Posted on 10/15/2015 9:19:51 AM PDT by Lorianne
Major gateways say more ocean containers are shipping out empty, a sign of weak demand in troubled global markets and the tough sell American exporters face abroad ___ One of the fastest-growing U.S. exports right now is air.
Shipments of empty containers out of the U.S. are surging this year, highlighting the impact the economic slowdown in China is having on U.S. exporters. The U.S. imports more from China than it sends back, but certain American industries—including those that supply scrap metal and wastepaper—feed China’s industrial production.
Those exporters have suffered this year as China’s economy has cooled. In September, the Port of Long Beach, Calif., part of the country’s busiest ocean-shipping gateway, handled 197,076 outbound empty boxes. They accounted for nearly a third of all containers that moved through the port last month. September was the eighth straight month in which empty containers leaving Long Beach outnumbered those loaded with exports.
(Excerpt) Read more at wsj.com ...
Ya’ gotta jus’ luv Obama’s world view of economics. Marxism and poverty for all, no exceptions except maybe he and the Clintons.
This is the strong dollar. Buying goods from us is more expensive.
Years ago we sent our garbage, toxic waste, and recyclables in the cargo containers because it was less costly to dump it in China and asia in general than to process it here.
Is that necessarily a problem? Once the goods are here, consumers buy these goods from domestic sources and either consume them or use them to make other goods that are turned around and sold. The money used to buy these goods domestically is used in turn to build and grow business. This so-called “trade imbalance” is another Leftist device to scare you into thinking you need government interested to fix it. Right?
But wait. What if government is THE PROBLEM? How can the SOLUTION also be THE PROBLEM?
What caused our manufacturing and other business to move out of the country in the first place? Lower costs of doing business elsewhere. Contrary to what the Left and ignorant folks tell you, businesses are not moved by politics - they are moved by LOWER COSTS and HIGHER PROFITS.
So what is the root cause? FEDERAL GOVERNMENT interference in the free market. THE FEDERAL GOVERNMENT has caused business to move elsewhere and has stagnated our economy. Get the feds out of the economy by lowering taxes to a flat 10%-15% across the board (turn the IRS into a storefront) and abolishing:
1) the so-called business tax which is actually a hidden individual tax. There’s no “business tax”, only forced higher costs on business that is passed on to the consumer in higher prices.
2) the minimum wage, forcing higher costs and prices and raising unemployment especially at the entry level. A disaster.
3) costly, useless, dead-end government regulations on business.
4) government protection of unions which kill cost cutting, competition, and innovation, the lifeblood of a healthy and thriving free market economy.
http://farmfutures.com/story-usda-export-sale-daily-report-17-120711
Spent the morning with a Russian crew loading beans in containers for export. Got an earful.
An interest rate hike will make it stronger. Not good for US exporters if the Fed raises it anyway.
I think Trump will refer to this situation and like illegal immigration, he will be the one who as been trumpeted this early and often.
“We have to bring back our jobs back from China. As an example, we have to bring manufacturing back. You look at Japan with the boats that come in pouring in with cars—you know what we send Japan? We send them beef. We send them wheat, we send them corn…”
And now he can say we are exporting air.
Just watch the BDI if you want to know how bad things are.
Ultimately, EVERY SINGLE ONE of this nation’s “problems” is a result of an economic shift from being a producer based culture to being consumer based culture.
Free Trade Deals are good for us WHY again, exactly?
You’re focused on symptoms. You need to focus on the root cause: interference of the federal government in the free market which gums up productivity and prices and slows down economic growth.
No, I am talking root cause. True, government meddling is why an American apparently can not make a living wage making the same plastic dog turd novelty toys right here that the Chinese export to us by the containership. But still, it goes to the point that (at least “47%” of) people do not wish to work and be productive when they are entitled to sit on their ass and spend other people’s money. If we had a culture of manual labor smashing big rocks into quarry process, people would appreciate the value of producing a product. It’s like healthscare costs, who cares when someone else is paying for it?
So, again, the root cause of our economic as well as social ills is really twofold with the deepest root being a personal, spiritual issue:
1) spiritual issue: leaving faith in God to rather put trust and confidence in man
2) economic and political issue: the resulting rise of the mostly unconstitutional $4 trillion federal government beast which in turn has created massive symptoms everywhere we turn.
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