Spreading the truth. Empowering the people.
via CNBC: Robert Lighthizer has reportedly told friends and associates he is intent on preventing Trump from accepting “empty promises” like temporary increases in soybean purchases. In order to avoid … Read more
by WARREN MOSLER Not good: California Home Sales Slowest For An October In Seven Years (Econintersect) California home sales fell year over year for the third consecutive month, hitting a … Read more
via MSNBC President Obama’s Council of Economic Advisers Chair, Austan Goolsbee, tells Ali Velshi that he thinks President Trump is sending the U.S. towards a recession. He also outlines what … Read more
by sundance In June 2018 President Trump instructed U.S. Trade Representative Robert Lighthizer to initiate a 10% tariff on $200 billion of Chinese goods (Round #1). After two months of China … Read more
Market uncertainty tied to the ongoing U.S.-China trade war has spurred more transactions than ever before between the American dollar the Chinese yuan in recent months. Much of that volume … Read more
by NineteenEighty9 China’s latest report on economic growth fell short of expectations, but for those who monitor traffic on the global water highways, the news was not a surprise. In … Read more
www.reuters.com/sponsored/article/popularity-of-gaming?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29 China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. The … Read more
So far the weakness in $CNY has almost countered a tariff-rate of 10% one to one. If China wants to counter a 25% tariff-rate via FX, USD/CNY needs to go … Read more
by Jim Quinn One of the main reasons our CPI has been so low for so long is because we import cheap computers and electronics from China, among other things. … Read more
by stockboardasset via Mish I ran China’s 14-page, 545 item tariff list through a translator. You can download the translated doc. The New York Times reports U.S. and China Expand Trade War as … Read more
by Thinker The White House announced that it would end a two-month exemption for the EU, Canada and Mexico from the 25% steel and 10% aluminum import tariffs announced in … Read more
via Selwyn Parker In the year 1929, as America slides into recession, a Republican senator, avowed patriot, Mormon “prophet” and businessman named Reed Smoot decides that he wants to do something about saving … Read more
If Xi follows through this is legitimately a major success for Trump. “President Xi Jinping promised Tuesday to cut China’s auto tariffs and improve intellectual property protection in possible … Read more
By Daisy Luther and M.K. Matthews By now, unless you have been living in a Wifi-free deadzone, you’ve heard about the hundreds of billions in tariffs that the United States … Read more
by WARREN MOSLER Still looking very weak: From WardsAuto: U.S. Light-Vehicle Forecast: Sales Down Slightly; Inventory Declines to Match Demand A Wards Intelligence forecast calls for U.S. automakers to deliver 1.60 million … Read more
