That 'booming' economy?

[icanhelp1]

I notice neither you nor any of your alts bothered to respond to the fact that Trump's shitty leadership skills have the stock market tanking.

Obviously, most normal people with a soul are more concerned with preventing the spread of a disease Trump is more concerned with stocks.

Do you have anything to say for your Nazi hero Trumpy?

You and Fuzzy, they have a movie about you two " Dumb and Dumber "

 

[Fuzzy1975]

You have no clue as to what trade is all about. You don't understand commodities, currency trading or anything else for that matter.

So lets us put this in another perspective.

You are going to negotiate 10 more deals to get the same out come...Good plan Mr Trump.

You don't get "import" "export" imbalances or wage differentials. You are completely clueless about economics and manufacturing.

Actually the above is incorrect. You seem to think your knowledge of international commodity trade is the correct one, I have time and again pointed out a trade imbalance is not a problem. You will have a trade imbalance naturally due to many reason, Absorption is one, Overhead is another, Cost of Finished Goods, Raw Material Supply Chains ( you are trying to argue with someone who works in a company that manufactures and sells internationally, I know a whole lot more about this than you, and your ignorance really shows)

Tariffs are a poor option to force a country to change their trade practice or enter into a new trade deal, why, because both sides loose. Good plan Mr Trump.

And your sources are left wing anti Trump hacks.

My sources don't give a shit about Trump, they are not even American sources, try taking off your blinders and realizing the world does not revolve around America.

Other countries have their own problems, which they need to deal with to, or are you unaware of this?

When was the last time Canada asked for US help? hmm but I do recall the US asking for Canada's help on Sept 11 2001.

We use our own intel, not information from media outlets...fuck you ARE so stupid on this...pardon the insult, but I can't think of any other way to put it.

I did some research on your health care system, hope it holds out because waiting for 2 1/2 months to see a doctor won't bode well. Our protocols just fine, our CDC will probably be bailing you out.

Ok two separate items above, unrelated to each other, which is something you do quite often in your attempts at rebuttal, but lets unpack them.

First

I did some research on your health care system, hope it holds out because waiting for 2 1/2 months to see a doctor won't bode well

I call bullshit on that, I can see a Doctor tomorrow, without an appointment, so show me the link that proves otherwise please.

Our protocols just fine, our CDC will probably be bailing you out.

Second

Unpacking the second item above, your answer sure seems to based upon pride and an attempt at an insult.

Canada is well prepared for this. Note, Public Health Units are the reactive force in a epidemic out break. Not Doctors or Hospitals in Canada. Each unit has a full time Doctor in charge, separate of Canada's health care system. This has been in place since the last change of regulations in 2001.

Your CDC has been cutting the equivalent counterpart in the US. It has been going on for 3 years...

I truly hope your President gets his shit together on this, because if he doesn't and the cluster "burst" people will die unnecessarily.

You obviously don't consider international bond or stock trading "trading".

Now the above is proof you have no idea about international commodity trade between nations.

Financials are only one segment of trade, and are managed through international agreements already in place such as the Basel III regulations,IMF, World Bank International Bank of Settlement.....

This has nothing to do with the TTP, or NAFTA, or the trade deal just signed between the US and Japan.
Clueless....

I've been trading for many years and all I can say is you don't have a clue. You have a google button and that's it.

I'm glad you have been trading for years, but just because you have been trading stocks, bonds or bullshit, does not mean you know anything about commodity trade between countries, stock markets and international commodity trade do not equate. they just use the same word, "TRADE" maybe that is why you seem to think they mean the same thing...

Trump BAD!! AND HE IS AN IDIOT!!

Fixed that up for you.

 

[dan_c00000]

So lets us put this in another perspective.

Well you pretty much ruined that alt for bot. He's going to be super pissed.

My favorite bit was when he said waiting 2.5 months to see a doctor. Meanwhile here in the US most people, because of lack of health insurance, don't see a doctor or can't afford it.

Again due to bot's massive lack of knowledge he gets another alt wrecked and added to the scrap heap.

 

[icanhelp1]

So lets us put this in another perspective.

You are going to negotiate 10 more deals to get the same out come...Good plan Mr Trump.
^^^^^^
That's not it at all. It's more about bilateral trade agreements that benefit both parties rather than these group trade agreements that held us in unfair contracts. The WTO was no friend to US interest. Combining our mutual interests to optimize each other's economies fairly. You make it sound like Trump wants to gut countries because TRUMP BAD.

