The third world Governments are controlled by oligarchs and western aligned groups. All of them believe in neoliberal trash.
That's not changing for some time. Most of the recent "revolutions" like Bangladesh, Nepal replaced neoliberal regimes with neoliberal regimes but worse (Eg. Bangladesh has a law and order problem since the fall of Hasina, price rose, unemployment is high).
Even countries which saw better Governments like Sri Lanka, haven't been able to escape the grasp of neoliberalism.
K-shape recovery was a niche argument? What world do these neoliberals live in? Even 'Nobel' Prize winning neo-Keynesians like Stiglitz were saying it.
Ofc, tariffs don't fund spending, budgeting/appropriations (eg. CARES Act for the COVID stimulus) by the Congress does. He can't legally do it without Congress. The Congress can 'pretend' tariffs are 'funding' the stimmies, make it appear as if its coming from tariff revenue but it's just accounting bs.
So he is basically saying, 'we took $2,000/per capita (per eligible adult) from the economy via tariffs now we are putting that back' for some reason. It cannot be argued its deterring imports since the tariff revenue exists because there were imports in the first place.
There are questions about whether the government could end up having to refund more than $100 billion to importers if the high court rules the tariffs weren't legal.
This part is interesting because the importers passed on the tariffs to consumers but now get paid "back" for nothing. So it's a transfer from the consumers to importers.
I wouldn't buy gold, it's a commodity not a financial asset. It has no cash flows not even vibes based potential future profits. Gold is very expensive right now.
But Chinese stocks can be a good hedge. But if you are American, if you do buy Chinese stocks as an hedge, you have to sell it back eventually for Dollars.
Its similar to crypto, no ones holding crypto because they care about it. They do so to turn their own currency into more of their own currency.
So with foreign investments as an American, the only things you care about are:
The return you get above the risk free rate ie Treasuries (Treasuries are the default hedge). In this case these are dividends + capital gains on Chinese stocks.
What you think the depreciation of Chinese Yuan may be. Since CNY is appreciating/stable currently this works in your favor.
Likelihood of capital controls. All Chinese Yuan are under the control of the Chinese Government, they can prevent you from converting to Dollars/your currency or put a penalty for doing so which erodes real returns.
Duolingo shares plummet as AI pitch falls flat, bookings estimates miss
Shares in the language-learning app Duolingo (DUOL) plummeted on Thursday, falling more than 25% as an AI-heavy pitch from the company fell flat with investors and the company lowered its guidance on bookings.
Duolingo, which has leaned into pitching itself as an AI-forward company in recent months, posted third quarter sales of $271.1 million against analyst estimates of $260.3 million. But several negative measures dragged shares downward.
The company lowered its bookings forecast for the fourth quarter to a range of $329.5 million to $335.5 million, below analyst estimates of $343.6 million. Meanwhile, Duolingo also missed on estimates on user growth in the third quarter, ticking up to 50.5 million daily active users against analysts' estimates of 51.1 million users.
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