Spreading the truth. Empowering the people.
By Tsvetana Paraskova The United States is working closely with China to have it cut off altogether imports of Iranian crude oil, as the U.S. steps up sanctions pressure on … Read more
by WARREN MOSLER Both imports and exports falling as per the global trade collapse. Falling imports are also an indication of consumer weakness: New orders heading south with tariffs: Familiar … Read more
from Zero Hedge One year after China did not import even one ounce of US soybeans as the trade feud was escalating at the end of 2018, in November 2019, China … Read more
By Julianne Geiger India’s Reliance is set to resume oil imports from sanctioned Venezuela, according to a Reliance representative that spoke to Reuters on Wednesday. India had stopped its imports of Venezuelan oil months … Read more
US To Impose Tariffs On $7.5 Billion In EU Imports Starting Oct 18 In the aftermath of today’s surprising WTO decision, in which the global trade mediator sided with the US … Read more
via amgreatness: J.P. Morgan estimates that President Trump’s tariffs will cost American families up to $1,000 next year. We have heard this before and we’ll hear it again. But the fact is that … Read more
Growing food around a nuclear meltdown is a act of terrorism and genocide . At some point every single human on earth will have to acknowledge that despite the fact … Read more
Chinese imports of American goods plunged in July as a tariff war with Washington intensified. Imports of U.S. goods fell 19% from a year earlier to $10.9 billion, customs data … Read more
China is planning to wait it out until after the 2020 election.
U.S. stock market futures were sliding on Monday morning after China’s central bank set the yuan’s daily reference rate below 7 per dollar for the first time in over a … Read more
by WARREN MOSLER Deceleration continues- see chart: Highlights How far along the rate-cut path will the Fed go? Maybe a bit further given a middling employment report where an important … Read more
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
According to data from the United States International Trade Commission, cited by the Financial Times, U.S. imports of mobile phones from Vietnam more than doubled in the first four months of … Read more
by Shaun Richards Today gives an opportunity to head east and look at what is sometimes considered to be the engine room of the world economy looking forwards. We can … Read more
via @TaviCosta: One of the many cracks in a debt-loaded economy near implosion. Alligator jaws always snap shut.
From last night's #SteveSays: "The snooty establishment call Trump the ignoramus. He was right about China. The entire establishment got it wrong. Now as president, Donald Trump is delivering exactly … Read more