Actually the above is incorrect. You seem to think your knowledge of international commodity trade is the correct one, I have time and again pointed out a trade imbalance is not a problem. You will have a trade imbalance naturally due to many reason, Absorption is one, Overhead is another, Cost of Finished Goods, Raw Material Supply Chains ( you are trying to argue with someone who works in a company that manufactures and sells internationally, I know a whole lot more about this than you, and your ignorance really shows)

^^^^^^
The US doesn't want tariff wars but in some cases it's the only way to get the attention of countries playing unfair. You can say tariff wars are destructive but that's the reason they work. It brought the US, Canada and Mexico to the table and air out differences. We understand national pride is involved and its a delicate negotiation and no one country is better than the other but playing fair is all the US is looking for. I think judging from my research that we all came to fair and equitable agreements for all concerned ( USMCA ). Just a thought; the threat of tariffs on Mexico helped stem illegal migration through Mexico to the US border and forced Mexico to monitor their own southern border. It's understandable that countries reaping the benefits of unfair trade practices against us would be pissed, and to that I say; fuck em! In the case of US, Mexico and Canada, tariffs worked and now we have a more balanced trade agreement which benefits all parties and make North America the premiere place to do business ( synergy ) We have a whole continent of raw materials, energy and have closer partnerships with shared mutual interest. A new improved NAFTA!

I agree, the USMCA is quite similar to the original NAFTA, improved labor laws agreements, tariff free auto parts, opens up Canada to american dairy, digital storage regs, EPA standards, and congressional oversight on pharmaceuticals.

You seem to think that free trade is only dealing with cost of finished goods, raw materials and commodities, fair wage practices, manufacturing locations, import and export totals and unfair applications of another country's import tariffs on our products restricting our markets, well, there's more to it than just that. The other issue is manipulating currencies, raw materials and governments subsidizing manufacturing and mining processes, lowering their prices and flooding foreign markets with cheaply produced goods at the expense of their citizenry, great for consumers but not good for competitive manufacturing, again wage differentials. Your country seems comfortable with the WTO, we're not. Until the appellate body conforms to the charter signed by WTO members and sanctions China for bad behavior the WTO can take a flying leap for itself. The WTO is acting like the UN when it comes to US interest. Most WTO lawsuits between the US, Canada and Mexico I believe were settle out of the world court, That's a good thing.

Spare me your condescending attitude, I'm not talking about manufacturing accounting principles, so stop preening your feathers. Your spouting about your experiences in your manufacturing process. I minored in accounting and economics, I also worked for Smith & Wesson manufacturing and was in involved with steel procurement and their manufacturing processes before I went into the military, so I understand fully the accounting aspect of manufacturing and overhead cost, back in the day when US steel was premiere. The USMCA was very detailed about about raw materials, manufacturing locations and wage disputes with mexico and Canada. Wage differentials between Canada, Mexico and US labor markets are settled. Before USMCA the scales tilted in Canada and mexico's favor. Cheap labor, Mexico in particular, prompted US manufacturing to leave the US for cheaper labor markets and lead to excessive outsourcing for better profit margins, which, as true capitalist, is exactly what they were supposed to do{ while our government stood idly by}. I personally experienced that when family members lost their employment with Calloway because of cheap mexican labor. You do understand that labor cost is one of our main issues here. Another issue ( USMCA ) was enforcement of socially and environmentally responsible manufacturing processes on both sides of the agreement.

The US dropped steel and aluminum tariffs after we got your attention. Canada eliminated most of theirs and we established mutually acceptable trade agreements and eliminated dumping practices and unfairly subsidized prices on steel and aluminum.

That's your favorite ploy, twisting what I said. I never said trade imbalances or trade deficits are bad, actually, they're unavoidable based on the size of the economy you're dealing with, what I said is, in order to have true free trade agreement other countries have to lower or eliminate their import tariffs against our manufacturers. Large trade deficits caused by countries using excessive import tariffs and excessively low labor cost is unfair. We lost a lot of manufacturing companies due to unfair labor practices. Labor cost are the highest overhead cost for any balance sheet and competing against markets where the gov subsidizes their labor force is unfair, mainly China and Mexico.

One example is the EU ( Germany) has a 10% import tax on american cars and we only assign a 2.5% duty on theirs, doesn't seem fair to me, maybe you have FUZZY math or something.
^^^^^^^
Tariffs are a poor option to force a country to change their trade practice or enter into a new trade deal, why, because both sides loose. Good plan Mr Trump.

