via Christian Wienberg The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according to the chief executive officer of A.P. Moller-Maersk A/S. Soren Skou, who runs the world’s biggest shipping …
JCPenney is in trouble, they are at a risk of a default. Walmart says they are improving and sales are up, but operating expenses are down, store closures are up and people are looking for the cheapest options. Philly Fed …
https://twitter.com/StockBoardAsset/status/1027142034635800577
by Warren Platts, NEE Adam Smith, author of An Inquiry into the Nature and Causes of the Wealth of Nations, considered the arguments made by today’s proponents of unilateral free trade and responded to them in print – more than 240 years …
via DANIELLE PARK While stock bulls talk up a “strengthening” economy, consumer spending growth (which drives 70% of GDP in America) has fallen to a 4 ¼-year low even before rising trade tariffs are noted in backward-looking data. Wall Street is …
https://www.youtube.com/watch?v=PxTOwGpzpQE The United States filed claims with the World Trade Organization against Canada, Mexico, China, the European Union and Turkey. The lawsuits are meant to challenge retaliatory tariffs against the country. President Trump has repeatedly threatened to remove the US …
by Stucky, TBP I was going to make this a QOTD Part 2: Tariffs. In the original QOTD on tariffs I pretended that I knew absolutely nothing at all about such things and could you please help me out cuz, …
Wolf Richter with Jim Goddard on This Week in Money: A wide-ranging interview on the auto industry, plus how mortgage rates impact housing markets in the US and Canada, and how the brick-and-mortar meltdown is hitting the mall segment of commercial …
by Martin Armstrong The causes of the Great Depression have been debated for decades. The problem with all of the analysis is this same attempt to reduce the cause to a single event. In school, we read the Great Crash by …
Germany’s chancellor said Thursday she’s willing to back lower tariffs on U.S. auto imports as a potential European Union (EU) concession to the Trump administration – just one day after CEOs of Germany’s biggest carmakers reportedly voiced support for eliminating such tariffs …
via Mises Institute: Let’s say that you live below sea level, in an area prone to flooding. In fact, every time it rains heavily for more than an hour or so, built-in drainage systems get overwhelmed and and water starts …
Brexit Bill becomes law, the UK is now preparing to leave the EU. Consumer confidence takes a dive. An end of an era, Toys R Us will be closing its last store. Housing prices are now starting to deflate, we …
by Thinker While trading desks are scrambling to goalseek the Fed’s clearly hawkish statement into a dovish speech by Powell, in order to keep the Koolaid flowing at least a bit longer and stem today’s bloodletting, one potential catalyst that …
by Spencer P Morrison, NEE the wisdom of irony The Democratic People’s Republic of Korea (North Korea) is not democratic—it’s barely even a republic. The same goes for the Democratic Republic of the Congo, and the Lao People’s Democratic Republic (Laos). In fact, if a country includes democratic in …
The EU has either completely banned or heavily restricted most of our meat exports. They claim it’s for health reasons, strangely we’ve never accidentally and repeatedly served people horse instead of beef. “””free trade””” https://www.fsis.usda.gov/wps/portal/fsis/topics/international-affairs/exporting-products/export-library-requirements-by-country/european-union While I HATE to use the …
RT America, Released on 6/7/18 RT discusses US tariffs & upcoming G7 summit with former US congressman Ron Paul.
By Lance Gaitan You usually find me sifting through important economic data and analyzing how it’ll affect the Treasury market. That’s my wheelhouse. We’ll get to that stuff soon, after we talk about the forces (political and otherwise) that moved …
$119,050,900,000: Merchandise Trade Deficit With China Hit Record Through April (CNSNews.com) – The U.S. merchandise trade deficit with China set a record through April, hitting $119,050,900,000 for the first four months of 2018, according to data released today by the Census …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Who totally dominates it? Steel tariffs are now in place, and the world is grumbling and threatening retaliation against the US. Its closest partners, such as Canada, are trying to figure out how to navigate the …
The Trump administration is applying aggressive trade tariffs against friend and seeming foe alike in these days of heightened yet manufactured global economic “events, dear boy, events”, to quote former British Prime Minister Harold Macmillan. China’s getting the brunt of …
https://www.youtube.com/watch?v=tlVvUB5V4-o Roger Stone joins Alex Jones live in studio to give his expert analysis as to President Trump’s tactics and strategy when he sanctioned China with tariffs over their economic aggression.
By Rodney Johnson “Always tell the truth.” In addition to being number eight on the Top 10 list of things we should always do, being truthful is just a great way to avoid trouble in life. You never have to …
by Larry Kummer Summary: Trump’s tariffs threatens a trade war that might destroy the global trading regime that has helped the world become so prosperous. His opponents cite the famous conclusions of David Ricardo about free trade – while forgetting …
China announced additional tariffs on 106 U.S. products, in a move likely to heighten global concerns of a tit-for-tat trade war between the world’s biggest economies. The new charges are targeted at U.S. products including soybeans, cars and whisky. The …
Despite avoiding an imminent trade war with the U.S. over steel and aluminum tariffs, Canada should not be breathing easier, this according to Shark Tank star Kevin O’Leary. “I don’t think the long-term outcome of the negotiations is going to …
https://www.youtube.com/watch?v=Qno62-iUHT0 President Trump is reportedly planning to unveil by Friday, a package of $60 billion in annual tariffs against China…. https://www.zerohedge.com/news/2018-03-19/trump-set-unveil-60bn-china-tariffs-friday
by Ron Paul via the Ron Paul Institute Tariffs Are Not The Answer President Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous …
by Spencer P Morrison, NEE Domain Specificity, or How Isaac Newton Lost a Fortune Isaac Newton was a genius—perhaps the most intelligent man to ever walk this earth. It was he who uncovered the laws of motion, he who unravelled light’s mysteries, and …
By Harry Dent President Trump has promised this from the beginning. We’ve had bad trade deals with other countries for decades now. But is slapping on tariffs the way to fix this situation? In today’s video, I answer that question, …
by Martin Armstrong The drop in the market yesterday was widely attributed to Gary Cohn resigning from the Trump Administration over his tariff policy. That must be a real shock because Gary Cohn has resigned as White House chief economic …