I sure hope there's more to this, such major concessions for a mere 10% reduction in tariffs is an absolutely major buzzkill.
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- Thread starter bd popeye
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The bubble will not burst.
This AI is real, for the work force, it improves the employee. Therefore, as the employee becomes more productive, then that drives growth.
All the money spent, is in the data centers, which are required. More use of AI means more tokens being inputted and outputted, which means the demand for and the computer power will grow exponentially.
The talk lately is that OpenAI will become a hyper-scaler, which is like what the other companies do. That is Plan B for OpenAI.
Then the funny is, they American do not have enough power for all of this AI infrastructure spending. Therefore, if these high valuations get readjusted, it may be a while because without the power, how fast will they build?
The US and indeed the entire west is defined by elite overproduction ie too many useless failsons and fail daughters and not enough real jobs to absorb them hence fellowships at think tanks and make work email jobs, all subsidised by Chinese investment in US debt which accounted for the long period of ZIRP.
In fact the US is just as desperate as India in trying to find jobs for its own people otherwise there will be civil unrest as it’s already happening not unlike the fall of Ming where unemployed scholars became rebels. India just dumps its ppl to other countries the way they dump their rubbish everywhere they go (allegedly).
I think it's the gradual tightening of the noose. The global automotive production is still at a standstill due to the Nexperia fiasco, and US military still has legacy advantage despite not being able to feed their troops. Corruption has become so widespread that it is publically visible to the masses. IMO the situation is similar to that of late 80s. The worst thing Reagan could have done at that time was to push the Soviet hardliners too far that they feel that they have nothing to lose. Instead the US dangled a carrot of economic aid in front of USSR to placate the hardliners while encouraging Gorbachev's Perestroika and the dismantling of Soviet military. By the time the Soviet hardliners intervened to stop the inevitable dismemberment of USSR at Belavezha they were far too late.
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How come they didn't talk about tiktok at all?
plawolf
Lieutenant General
Taking his pants down, bending over and taking it from Xi was Bessent’s demand, not China’s. In fact I think China made some concessions to get that offer off the table.
Also, reminder that China never blocked the exports of rare earths, they just had requirements that rare earths can't be used in weapons and high-end chips. Unless China comes out and cancels all restrictions on export of rare earths, we should treat what trump is saying as just a misunderstanding/lie. I doubt China actually did this because it would make them look super weak considering that rare earth export restrictions on weapons are very justified (also legal under international law) because of Gaza and Venezuela right now.
If these are the real deal, then it would be super stupid for China. Basically, letting Trump getting everything they wanted in exchange of a slight decrease in tariffs which isn't even necessary because how easily it can just be rerouted from another country