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For the most part, European countries' governments take their inherent purpose seriously: to SERVE the people. (Unlike in the US.) Transit, healthcare, education, defense, culture. The EU needs to find a way to isolate and operate and function without rogue leaders like Orban in Hungary, in order to get things done. Without the Orange Abomination in Washington and his spectator-minions on The Hill, tariffs would not be a big deal. It was never much of an issue, before.I see several solutions: Europe should lower tariffs and subsidies, reduce regulations, scale back social programs, limit immigration, and start competing globally.
When you compare Europe to the U.S., the populations are similar, and Europe arguably has stronger education. So why does Europe lag so far behind in high tech, while the U.S. and Asia surge ahead?
Eventually, semi-socialism runs out of money.
Financial planning thought leader Jamie Hopkins discusses why digital asset management is one of the biggest overlooked risks in retirement and estate preparation, and the steps we can take to fix it.
It will be consequental in terms of the Fed, but I'd expect the markets will tank, not soar, at the politicization of the Fed."The market response to President Trump’s Monday attempt to fire
a Federal Reserve governor was relatively subdued. Don’t let that fool you.
If Trump’s effort to remove Lisa Cook for cause succeeds, and perhaps even if it doesn’t,
this week will go down as one of the most consequential for financial markets in decades."
https://www.msn.com/en-us/money/markets/get-ready-for-the-end-of-fed-independence/ar-AA1LhSsd
Q: Does this resemble a VAT (Value Added Tax)?How is it Collected?
A persistent misconception about tariffs is that they’re paid by the foreign countries whose goods are being taxed. In fact, the financial responsibility for paying a U.S. tariff falls squarely on the U.S. importer of record. This is the American company, business, or individual that is legally bringing the goods into the country. The money is paid directly to the U.S. government.
While the U.S. government collects the tax from the American importer, the private contract between the foreign seller and the U.S. buyer can specify who ultimately bears the cost. These arrangements are governed by international commercial terms, or Incoterms.
For example, under terms known as Delivered Duty Paid (DDP), the foreign seller agrees to cover all costs, including the tariff, to get the goods to the buyer’s destination. Conversely, under terms like Delivered at Place (DAP), the U.S. buyer is responsible for paying the import duties upon arrival.
Regardless of this private agreement, the check is written to the U.S. government by the registered U.S. importer.
These importers then face a choice: absorb the extra cost, which reduces their profit margins, or pass the cost along to their customers—wholesalers, retailers, and ultimately, American consumers—in the form of higher prices. Economic analyses consistently show that the vast majority of tariff costs are passed on to domestic consumers.
Where does it go?
Once CBP deposits the tariff money, its journey as a distinct “tariff dollar” ends. It flows into a vast financial reservoir from which nearly all federal government spending is paid.
Thanks @Mark
“Here’s What You Should Do” - By Burton G. Malkiel
A bit presumptuous isn’t he? :)
Agree with the scary part. Sound advice in general. I wonder if the NYT editors created the pompous sounding header?
Author: ”Mr. Malkiel is an American economist and financial executive. His 50-year-old book, “A Random Walk Down Wall Street,” is widely credited with popularizing stock index funds.”
Have listened to this book on Audible and found it interesting.
don't be ignorant
(quite aside from his possible playing down of the clear move toward autocracy)
don't be ignorant )
You’re starting to sound like the other side. Demean the speaker instead of making your own case for your viewpoint. If you think the article’scaption is fitting explain why.
I think “Here’s what you should do” is simplistic and assumes the writer understands your needs, goals and situation better than you do. HTH does he know what you or I should do with our investments? As I wrote, it’s a good article. Captions don’t always accurately reflect what’s inside.
Here’s what a quick search on Brave’s AI tool turned up -\\ “Here’s What You Should Do” - By Burton G. Malkiel
>> A bit presumptuous isn’t he?
Since you are so endlessly prolix on this forum, I just do not understand how often you also are dimly reflexive. Malkiel! It is not as though you are uninformed, just that you behave as if. I think we have had this discussion.
Donald Trump has bought more than $100m in company, state and municipal bonds since taking office in January, according to new disclosures which shed further light on the vast holdings of the US’s billionaire president. The forms, posted online on Tuesday, show the Republican former real estate mogul made more than 600 financial purchases since 21 January, the day after he was inaugurated for his second term in the White House.
They include corporate bonds from Citigroup, Morgan Stanley and Wells Fargo, as well as Meta, Qualcomm, the Home Depot, T-Mobile USA and UnitedHealth Group.
Other debt purchases include various bonds issued by cities, states, counties and school districts as well as gas districts, and other issuers. The holdings cover sectors that could benefit from US policy shifts under his administration, such as financial deregulation.
A senior White House official said Trump continued to file mandatory disclosures about his investment portfolio but that neither he nor his family had a role in managing or selecting the bonds, which are managed by a third-party financial institution.
“President Trump’s net worth has increased substantially, with much of that concentrated in crypto holdings and Trump Media. Given that, there is no evidence currently that his bond purchases are anything other than a prudent diversification within his billions of dollars in assets,” said John Canavan, lead US analyst at Oxford Economics.
Trump’s annual disclosure form filed in June showed his income from various sources still ultimately accrues to the president – something that has opened him up to accusations of conflicts of interest.
The Financial Times recently published their Business Book of the Year 2025—the longlist.[snip]
According to an article in today's NYT, "The Democratic Party is hemorrhaging voters long before they even go to the polls.
Of the 30 states that track voter registration by political party, Democrats lost ground to Republicans in every single one between the 2020 and 2024 elections — and often by a lot.
That four-year swing toward the Republicans adds up to 4.5 million voters, a deep political hole that could take years for Democrats to climb out from. The stampede away from the Democratic Party is occurring in battleground states, the bluest states and the reddest states, too ..."
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