^^^^^
I don't disagree with you on that. Tariffs should be avoidable at all cost if both sides play fair. We accept the blame for our situation. Previous administrations failed to protect our manufacturing assets especially the auto sector and countries took advantage, whether you like Trump or not, he's for the american worker and doing something about it when other countries have high import tariffs against our goods,' fair is fair'.

We outsourced way too many products and in some cases created national security issues, steel production and military repair parts to name a few. Good example right now is China has the market of protective masks and pharmaceuticals in the middle of a possible pandemic.

As far as Canada and US AGRI our bi-lateral trade is the strongest and perhaps the largest in the world, we're basically joined at the hip AGRI-WISE. Trump being BAD!!! IS PROPOSING TO ALLOW INDIVIDUAL STATES TO BUY DRUGS FROM CANADA in an attempt to lower drug cost for consumers.

My sources don't give a shit about Trump, they are not even American sources, try taking off your blinders and realizing the world does not revolve around America.

^^^^^^
I told you! I don't carry water for Trump, never said the world revolves around us. Our trade issues are self inflicted over decades of political neglect. Trump, on several occasions, said publicly, he doesn't blame other countries for taking advantage of our stupidity, he blames it on decades of our own political malfeasance. You would see that if you took you TDS 100x bifocals off.

Other countries have their own problems, which they need to deal with to, or are you unaware of this?

Very aware!

When was the last time Canada asked for US help? hmm but I do recall the US asking for Canada's help on Sept 11 2001.

Our two nations have a strategic intelligence sharing agreement. Terrorism is a worldwide problem, helping us was and is in your best interest also. You're not immune to it. No-one ever accused Canada of not being a good ally so spare me.

There you go changing the subject?

You have Alaska to your north and the US mainland to you south, who on God's green earth would dare fuck with you.

We use our own intel, not information from media outlets...fuck you ARE so stupid on this...pardon the insult, but I can't think of any other way to put it.

Ad-hominem will get you everywhere. So where do you get your intel from; mooses?


Ok two separate items above, unrelated to each other, which is something you do quite often in your attempts at rebuttal, but lets unpack them.

First

^^^^^^ ROTFLMAO Not sure what all this has to do with trade agreements?

I call bullshit on that, I can see a Doctor tomorrow, without an appointment, so show me the link that proves otherwise please.

It's your media, I call it as I see it, the article states you're full of shit!!!

Second

Unpacking the second item above, your answer sure seems to based upon pride and an attempt at an insult.

I ONLY INSULT WHEN INSULTED!

Canada is well prepared for this. Note, Public Health Units are the reactive force in a epidemic out break. Not Doctors or Hospitals in Canada. Each unit has a full time Doctor in charge, separate of Canada's health care system. This has been in place since the last change of regulations in 2001.

Your Toronto Sun says different, patient wait times are astronomical, just saying! Having the resources to treat illness is as critical as getting into a proactive defensive posture..


Your CDC has been cutting the equivalent counterpart in the US. It has been going on for 3 years...

Cite where our CDC is not prepared to act, or properly funded

As usual your facts are inaccurate. Our CDC was denied access to China, we had an advance team ready to help.


Unlike Canada, we have global reach and are at the tip of the spear.

There were cuts but as usual were inaccurately reported on by state Rep Richardson from GA ( D ) a Trump hating Democrat.. The cuts were targeted to 40 foreign countries and narrowed the CDC's focus to 10 countries. Other budget cuts pending but doubt they will happen in 2021

I truly hope your President gets his shit together on this, because if he doesn't and the cluster "burst" people will die unnecessarily.

If you listened to the press briefing last night it didn't seem the CDC was worried about funding, they'll get what they need and more. I believe the WHO and the CDC are working closely together to stem the spread of 2019n-CoV. A company ( Moderna Therapeutics ) in Cambridge MA. is developing shortcuts to vaccines. Inovio's lab in San Diego is also using new research DNA technology for vaccine development. Looks like all hands on deck here, we even have a corona-virus Tzar.


Now the above is proof you have no idea about international commodity trade between nations.

^^^^^^
Nothing you've written indicates you know anything about trade agreements or how tariffs work, other than more generalizations, you're good at that

Well, I used to track the commodity and futures market as well as option trading.

Financials are only one segment of trade, and are managed through international agreements already in place such as the Basel III regulations,IMF, World Bank International Bank of Settlement.....

