I understand it.
Any tariff paid, will be a tax, which will directly strengthen the US economy as a direct input.
By effectively increasing the price of foreign goods for its citizens, it makes US produced product more competitively priced, and hence more attractive within America.
This artificial impost is designed to promote manufacturing within USA, effectively turning back the clock to a time when America was still producing 'on shore' rather than importing virtually everything, as we do, from China, and other countries where labour can be had at a cheaper cost.
So, this is designed to promote full employment with a wider range of jobs and more companies producing locally, without having to artificially repress the cost of local production and lower the local standard of living.
This effectively "hurts" China and other current manufacturers (and their suppliers) by effectively reducing demand for their product.
If they wish to retain the volume of their sales, they have to reduce their prices, effectively transferring a portion of their profit margin directly into America's coffers.
Australia and many other countries systematically removed tariffs and adopted various versions of "free trade"during the last century in a bid to help the third world catch up and in the understanding that it would have a beneficial impact on all participants.
That was the theory anyway and we all have witnessed the great strides China (for example) has taken in modernising their infrastructure and increasing the living standards of its people.
However, it was widely expected that other western norms (democratic freedoms and a strong free press) would arise concurrently making these countries foreign versions of us or friendly clones, but strong crackdowns by the extent regimes have prevented this from occurring thus far.
So, in essence, Trump's (make America great again) strategy is designed to reverse the flow of both capital and economic influence from outwards back to inwards for American companies and as a way to reestablish American pride.
America is a large enough economy to be self sustaining so it may well have a short term positive effect, but the longer term repercussions of America's isolationism, both at home and for the rest of the world, are yet to be revealed.
Trump is actually at least a 5x bankrupt businessman (even to his own admission)......so yeah take that as you will....Trump is a business man… on the end they will make a deal which will be worth it for all.. he knows how to bring things up to rolling …
If your not an economist and don’t understand the underlying logic….Good analysis HP but I disagree when the country you are imposing these "taxes" against hold your own country's debt in their hands.......as you said....
"Any tariff paid, will be a tax, which will directly strengthen the US economy as a direct input."
So Trump is in effect raising taxes (which he said he would never do - obvious political rhetoric) and competing against companies paying the lowest wages in the world - which will be even lower compared to the US once the inflation bites due to the tariffs.
Anyway thanks for the analysis.......I am not an economist in any way just don't understand the underlying logic and more importantly the real effect of the tariffs (and not sure DT does either).
Cheers
View attachment 75309
Happy as Larry
Yeah but a businessman who will rule still the most powerful country in the world … what we are doing?Trump is actually at least a 5x bankrupt businessman (even to his own admission)......so yeah take that as you will....
If your not an economist and don’t understand the underlying logic….
WHY IN LARRYS NAME YOU DISAGREE HEEEEEEEERE??
View attachment 75310
Just kidding … ist Sunday evening and I’m excited for next week!see you tomorrow
A lot of politicians here have been bankrupt/gone into administration owing millions to the ato etc and it’s easy to do if you know how. Rinse and repeat.Trump is actually at least a 5x bankrupt businessman (even to his own admission)......so yeah take that as you will....
Only thing you need to know about trump is invest in crypto as you’ll be into a sure thing if you do your research and just a little tip if anyone wants my financial advice don’t buy any chainlink or xrp.Sorry @7für7 ......Larry got a bit carried away with tariffs,Trump and trade shit which I admittedly have no idea about. (But we will see). Apologies everyone and back on track tomorrow...... View attachment 75311
Yeah but a businessman who will rule still the most powerful country in the world … what we are doing?![]()
Yup.......in his own wordsOnly thing you need to know about trump is invest in crypto as you’ll be into a sure thing if you do your research and just a little tip if anyone wants my financial advice don’t buy any chainlink or xrp.
He wants to regulate crypto and especially crypto that has its uses etc stable coins . Bitcoin has no use what so ever apart from it being the 1st major coin.Yup.......in his own words
![]()
Donald Trump calls Bitcoin 'a scam against the dollar'
The controversial former US president thinks the cryptocurrency is a threat to the US dollar.www.bbc.com
Economists don't understand - they believe.If your not an economist and don’t understand the underlying logic….
WHY IN LARRYS NAME YOU DISAGREE HEEEEEEEERE??
View attachment 75310
Just kidding … it’s Sunday evening and I’m excited for next week!see you tomorrow
Trump isn't trying to "hurt China" he's trying to "help America".DB please explain how Trump's tariff policy is going to hurt China???? Let's say a 25% tariff (reports are it could be as high as 60%) is placed on Chinese goods that would only mean American's pay a 60% higher price for those goods which will lead to inflation for the US which would lead to higher interest rates and then China could dump some of their massive US treasuries forcing the US to pay more for their debt......and if Trump's policies do hurt China how is that going to be good for Australia who has China as their biggest exporters with over $200B last year.???
Honest question as I don't really give F about who votes for who but respect their choice. I know Trump likes to destroy the norms but I just don't understand this tariff move.
Hey, I never said he was perfect.But Trump is a dickwad, because he literally did the deed with Stormy. And now he's trying to stop the story from hitting the mainstream when we all know its the truth.![]()