Thanks Dien. What Dien and Glenn and myself see happening is:
OPPORTUNITY. Now we each have our own ways, and they seem to suit us so we continue going to the well that has the water.
Dien describes the transfer of wealth. Well, why not have some of that transferred into YOUR accounts?
With some help of AI, in the last week, we've (Me and AI), have generated over 150 report topics and as I learn better prompts for finding BUYERS in existing niches/markets, we (me and AI) could easily generate quick reports, which I would sell in the "pink sheets" market of Information, as I have done for decades.
Although, I won't be doing this, there is a huge opportunity for recurring income for a private members only forum, where the members create the bulk of the content; with AI carrying the research load.
I will remain in SIN, focused on the lottery, which AI predicts will set record breaking spends in the coming year.
All the "bad news", mostly as a result of Donny 2 Dolls daily moods, we all can stand to profit from what is happening all around us.
So come on SowPubbers, now is the time to cash in on the chaos. EH?
Gordon
Quote:
Originally Posted by Dien Rice
Hi Millard,
I'm expecting a lot of business bankruptcies in the next few months and year...
Why?
Huge tariffs on China... There are a lot of small-to-medium sized American businesses that have their proprietary products manufactured in China.
A tariff is a tax on the imported product... It is paid by the importer - generally an American company. It is not paid by China! (Despite what Donny says...)
That means Donald Trump's huge taxes (tariffs) will eat up all these companies profits. They'll be forced to raise prices, which will kill their sales...
Why not just move to a factory in Vietnam, say? Well, the big companies are doing that. It's harder for smaller companies... Vietnam is already swamped because of companies moving their operations from China. The factories there don't want to do small orders, when they are already swamped with huge orders... Which leaves small-to-medium businesses screwed... while huge corporations will be fine...
Trump will even make exceptions on the tariffs for huge companies (like he has done for Apple, both in the past and present)... He doesn't make exceptions for small-to-medium sized businesses...
Here's an article about this, from the WSJ...
The CEO Who Says an Asteroid Is Coming to Destroy America’s Businesses
https://archive.md/tU52D
Where's the opportunity?
These companies that get wiped out... There is an opportunity to acquire their "toll positions" (eg their patents or other proprietary products) cheaply, either before or after they go bankrupt...
That's just the way it is...
I see what Trump is doing as in fact a wealth transfer from small and medium sized businesses, to huge corporations and billionaires... Though some of us "little guys" can also profit as our fellow small-to-medium sized business friends get wiped out...
Dien |