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Tax the fuck out of those fucking penguins 😂 🐧
For those who don't understand or are in denial that tarrifs will directly lead to inflation and/ or a recession, here it is laid out simply using retail as an example.
1, Average cost of goods increased by 20%.
2, Retailers operate on a gross product margin of ~20% and an operating margin of ~3%.
3, Increase in cost of goods due to tarrifs are directly attributed to consumers as the margins for a retailer cannot absorb the increase in cost.
4, Consumers start spending less due to higher prices and retailers might lower goods prices at the expense of other cost units like employment.
5, At the end of the day you are left with higher prices and less employment... Ala a recession.
Now take the above scenario and multiply it across other major small margin industries and people might start to understand why this was not a good idea.
Some Openfund upgrades coming:
• Real-time trading, no more refreshing! This infra will also carry over to Focus after.
• TWAP orders, which should make big market dumps from whales less common.
• Upgraded Wallet, fixes data inconsistencies.
• Huge performance improvements throughout the app. 8-10x faster loading times.
• Faster AMMs and bug fixes that’s affected a few coin launches.
• Embed Openfund links into your Focus posts for any DeSo token (shipped).
• Hover cards for user profiles inside of the orderbook and on trading activity (shipped).
What's interesting for me weren't the tarrifs that were announced yesterday...
It's going to be the retaliation tarrifs announced by the rest of the world on the retaliatory tarrifs from the US that will be announced throughout the next two weeks.
This has all the makings of an economic apocalypse scenario.
I hope all y'all have a garden parch large enough to grow potatoes 😂
Appreciate all the well wishes from the community ❤️
Feeling better and should be back to normal by the weekend.
In the meanwhile, tons of water, tons of Pocari Sweat and tons of sleep 😂
Decided to put in a little more at least for now 😂