^^^^^^^
That's what I tried to tell you. Financials are a critical sector when it comes to trade agreements and trading overall. I've said over and over that monetary policies of other countries play a critical role in trade agreements. That's why our fed rate at 1.75 is playing such a large role in global trade, it's helping to stave off a global recession. Buying and selling bonds is a form of trading, I agree it has nothing to do with free trade agreements it just gives other countries a place to park money mainly due to failed EU monetary policy. We've done our own version of base III by forcing large american banks to carry more on hand capital to leverage borrowing ( Dodd-Frank bill ).

This has nothing to do with the TTP, or NAFTA, or the trade deal just signed between the US and Japan.
Clueless....

Just saying we have great bilateral trade agreements with Australia, NZ and Japan. Japan agreed to lower or eliminate certain tariffs on AGRI and industrial products, together account for 30% of global GDP. I agree with everything you wrote on Japan, I'm not going to rewrite it all over again.

We also have a bilateral agreement with Vietnam, the most comprehensive in Vietnam history. Do you see a pattern here dummy? Bilateral give us more flexibility, allows for protection of intellectual property and we are surrounding China. It's not all about being late to the dinner table but more about the quality of the agreements.

I'm glad you have been trading for years, but just because you have been trading stocks, bonds or bullshit, does not mean you know anything about commodity trade between countries, stock markets and international commodity trade do not equate. they just use the same word, "TRADE" maybe that is why you seem to think they mean the same thing...

ROTFLMAO I fully understand the difference between financial markets, global and US, currencies, stocks and bond markets, futures, commodities and options as well as country to country free trade agreements. Your hubris is quite humorous. Buying steel for your company doesn't make you an expert on global markets, certainly doesn't make you an expert on US trade endeavors.

I guess I was talking way over your head. I guess you can't comprehend the totality of markets. The biggest problem we had with China was our AGRI being sucked into China's market. Knowing a tariff on China was around the corner and retaliation was coming big AGRI didn't adjust windage and elevation. They became complacent, reactive instead of proactive, their failure in most cases was due poor planning and not adapting to market conditions by creating and selling other products to other markets. First year bad on China second year bad on us, why? because China was a bad trading partner. Now we have a 1st step agreement with China, once we can enforce intellectual property right we'll sign a bigger deal.


Once the UK get's over the Huawei debacle and co-op's with us on 5g for national security reasons, sky's the limit, and I project the EU will fall like dominoes. Maybe that's good, maybe that's bad, we'll see. The EU open borders thing is losing popularity.

Germany is considering LNG from Qatar and the US, that would breakdown some serious EU barriers.

Fixed that up for you.

You didn't fix shit

I could cite at least 10 supporting documents but I don't think you read them. The Toronto Sun article is pretty interesting.

 

[Fuzzy1975]

You didn't fix shit

I could cite at least 10 supporting documents but I don't think you read them. The Toronto Sun article is pretty interesting.

Those refer to wait times to see a specialist dumb ass.

Not to see a Doctor. Fuck you can walk into any walk-in clinic, or Emergency room and see a Doctor and get tested for whatever you need any day of the week, it just might take 6 or 8 hrs of your time is all.


Dawn has posted so many "articles"I don't need to see them. As I have said dozens of times in the past, our system is not perfect, however Canadians live longer on average than Americans and on ALL comparative studies, by outside independent consultants who score ALL Healthcare systems ( for the WHO) based upon the EXACT same criteria, the Canadian system and the US system are on par.

Neither are in the top 10!!!

As to the epidemic outbreak, did you not read? Hospitals and Doctors in the Health system don't handle this. The resources are offered up by the Public Health Units. so yes if there is a need to hospitalize patients, that is where they would go, but the triage is not done at the hospital, it is done at the Health Unit offices. There are 36 locations of those in Ontario alone. As well each PHU operates outreach, which will deliver the services to patients in home etc. Just go google "SARS Toronto", I am sure there is something out there that explains it in language maybe you can understand....doubtful but possible...

I am done trying on the Economy as well, you are just are too ignorant of world trade ( bi- lateral or not)to have an educated discussion...blinded by Trump....chuckles

As to the health care side, there is thread already on it, feel free to go there...


Oh I just came back to Edit this in, if you know so much about world trade, answer me this question,

Why are there no Canadian Owned Automobile manufactures?

 

[icanhelp1]

Those refer to wait times to see a specialist dumb ass.

Not to see a Doctor. Fuck you can walk into any walk-in clinic, or Emergency room and see a Doctor and get tested for whatever you need any day of the week, it just might take 6 or 8 hrs of your time is all.


