Comments by "DrScopeify" (@drscopeify) on "Bloomberg Television" channel.

  1. Canada has a whole world to trade with, meat, veg, food, there is Brazil just waiting for a major opportunity to sign a HUGE trade deal. Brazil has been expanding food exports at the expense of the USA for years and is on it's way to become #1 food exporter in the future so Canada can sign a massive free trade deal with Brazil and replace all USA imports. That's HUGE and would even lower the price of food as Brazil is cheaper than the USA. This is an opportunity for Canada that has not been seen in 200 years. Absolutely ground breaking for Canada to pull away from the USA and bring a country like Brazil in to global dominance over food exports. This would strengthen Canada and dramatically hit US farmers and food producers that would lose 1/3 of their customers.
    95
  2. The big winner is Europe - they have a monetary system ready to displace the Dollar as a solid alternative that is why I jump in and grabbed lots of Euros when Trump got in and let's just say it has done well. Sure there is risk becasue Trump is playing games with Russia and Ukraine so it is a risk but overall the #1 risk base being Russia is already priced in, that is why I went hard on buying Euros.
    28
  3. Yeah Lutnick is a Lunatic
    26
  4.  @ssuwandi3240  Tariffs are a tax on everyday Americans as the price of gas will go up $1 per gallon and food goes up 25%. So I hope you are OK with higher prices becasue you were complaining for years that Biden caused prices to go up but now Trump is doing that for real. Today right now gas prices in the USA are an average of $3.10. In a few weeks this will be higher 100%, there is NO DOUBT it will be higher. The question is, will it be $3.50 or $4 or $5. No one knows. But we will see soon enough.
    25
  5. Central banks should not be meeting with leaders as the leader of a country ALWAYS has incentive to lower rates no matter the inflation or cost to support the wealthy and businesses who back the leader and his party of any country. Even in Russia or China the leaders do not meet with the head of the central bank so that is a good sign. If Trump takes office and he starts calling Powell in, you know we got big problems. It does not take much to turn a country from balanced inflation in to Argentina and once you do that damage it takes incredible pain and suffering for decades to undo the damage. Let the Central Bank/FED do their job, let them fix inflation, the moment you interfere you harm everyone except the wealthy who love inflation.
    24
  6.  @dengist8172  Tell that to the Americans making the weapons, it is a lot of people.
    22
  7. Why is Trump spending money on bots on yt - this just shows how idiotic and desperate the man is.
    20
  8. 100% Canada has a whole world to trade with, meat, veg, food, there is Brazil just waiting for a major opportunity to sign a HUGE trade deal. Brazil has been expanding food exports at the expense of the USA for years and is on it's way to become #1 food exporter in the future so Canada can sign a massive free trade deal with Brazil and replace all USA imports. That's HUGE and would even lower the price of food as Brazil is cheaper than the USA.
    14
  9. I did not hear Yellen say that China is collapsing. China is in transition as expected as their manufacturing has run out of customers and the construction-debt boom has run out of steam. China has deflation and domestic consumption is at decade lows and so has to transition. The west however will do what it takes to protect their own economies as China tries to compete this is not a surprise. The world has only so much supply and demand capacity, either China works together with the west on a fair and stable global economy or the sides compete and pull away leading to major shifts globally and a lot of pain a well, we will see how this plays out.
    14
  10. That is not true at all US Dollar is at normal levels against the EURO going back YEARS so take it easy.
    13
  11. It has to be Mark Kelly the guy is aggressive, smart and VERY likeable and I say that as a Conservative who hates Trump. It's hard to walk a fine line to make sure Kamala has her usual base motivated but also come and collect people like me who are conservative, make me feel comfortable in voting for a Democrat so don't be too aggressive on things like gun control but talk about securing the border but also fair enough to talk about path to citizenship of migrants that are already here. Walk the line and pick up both the base Democrats and also people like me who are Conservative but want to see Trump defeated
    13
  12. Yeah I agree but the USA gave Norway the biggest return on investment but now is the time to see that the USA might be headed for trade wars, the US consumer is collapsing as we speak, uncertainty might badly damage the US economy and so it could head to recession. Europe at the same time will be harmed by US tariffs but should be able to unite and create a powerful block to that force and grow its economy with large military spending, that is a very easy boost to GDP.
