Please be open to feedback and constructive criticism from others, and consider their suggestions and advice when making decisions or forming opinions.
- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 0
https://www.msn.com/en-us/money/markets/china-agre...China has agreed to the first major talks with the US since Donald Trump imposed sweeping tariffs and launched a global trade war.
Scott Bessent, the US treasury secretary, and Jamieson Greer, the US trade representative, will meet with their counterparts in Geneva this weekend.Love the framing, but whatever.
No. of Recommendations: 2
Looks like the US blinked first, and called for the trade talks.
No. of Recommendations: 1
Scott Bessen...and Jamieson Greerwill meet with their counterparts in Geneva this weekend.
Court jesters' quarterly meeting.
No. of Recommendations: 2
Looks like the US blinked first, and called for the trade talks.
Ehhh.
We aren't having workers out on the streets.
No. of Recommendations: 1
We aren't having workers out on the streets.
Import tariffs have caused a temporary slowdown in production at some plants, resulting in layoffs. Facts contradict your false claims. Many more layoffs to come....
No. of Recommendations: 13
We aren't having workers out on the streets.
Inflation in Trumps first three months was higher than in the last three of Bidens.
Q1 also saw a drop in GDP (usually takes two quarters of this before a recession call though).
-> The US economy is teetering on the edge right now, and other countries know it.
We will have to wait and see what sort of outcome we get (if any). Regardless we can expect Trump to claim victory.
In general, opening a war on over 200 fronts is not going to end well for the US.
Alan
No. of Recommendations: 3
Inflation in Trumps first three months was higher than in the last three of Bidens.
If you say so. We still don’t have workers in the streets.
Q1 also saw a drop in GDP (usually takes two quarters of this before a recession call though).
Did you bother to look at why? And did you happen to also see the investment number?
The US economy is teetering on the edge right now, and other countries know it
Not according to Jerome Powell. You don’t keep the cost of capital high if you think there’s an imminent economic crash coming.
We will have to wait and see what sort of outcome we get (if any).
Finally - a point where we can agree!
In general, opening a war on over 200 fronts is not going to end well for the US.
The whole thing needs to play out.
No. of Recommendations: 1
In general, opening a war on over 200 fronts is not going to end well for the US.
Nice allegory, but one BIG issue. The problem will NOT be "incoming !!", it will be the "LACK of incoming !!".
Spankee can not force foreign sellers to sell at prices US buyers are willing to pay due to TARIFFS.
Far less consumer stuff coming in means empty shelves all over the country. And THAT will spell the end for him.
No. of Recommendations: 7
You don’t keep the cost of capital high if you think there’s an imminent economic crash coming.
You do when the cause of a crash is NOT interest rates or employment.
The cause of the crash would be TARIFFS--which the Fed does not control.
THAT albatross is firmly tied around Spankee's neck FOREVER.
No. of Recommendations: 3
Not according to Jerome Powell. You don’t keep the cost of capital high if you think there’s an imminent economic crash coming.
The Federal Reserve kept interest rates at the target range of 4.25% to 4.5% at the conclusion of its May meeting. The policy-setting Federal Open Market Committee noted that “the risks of higher unemployment and higher inflation have risen.”
It sounds like you don't disagree with the facts (inflation and gdp), but rather the importance of that data. OTOH, it appears the FOMC is taking them very seriously.
Alan
No. of Recommendations: 3
The Federal Reserve kept interest rates at the target range of 4.25% to 4.5% at the conclusion of its May meeting. The policy-setting Federal Open Market Committee noted that “the risks of higher unemployment and higher inflation have risen.”
Yes. And?
It sounds like you don't disagree with the facts (inflation and gdp), but rather the importance of that data. OTOH, it appears the FOMC is taking them very seriously.
You’re the one who made the claim that the economy is teetering on the edge or something. It’s up to you to prove that.
If the Fed truly believed that we were on the edge they’d be taking different measures.
But since they did…nothing…I don’t think they agree with you.
