Dr. Monali Desai's avatar
Dr. Monali Desai
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Cardiologist
Americans are already being laid off because of new tariffs, how many more will be laid off as tariffs continue? We can expect as more Americans get laid off they will have to spend less money which will negatively impact the American economy, the stock market will go down, and more Americans will get laid off. Volvo Group North America informed their workers on Thursday that hundreds of employees are being laid off, the company cited market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs as primary reasons for the layoffs. 🇺🇸 image
quesito, sobao bakery, san juan - delicious cream cheese pastry [Diets high in processed carbs and saturated fats have been associated with the development of cardiovascular disease] image
castillo san cristobal - military fortress built from 1634 until 1765, san juan
Does it seem like the Trump Administration is putting together economic policies that help billionaires (who have millions saved in foreign bank accounts) more than the rest of Americans? Can China use US debt in its tariff war against Trump? China is the second largest holder of US debt and could, theoretically, dump it to devalue the dollar. The US exported $143bn worth of goods to China in 2024 and has a trade deficit of $295bn. According to Treasury Department data, the tariffs have brought in $200m a day. “As the tariff barriers become so prohibitive that we are just no longer able to access each other’s markets, the only source of escalation becomes kind of more escalating retaliatory tools,” like selling off US debt for less than it is worth to devalue the dollar, said Alex Jacquez, chief of policy and advocacy at the economic think tank, the Groundwork Collaborative. James Mohs, a professor of accounting, taxation and law at the University of New Haven, says that it could be worse if China were to buy more of the debt that the US may issue. “If we have to issue more debt, that is going to weaken our economic structure. Of course, it’s going to probably weaken the dollar because it’s a pure amount of excess debt,” Mohs told Al Jazeera. image
mallorca, cafeteria mallorca, san juan - delicious sweet bread [Diets high in processed carbs and saturated fats have been associated with the development of cardiovascular disease] image
Redfin: Housing market cools as economy, tariffs weigh on buyers 🇺🇸Buyers are contending with broader economic instability. A recent Redfin-Ipsos survey found that 55% of U.S. adults are less likely to make a major purchase this year because of new tariff policies announced by President Donald Trump. “Betting markets have the odds of a recession at higher than 50%, which is understandably making people wary of putting a big chunk of their money toward a house or a car,” said Chen Zhao, Redfin’s lead economist. “Consumers are tightening their belts because they are rightly nervous about their job security and the prospect of paying more for everyday expenses.” image
Recently, I went to a cardiology conference in Puerto Rico, I also enjoyed sightseeing and walking around San Juan. 🏝️ I went before the power outages, but it seems similar to Texas where power outages are a possibility unfortunately. A lot of the larger hotels have back up generators and rental places with solar panels are apparently becoming more common too ☀️