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Thread: You cannot ignore economic reality.

  1. #91

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    Quote Originally Posted by Silver and Gold View Post
    Mass Layoffs Are Back. Are You At Risk?


    It Has Already Begun
    Remember the mass layoffs of 2008 and 2009? When thousands of people instantly lost their jobs as companies started jettisoning workers?

    Well, they’re back.

    In 2019 so far, we’ve seen reductions-in-force reported across a number of industries from the likes of HSBC (4,750 jobs), Nissan (12,500 jobs) and Deutsche Bank (18,000 jobs). Other well-known brands letting employees go include Siemens, Uber, US Steel, Kellogg’s, Ford, Disney, and United Airlines.

    At this stage, it’s not (yet) like the carnage seen during the Great Recession. Remember how god-awful scary this was, as hundreds of thousands of people were laid off every month for two years?


    https://www.peakprosperity.com/mass-...e-you-at-risk/
    I Remember president Obunga saying the shadow of crisis had passed... (years later)
    Then our little Restaurant went Bankrupt..
    x3

  2. #92

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    Quote Originally Posted by Silver and Gold View Post
    This doesn't look to me like 2 countries that are trying to make a deal......LOL




    Trumpís 15% tariffs on $112 billion in Chinese goods take effect
    https://www.cnbc.com/2019/09/01/trum...ke-effect.html



    China starts to impose additional tariffs on some US goods
    https://www.cnbc.com/2019/09/01/chin...-us-goods.html



    Again doesn't seem like someone trying to make a deal.

    Seems like a threat to me............. Trump pressures China to make deal soon, or itíll get tougher if he wins in 2020

    https://www.cnbc.com/2019/09/03/trum...ith-china.html

  3. #93
    Join Date
    Jun 2008
    Posts
    3,152

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    Quote Originally Posted by Silver and Gold View Post
    Again doesn't seem like someone trying to make a deal.

    Seems like a threat to me............. Trump pressures China to make deal soon, or it’ll get tougher if he wins in 2020

    https://www.cnbc.com/2019/09/03/trum...ith-china.html
    My guess is that Trump and or his advisers are just gaming the pending election. They want to maximize the interest rate cuts from the Fed in the next 4 months or so. That will have a positive effect on stocks, immediately, and the real economy in mid to late 2020. Then he makes a deal with China in early 2020. It will be too late for the fed to back pedal rates, as their effect will not be felt until early 2021, if they do increase them. The relief over a trade deal will cancel out any negative rate increases effect in mid 2020 ( if happens) and the real economy will get double positive of the rate decreases from last half of 2019 as well as end of trade war.

  4. #94

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    Quote Originally Posted by brutus2 View Post
    My guess is that Trump and or his advisers are just gaming the pending election. They want to maximize the interest rate cuts from the Fed in the next 4 months or so. That will have a positive effect on stocks, immediately, and the real economy in mid to late 2020. Then he makes a deal with China in early 2020. It will be too late for the fed to back pedal rates, as their effect will not be felt until early 2021, if they do increase them. The relief over a trade deal will cancel out any negative rate increases effect in mid 2020 ( if happens) and the real economy will get double positive of the rate decreases from last half of 2019 as well as end of trade war.
    I keep saying the trade war is not driving metals ....Its the zero to negative returns and it will get worse as they keep moving lower......No place to be but metals....Lower rates will not help world economies. Fiat is dying...Panic will set in soon...

  5. #95

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    Quote Originally Posted by Silver and Gold View Post
    Panic will set in soon...
    only if Trump's tweeting stops...
    x3

  6. #96

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    Thinks he can Bully countries like the brooklyn contractors he bullied ( Price wise) when constructing new buildings in N.Y. China is a different animal Trump




    Trump was so angry after China’s trade retaliation that he wanted to double tariffs


    President Trump wanted to double tariff rates on Chinese goods last month after Beijing’s latest retaliation in the trade war before settling on a smaller increase, three sources tell CNBC.
    Trump was outraged after he learned Aug. 23 that China had formalized plans to slap duties on $75 billion in U.S. products in response to new tariffs from Washington on Sept. 1.
    Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer then enlisted multiple CEOs to call Trump and warn him about the impact such a move would have on the stock market and the economy.


    https://www.cnbc.com/2019/09/03/trum...taliation.html

  7. #97

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    Quote Originally Posted by Silver and Gold View Post
    Warning sign less freight is moving across america.







    Second trucking company announces shutdown in 24 hours

    A Georgia-based trucking company has announced that they are closing down permanently ó and the news comes within hours of another major trucking company closure.

    Ellenwood, Georgia-based trucking company Ready Trucking will be closed for good as of Friday, August 30, according to an employee CDLLife spoke with on the phone

    So far, 2019 has seen multiple trucking companies ó both large and small ó close, including Falcon Transport, LME, and NEMF.





    On Tuesday, August 27, news of the closure of Denver, Colorado-based trucking company HVH Transportation emerged. As HVH employed more than 300 drivers, the abrupt company closure left many in the trucking community surprised and concerned for the welfare of the displaced drivers.

    Several drivers began reporting on Tuesday that their fuel cards were shut off, effectively leaving some drivers stranded out on the road.



    FedEx falls 9% after missing on earnings, lowering 2020 guidance
    https://www.cnbc.com/2019/09/17/fede...-guidance.html

  8. #98

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    I have to say, it is hard to threaten a country economically that uses people for grease.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  9. #99
    Join Date
    Sep 2019
    Posts
    1

    Default

    "You cannot ignore economic reality" - I agree. Reality is reality.

  10. #100

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    I somehow thought the stock market was going to go up today and it took a 300 point dive instead.

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