Recessions are good
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Yeah Venezuela's economy is booming!
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I feel so much richer now that I realize Venezuela sucks!Sledog said:Yeah Venezuela's economy is booming!
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Manufacturing burgers never left. You're safe, Hondo.2001400ex said:
Tax cuts will bring our manufacturing jobs back!!HHusky said:
Manufacturing is in recession. It was in all the papers. You're not bright.SFGbob said:
We've had two quarters in a row of negative GDP? Got a link Kunt?HHusky said:
Manufacturing remains a small part of the US economy. Daddy's trade war has driven it into recession.Bendintheriver said:
The solution is to wait them out dumbfuck. Did you think the Communists were going to care whether they were stealing our technology or putting our people out of work by dumping their junk into this country? We had to draw a line at some point. As we saw with BO he just laid down like a fucking rug and told Americans manufacturing in this country was dead. Brilliant.CirrhosisDawg said:
There’s a solution in this post? I noticed that once again you never answer any questions,Bendintheriver said:
I know lil' buddy, we should just let them take more advantage of the American people and put more out of work with higher trade deficits. How much do you want to let them steal in intellectual property? 10 Trillion? How many trillions until you FEEL GOOD about our relationship with China?CirrhosisDawg said:We have to destroy free trade with tariffs to save free trade.
What other solution do you have? -
Are those real namewCirrhosisDawg said:Senator Reed Smoot and Representative Willis Hawley are belly laughing about trump’s China tariffs in the media room.
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I actually think there's a huge loss of demand for the Yuan and that China is actually probably trying to prop it up not the other way around. Just my guess though. I think the 6.5(or 6.2)% GDP growth figures are complete horseshit and mirror targets way to well despite huge losses in demand across multiple sectors. It's the same playbook as the great leap forward when iron production was falsified to make leadership happy. There's no one place to point to but there's systematic bias and error in measurement down to a grassroots level. When you have over a billion people measuring something with bias you can end up with some wildly inaccurate measurements.PurpleThrobber said:
@UW_Doog_Bot - what's your take on the Chinese devaluing their currency today?UW_Doog_Bot said:"That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.
Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.
Morgan Stanley defines a global recession as one where global growth is below 2.5%."
I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.
Head fake or justified?
The Throbber doesn't trust those sneaky bastards.
I'm educated on a lot of the subject and watch a lot of these things closely but this is all still my best guess. Please don't make any currency bets on my takes. Dismal science is dismal to begin with and I'm not half as tuned in as I once was to international supply chains.
Actually curious what international capital markets are doing @CirrhosisDawg -
China blinked again by the way
Trying to run out the clock and wait for Biden -
Can't wait for all the low paying jobs making plastic crap come back to the US.
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They're inscrutable.RaceBannon said:China blinked again by the way
Trying to run out the clock and wait for Biden -
NoHHusky said:
They're inscrutable.RaceBannon said:China blinked again by the way
Trying to run out the clock and wait for Biden
Pretty clear actually -
Why, do you need a job? Or are looking to get that welfare mother with 5 kids who's ass you were tapping a job?HustlinOwl said:Can't wait for all the low paying jobs making plastic crap come back to the US.
