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Are you personally running out and fighting fires, DMC?
(shrugs)
Looks like you don't like having your nose rubbed in the you left on the floor. Keep calling it a meltdown.
Are you personally running out and fighting fires, DMC?
The guilt you feel for your lack of action only generates enough energy to cause you to blog more.
Economists say GM layoffs are just the start of fallout from Trumponomics: ‘This is the chickens coming home to roost’
“If I’m elected, you won’t lose one plant.
You’ll have plants coming into this country,” he said at a campaign rally in Michigan in October, 2016.
“You’re going to have jobs again, you won’t lose one plant.
I promise you. I promise you.”
these closings are only the beginning as
GM alone has lost $1 billion because of Trump’s tariffs on steel and aluminum.
“They can read the crystal ball and see what’s coming,”
Scott said
Trump’s trade policies make no sense and that his tax cuts have been counterproductive.
“If nothing is done
to address the problems created by Trump’s budget and failed trade policies,
the problem is going to get worse,”
https://www.rawstory.com/2018/12/eco...ng-home-roost/
Trump's Advisers Struggle to Explain Deal He Says He Cut With Xi
Treasury Secretary Steven Mnuchin and Trump’s top economic adviser, Larry Kudlow,
dialed back expectations and added qualifiers.
Officials in Beijing did not respond to requests for an explanation and neither did the Chinese embassy in Washington.
Trump nevertheless praised himself for the dinner,
https://www.bloomberg.com/news/artic...d=premium-asia
Trash didn't eat dinner, paranoid about foreign foods, like any mature, sophisticated, well-travelled billionaire
tariff man: https://www.youtube.com/watch?v=15_A511X3Ks
Deep-red state farmers just announced massive losses from Trump’s trade tariffs
The grassroots farmers organization released their estimate of the cost of the president’s trade war on Nebraska’s agricultural industry and came up with an
astonishingly high total of around $1 billion.
“Retaliatory tariffs make our U.S. products more expensive for international customers, meaning they buy less or buy from someplace else,”
Nebraska Farm Bureau President Steve Nelson told the Omaha World-Herald yesterday.
“This report provides a clear picture of how much we’ve lost due to those tariffs and the need to improve our trade relations,”
he said in what many Nebraska farmers surely saw as the understatement of their lives.
While the study did not offset the estimate of the state’s agricultural sales losses with the amount of emergency federal payments that the Trump administration authorized to farmers who have suffered because of its tariff policies,
it does demonstrate the scale of the damage that those policies have caused, particularly since the Market Facilitation Payments to affected farmers comes from American taxpayers rather than overseas agricultural customers.
https://washingtonpress.com/2018/12/04/deep-red-state-farmers-just-announced-massive-losses-from-trumps-trade-tariffs/?fbclid=IwAR3TKpwVvl2GAnX7rHkXQ3iw7hi-rCZisCwt-HIDmizlwSuiIfCbYc7pvdE
====================
Farmers Say Aid Won’t Cover Tariff Damage
USDA has begun making payments to farmers affected by trade conflicts
https://www.wsj.com/articles/farmers...age-1537974178
Huawei founder's daughter arrested on U.S. request, puts trade war truce in doubt
The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States,
dealing a blow to hopes of any easing of Sino-U.S. trade tensions and rocking global stock markets.
The shock arrest of Meng Wanzhou, who is also Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, is riling authorities in Beijing and
raises fresh doubts over a 90-day truce on trade struck between Presidents Donald Trump and Xi Jinping on the day she was detained.
The arrest is related to violations of U.S. sanctions, a person familiar with the matter said.
Reuters was unable to determine the precise nature of the violations.
https://www.reuters.com/article/us-u...2F+Top+News%29
DJIA down 500 points this morning
has your 401K started to tire of all the winning?
Let's not forget the near 800 point drop on Tuesday.DJIA down 500 points this morning
I'd say lol Tariff Man, but I'm crying ...
down 700 now. index is negative for the year.
S&P death cross is getting close (50 day moving average dropping below the 200 day average)
https://www.marke ch.com/story/a-...ers-2018-12-06More than half of the S&P 500’s 11 sectors have seen death crosses, and a chunk of the index’s cons uents are in bear markets, having declined at least 20% from a recent peak. Both the S&P 500 and the Nasdaq are in correction, usually defined as a 10% drop from a peak.
The Tariff Man Can!
eh, I don't think tariffs caused this. what the movement of the market shows is its relative immunity to policy in the macro.
Volvo to slow hiring at new plant, may move some production to China because of Trump's tariffs
Volvo's new South Carolina plant, which opened in June, is gradually ramping up to produce the S60 sedan. In 2021, the plant will begin assembling the Volvo XC90 SUV. Once it's making both models, the plant will ship about half of its vehicles to foreign markets, according to Volvo's original plan.
But if the U.S. dispute with China isn't resolved soon, those plans could be changed, too.
"We ... thought Charleston could build cars for China," Samuelsson said. "That will not work."
Instead, he said, the company is making plans to build the S60 in China for sale to customers there. Volvo is owned by Chinese automaker Geely.
So far, Trump’s tariffs are making Chinese manufacturing stronger. As CNBC notes, SUV production had been on the rise, with China being the No. 1 buyer of vehicles assembled in the USA.
https://www.dailykos.com/stories/2018/12/5/1817210/-Volvo-will-slow-hiring-at-new-plant-will-move-some-production-to-China-because-of-Trump-s-tariffs?detail=emaildkre
I think these market movements are triggered off of perceptions of trade war/tariffs/idiotic tweets/etc... I do agree that policy and the market can and do pass each other by with little to no interaction.
agreed about perceptions
Trump thinks we're idiots:
Trash and Repugs KNOW their supporters ARE idiots, and they know how to sucker, dupe, screw them
Close
Under Trump, the U.S. debt grew by the size of the Brazilian economy in just two years
Total public debt outstanding has jumped by $1.36 trillion, or 6.6%, since the start of 2018, and
by $1.9 trillion since President Trump took office,
https://www.latimes.com/business/la-fi-federal-debt-20181212-story.html#nws=mcnewsletter
yawn, debt always grows under Repugs, by 2x or 3x compared to the debt at the start of a Repug administration,
since the oligarchy's little St Ronnie switched the US from "tax and spend" to "borrow and spend"
Repugs have announced, while enriching the oligarchy by $Ts, to impose more brutal, suffering-and-death austerity on the non-oligarchy.
Time to cut pensions and benefits, those tax cuts aren't going to pay for themselves.
and Medicaid, Medicare, Social Security, Federal safety net, school lunches, summer meals for school children, etc, etc.
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