[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Utopian Visionaries Who Won’t Leave People Alone

No - no - no Ain'T going To get away with iT

Pete Buttplug's Butt Plugger Trying to Turn Kids into Faggots

Mark Levin: I'm sick and tired of these attacks

Questioning the Big Bang

James Webb Data Contradicts the Big Bang

Pssst! Don't tell the creationists, but scientists don't have a clue how life began

A fine romance: how humans and chimps just couldn't let go

Early humans had sex with chimps

O’Keefe dons bulletproof vest to extract undercover journalist from NGO camp.

Biblical Contradictions (Alleged)

Catholic Church Praising Lucifer

Raising the Knife

One Of The HARDEST Videos I Had To Make..

Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship)

Chinese Illegal Alien. I'm here for the moneuy

Red Tides Plague Gulf Beaches

Tucker Carlson calls out Nikki Haley, Ben Shapiro, and every other person calling for war:

{Are there 7 Deadly Sins?} I’ve heard people refer to the “7 Deadly Sins,” but I haven’t been able to find that sort of list in Scripture.

Abomination of Desolation | THEORY, BIBLE STUDY

Bible Help

Libertysflame Database Updated

Crush EVERYONE with the Alien Gambit!

Vladimir Putin tells Tucker Carlson US should stop arming Ukraine to end war

Putin hints Moscow and Washington in back-channel talks in revealing Tucker Carlson interview

Trump accuses Fulton County DA Fani Willis of lying in court response to Roman's motion

Mandatory anti-white racism at Disney.

Iceland Volcano Erupts For Third Time In 2 Months, State Of Emergency Declared

Tucker Carlson Interview with Vladamir Putin

How will Ar Mageddon / WW III End?

What on EARTH is going on in Acts 16:11? New Discovery!

2023 Hottest in over 120 Million Years

2024 and beyond in prophecy

Questions

This Speech Just Broke the Internet

This AMAZING Math Formula Will Teach You About God!

The GOSPEL of the ALIENS | Fallen Angels | Giants | Anunnaki

The IMAGE of the BEAST Revealed (REV 13) - WARNING: Not for Everyone

WEF Calls for AI to Replace Voters: ‘Why Do We Need Elections?’

The OCCULT Burger king EXPOSED

PANERA BREAD Antichrist message EXPOSED

The OCCULT Cheesecake Factory EXPOSED

Satanist And Witches Encounter The Cross

History and Beliefs of the Waldensians

Rome’s Persecution of the Bible

Evolutionists, You’ve Been Caught Lying About Fossils

Raw Streets of NYC Migrant Crisis that they don't show on Tv

Meet DarkBERT - AI Model Trained On DARK WEB

[NEW!] Jaw-dropping 666 Discovery Utterly Proves the King James Bible is God's Preserved Word

ALERT!!! THE MOST IMPORTANT INFORMATION WILL SOON BE POSTED HERE


Status: Not Logged In; Sign In

LEFT WING LOONS
See other LEFT WING LOONS Articles

Title: The Escalating Trade War Is Bad News for Pretty Much Everyone
Source: Reason
URL Source: https://reason.com/2019/08/06/the-e ... news-for-pretty-much-everyone/
Published: Aug 6, 2019
Author: Eric Boehm
Post Date: 2019-08-07 06:06:38 by Deckard
Keywords: None
Views: 276
Comments: 2

ichphotos552989

(Imagine China/Newscom)
Tensions rose and stocks fell on Monday as the trade war between the U.S. and China escalated to a dangerous new level

There have been three major developments in the past week—all of which have moved the two sides farther apart, marking a clear end to what had been a months-long truce and stoking fears of a recession if two of the world's largest markets can't work out their problems. On Thursday, President Donald Trump announced a new round of tariffs hitting about $300 billion of un-tariffed imports from China. China responded on Sunday by announcing that it would cut off all purchases of agricultural goods from the United States. On Monday evening, the U.S. responded again by officially labeling China a "currency manipulator"—a move that expands the trade war into a new arena

That series of events sent markets (and market-watchers) into red alert. The Dow Jones Industrial Average suffered its sixth-worst single-day points loss on Monday (though the Dow regained about 170 points within the first half hour of trading on Tuesday). The Dow is down 6 percent since July 15—and the market has now fallen below the level it was at when Trump launched his trade war in early 2018

Another ominous indicator for a president who has tied his administration's success to the stock market's performance: The yield on 10-year bonds issued by the U.S. Treasury, a safe harbor for investors fleeing turbulent markets, has now fallen below its level on the day Trump was elected. (Unlike stocks, bond prices fall when they are in greater demand.

Worse could be coming. In an economic analysis, investment bank Goldman Sachs said "we no longer expect a trade deal before the 2020 election" in light of recent developments, starting with Trump's announcement of additional tariffs last week. Former Treasury Secretary Larry Summers said Monday's developments put the U.S. in "the most dangerous financial moment since the 2009 Financial Crisis." And analysts from Morgan Stanley, another investment bank, fretted that a global recession could be less than a year away

While none of the actions taken in the past few days have been immediately damaging to either country—the threatened tariffs won't hit until September, and the "currency manipulator" label is mostly a symbolic thing—the reaction is a good reminder that trade wars are psychological events as much as anything. Investors and markets are clearly rattled at the moment, as hope for a quick resolution of the fight between the world's two biggest economies appears to be fading

"It's never been more clear that tariffs are a failing strategy," says Jonathan Gold, spokesman for Tariffs Hurt The Heartland, a coalition of more than 150 trade associations that oppose the president's trade policies. "Behind today's market turmoil are real Americans who have been used as bargaining chips in this trade war."

"Both sides need to return to the negotiating table immediately," cautions Gold. "Nobody wins in a trade war, and right now, everyone is losing." Farmers, again, could be hit the hardest. China's decision to cut off all agricultural purchases from the United States means the complete loss of a $20 billion export market. There is not enough welfare or bailouts that can make up for that

The immediate loss of China as an export market is bad enough, but there's also little prospect for restoration. As I've written before, one of the main casualties in a trade war is trust—something that is also essential for two economic rivals to reach a trade deal. Now? China "no longer expects goodwill from the United States," tweeted Hu Xijin, editor-in-chief of the Global Times, a Chinese newspaper published by Chinese Communist Party. Does that sound like a government ready to make a deal

It's hard to imagine how any of this is good news for Trump. News coverage this week has focused on a mass shooting where the killer namechecked Trump in his "manifesto" and on a massive drop in the stock market brought on by the president's trade war—a conflict Trump promised would be "good and easy to win" at its outset.

As the trade war escalates to a new level, that claim looks more ridiculous than ever before

"We're learning that maybe China has a higher pain threshold than we thought here," Stephen Moore, Trump's economic advisor during the 2016 election and a close (though unofficial) advisor to the president, told The Washington Post.  "It's kind of a mutually assured destruction game right now."

(1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard (#0)

Left wing propaganda belongs in left wing loons. No problem I moved it for you.

A K A Stone  posted on  2019-08-07   7:06:57 ET  Reply   Trace   Private Reply  


#2. To: A K A Stone (#1)

Left wing propaganda belongs in left wing loons.

Reason is not a left wing site.

But I guess any site that justly criticizes Trump polices is considered left-wing by you.

I'm surprised you didn't delete it like you usually do.

Maybe you've finally got that temper of yours under control

Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.

Deckard  posted on  2019-08-07   7:44:07 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com