    10
  13. The US is not subsidizing Canada, the trade deficit is anyway not 200 billion but 67 billon so he is off by almost 3x. And the Canadian dollar is weaker meaning that we get to buy Resources for cheaper than if Canada was part of the USA, those resources would be much more expensive to extract and some not even financially possible as the cost would be too expensive but because you have 2 different currencies that becomes reality. Trump also sees trade deficit as a bad thing but it is not, we in the USA can create endless paper money, it is just number on a computer hard drive - it is practically free to create money but Canada is the one extracting stuff from the Earth that only has so much and is exporting the goods for what? Number on a hard drive? It is practically free for the USA. Currencies come and go in world history but once you pull oil out of the ground it's gone forever. We buy goods made in China, they work hard making us stuff and all we give them in return is number on a hard drive, money, we can create endless money but there is only so many people in China willing to work hard for low pay, eventually that will run out and Chinese will demand higher pay and then off we go to India or Africa. It's a win-lose and the USA wins, we are just using money that we can create endless of to buy other peoples hard work and limited resources. Trump is a fool.
    10
  14. Roubini sees the reality but the process is perfectly timed for the next phase anyway. China has entered a dance and the USA, I don't know how, is in the correct cycle to enter the dance as well!! A real incredible time in history unfolds in front of our eyes.
    10
  15. Yeah her politics blinds her like all of the rest of them.
    10
  16. Indeed
    10
  17. China is using Soviet tactics of population replacement to ensure control, not a surprise. The problem is that they tend to give them financial incentive to do so which means they will be financially better off than local population which tends to lead to tensions due to inequality which keeps the populations apart but we will see how it forms in HK.
    9
  18. Everyone voted for her the ticket says BIDEN + HARRIS so she was voted already
    9
  19. Well she was on the ticket it says BIDEN HARRIS so everyone voted for her too.
    9
  20. Yeah about the same thing, Japan also over produced steel and exporting cheap cars around the globe, it's just a currency imbalance. They will figure it out as China moves away from industry and in to advanced economy like Japan.
    9
  21. That is the parents fault as reading and basic math is really up to the parents to teach - do you depend on others to do everything for you? That is nany state
    8
  22. When he says "One economy starts to go it's own way" it is not that simple as both USA and China have desires that allow for a fair change that benefits both sides. When the USA decides that it needs manufacturing security, that inflation is too low, that income inequality is too high and workforce participation is too low so decides to increase domestic manufacturing that has a counter-action which is that China becomes less dependent on exports to the USA which China also desires. We have a mutual balance here that can be co-ordinated in an orderly way. I am not sure what goes on behind closed doors, but the path to a mutual reduction in trade is not that far fetched even after 2022 which was a record year of all time for US Imports from China and now impacted by higher interest rates. The USA local manufacturing is also suffering and so is Germany as well and Japan too. We have a global rise of interest rates at play. The real question however remains, will the USA be able to produce household goods locally, and electronics? Without blowing inflation out of the water? Will China be able to drive a global rise in imports of Chinese made goods or will China be able to picot to a Services based economy without pain?
    8
  23.  @CbSd994  I live in WA state and we are running very low on local lumbar - the land that can be chopped down already has - so we now import most lumbar from Canada - I work in the field - 2020 after COVID lead to super ultra surge in lumber value so everyone who could chop down woods did so and we are really low now. If there is a spike in demand for any reason we will have major price hikes and shortages unless we can import from canada
    8
  24. Not to her but the situation - this is going to hit hard stocks will crash, inflation will rise dramatically, FED will hike like crazy. This is bad for everyone. This is not policy this is destruction of the US economy. Talk about a black swan event it's the mother load.