Dawn has posted so many "articles"I don't need to see them. As I have said dozens of times in the past, our system is not perfect, however Canadians live longer on average than Americans and on ALL comparative studies, by outside independent consultants who score ALL Healthcare systems ( for the WHO) based upon the EXACT same criteria, the Canadian system and the US system are on par.

Neither are in the top 10!!!

As to the epidemic outbreak, did you not read? Hospitals and Doctors in the Health system don't handle this. The resources are offered up by the Public Health Units. so yes if there is a need to hospitalize patients, that is where they would go, but the triage is not done at the hospital, it is done at the Health Unit offices. There are 36 locations of those in Ontario alone. As well each PHU operates outreach, which will deliver the services to patients in home etc. Just go google "SARS Toronto", I am sure there is something out there that explains it in language maybe you can understand....doubtful but possible...

I am done trying on the Economy as well, you are just are too ignorant of world trade ( bi- lateral or not)to have an educated discussion...blinded by Trump....chuckles

As to the health care side, there is thread already on it, feel free to go there...


Oh I just came back to Edit this in, if you know so much about world trade, answer me this question,

Why are there no Canadian Owned Automobile manufactures?

You can't refute what I said, I'm not ignorant, you can't get past your TDS.

 

[icanhelp1]

Those refer to wait times to see a specialist dumb ass.

Not to see a Doctor. Fuck you can walk into any walk-in clinic, or Emergency room and see a Doctor and get tested for whatever you need any day of the week, it just might take 6 or 8 hrs of your time is all.


Dawn has posted so many "articles"I don't need to see them. As I have said dozens of times in the past, our system is not perfect, however Canadians live longer on average than Americans and on ALL comparative studies, by outside independent consultants who score ALL Healthcare systems ( for the WHO) based upon the EXACT same criteria, the Canadian system and the US system are on par.

Neither are in the top 10!!!

As to the epidemic outbreak, did you not read? Hospitals and Doctors in the Health system don't handle this. The resources are offered up by the Public Health Units. so yes if there is a need to hospitalize patients, that is where they would go, but the triage is not done at the hospital, it is done at the Health Unit offices. There are 36 locations of those in Ontario alone. As well each PHU operates outreach, which will deliver the services to patients in home etc. Just go google "SARS Toronto", I am sure there is something out there that explains it in language maybe you can understand....doubtful but possible...

I am done trying on the Economy as well, you are just are too ignorant of world trade ( bi- lateral or not)to have an educated discussion...blinded by Trump....chuckles

As to the health care side, there is thread already on it, feel free to go there...


Oh I just came back to Edit this in, if you know so much about world trade, answer me this question,

Why are there no Canadian Owned Automobile manufactures?

Because of our nations synergies, it was more cost effective to build plants in Canada and manufacture vehicles there. Your population is too small to support domestic producers and provide a broad range of makes and models. US automakers have been closely integrated with Canada for many years and it makes sense for US auto-makers to invest in Canadian markets, manufacture vehicles and auto-parts in Canada, it's a win win for both countries. The US and Canada have always shared common interest, common borders and most importantly common supply chains. We didn't lose jobs to canada, we mutually invested in each other with mutual trade agreements and a relatively equal wage structures in both countries. Steel and aluminum tariffs are lifted but still don't understand how global overproduction will be dealt with. If Trump and Pelosi can get their collective heads out of their asses and come up with an infrastructure plan those excesses will disappear. Its all about synergies. I don't believe any of our auto-makers closed one plant in america to move to Canada to pad the bottom line. We can discuss the rust belt and how unions destroyed a good thing, but you're probably a strong proponent of unions. Now Mexico is a different story.

 

[Fuzzy1975]

Because of our nations synergies, it was more cost effective to build plants in Canada and manufacture vehicles there. Your population is too small to support domestic producers and provide a broad range of makes and models. US automakers have been closely integrated with Canada for many years and it makes sense for US auto-makers to invest in Canadian markets, manufacture vehicles and auto-parts in Canada, it's a win win for both countries. The US and Canada have always shared common interest, common borders and most importantly common supply chains. We didn't lose jobs to canada, we mutually invested in each other with mutual trade agreements and a relatively equal wage structures in both countries. Steel and aluminum tariffs are lifted but still don't understand how global overproduction will be dealt with. If Trump and Pelosi can get their collective heads out of their asses and come up with an infrastructure plan those excesses will disappear. Its all about synergies. I don't believe any of our auto-makers closed one plant in america to move to Canada to pad the bottom line. We can discuss the rust belt and how unions destroyed a good thing, but you're probably a strong proponent of unions. Now Mexico is a different story.

