When the Federal Reserve cut interest rates on July 31st for the first time in more than a decade, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4%, and GDP growth was above 3%. If anything, by the Fed’s own reasoning, it should have been raising rates. The […]
Don't Be So Sure by Chip ProserIn the August IBD/TIPP poll of registered voters, which closed before the Trump supporter massacred 22 people in an El Paso Walmart and before China signaled they had stopped buying America agricultural products-- a signal that there is likely to be a depression in the farm belt
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the economic and political divorce unfolding between the U.S. and China.
President Trump announced last week that the U.S. would add 10% tariffs on $300 billion of Chinese goods starting Sept. 1. When that tariff takes affect, the U.S. will have imposed elevated tariffs on all goods it buys from China.
Yesterday, the Dow was flying-- celebrating the interest rate reduction-- and reached 27,188 before Trump announced another round of tariffs against China. Markets immediately plummeted, the Dow crashing nearly 300 points to 26,700. World markets continued trending downwards today, the Dow off 90 points as we prepared to publish and the NASDAQ down 110.
Southeast Asian nation has dramatically whipsawed between US-China trade war winner to potential next big tariffed loser
David HUTT
The popular consensus is that Vietnam has been one of the world’s biggest US-China trade war winners, as global supply chains shift production away from tariff-hit China and towards the low-cost Southeast Asian nation.
The Trump administration last week cut its fourth and biggest arms sale to Taiwan, sparking a furious condemnation from Beijing that the US was undermining its sovereignty and “grossly interfering in China’s internal affairs”.
The weapons deal reportedly worth some $2.2 billion is expected to be given final approval by Congress in the next few weeks. It follows three other major arms sales since 2017 to Taiwan conducted by the Trump administration.
Submitted by Steve Brown…
Florida Senator Marco Rubio posted a typical whining comment on June 28th, “The Administration stopped issuing sanctions waivers for Iranian oil exports in May, yet China just received massive oil cargo from Iran. The tanker Saline, capable of carrying 1 million barrels, docked in Jianzhou bay on June 20.”
I can't say I watched the whole Chris Matthews town hall in Montgomery County, Ohio (Dayton), a county that swung from 145,997 (52.5%) for Obama and 128,679 (46.3) for McCain in 2008 and 137,139 (51.5%) for Obama and 124,841 (46.88%) for Romney in 2012 to 123,909 (47.97%) for Trump and 122,016 (47.24) for Hillary in 2016. MSNBC must have spent a lot of time finding people who fully embraced so much shocking ignorance.
