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03-06-2019, 12:36 PM
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Senior Member
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Join Date: Mar 2017
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Despite Donny's Promises, The Trade Deficit Is Only Getting Wider
Care to bloviate, Whell? Why is yer boy Donny not delivering?
https://www.npr.org/2019/03/06/70065...-getting-wider
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-07-2019, 10:47 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Donny’s tariffs are hurting the stores where the poorest Americans shop
Many of whom were ignorant enough to vote for him, sadly.
https://finance.yahoo.com/news/trump...145724622.html
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-07-2019, 08:27 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Tariff Man Has Become Deficit Man
Trump really has no idea how international trade works.
https://www.nytimes.com/2019/03/07/o...p-deficit.html
Yet morons like Whell still think they're "winning", lol. Such an idiot.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-16-2019, 12:51 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Expert: 'We are worse off as a world' amid Trump's trade war
https://finance.yahoo.com/news/trade...154052679.html
Quote:
Wes Peterson, a professor of agricultural economics at the University of Nebraska-Lincoln, emphasized the global impact of the trade war.
“Trump says that trade wars are easy to win,” Peterson told Yahoo Finance. “What does it mean to ‘win’ a trade war? Basically, you’ve done damage to part of your economy.”
He continued: “If you start with a world where trade is flowing normally and you start putting tariffs on, you’ve introduced a bunch of inefficiencies and distortions into global markets that will reduce the level of world output. We are worse off as a world.”
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Of course, Donny has his own “experts”, all of them, sadly, as ignorant as Whell.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-19-2019, 07:31 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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U.S. GDP WILL LOSE $290 BILLION DUE TO TARIFFS
https://www.aem.org/news/report-u-s-...ue-to-tariffs/
Maybe a Trump Tax on all the moron Trumpkin voters would compensate the rest of us.
Whell, you were stupid enough to vote for this pig, how about manning up and finally admitted he’s an incompetent buffoon?
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-19-2019, 07:37 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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TRUMP’S FORMER ECONOMIC ADVISER SLAMS ADMINISTRATION OVER TRADE WAR, SAYS TARIFFS ‘HURT THE ECONOMY’
https://www.newsweek.com/trump-econo...conomy-1363598
Quote:
”Tariffs don’t work. If anything, they hurt the economy, because if you’re a typical American worker, you have a finite amount of income to spend,” Cohn, a former Goldman Sachs executive who served as Trump’s first director of the National Economic Council, told Freakonomics radio in an interview broadcast Wednesday, CNBC reported. “If you have to spend more on the necessity products that you need to live, you have less to spend on the services that you want to buy.”
Stephen J. Dubner, who interviewed the former Trump adviser, pointed out that the majority of economists agreed with Cohn’s point, except for Peter Navarro, who serves as the president’s director of the National Trade Council. Cohn concurred, saying, “There’s only one in the world” who disagrees, in an apparent jab at Navarro.
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Navarro is a joke. Donny is a joke.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-26-2019, 10:19 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Trump tariffs costing US consumers $1.4 billion per month, study shows
A new study finds the Trump administration's trade policies and tariffs reduced U.S. income at a rate of $1.4 billion per month by November.
The Federal Reserve Bank of New York, Princeton and Columbia conservatively estimate that U.S. tariffs cost American consumers at least $6.9 billion last year.
"Tariffs were almost completely passed through into U.S. domestic prices, so that the entire incidence of the tariffs fell on domestic consumers," the paper finds.
https://www.cnbc.com/2019/03/26/ny-f...per-month.html
MAGA!
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-26-2019, 04:09 PM
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Jigsawed
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Join Date: May 2009
Posts: 10,557
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The previous admins had been so forgiven of the Chinese and allowed China to con them with soft promises for so many years that this admin has very few weapons to deal with the Chinese extensive abuse of their relation with the US.
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04-10-2019, 09:23 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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How Populists Can Ruin a Global Recovery
https://finance.yahoo.com/news/popul...153636077.html
Quote:
The IMF says the return of central bank accommodation has helped to ease financial conditions. The U.S. Federal Reserve has stopped raising interest rates since December, as there is no sign inflation is overheating in spite of a robust labor market. The European Central Bank in March pushed back its first interest rate rise until at least next year, as it launched a new program of cheap loans to banks.
These decisions – however wise – are a sideshow to the real risks facing the world economy. Gone are the days when central bankers were the masters of the universe, with the power to lift the global outlook if only they deployed the right instrument. The election of populist administrations, from the U.S. to Italy, has put politicians back at the center of the economic scene and, unfortunately, not for good reasons.
The IMF identifies three main areas where politicians have the potential to do serious harm to the global economy. The first is global commerce: President* Donald Trump has already caused havoc in the financial markets with his trade confrontation with China. He is now threatening to do the same with the EU. Trade wars do not just put a brake on the growth of exports, as foreign demand collapses. They also undermine confidence generally, leading to lower business investment. While central banks can ease monetary policy to encourage companies to borrow, this is insufficient so long as uncertainty persists. As the economy slows, the labor market also cools, putting a further brake on internal demand.
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__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-22-2019, 01:08 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Trump’s Washing Machine Tariffs Stung Consumers While Lifting Corporate Profits
New research shows how a move meant to aid domestic manufacturers instead padded profits and raised prices on a wide variety of laundry items.
https://www.nytimes.com/2019/04/21/b...-machines.html
Quote:
Research to be released on Monday by the economists Aaron Flaaen, of the Fed, and Ali Hortacsu and Felix Tintelnot, of Chicago, estimates that consumers bore between 125 percent and 225 percent of the costs of the washing machine tariffs. The authors calculate that the tariffs brought in $82 million to the United States Treasury, while raising consumer prices by $1.5 billion.
And while the tariffs did encourage foreign companies to shift more of their manufacturing to the United States and created about 1,800 new jobs, the researchers conclude that those came at a steep cost: about $817,000 per job.
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So much winning!
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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