Nope sorry you loose... go look up the 1964 auto pact. The US proposed and signed this deal to PREVENT Canada from developing it's own auto industry.

The auto pact was also the synergy for the FTA between Clinton and Mulroney. The deal was struck after the WTO ruled Canada and the US tariffs on import auto's was illegal. It was a means to lower auto cost's manufactured in North America, to compete against the cheap foreign imports that now could come in at a substantially reduce tariff percentage. But if your going to do a deal, lets do a comprehensive one. So that was how the FTA came to be.

I am not going to detail all this trade history out, or how the original terms of the FTA came about either but your ignorance is deep and wide. Perhaps if you got over your Trump TDS. You might actually learn something.

Or better yet, if Trump, way back in the beginning of his term had put "Good" people into the proper roles, and then actually let those people, the ones with real knowledge do their job, the US would be leaps and bounds ahead of where it currently is. Trump could sit back and revel in accolades, which would be deserving. But he cant, now why is that?

 

[icanhelp1]

Nope sorry you loose... go look up the 1964 auto pact. The US proposed and signed this deal to PREVENT Canada from developing it's own auto industry.

The auto pact was also the synergy for the FTA between Clinton and Mulroney. The deal was struck after the WTO ruled Canada and the US tariffs on import auto's was illegal. It was a means to lower auto cost's manufactured in North America, to compete against the cheap foreign imports that now could come in at a substantially reduce tariff percentage. But if your going to do a deal, lets do a comprehensive one. So that was how the FTA came to be.

I am not going to detail all this trade history out, or how the original terms of the FTA came about either but your ignorance is deep and wide. Perhaps if you got over your Trump TDS. You might actually learn something.

Or better yet, if Trump, way back in the beginning of his term had put "Good" people into the proper roles, and then actually let those people, the ones with real knowledge do their job, the US would be leaps and bounds ahead of where it currently is. Trump could sit back and revel in accolades, which would be deserving. But he cant, now why is that?

I did read about AFTA 1964, but that dissolved in 2001. Reading other opinions pieces more current seems to indicate what I wrote. As a nation you have the the talent and resources. I don’t suffer from TDS.

 

[JackLuis]

Markets are ‘getting ready for something worse’ amid coronavirus chaos: Expert

On Thursday’s edition of CNN’s “The Situation Room,” business analyst Richard Quest said that the United States is not likely on track for a recession at the moment — but that if the coronavirus outbreak explodes within the country, it could destabilize the economy into a tailspin.

“The 1,190-point drop today, the largest in the history of the New York Stock Exchange,” said anchor Wolf Blitzer. “Over the past week, the Dow Jones has dropped 3,581 points since last Thursday alone … could the U.S. economy now go into recession if the coronavirus spreads here in the United States?”

Seems like its' booming right along!

 

[RelentlessOnanism]

A genuine question...

...how 'booming' is the US economy. I live in the UK and I've seen Trump bragging about how fantastic the economy is. From my perspective, based on GDP figures, it seems like the US economy has been growing for ten years or so, at a steady but not exactly mind-blowing rate. Is the US economy really that much better than it was three or four years ago? Is it growing at a considerably faster rate? Or is it just chugging along at a steady lick, like it has since the end of the first Obama term?

 

[SecretSapphic]

Donald Trump has staked his entire reelection campaign on taking credit for Wall Street and the economy, but Trump now has the 8 biggest Dow drops in US history.

 

[SecretSapphic]

Fed study: Trump tariffs backfired, caused job losses and higher prices

https://thehill.com/policy/finance/...backfired-caused-job-losses-and-higher-prices

 

[dan_c00000]

...how 'booming' is the US economy. I live in the UK and I've seen Trump bragging about how fantastic the economy is. From my perspective, based on GDP figures, it seems like the US economy has been growing for ten years or so, at a steady but not exactly mind-blowing rate. Is the US economy really that much better than it was three or four years ago? Is it growing at a considerably faster rate? Or is it just chugging along at a steady lick, like it has since the end of the first Obama term?

It's chugging along at a slightly lower clip than Obama. Trump boasted that he'd bring huge GDP gains, yet, if you look at the actual data you'll see he's never reached Obama's highs.

 

[magicalmoments]

I see this thread has all but disappeared.

So... How is that booming economy going? We out there in the world need an update.

And let's not forget, your impeached president is totally and solely responsible for its current state of being. He said so himself, several times, before the 2016 election.

