How to deal with the intense stress of political, economic uncertainty
Canadians say they're stressed about current events. Experts say there are key steps we can all take — like accepting there are some things beyond our individual control — to learn to live with large-scale global events.
#politics #economics #stress #uncertainty #Radio #WhiteCoat
https://www.cbc.ca/radio/whitecoat/how-to-deal-with-the-intense-stress-of-political-economic-uncertainty-1.7502227?cmp=rss
"Making the world safe for both globalization and democracy would require new measures to protect human dignity from the market."
https://www.nytimes.com/2025/04/05/opinion/globalization-collapse.html?unlocked_article_code=1.9U4.Cbyj.E6Scf3kzfqVR&smid=url-share
Musk Hopes US, Europe Will Move to Zero-Tariff Free-Trade Zone https://www.bocvip.com/819782/musk-hopes-us-europe-will-move-to-zero-tariff-free-trade-zone/ #economics
What is stopping Americans to go to Canada or Mexico and buy stuff cheaper? https://www.bocvip.com/819780/what-is-stopping-americans-to-go-to-canada-or-mexico-and-buy-stuff-cheaper/ #AskEconomics #economics
Lutnick: "What's happened to the world is the global governments have backed taking our factories away from us. I mean, there's nothing about Taiwan that they should be making semi-conductors. There's nothing about Korea that they should be making all the appliances."
“when the people shall have nothing more to eat, they will eat the rich”
- Jean-Jacques Rousseau
C'mon, just close your eyes, hold your noses, and do it!
The most important election of our lifetime? These Albertans say it's high stakes
People of all political stripes are weighing the stakes of the upcoming federal election as they make their choice for who Canada should have at the helm in the midst of the U.S. trade war. CBC asked Albertan voters, exp...
#election #politics #trade #economics #Canada #Alberta
https://www.cbc.ca/news/canada/edmonton/the-most-important-election-of-our-lifetime-these-albertans-say-it-s-high-stakes-1.7502881?cmp=rss
JPMorgan and Polymarket Align on Rising 2025 Recession Probability - After two consecutive days of steep declines on Wall Street, forecasts of a loomin... - https://news.bitcoin.com/jpmorgan-and-polymarket-align-on-rising-2025-recession-probability/ #unitedstatesus #donaldtrump #economics #recession
Huh.
So just making shit up can create a $5 trillion problem for the USA over just 2 days? And much more for the entire world?
Who could possibly have known?
https://www.rawstory.com/trump-tariffs-2671678361/
The capital A Asshole who did this just got out of jail, then was relied upon to craft Trump's tariff policy.
Nice move, Very Smart Guy Donald Trump.
Trump’s tariff formula has economists scratching their heads. Erin Doherty critiques this approach, highlighting its reliance on an inflated trade deficit calculation that misestimates crucial metrics, leading to disproportionately high tariffs. Key economists suggest adjusting the elasticity of import prices, which could drastically lower rates. With discrepancies noted by the Cato Institute, the article raises essential questions about the economic foundation for these tariffs. For the full analysis, check the source: [CNBC](https://www.cnbc.com/2025/04/05/economists-take-issue-with-trumps-tariff-formula-arguing-rate-is-inflated.html). #Economics #Tariffs #TradeDeficit #PolicyAnalysis
"The ridiculous real story behind the tariff plan that turned Donald Trump into a global disaster" 
Who is Ron Vera ... 
"In just over three months, Musk has purged agencies of staff, replaced fired workers with loyalists, and canceled existing public contracts—including for completed work. Trump, meanwhile, has fired inspectors general and removed the head of the Office of Government and Ethics. Together, the two men have taken resources that Congress had appropriated, abusing the power of the purse to redirect funds toward themselves and away from their perceived opponents. The Trump administration has ordered more Musk-made Starlink satellite dishes and put Musk’s companies, already some of the government’s biggest clients, in the running for billions more in contracts. At the same time, Trump has canceled government funding for universities and law firms that don’t support his agenda.
To most Americans, this kind of corruption will seem unfamiliar. Never in modern U.S. history has a businessman president partnered with the world’s wealthiest man to seize control of the federal government. But globally, it is part of a worrying pattern. In struggling democracies around the world, small cliques of politicians, business elites, and politicians with business interests—what political scientists call “poligarchs”—have warped the state to serve their interests. Together, these unholy alliances change rules, fire bureaucrats, silence critics, and then eat up the country’s resources. The politicians commandeer banks, rewrite regulations, and take control of procurement contracts. Their friends in the private sector, meanwhile, provide kickbacks, donations, and favorable media coverage.
There is a name for this process: state capture. It has occurred in Bangladesh, Hungary, South Africa, Sri Lanka, Turkey, and many other countries. Its exact economic effects can be difficult to quantify, and it often takes years before they fully manifest. But they are serious. In captured economies, the relationship between talent and success is severed. Skilled workers who lack the right political connections leave the country, and competent firms go under. Well-networked firms, meanwhile, grow fat without innovating or delivering quality products (or, sometimes, without delivering products at all). The country’s infrastructure deteriorates. Banks run out of money giving bad loans to favored businesses. The result is lower growth, fewer jobs, rising inequality, and high inflati on.Unfortunately, resisting and reversing state capture is an arduous process. It requires that whistleblowers, journalists, and activists continuously speak up, with no immediate reward and at significant personal risk. Such persistence can pay off in the long run: civil society groups in Bangladesh, South Africa, and Sri Lanka eventually chased out corrupt politicians. But success often comes only after captors have crashed the economy by milking it for everything it’s worth. And by then, rebuilding is extremely difficult.
In captured countries, no sector is safe from political interference. But banks are especially at risk. Financial firms, after all, provide an economy with capital and facilitate transactions—both of which are essential to theft. In Bangladesh, for example, former Prime Minister Sheikh Hasina used her control over banks to loot at least $17 billion from the country, according to Bangladesh’s interim government. In Malaysia, former Prime Minister Najib Razak financed a variety of crony schemes by delivering government-backed bonds to allied companies through 1MDB, a state development bank. Those firms, in turn, gave Najib’s party funding. A cool $700 million found its way to his personal accounts. Turkish President Recep Tayyip Erdogan forces state-owned banks to lend more to local mayors who support him. Those mayors then use the funds for spending projects that help them and Erdogan win elections."
https://www.foreignaffairs.com/world/economic-consequences-state-capture#
How do you think the tariffs will affect the US economy?
Why don’t all nations just devalue their currency when their foreign debt levels get too high? https://www.bocvip.com/819709/why-dont-all-nations-just-devalue-their-currency-when-their-foreign-debt-levels-get-too-high/ #AskEconomics #economics
President Trump defends tariff policy, urging resilience and predicting historic economic outcomes amid escalating trade tensions with China and implementation of new tariff structures.
#YonhapInfomax #DonaldTrump #TariffPolicy #TradeWar #China #EconomicRevolution #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=57338
The subreddit r/stocks has pinned a suicide hotline post, after stocks were down trillions this week:
"Many people believed that this kind of internationalism was irreversible and that the interdependence of the global economy would guarantee peace and prosperity, even if it was also unsettling." 2025? No, more like 1910
ht: @jenmercieca
