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Old Today, 07:09 AM
 
2,931 posts, read 1,028,119 times
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https://www.reuters.com/article/us-u...-idUSKCN1UL1KP
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Old Today, 07:23 AM
 
Location: Florida
63,246 posts, read 34,458,236 times
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That missed the goal big time.

Also: US manufacturing is in a 'technical recession.'

If you are looking for signs of trouble in the U.S. economy, many experts (and politicians) point to manufacturing. The industry is facing the double whammy of President Trump’s trade war and declining purchases from abroad as Europe, China and other countries are slowing down.

https://www.msn.com/en-us/money/mark...-be/ar-AAEQSZF


Why are purchases down abroad? Because of the trade wars.


Update shows U.S. economy expanded 2.5% last year

Headlines: U.S. Growth Slows to 2.1% as Trade War Weighs on Businesses
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Old Today, 07:35 AM
 
2,931 posts, read 1,028,119 times
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Quote:
Originally Posted by Finn_Jarber View Post
That missed the goal big time.

Also: US manufacturing is in a 'technical recession.'

If you are looking for signs of trouble in the U.S. economy, many experts (and politicians) point to manufacturing. The industry is facing the double whammy of President Trumpís trade war and declining purchases from abroad as Europe, China and other countries are slowing down.

https://www.msn.com/en-us/money/mark...-be/ar-AAEQSZF


Why are purchases down abroad? Because of the trade wars.


Update shows U.S. economy expanded 2.5% last year

Headlines: U.S. Growth Slows to 2.1% as Trade War Weighs on Businesses
There are certainly signs that economy is slowing down.

Doesnít look like the Tax Cuts fueled the economy as promised.

The economic growth is basically same as the end of Obamaís term.
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Old Today, 07:56 AM
 
788 posts, read 492,024 times
Reputation: 752
You can't post this.. Its fake news.. Its the best economy EVERRRRR

And the economy gains from 2013-16 were all fake news and the real unemployment rate then was something like 55% remember?

This administration is the biggest insult and joke to anyone with a functioning brain and IQ over 75...
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Old Today, 08:22 AM
 
Location: West Coast of Europe
21,583 posts, read 19,375,936 times
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I heard the economies of Asian countries like South Korea, Singapore, etc. are in trouble because of the trade wars, but oddly China is still doing well. While some low-tech companies have moved production out of China to other countries, high-tech companies continue to invest in China.

I am not an economic expert, but several economists have warned from the very start that Trump's economic theories and hopes could, after an initial boost, end in one big mess in the long run.

Even the Huawei boycott seems to have the opposite effect in the long run:

https://asia.nikkei.com/Spotlight/Hu...despite-US-ban
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Old Today, 08:40 AM
 
16,855 posts, read 9,151,539 times
Reputation: 6836
Quote:
Originally Posted by Finn_Jarber View Post
That missed the goal big time.

Also: US manufacturing is in a 'technical recession.'

If you are looking for signs of trouble in the U.S. economy, many experts (and politicians) point to manufacturing. The industry is facing the double whammy of President Trumpís trade war and declining purchases from abroad as Europe, China and other countries are slowing down.

https://www.msn.com/en-us/money/mark...-be/ar-AAEQSZF


Why are purchases down abroad? Because of the trade wars.


Update shows U.S. economy expanded 2.5% last year

Headlines: U.S. Growth Slows to 2.1% as Trade War Weighs on Businesses
And the Eurozone, Japan. Germany, etc have worse numbers.

If they go into recession, we likely do too.
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Old Today, 08:43 AM
 
Location: The middle of nowhere
9,144 posts, read 4,169,393 times
Reputation: 7763
This is all directly on Trump. The economy would be doing much better, likely with no signs of recession, if Trump wouldn't have started his idiotic trade war. Even better if he wouldn't have given that massive handout to the top 1%. Now, we all are going to have to suffer.
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Old Today, 08:59 AM
 
16,855 posts, read 9,151,539 times
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Quote:
Originally Posted by bawac34618 View Post
This is all directly on Trump. The economy would be doing much better, likely with no signs of recession, if Trump wouldn't have started his idiotic trade war. Even better if he wouldn't have given that massive handout to the top 1%. Now, we all are going to have to suffer.
100% on Trump? Let's slow down the hyperbolic partisan nonsense. Sure, give him some blame, but there were economic problems on Obama's last day in office globally and nationally of which he isn't 100% responsible for.

We've delayed a downturn with Fed cocaine QE and low rates.

Europe has had crappy numbers for quite a long time before Trump got sworn in.
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Old Today, 09:10 AM
 
2,422 posts, read 896,788 times
Reputation: 1681
The trade war's short term losses will turn into long term gains. China will buckle, but it will take more time. I'm thinking 2 more years...just a WAG on my part. Who made all these horrendous trade deals to begin with? Those are the politicians we should all be blaming, not Trump who is trying to fix them to bring manufacturing back.
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Old Today, 09:18 AM
 
16,855 posts, read 9,151,539 times
Reputation: 6836
Quote:
Originally Posted by beach43ofus View Post
The trade war's short term losses will turn into long term gains. China will buckle, but it will take more time. I'm thinking 2 more years...just a WAG on my part. Who made all these horrendous trade deals to begin with? Those are the politicians we should all be blaming, not Trump who is trying to fix them to bring manufacturing back.
Famed economist Mohamed El-Erian, who is critical of Trump says Trump is spot on about China and standing up to them. However, he could be going about it better.
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