International policies have finally split the White House.
International policies have finally split the White House.
Split inside the White House. (long-read)
We all know that once a split comes to those who used to be untied, things do awry. And we fear that this is exactly what is going to happen inside White House’s walls. They say that some of the officials want to take step in order to make amends with China. So, some of the people want to escape trade tensions and be good partners with the Eastern countries again. But the main voice – that of Trump is still silent on the question and it seems that the greenback is tired of such silence.
While his staff is trying to somehow save the situation, US President seems to be too busy with separating immigrant children from their parents. And by the way this has already risen controversy around the globe. Investors can’t keep their eyes shut all the time and sooner or later this will blow up in Americans’ faces. Of course, Trump with his billion estate will feel nothing, and the weight of losses will go on the shoulders of regular citizens. But hits on the dollar never stay inside American borders. Having imposed their national currency on the rest of the world, American government has to take all of the responsibility for economies of other countries. But that is not going to happen during tis administration.
So, back to the greenback’s fate. With the insides of the White house being infested with yet minor conflict there is a good chance that the split will go beyond the walls of the House. This minor squabble can turn the whole satiation upside down as the situation in the US can’t be described as stable, politically speaking. Right now the percentage of Trump’s support is 45 percent. That is an all-time maximum. So, 1.5 years there was no time that the current president was supported by the majority of US citizens. Imagine being an international investor and hearing about a country like that. With lots and lots of manufacturing to invest into but with the possibility that you can be thrown out at any time. We think everyone would doubt in this situation.
Fewer investments would lead to less support for the greenback. And although right now it seems that it doesn’t really need support, the need may come at any time. And what if it comes if there is not so many people left? We don’t even want to think about it because the consequence would be too harsh for the entire world.
Tesla trying to save itself. What are the further actions?
Last week Tesla’s officials announced that it was decided to cut about 9 percent of all the employees. Now they are going to cut even more in a desperate attempt to safe some of the funds and maybe the company as a whole. But it seems that the company was doing pretty well with new cars coming and new models promised. Rockets are flying, self-driving cars are being tested, Musk is actively talking about the new projects. But under the surface not everything is as sunny.
It seems that the situation is so bad that Tesla are going to have to cut some of the solar panels and even demolish some of the existing ones. Right now 60 installation are open across the US and about 15 of them are to be closed. But do Tesla have no funds to even support themselves? Have did that happen?
Do you remember, about a month ago all those self-driving cars would crash into other vehicles and one even killed a woman. That would be the start of the bigger problems for the company. No one wants to invest into Tesla because their production is not quite reliable. At least it doesn’t seem so. Maybe the problems run deeper. Solar panels were ones of the branches, run by Musk’s cousins so it either the deep financial trouble, which would explain cutting off that many workers, or that the relative of Tesla’s CEO don’t really know how to run the business. Say what you will about Musk, but he has one huge plus – he is passionate about his business. And it is doubtful that he can let go of his deal without a fight.
Right now we think that we should expect some new propositions and offers from Tesla’s side. The desperately need more funding and new investors in order to stay afloat. So we think that there are a lot of interesting offers coming our way. Those that will promise a lot of profit as well as other perks. We will be waiting with excitement to see what those offers are.