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May Factory Orders Drop More Than Expected
CNBC ^ | 07/02/2010 | Reuters

Posted on 07/02/2010 7:20:17 AM PDT by Rational Thought

New orders for U.S. factory products tumbled much more than expected in May, posting their sharpest drop since the depth of the recession and their first decline in nine months, a government report showed Friday

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Front Page News
KEYWORDS: economy; obamadepression; obamarecession; surprise; unanticipated; unexpected; unexpectedly
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To: NVDave

Well, duh . . . we don’t have a free trade agreement with China. The problem with the “advocates” (I’m being polite) out there is that they ascribe “free trade” to every problem.


41 posted on 07/02/2010 6:22:39 PM PDT by 1rudeboy
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To: RegulatorCountry

Speaking of Wal-Mart, I was shopping for a beer cooler for the weekend. Wal-Mart has them, and they are made in the U.S.A.


42 posted on 07/02/2010 6:28:13 PM PDT by 1rudeboy
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To: 1rudeboy

They’ve been branded “Walmart” since 2008, 1rudeboy.

Good for you, scouring out the domestic merchandise in a veritable sea of Chinese plastic.

I’m shocked. In a good way, of course, but ... shocked.


43 posted on 07/02/2010 6:42:37 PM PDT by RegulatorCountry
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To: RegulatorCountry
What has been branded, "Wal-Mart?" And if you are too lazy to shop American, then why are you complaining?
44 posted on 07/02/2010 6:45:45 PM PDT by 1rudeboy
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To: 1rudeboy
What are we discussing, rudester? We're rather evidently discussing Walmart. Or, at least that's evident to me. For you, perhaps not.

It's not perceived as being a destination to shop for merchandise made in America, and for good reason.

So, when did you turn into such a nativist xenophobe, deliberately snubbing quality plastic merchandise from our fine, fine friends in China, lol?

45 posted on 07/02/2010 6:53:29 PM PDT by RegulatorCountry
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To: 1rudeboy

We’ve been down this road before. China has been admitted to the WTO as of the Clinton administration. We can’t raise tariffs on China as a result, and most regulatory barriers would should erect they could appeal to the WTO.

When a country is a member of the WTO, we lose most of our own power over trade policy as a result.

Free trade agreements are merely icing on the cake above and beyond the WTO.

The single smartest thing we could do is withdraw from the WTO and negotiate trade agreements on a bi-lateral basis with individual countries. If we have a good faith partner, then sure, let’s drop all trade barriers. China is not one of those trade partners. By using only bi-lateral and not multi-lateral trade agreements, problems like China’s yuan peg could be dealt with effectively.

As it is, most of the idiotic commentary I’ve seen in the last week on China’s “decision” to “unpeg” the yuan is wishful thinking. The Chinese, with their “surprise” announcement look like they’re “listening” to Geithner, when in fact, their actual currency moves will be rather limited. The Chinese worker is demanding wage increased, which are easily accomplished with inflation or devaluation of the yuan and not with an appreciating yuan.


46 posted on 07/02/2010 7:13:48 PM PDT by NVDave
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To: Cringing Negativism Network
Where’s my pie?

Yo Momma done ate it.

47 posted on 07/02/2010 7:15:51 PM PDT by stboz
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To: NVDave

You’re right. The U.S. raising tariffs on Chinese tires was just a mirage. It never hapened.


48 posted on 07/02/2010 7:17:40 PM PDT by 1rudeboy
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To: RegulatorCountry

Sorry, I thought you were saying that the U.S.-made coolers I saw at Wal-Mart yesterday were rebranded, somehow. I thought you didn’t know what the hell you are talking about it, and your response proves it.


49 posted on 07/02/2010 7:20:31 PM PDT by 1rudeboy
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To: 1rudeboy
So, you didn't know what the "hell" I was talking about then, but you now want to say I don't know what the "hell" I'm talking about now?

So, Walmart™ is now a destination for shoppers seeking merchandise made in America, lol?

I think I'm finding myself entertained by this newly nativist version of 1rudeboy! Quelle surprise!

What is the brand name of your American beer cooler that you bought at Walmart, by the way? You do know what a brand name is, don't you? You know, like Walmart?

50 posted on 07/02/2010 7:32:14 PM PDT by RegulatorCountry
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To: RegulatorCountry

I haven’t bought a cooler yet, the ones I saw at Wal-Mart were made by Thermos, and Coleman. Are you still gonna’ stick to your “they are rebranded” BS?


51 posted on 07/02/2010 7:34:16 PM PDT by 1rudeboy
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To: RegulatorCountry
So, Walmart™ is now a destination for shoppers seeking merchandise made in America, lol?

WalMart doesn't carry American made stuff? You have any real numbers or is this just a feeling you have?

52 posted on 07/02/2010 7:42:06 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

It’s friggin’ BS. I’m being told that I didn’t see what I saw with my own eyes.


53 posted on 07/02/2010 7:45:02 PM PDT by 1rudeboy
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To: Toddsterpatriot

Oh, joy. It’s the b-side of the Ambiguously Fey Duo.


54 posted on 07/02/2010 7:45:20 PM PDT by RegulatorCountry
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To: 1rudeboy

Lame attempt at CYA. Really lame. Maybe you were thinking of Walmart stores outside the US, some of which still use variants of Wal-Mart.


55 posted on 07/02/2010 7:48:15 PM PDT by RegulatorCountry
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To: RegulatorCountry
C-o-l-e-m-a-n, and T-h-e-r-m-o-s. Available at Wal-Mart (in the NW suburbs of Chicago). Made in the U.S.A. Buy yours today!

(Or post on the internet that you cannot read).

56 posted on 07/02/2010 7:51:10 PM PDT by 1rudeboy
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To: RegulatorCountry
Hey, listen . . . if you feel outnumbered (wimp), why don't you ping some of your buddies and have them explain what I saw at Wal-Mart yesterday?
57 posted on 07/02/2010 7:53:12 PM PDT by 1rudeboy
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To: RegulatorCountry

Hey, it’s Morris Albert.


58 posted on 07/02/2010 7:53:56 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Who’s Morris Albert?


59 posted on 07/02/2010 7:56:56 PM PDT by 1rudeboy
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To: 1rudeboy
Hey, listen . . . if you feel outnumbered (wimp)

Good grief, rudester done blowed his brains out with one of them fuzzuvelvas, lol.

60 posted on 07/02/2010 7:58:08 PM PDT by RegulatorCountry
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