    8
  25. It's not about innovation but trade, the US has a very large trade deficit with China which means the US is losing jobs and this has been occurring since 1980 and China is advanced enough to not need to take jobs from other countries anymore it can sustain itself so the US will be using more and more industrial policies to protect local jobs. Very logical The world is a big place and China can sell cars all over the globe it does not have to go in to the USA specifically there is plenty other countries.
    8
  26. ​ @robertplant2059  Yeah but that is not Mexico or Canada that is China. Canada/Mexico means major hike on cost of oil, gasoline, diesel, natural gas, electricity, FOOD - even freaking Texas freezes in winter so any vegetable crop is DEAD - so you MUST import vegetables from Mexico in winter - if you tax it be ready for 25% jump in price but you also need people to manage the tariff system = 50% jump in price and not over many many years but instant BOOOOM you will pay more and the funny thing is??? We can't magically grow vegetables in winter, peppers?? In Winter? NO NO NO only Mexico can export that so we will have to pay the Tariffs hike in price and have NO alternatives to import and pay the higher price. The tariffs on Mexico are BS --- We have no alternatives to Vegetables from Mexico what about beer from Mexico? Come on now.
    8
  27. You have 3 options, 1. Grow the economy which is the good way to get out of this. 2. Raise taxes which is OK might piss off some people but it does work. or #3. Cut spending = Austerity which is the absolute worst way, this is how Japan, UK and Europe ended up in decades of no growth and a stuck economy and high percent of people out of work. Austerity is the absolute worst as it crushes growth for a very long time to come and almost impossible to get out of it.
    8
  28. That's like having a pro-Al-Qaeda protest after 9/11.
    7
  29. Leader of a country has nothing to do with AI.
    7
  30. He is not liberal he is pretty centrist - he is a business man after all
    7
  31.  @henk6522  Are you a real human or just a bot? Probably a bot.
    7
  32. Chinese bot detected lol
    7
  33.  @bps7209  That is not true at all, there are 0 sewing machines made in the USA. Not for private use and not for commercial use. The USA makes no CNC machines, the USA makes no factory robotics machines, the USA makes nothing at all. We do make machines that process food, we are good at making food and machines for that like farming equipment from Caterpillar but that's no going to make clothing or fabrics or shoes or anything really and 140% tariff on China means no shipping at all as Americans cannot pay 140% more so you end up with products on the shelf that no American can afford to buy so the outcome here is a collapse of sales of goods = slowdown of the US economy in to recessions while prices skyrocket = very extreme stagflation - The USA has to go back to the 1970s and pick up where it left off, so Stagflation, major inflation but a super weak and slow economy. The USA is only 4% of the world's population so China will find other customers but the USA will not find another place to make goods. American are not going to make shoes, trust me, I live in small towns in the USA I know the people, no one is going to work in a factory, Americans will prefer to live in a trailer park, and suffer lower quality of life than take a job at a factory. Not going to happen. And you think robots with AI will replace workers then maybe but that will take 20-30 years to happen, the USA makes no robotics at all, there is not 1 Americans company that makes actual industrial grade robots for factories not 1, they are all made in Japan or Germany or Vietnam or China. 0 are made in the US so forget about that nonsense.
    7
  34. It's not that simple - there is also a different usage for AI in different countries which will dictate development, advancement and commercialization. For example there is a lot of demand for AI in advertisement in the US becasue people acting is very expensive while it cheap in China so demand is different so you will see different products and solution different in every country and that always rates local opportunity. I am sure there is demand for AI in a country like Brazil that is very specifically to that country so local companies will create solution for that demand. You will see a localization to meet local demand and that means every country has opportunity for local developers to create solutions - it is not just, oh one country is the best and that is the end of the story - it is much more complicated. Like you see today with social media has different services in every country
    7
  35. You know this is really serious, look how much he had to mention it, We have a legit 3rd world style power struggle going on. What a clown show of an administration is forming. AND I say this as a real conservative too, 100% pro 2A and I will tell you Trump is a clown which is why I did not vote for him....