Here, let me start: unemployment, currently at 37 million, that's up 32 million in 2 months.

 

[magicalmoments]

So... No-one wants to talk about that booming economy.

Surely someone wants to tell us how impeached president trump had George Floyd killed to encourage a decrease in black unemployment numbers and a resurgence on Wall Street.

C'mon I miss hearing all the great things you find on right wing media outlets to brag about.

How's that middle class doing? Still shrinking? I bet it is as large numbers of those made redundant end up in the lower classes. Let's all say in unison, "thank you impeached president trump"

#USAisfucked

 

[Ziggins]

The US economy has been built on debt since the 1980s. When the nation can't borrow anymore, the economy becomes a trash bag full of soup hitting the sidewalk. Most investments become worthless.

 

[Tigersman]

In 2019, the economy is great. The U.S. labor market has added more than 6.3 million new jobs since President Donald J. Trump was elected. In fact, there continue to be more jobs open in America than there are people looking for work. Unemployment is the lowest it has been since the end of 1969. And the unemployment rate for African-Americans, Hispanics, people with disabilities and military veterans is the lowest ever recorded for each category.

At the same time, wages are up. The Bureau of Economic Analysis recently published its annual revisions to personal income data showing that employee compensation rose 4.5 percent in 2017 and 5 percent in 2018. The trend continued in 2019 as compensation rose 3.4 percent during the first six months.​

S. Walker, Acknowledging Trump's robust economy, Washington Times (Aug. 8, 2019).

Your statement about the unemployment figures being the lowest since 1969 is crock. When a person's unemployment benefits run out they are removed from the unemployment list, but they are still unemployed. As for wages going up, the only wages going up are CEO's and top management.

 

[Tigersman]

And then accuse the right of doing what you really are doing. Mueller WAS a witch hunt that was based a FAKED report by a foreign spy who was PAID by Hillary to write it. Hillary's e-mails??? That has been PROVEN with actual HARD EVIDENCE. Her e-mails have been recovered. Her excuse? The Russians did it.

So, please, grow up and stop with the "I know you are but what am I?" That got old a long time ago.

You need to grow up. Clinton's email were recovered by the Russians after Chief Bone Spurs asked for their help finding them. Since then Trump has asked the Russians, the Chinese and the North Koreans to help find corruption by the Bidens.

 

[Schlank]

American farms are going bankrupt, American manufacturing is in a recession and America's tourism industry is in huge trouble.


And to make matters worse, America's homeless population keeps going up. During the Obama years, we saw homelessness decline. But since Trump was sworn in, we've seen homelessness increase. Every year Trump has been in office, homelessness in the country has gotten worse. At last count, we had 568,000 homeless Americans with 37,085 of those people being homeless veterans.

But yeah, Trump keeps telling us that the U.S. economy is the best anyone has ever seen.

Only one in six say their financial situation improved after three years of Trump: report

The report notes that a survey commissioned by Bankrate.com revealed that, “The ‘Trump Bump’ hasn’t benefited most Americans, with fewer than one in six saying their personal finances have improved since Donald Trump became president.”


According to the survey, despite claims from the president that he has led America to its best economy ever, few are reaping the rewards if there are any.


“Almost twice as many respondents said they’re worse off since Trump moved into the White House in January 2017,

https://www.rawstory.com/2020/06/on...f-trump-report/?utm_source=push_notifications

 

[magicalmoments]

More success for impeached president Trump today.
It has been reported that his stupid attempts to open the USA ecnomy and get america working again has limited the further shrinkage in the american economy to a mere drop of 33%.
The greatrest rescue of a national economy in a global pandemic ever.
Well done impeached president trump another glowing achievement to add to your great list.

#USAisfucked

 

[jaF0]

Iconic department store Lord & Taylor to close all stores

NBC News|11 minutes ago

After nearly two centuries in business, Lord & Taylor, America's first department store, is liquidating all of its assets and closing its doors. The announcement on Thursday comes just weeks after the company filed for bankruptcy adding to a long list of retailers thrown into a financial downfall by the coronavirus.

https://www.nbcnews.com/business/co...t-store-lord-taylor-close-all-stores-n1238746


It's official: Lord & Taylor going out of business

The Business Journals|5 hours ago

Lord & Taylor, the first department store established in the United States, is officially going out of business. The bankrupt company announced Thursday that it was closing

https://www.bizjournals.com/bizwome...rd-taylor-going-out-of-business.html?page=all



Killed off by America's first Dictator

 

