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Joined 2 years ago
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Cake day: July 29th, 2023

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  • Just because tariffs are payed by the people of the importing country doesn’t mean they are not harmful to the exporter as well. I mean what do you think the natural consequence of tariffs are? As price goes up for the consumer they are going to reduce their buying of the product to the minimum amount they can get by with, which means less imports into the country imposing tariffs, which means less exports from the country who had tariffs imposed upon them. You forget that tariffs are bad for everyone involved. So no, it is not logical for China to back the Cheeto.





  • This is what is so fascinating to me about most people, they don’t understand that companies hord their assets in my different kinds of investments when they are this large. Having real estate gives them an asset they can can store large sums of money in that generally appreciate in value over time. If a company is under finacial duress, they can fire a bunch of employees, then sale the land where those employees worked and and save themselves from much larger losses on revenue for a given time period.