    7
  36. The credit ratings agencies are playing the game but look at Russia, eventually the music stops.
    7
  37. He is not a banker he is a central banker which means he writes politices not managing a bank - you do not know what a central bank is Iguess
    7
  38. By waiting this long the FDIC is letting bond and share holders cash out which removes the resources needed to protect depositors or FDIC risking taking on more responsibilities to make depositors whole instead of using bond and share holders to pay for some of that.
    7
  39. Sri Lanka was abandoned by China to go bankrupt financially, you seem to be a bit out of touch with your country.
    7
  40. Incredible this is like an oil short squeeze!!!
    7
  41. Germans are not against India I think you are watching too much nationalist propaganda in India bro.
    6
  42. The problem with Tariffs is that it is a PERMINENT recession of 3% fall in growth for the USA that means 0 growth. And the problem is that it is forever so it's a permanent every year reduction to growth every year, every single year that downwards on growth will continue and inflation as well forever will be higher. So expect long long term major rise in interest rates, major rise in prices, and major fall in growth that repeats every single year forever.
    6
  43. China has done the same thing by blocking USA software and applications as well, so both sides are fighting a trade war. But the USA had the same with Japan in the 1980 and even India now is blocking Chinese imports also Pakistan is blocking and so its pretty normal.
    6
  44. The USA is the consumer that lifted over 500 million Chinese out of poverty and lead to the advanced modern economy that China has today and the USA has been able to maintain low inflation and switch to an advanced economy thanks to Chinese exports so both sides need each other but even the USA and Japan which are very friendly with each other had trade wars in the 1980s-90s so just because there are trade issues does not mean the 2 are enemies but instead can be very friendly and have close and strong relations even with a trad war, it's not a big deal as it seems.
    6
  45. Yeah and you can already see that playing out with just the threat of tariffs alone look at USA GDP NOW - what do you see??? -2.8% GDP in Q1 man the USA just hit an iceburg
    6
  46.  @CarterSimon777  Indeed 1000% that is a Russian bot. Pretty scary seeing so many of these bots
    6
  47.  @TrendyStone  Its not that - its that we import a lot of goods from Canada - snacks, oil, I use Natural gas from Canada at my home in Idaho -we depend on Natural gas from Canada for most of Idaho. We depend on oil from Canada too in Idaho as texas is pretty far away. Also lots of food, snacks, come here from Canada . The exports from Idaho to Canada will collapse which means a lot of farmers will be in trouble. Its a major trade collapse on both sides and yet I though China is the enemy not Canada????? What are we doing
    6
  48. The issue with the trade deficit is that it means money from Americans is leaving the country every time they buy a foreign good which has lead to low inflation from 2008 to 2020 and that has lead to FED having to use Easy monetary policy which inflated the value of housing in the US market. This is not a sustainable path. Making goods more expensive is one way but the money is still leaving the US economy so making American goods/services cheaper in relations to foreign imports can help but it needs to be done VERY VERY carefully - a 10% or 25% blanket tariff is highly dangerous and could make US exports too expensive making the USA self sufficient but then totally decoupled from the globalized system which is what happened in the USSR. It was the Globalized system that tore down the USSR. The USA cannot risk making that mistake. If Russia could not maintain an internal economy which ended in 1990 the USA sure can't. Another issue is what was said in the view that Americans working in industry can find a path to other work but that is not a solution, low skilled Americans want middle class life style but they will not get that if working in Retail or Services like working for package delivery or serving up coffee is not the respect and quality of life they desire. So we DO NEED TARIFFS to make sure America has industry to support the population demand for low skilled work, it is a MUST, you cannot make low skilled workers have quality of life any other way, Retail, Services, are not the answer, that is a demotion and humiliation that American people every few years with unrest issues in the public.
    6
  49. You grow the economy.
    6
  50. #1 this has nothing to do with the Govnemrent he ran for office and people voted for him. #2 you cannot stop people from doing something becasue of their age that is called age discrimination.
    6