Posted on 08/14/2019 12:26:42 PM PDT by Enlightened1
We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut....
..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!
(Excerpt) Read more at twitter.com ...
China is not going to be the economic pushover that some Freepers think it is. Let’s not forget that China is a dictatorship that controls the press. The party can blame the USA for everything and simply wait until a new President takes office. This doesn’t mean that we shouldn’t impose tariffs for the sake of our independence as a nation — after all, we need a steel industry — but we should level with the public about our need to do this and not talk like this struggle is going to be cost free for the USA.
“In America we don’t want to mess with our Christmas shopping;”
I only heard that from one person, in a very public statement.
Methinks your being a bit presumptuous by using ‘we’.
Actually, one third of our exports are services, almost $1 trillion per year.
Also, we import about $3.1 trillion per year, which would instantly cost more if we weakened the Dollar.
Also, when the Dollar is weak, USA domestic inflation will increase.
It does if you are flooding the market place with deficit spending and zero percent interest rates.
It does if you are flooding the market place with deficit spending and zero percent interest rates.
...
That’s not economic growth.
Economic growth does not cause inflation.
What would happen to our economic growth if the artificial stimulants of deficit spending and record low interest rates suddenly stopped?
Poof!
Growth would disappear.
Interest rates should be determined by the market.
A growing economy requires growth in the money supply for obvious reasons. Should interest rates be manipulated higher than what the market would charge, they will slow down economic growth.
Re: Interest rates should be determined by the market.
I agree.
Re: Should interest rates be manipulated higher than what the market would charge, they will slow down economic growth.
I agree.
But - if they are manipulated lower than their market value, they will cause inflation.
The Federal Funds Rate has averaged about 2.2% for the last 12 months.
The inflation rate for the last 12 months was 1.7%.
The July inflation rate showed we are moving toward a 2.1% rate.
The July inflation rate showed we are moving toward a 2.1% rate.
...
That could be because of the damage that the Federal Reserve is doing to productivity.
How did Venezuela get so much inflation?
Was that one person Donald Trump?
Trump Delayed Tariffs for Christmas Shopping
President Trump said that he was delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping, CNBC reports.
Said Trump: “We’re doing this for the Christmas season. Just in case some of the tariffs would have an impact on U.S. customers.”
He added: “But so far they’ve had virtually none. But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.”
https://politicalwire.com/2019/08/13/trump-delayed-tariffs-for-christmas-shopping/
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