Economics Thread

[acesfull86]

https://www.creators.com/read/veronique-de-rugy/09/19/trumps-tariff-and-trade-aches-and-pains

“The president's profound misunderstanding of what victory looks like is particularly visible in his multifront attack on trade and globalization. All in the name of putting America first, he withdrew from the Trans-Pacific Partnership, treated our trade partners like enemies, forced a renegotiation of NAFTA with no clear idea of whether the new deal (the United States-Mexico-Canada Agreement) could ever be ratified, implemented tariffs to fight imaginary national security menaces and started a trade war with China without any clearer strategy than his willingness to jack up tariffs at all costs.”

 

[nsacpi]

https://www.creators.com/read/veronique-de-rugy/09/19/trumps-tariff-and-trade-aches-and-pains

“The president's profound misunderstanding of what victory looks like is particularly visible in his multifront attack on trade and globalization. All in the name of putting America first, he withdrew from the Trans-Pacific Partnership, treated our trade partners like enemies, forced a renegotiation of NAFTA with no clear idea of whether the new deal (the United States-Mexico-Canada Agreement) could ever be ratified, implemented tariffs to fight imaginary national security menaces and started a trade war with China without any clearer strategy than his willingness to jack up tariffs at all costs.”

The TPP would have shielded a lot of smaller countries from having China dictate the terms of their bilateral economic relationship. From a strategic big picture point of view pulling the rug out from under the TPP has been a great boon to China. And it has altered everyone's perception about the reliability of the United States as an interlocutor. The Chosen One simply lacks the chops needed to understand and analyze something like that.

 

[thethe]

The TPP would have shielded a lot of smaller countries from having China dictate the terms of their bilateral economic relationship. From a strategic big picture point of view pulling the rug out from under the TPP has been a great boon to China. And it has altered everyone's perception about the reliability of the United States as an interlocutor. The Chosen One simply lacks the chops needed to understand and analyze something like that.

You dont actually believe that Trump is making these decisions do you?

 

[nsacpi]

You dont actually believe that Trump is making these decisions do you?

Peter Navarro was his trade advisor during the campaign. Navarro is crazy. As in crazy like Gorka. Perfect adviser for the Chosen One. Imagine a situation where a 2 year old gets to hire and fire his baby sitters. It is what it is.

 

[acesfull86]

Peter Navarro was his trade advisor during the campaign. Navarro is crazy. As in crazy like Gorka. Perfect adviser for the Chosen One. Imagine a situation where a 2 year old gets to hire and fire his baby sitters. It is what it is.

Peter Navarro on one side and Stephanie Kelton on the other. Lose lose.

 

[thethe]

And yet it appears that China is willing to conceed all for tge removal of tariffs that didnt exist before trump.

Who are the 'smart' ones then?

 

[thethe]

Consumer Spending up
Consumer Sentiment up
China begging to make a deal

Real buffoons at the helm here.

 

[thethe]

[tw]1172867594665246724[/tw]

Who wants to argue that China isn't getting to the point of desperation for these tariffs to be removed?

 

[cajunrevenge]

 

[sturg33]

This is what is behind the "recovery" from the Obama years... and the massively inflated asset prices we have today. I am not sure what the way out of this is other than something very bad

[TW]1173376332853432321[/TW]

 

[57Brave]

https://www.wsj.com/articles/famili...iddle-class-11564673734?mod=e2tw&page=1&pos=1

 

[cajunrevenge]

This is what is behind the "recovery" from the Obama years... and the massively inflated asset prices we have today. I am not sure what the way out of this is other than something very bad

[TW]1173376332853432321[/TW]

Well it worked. The recession was rather mild compared to predictions at the time and we are now in unparalleled economic territory. The sensible thing would be to pull back when the economy is strong but the new President wants to continue making short term moves to super charge an already good economy and that's what's going to lead to a big crash.

 

[thethe]

Homebuilding reached a 12 year high

Recession is just around the corner.......

 

[thethe]

Existing home sales rate increased
Jobless claims decreased more than expectation
Unemployment claims decreased more than expected

Where is the recession?

 

[cajunrevenge]

Not like you would blame Trump if we had a recession anyways.

 

[thethe]

Not like you would blame Trump if we had a recession anyways.

If there is one lets see what the root cause is...any day now....

 

[nsacpi]

Existing home sales rate increased
Jobless claims decreased more than expectation
Unemployment claims decreased more than expected

Where is the recession?

Also very good housing starts numbers yesterday. It looks like housing is getting a boost from lower mortgage rates. Should offset some of the slowdown in investment and exports.

 

[thethe]

https://www.bloomberg.com/news/articles/2019-09-20/hold-that-recession-u-s-indicators-are-trouncing-forecasts?cmpid=socialflow-twitter-business&utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic&utm_medium=social

Hold That Recession: U.S. Indicators Are Trouncing Forecasts



Don't worry Runnin - That recession is right around the corner. Keep crossing those fingers.

Meanwhile - China is continuing to falter. Who is winning the trade war again?

 

[sturg33]

The fed would not be lowering rates if things were healthy

 

[thethe]

The fed would not be lowering rates if things were healthy

Because of rates cuts you think the economy is unhealthy?