In America we don't want to mess with our Christmas shopping;
Posted on 08/14/2019 12:26:42 PM PDT by Enlightened1
We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut....
..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!
(Excerpt) Read more at twitter.com ...
BTTT
Drudge is in full press recession, anti-Trump mode.
Folks, Soros and Buffet and other hedgies and billionaires hate Trump and are taking massive profits today and shaking out weak stock hands...they will then buy it back at their e,sense. There is no recession. It is all MSM.
No unemployment. Low interest rates. Negative bank rates overseas with tons of money seeking safe haven here.
Trump 2020 is what the MSM and swamp is trying to stop.
PDJT didn’t do himself any favors on. Having per his campaign manager’s likely advice.
THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back.
...
The Fed holds back the economy intentionally because of their false claim that economic growth causes inflation.
https://www.cnbc.com/2019/08/14/janet-yellen-say-yield-curve-inversion-may-be-false-recession-signal-this-time.html Markets should place less weight on this yield curve inversion, former Federal Reserve chair Janet Yellen said Wednesday.
Markets should place less weight on this yield curve inversion, former Federal Reserve chair Janet Yellen said Wednesday. https://www.cnbc.com/2019/08/14/janet-yellen-say-yield-curve-inversion-may-be-false-recession-signal-this-time.html
Re: The Fed holds back the economy intentionally because of their false claim that economic growth causes inflation.
I disagree.
The Fed actually has a monetary policy “target” rate of inflation at 2% per year.
It would be nice if someone at the Fed, or Donald Trump, would explain to the public why they think it is a good thing if consumer prices increase 100% every 36 years!
Since the bottom of the Great Recession in 2009, the Fed has increased short term interest rates from 0% to 2.25%
I flat out do not believe that any American business person has decided not to expand, or has decided not to create a new business, based on a 2.25% interest rate increase.
Trump wants to wage a currency war with other large exporting nations like China, Japan, and Germany.
He wants a “weak” U.S. Dollar so our export prices will come down a couple percentage points.
When has a weak U.S. Dollar ever helped the USA economy in modern times?
From memory, exports are less than 20% of the USA economy.
A weak Dollar harms the average USA citizen by making prices for everything else go up.
Chinese imports are about 2.45% of the USA economy (2017)
A weaker dollar makes our exported goods less expensive to other countries, making us more competitive.
You never want to have the strongest currency if you want job growth and rising exports to close the trade gap...
Just to get this clear at the moment there are ZERO tariffs on Chinese goods, correct? So how are we winning?
According to Google, exports were just 12% of the American GDP in 2017.
Re: A weaker dollar makes our exported goods less expensive to other countries, making us more competitive.
Thanks for repeating what I just wrote.
My point...
Exports are 12% of the USA economy.
The other 88% of our economy is harmed by a weak Dollar.
Currency manipulation is NOT the same thing as high productivity or superior products.
The inverted yield curve is the result of money pouring into US Government bonds from abroad. They have no where to invest their money and earn a safe positive return. The influx is driving down the yield to the point it crosses the short term rate.
On the other hand, short term money is not tight. It is available for small busiensses . Lines of credit for credit cards are at 4 and 5% for one year. It’s there for the asking.
Meanwhile, Europe is being flooded with goods from china sold at bargin basement prices to make up for lost American sales. That has caused decrease in production and job problems for euro workers.
Denmark, the king of windpower is losing European sales to chinese wind turbine companies. Denmark cannot compete
In America, there is a budget deficit. guess what? The money to pay if is conming from abroad from investors afraid to put the money anywhere at home.
So, the lying MSM drags out the yield curve canard to hide the good news.
The other 88% is dominated by services and doesn’t see the rest of the world’s currency.
China is a clear and present danger and threat but the border situation and defeating the enemies within are the greatest threat.
In America we don't want to mess with our Christmas shopping;
He’s tight- we’re winning.
Still afew things in China’s favor:
A. China is a large market, and it’s mot so good thanks partly to the ‘trade war’. Sellers around the world suffer.
Currencies enter into this too.
B. Many US and Western companies still have factories in China, they lose (temporarily) on tariffs.
Both these factors are moving in our favor.
Do not waste your clicks on Drudge, he is alive because people do and the Ad Revenue he generates on click through’s keeps him alive along with ads on his site
Click over even once and you are padding his wallet, every time
It would be nice if someone at the Fed, or Donald Trump, would explain to the public why they think it is a good thing if consumer prices increase 100% every 36 years!
...
It’s not. The Fed causes inflation when it pumps money into the economy to recover from a recession. The Fed causes recessions by manipulating interest rates too high. The Fed keeps rates too high to slow down the economy, because of their false claim that economic growth causes inflation.
Economic growth does not cause inflation.
Do not waste your clicks on Drudge, he is alive because people do and the Ad Revenue he generates on click through’s keeps him alive along with ads on his site
Click over even once and you are padding his wallet, every time
...
Liberty Daily is starting to suck...too many ads.
I use ad blocker as well as Privacy Badger. PB tells you all of the links that are associated to visiting that site and each represents them being paid by selling your info.
BTW Jim Robinson and FR come up clean every time!
Yay Jim!!
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