No.
Weird to see no talk of the market rebound
Anyone care to comment?
Jaw (08-21-2019)
That's good news and it's great to see some results from the tariffs.
I was disappointed to see Trump's comments on his talk with Tim Cook a few days ago, saying that changes may have to be made because the tariffs hurt Apple in their competition with Samsung due to Samsung manufacturing in South Korea. I had hoped he at least understood that it's a goal to discourage manufacturing in China for export to the US.
Last edited by Jaw; 08-21-2019 at 07:13 AM.
Go get him!
Founding member of the Whiny Little Bitches and Pricks Club
The reconfiguration of the supply chain was always the #1 priority. We simply cant function relying on one nation as much as we do with china.
A lot of retailers reporting earnings beats. This means that consumers are spending even more than expected.
How is this happening? Wage growth and tax cuts.
Those rooting for a recession are going to be very dissapointed.
Growth is slowing. There is no denying that.
The tax increases disguised as tariffs are a negative
Not sure how it’s good news that business are going somewhere more expensive to manufacture while they try to pass on the costs to Americans consumers
Found this from a couple of months ago from Goldman Sachs.
A summary of the effects of the Trump tariffs.
https://reason.com/2019/03/05/trumps...economy-14-bi/
It has a link to a more technical paper by a group of economists that has a lot more detail.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
acesfull86 (08-21-2019)
I'm assured it isn't, and that economic theory always shows free trade to be the best trade. Along with ignoring things like unethical labor conditions and ecological impact, this also ignores the distribution of monetary resources.
The shareholders will undoubtedly make more in the free trade environment. The employees that go from working in the sevice industry to working in manufacturing will do better in the tariffed environment. I don't know how the correlation between the decline of the middle class and the rise of free trade can be dismissed as coincidental.
Go get him!
Founding member of the Whiny Little Bitches and Pricks Club