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by WARREN MOSLER Still in contraction: China Imports Tumble in June Imports to China plunged 7.3 percent from a year earlier to USD 161.86 billion in June 2019, much worse … Read more
by jhadj US govt to provide aid program – www.reuters.com/article/us-usa-trade-china-agriculture/trump-says-us-farmers-to-get-15-billion-in-aid-amid-china-trade-war-idUSKCN1SJ22Z and at the same time China may increase purchases on USA agriculture products “We’re holding back on tariffs and … Read more
by WARREN MOSLER Now in contraction year over year: US Durable Goods Orders Drop for 2nd Month New orders for US manufactured durable goods fell 1.3% in May, after a … Read more
From Birch Gold Group It looks like POTUS is borrowing his script from the U.S.-China trade war to apply new tariffs to all Mexican goods. According to Newsmax, the new tariffs on … Read more
China’s tit-for-tat tariffs on US-made goods have come into effect. The import tax on over 5,000 items is now 25%. READ MORE: on.rt.com/9vjo AC
by WARREN MOSLER More of same as trade war takes its toll globally: Headline Durable Goods New Orders Declined in April 2019. Inflation Adjusted New Orders Are In Contraction Trump … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Sign the already weak goods-based sector is getting weaker. Boeing, where art thou? Boeing is suffering from a sharp decline in orders, and this translates into a sharp … Read more
by visualcapitalist When you are walking along the boardwalk on vacation, you know it’s a “buyer beware” type of situation when you buy directly from a street vendor. Those Cuban cigars … Read more
via mishtalk: Trump announced in Tweets he is hiking tariffs on China. He told two lies in those Tweets. There’s an implied third lie. Supposedly, trade talks with China are going … Read more
by WARREN MOSLER As per the chart still not looking so good: Highlights Good news on US manufacturing is now much less scarce following a much better-than-expected 2.7 percent jump … Read more
by WARREN MOSLER Looks like there was a drop in employment growth by firms with under 50 employees: ‘Last hire first fired’ has made this a leading indicator in prior … Read more
For the last year we’ve been reporting on the bizarre saga of Dick’s Sporting Goods’ transformation from a relatively functional purveyor of mainstream sporting goods to a groveling symbol of … Read more
by Michael Snyder When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And how it compares to what happened during the Financial Crisis. The goods-based segment of the economy is heading for rough waters, and it is further … Read more
by Spencer P Morrison, NEE From Why Trump’s Tariffs Won’t Cost You a Penny: The big reason why so many Americans oppose tariffs is because they don’t understand them. They think tariffs … Read more
by WARREN MOSLER Gone negative year over year adjusted for inflation: This series looks to me like it’s flattened and adjusted for inflation remains well below 2008 highs, and … Read more