Steel and aluminum tariffs...

[sickdsm]

Either I am right, or I am wrong in pointing out that Canadians will want to boycott American goods and services.

I can see how people who don't like to take personal responsibility for things, might not like being reminded of consequences.

The irony of you stating that someone self employed doesn't take personal responsibility is very thick.

What is your background?

[boutons_deux]

Why China 'holds all the aces' in a full-blown US-China trade war

• The Trump administration announced on Friday it will impose a 25 percent tariff on up to $50 billion in Chinese goods in an effort to protect U.S. intellectual property and technology.

• China in retaliation said it will introduce taxation measures of the same scale and strength.

• The objective is to reduce the size of the U.S.--China trade deficit from an estimated $370 billion to $200 billion by 2020.
• The administration says these alleged IP appropriations along with corporate espionage have cost the U.S. economy between $225 to $600 billion a year.
• While this may hurt China in the short-term, it has other markets to sell to in Asia and elsewhere.

before evaluating the policy prescriptions for this problem,

we must first consider the starting point, which is flawed.

The current $370 billion deficit estimate does not account for value-added.

When looking at the value-added content of Chinese exports,

the U.S. deficit with China is actually only half of what it seems.

And if we then add back the U.S. surplus in "invisibles" and

how much money the United States brings back from investments in China,

the U.S.–China deficit shrinks from 2 percent of U.S. GDP to 0.8 percent,

a report from Oxford Economics revealed.


https://www.cnbc.com/2018/06/15/why-...trade-war.html

[RandomGuy]

The irony of you stating that someone self employed doesn't take personal responsibility is very thick.

What is your background?

Meh, just in with ya. Withdrawn as unfair comment.

I like giving people who identify as "conservative" (ish) about self responsibility, because turning a trope back on people can be fun.

[sickdsm]

Meh, just in with ya. Withdrawn as unfair comment.

I like giving people who identify as "conservative" (ish) about self responsibility, because turning a trope back on people can be fun.

Translation: You give knee jerk responses based on political leaning without thinking of the actual facts.

[Winehole23]

trade talks have collapsed, Trump threatens $200B in additional tariffs

[Winehole23]

are trade deficits bad for the economy?

if not, why are they bad?

But are trade deficits necessarily bad for the U.S. economy?

The answer is no. Trade deficits are not a sign of unfair trade practices or a lack of American “compe iveness.” Trade deficits are caused by factors in the macroeconomy that are not directly related to trade. To understand why, journalists should borrow a technique from investigative reporting and “follow the money.”

When Americans buy imports, foreigners must do something with the dollars they earn. They can either use the dollars to buy American exports or to invest in American assets, such as Treasury bills, stocks, real estate, and factories.

If the amount of investment capital entering the U.S. exceeds the amount flowing Out, the extra dollars entering the country can then be used by Americans to buy imports over and above the amount we could buy merely from what we earn by selling exports. So a current account deficit is simply the mirror image of a capital account surplus.

In the global economy, some countries, such as the United States, are net importers of capital and thus run a trade deficit. Others, such as Japan, are net capital exporters because domestic savings exceed domestic investment. The excess savings these capital exporters send abroad returns to their home market to purchase exports, creating a trade surplus.

https://www.cato.org/publications/co...eally-bad-news

[RandomGuy]

Translation: You give knee jerk responses based on political leaning without thinking of the actual facts.

Guilty as charged. One of my worst qualities, and something I try to change here and there to be a better person. FWIW: You are one of the few here I have any modi of respect for at this point. I think most conservatives have sold their souls to the Trump party in one way or another.

[RandomGuy]

trade talks have collapsed, Trump threatens $200B in additional tariffs

Deregulation of financial markets... irrational exuberance, trade tariff wars...

Why does this all sound familiar?

[boutons_deux]

Guilty as charged. One of my worst qualities, and something I try to change here and there to be a better person. FWIW: You are one of the few here I have any modi of respect for at this point. I think most conservatives have sold their souls to the Trump party in one way or another.

whoa, I don't go that far, but sickd is one the few rightwingnutjobs I don't have on ignore.

[SnakeBoy]

are trade deficits bad for the economy?

if not, why are they bad?

https://www.cato.org/publications/co...eally-bad-news

Do you agree with Griswold's rosy view of the globalized economy?

[RandomGuy]

Do you agree with Griswold's rosy view of the globalized economy?

Globalization is really just shorthand for expanding economic liberty across international borders. The debate it has spawned is the repackaging, on a global scale, of the long-running argument over whether the way to prosperity is through free markets or centralized government planning, or some “third way” between the two. If you believe free markets unleash forces that are destructive to human happiness and must be controlled by active government intervention, you will tend to see globalization as a threat. If you believe that free markets, operating within a rule of law, are essentially self- regulating and lead, in the words of Adam Smith, “as if by an invisible hand” to a greater general prosperity, then you will tend to see globalization as a blessing.

https://www.cato.org/publications/co...-globalization

Seems about right, even 20 years on. Pointedly noted that his essay doesn't mention China, which in 2000 was still a closed off backwater. Seems like no few of his points proved remarkably prescient on that basis.

[sickdsm]

The fact that you two, among others, refer to me as right wing nut job and conservative should show some perspective as to how far left of center you actually are. Didn't vote for Trump, no GOP candidates that had a chance were of interest to me. Was an Obama supporter during the first term election etc.


"But I'M the right wing nut job"

[Winehole23]

i DIDNT CALL ANYONE A NUT JOB

[sickdsm]

i DIDNT CALL ANYONE A NUT JOB

Feeling insecure?

[Winehole23]

Do you agree with Griswold's rosy view of the globalized economy?

WITH THE 20 YEARS AGO CATO INS UTE TAKE? OF COURSE NOT. MY FOLLOW UP QUESTION SUGGESTS GLOBALIZATION MIGHT BE BAD FOR REASONS OTHER THAN THE EFFECT ON AGGREGATE DEMAND.

[Winehole23]

Feeling insecure?

HARDLY. YOU'RE THE ONE FISHING WITH JUST A BARE HOOK IN THE SPACE FORCE THREAD

[sickdsm]

HARDLY. YOU'RE THE ONE FISHING WITH JUST A BARE HOOK IN THE SPACE FORCE THREAD

You on some drugs? I was referencing random and Bou calling me conservative and rightwingnutjob in this thread.

Rent free.

[Winehole23]

I WISH I WAS

[Chris]

[Blake]

"There is a catch, however. Europe also wants a 25 percent tax on imported pickup trucks, SUVs and big vans scrapped, according to the report. That tax has been in place since the Johnson administration and scrapping it could alienate U.S. auto workers, a key cons uency for President Donald Trump."

https://www.cnbc.com/2018/06/20/germ...os-report.html

[boutons_deux]

"There is a catch, however. Europe also wants a 25 percent tax on imported pickup trucks, SUVs and big vans scrapped, according to the report.

[Blake]

https://www.marke ch.com/story/do...now-2018-06-20

"the Dow struggled to hold on to gains and break its six-day losing streak.

Recent trade has been driven by uncertainty surrounding trade policy, which has colored investor sentiment since March.

"

[boutons_deux]

https://www.marke ch.com/story/do...now-2018-06-20

"the Dow struggled to hold on to gains and break its six-day losing streak.

Recent trade has been driven by uncertainty surrounding trade policy, which has colored investor sentiment since March.

"

"some" say the stock market is ridiculously overvalued, worse than '29, '00, '07

[Pavlov]

[Winehole23]

timestamps almost simultaneous