POTUS keeps telling us China does! LOL
American Economics Thread
- Thread starter Bernard
- Start date
POTUS keeps telling us China does! LOL
Equation
Lieutenant General
American inherent racism rot thar gentlemen. The Trump MAGA crowd thinks the world revolve around them and mainstream conservative media keeps feeding them with that narrative.
AssassinsMace
Lieutenant General
I love reading all these articles that claim because of the jobs report having positive news for Trump gives him leverage against China. How? So Trump can have no deal like has been happening since he claimed China was going to be on it knees begging for a deal on day one of his trade war? Again like I've been saying, if the US doesn't need China why would they care about making a deal at all. If China is the one that wants the deal so badly, why is Beijing getting Trump mad when they stall on a deal that the US supposedly doesn't need? And let's ignore the fact that Trump's next round of tariffs hits all of the US corporations that outsource to China to which Trump has been avoiding mostly so far. It basically comes down to this is just spin so Americans vote for Trump.
What's happening is not about trade or Trump. It's about stopping China progression to be the world biggest economy and the power that comes with it. And the easiest and cheapest way is to use Hong Kong's situation to get the PLA to take action. When PLA moves in, American and the West will start sanctions against China. Just like the Tiananmen incident. This will hinder or stop China rise, not tariffs. US needs China as a market but not as a competitor. Meanwhile China is buying time to diversify their markets and self sufficiency. So deal or no deal, the future is sealed.
Jura The idiot
General
let me see ... Jun 19, 2019
:
Federal Reserve issues FOMC statement
as "The Committee decided to maintain the target range for the federal funds rate at 1‑1/2 to 1-3/4 percent."
:
Federal Reserve issues FOMC statement
Jura The idiot
General
Dec 21, 2018
Dow Jones Industrial Average
27,911.30
Dec 11, 2019 5:01 PM EST
about 24% percent up about one year later
and it looked like Trump might blow it, while now ...
Dow Jones Industrial Average
27,911.30
Dec 11, 2019 5:01 PM EST
about 24% percent up about one year later
Jura The idiot
General
All these new jobs are jobs gained in the Service industry, which are things like Amazon packer jobs, jobs like they hire you for the holiday season and lay you off when it ends. There are no benefits, no steadiness, no stability, not enough income to establish and sustain a family. The jobs that can sustain a family and a stable middle class are that of skilled manufacturing jobs, but it is the manufacturing jobs that are fast disappearing. The US PMI index has gone negative for the fourth straight quarter, and CASS index to go with it (goods transportation index). This indicates both sectors have been in recession for a while. This means the manufacturing job base continues to shrink.
The jobs reports are also phony. Complaining about China rigging their GDP stats? What about the US rigging their job employment stats. The US labor department has different curves for job statistics, and they choose a curve that excludes people who stopped seeking jobs after trying for four weeks, as well as people who are pemanently unemployed.
Oh now suddenly we have US jobless claims racing to a two year high.