[Conager]

Iconic department store Lord & Taylor to close all stores

NBC News|11 minutes ago

After nearly two centuries in business, Lord & Taylor, America's first department store, is liquidating all of its assets and closing its doors. The announcement on Thursday comes just weeks after the company filed for bankruptcy adding to a long list of retailers thrown into a financial downfall by the coronavirus.

https://www.nbcnews.com/business/co...t-store-lord-taylor-close-all-stores-n1238746


It's official: Lord & Taylor going out of business

The Business Journals|5 hours ago

Lord & Taylor, the first department store established in the United States, is officially going out of business. The bankrupt company announced Thursday that it was closing

https://www.bizjournals.com/bizwome...rd-taylor-going-out-of-business.html?page=all



Killed off by America's latest Dictators

Although DeBlasio and Cuomo share some blame here, Americans sloppy wardrobes as well as Bezos and his below cost deal with the USPS for deliveries has far more to do with their demise.

 

[Schlank]

No, Trump didn’t create ‘the greatest economy in history’ — or even in the last few years

The most repeated phrase of the Republican National Convention was that President Donald Trump created the greatest economy the world has ever seen. The evidence, however, shows that it’s not the greatest in world’s history, or American history. It may not be even better than the Obama economy, even before the pandemic devastated our economy.

GDP Growth: I went to Macrotrends.net to gather all of the data on annual growth rates from 1961 to 2019, before the pandemic. In his best year, 2018, Trump’s growth rate was 3.18 percent, good for 29th best since JFK took office. In 2019, the GDP growth rate was 2.33 percent (41st best) and in 2017, it was 2.22 percent (44th best) out of all 59 years. In 1950, our first quarter GDP growth rate was 16.7 percent, according to Trading Economics.


And that’s before 2020. The Bureau of Economic Analysis revealed that our economy shrank by 5 percent during the first quarter, and a historic low -32 percent in the second quarter, as confirmed by Trading Economics.


Unemployment: President Barack Obama inherited the Great Recession, which began at the end of the George W. Bush administration. The unemployment rate was 9.9 percent in 2009. It declined every year down to 4.7 percent in 2016, according to Forbes. It has further declined under Trump to 3.5 percent in 2019 but then shot up to 14.7 percent in April in the midst of the pandemic. As of this writing, it is still in the double-digits.


Annual Median Household Income: As the Joint Economic Committee concluded: “During the last two years of the Obama administration, annual median household income increased $4,800. This is three times more than the $1,400 increase during the first two years of the Trump administration.” And this was published before the declines of 2020.

Stock Market: I expected that the stock market would have done better for Trump than Obama. I was incorrect. According to the JEC: “Between President Trump’s Inauguration Day and November 2019, the Dow Jones Average increased more than 40 percent, while over the eight years of the Obama administration, the DJIA increased almost 150 percent – a substantially greater pace.” The stock market had declined so much before Obama took office, so his numbers look better primarily for this reason.

Trade Deficit: Given his rhetoric on the trade and all of his claims to success. I was surprised to discover that under Trump the trade deficit became worse than it did under the Obama administration. “Despite his aggressive trade moves, the total monthly trade deficit in goods and services — that is, the value of goods and services exported by the US minus the value of imports — has gotten larger in the last couple years,” confirms Business Insider.

https://www.rawstory.com/2020/08/no...last-few-years/?utm_source=push_notifications

 

[JackLuis]

900,000 Pennsylvanians could face eviction this fall if government fails to act

Every day when 23-year-old Brittany Bells arrives at her apartment in Allentown — a city of around 100,000 in the Pennsylvania Rust Belt — she fears an eviction notice could be tacked to the door. Since the start of the pandemic, Bells, who says she has always paid rent on time, has been in her landlord’s crosshairs. Her fears were heightened after her father died in August; he co-signed her lease back in 2018, and she accuses her landlords of harassing her ever since he passed away. Despite paying rent on time since the pandemic started, and keeping up with the occasional late fees that she accrued before then, she tells Salon that the pandemic provided her landlord with an opportunity to kick her out — and they pounced.

As Marc Stier of the Pennsylvania Budget and Policy Center pointed out, almost 900,000 Pennsylvanians will be homeless once the moratorium ends and landlords have their way with mass evictions. In Pennsylvania, it only takes roughly one month for a person to be locked out from the moment the eviction complaint is filed unless it is appealed, and even with an appeal, tenants are still required to pay their rent to stay an eviction order.

The Keystone state eh?