Archived posting to the Leica Users Group, 2025/04/05
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Douglas, Firstly, it has always been my principle that it is a mug's game to get stressed out about things that are not under my direct control. I am not one to take to the streets - instead I look at ways to position myself in the markets to try and profit from any situation. To answer one of your questions, I definitely approve of the attempt to reduce the governmental and bureaucratic footprint, and to send illegal immigrants back. We suffer from both these malaises to an even greater extent, and I have seen, first hand, the havoc they cause. Whether the method that the present administration has used is a reasonable one is, of course, a moot point. India is a domestically focused economy, and not an export led one, so it will feel the effects of the tariff less than most. Again, India has not done too badly out of the tariffs. International trade is all about having a competitive advantage. All our competitors for the goods we export to the USA (China, Vietnam, Thailand, Bangladesh, etc) have had higher rates of duty slapped on them relative to us, giving us a small, but meaningful competitive advantage in the short to medium term, because, obviously, USA has to keep buying from other countries, as the mythical additional capacity is created in the USA (if ever) - this holds true as long as the tariffs are not reversed tomorrow, which is quite possible. It will be terrible for the USA, and even worse for China, after their mindless, face saving retaliatory tit for tat measures that they have taken. The real risk is that the USA and China slip into recession at the same time, which would see considerable pain worldwide. India is also ahead of most in resolving the issue, because, realising the reality of Trump's election promises, the country initiated formal trade talks with the USA which have been ongoing for the last two months. These situations have to be handled proactively, and not by ranting, raving and calling others names. They are a reality, whether we like it or not. By the way, in order to brighten your day, a small aside. I was talking to a few friends in the finance industry in the USA last night, and they indicated that US assets now carry a "moron risk premium"! ? Cheers Jayanand On Sun, Apr 6, 2025 at 3:30?AM Douglas Barry <imra at iol.ie> wrote: > Jayanand, no one should have to put up with Musk. The man is a menace to > society. > > It's not impossible that his and Trump's cuts in the veterans' area will > cause problems for the pair of them with a large group of people who > don't shoot cameras, but guns. The Trump parade of bulletproof cars for > his golf bags will help to keep him safer, but Elon better start > bulletproofing his Tesla. > > As for the EU, it has plenty of wine and needs people like Nathan and me > to drink it. However, the same organisation has reduced friction and > increased co-operation over here after centuries of wars, which is > probably why Krasnov's boss Putin has been trying to undermine it for > years. Indeed, I'm surprised that you could even mention Musk without > spitting. Don't tell me you're a fan of 26% tariffs! India was beggared > by the British, so I can't see it rolling over like a lap dog for the > Americans. > > Mind you, I somehow doubt that Americans are going let themselves be > beggared by tariffs either. US Luggers, get your new Leica gear quickly. > > Douglas > > On 05/04/2025 17:18, Jayanand Govindaraj via LUG wrote: > > The event looks like bureaucracy on steroids! Looks like the EU could do > > with a DOGE! Good thing Musk was not there to see all of you quaffing the > > wine....? > > > > Cheers > > Jayanand > > > > On Sat, Apr 5, 2025 at 11:08?AM Nathan Wajsman via LUG < > lug at leica-users.org> > > wrote: > > > >> A nice week started with close to 4 days in France, and once back in the > >> office, a wine tasting and a choir performance. I have previously > showed my > >> Paris gallery, but the weekly blog is more about the people with whom I > >> spent the week. Even a former UK prime minister pops up. > >> > >> https://www.fotocycle.dk/paws/?page_id=4612 > >> > >> As always, comments and critique are welcome and appreciated. > >> > >> Nathan > >> > >> Nathan Wajsman > >> photo at frozenlight.eu > >> > >> http://www.fotocycle.dk/paws > >> http://www.greatpix.eu > >> http://www.frozenlight.eu > >> @nwajsman.bsky.social > >> > >> ????? ???????! ?????? ?????! > >> > >> > >> > >> > >> > >> > >> > >> > >> _______________________________________________ > >> Leica Users Group. > >> See http://leica-users.org/mailman/listinfo/lug for more information > > _______________________________________________ > > Leica Users Group. > > See http://leica-users.org/mailman/listinfo/lug for more information > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information