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Take a look at India's exports. It's not just Long Beach.
Idgra about India, I was speaking directly to your yoy figure for long beach, the strikes have certainly impacted the volume figures there as cargo has been rerouted to other ports and some customers elected to air freight things due to the back ups all long with west cost
Idgra about India, I was speaking directly to your yoy figure for long beach, the strikes have certainly impacted the volume figures there as cargo has been rerouted to other ports and some customers elected to air freight things due to the back ups all long with west cost
And I pointed out Oakland which is down but not as much.
Then again, Oakland isn't as busy as Long Beach.
Foreign owned debt is more closely related to the USA importing stuff. We pay for all that stuff with non-interest bearing USD, and those foreign suppliers decide if they want to exchange those USD for interest bearing Treasuries.
I agree with your general slowdown. Especially China.
It's clear you either are purposely ignoring the point I was making or you simply don't understand that the west coast has had some bigger issues this year than slowing economies. Your port issues pushed volume elsewhere, it's that simple. Your decline yoy has that issue in the number in addition to any slowdown in world wide economic activity
Does not bode well for us because we depend on foreign countries "loaning" us money by buying Treasuries.
From the OP article countries have sold more than they bought for the last 10 months.
Add to that Walmart's big statement today. Walmart is the canary in the coal mine here.
The "Walmart mentality" of business models needs to crash and burn if we ever want to see a better business AND federal government entitlements model:
No more full time employees on gov bennies
No more importing plastic crap from China that leads to over consumption and global warming
No more showing new hires propaganda videos about how organizing for the employees in unions is "wrong" and "not allowed."
No more corporate welfare AND corporate EMPLOYEES' welfare. You will never see someone in a union on federal government assistance.
Make corporations responsible for their own people.
For the last 10 months countries have been selling vs buying US debt.
Exports are down big time.
Actually, exports were down by 3.3% in 2015-II over 2014-II. Imports were down by 3.0% over the same period. What beyond China's having it the wall and Europe's having shot itself in the foot with austerity does anyone see lurking there? Is it all just OPEC beating up on Putin these days?
Quote:
Originally Posted by HappyTexan
The world's consumption is slowing down. That is why Europe keeps telling the Fed not to raise rates.
The Fed decides whether to raise, lower, or leave interest rate targets alone. It does not take votes from other national or regional economic blocs.
Actually, exports were down by 3.3% in 2015-II over 2014-II. Imports were down by 3.0% over the same period. What beyond China's having it the wall and Europe's having shot itself in the foot with austerity does anyone see lurking there? Is it all just OPEC beating up on Putin these days?
The Fed decides whether to raise, lower, or leave interest rate targets alone. It does not take votes from other national or regional economic blocs.
It took their concerns into consideration the last "no rate hike" hike meeting.
Yellen mentioned "weaker global conditions" which is Europe.
Interesting tidbit..the Fed has not raised rates since 2006.
We're coming up on 10 years of no rate hike.
Actually it does make our debt bad, if those that we need to buy it are instead selling it then we are in for a world of hurt......you knew this was coming once our Fed started spending trillions buying our own bonds.....didn't make sense then, most definately doesn't make any sense now.
This is the reason why they can't raise the interest rates.....this you can take to the bank....you will know when we finally have a good stable economy when you can put your money into the bank and get a decent return on it.....not going to happen for probably another 10-20 years if ever.
Hint: There needs to be a buyer for there to be a seller.
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