The trade and economy mega-thread (4 Viewers)

[superchuck500]

Is there a trade deal with China? Is it really a deal or just a pull-back to status quo ante? Is Trump advancing US interests in this well-executed trade battle plan or was this poorly conceived from the start . . . and harmful?

I think the jury's still out, but I haven't seen that the Chinese are offering much in compromise - and it's not even clear if there's going to be an agreement. But it's clear they are working on something and I'm sure Trump will sell it as the greatest trade deal ever. The proof will be in the details.

 

[Optimus Prime]

Women across the political spectrum are more concerned about the state of the US economy and inflation under Donald Trump than men are, according to a new exclusive poll for the Guardian.

More Democrats than Republicans are now concerned about the economy following the president’s return to power. But pessimism was higher for women even among Republicans and independents, according to a new Harris poll.

Overall, 62% of women and 47% of men said that the economy and inflation were getting worse, a gap of 15 percentage points. The gender gap crossed party lines with both Democratic and Republican women expressing greater concerns about the economy than men did.……

Women more worried about economy under Trump than men, poll finds

Exclusive: poll shows 62% of women and 47% of men across political spectrum say economy and inflation getting worse

www.theguardian.com

 

[bird]

Women across the political spectrum are more concerned about the state of the US economy and inflation under Donald Trump than men are, according to a new exclusive poll for the Guardian.

More Democrats than Republicans are now concerned about the economy following the president’s return to power. But pessimism was higher for women even among Republicans and independents, according to a new Harris poll.

Overall, 62% of women and 47% of men said that the economy and inflation were getting worse, a gap of 15 percentage points. The gender gap crossed party lines with both Democratic and Republican women expressing greater concerns about the economy than men did.……

Women more worried about economy under Trump than men, poll finds

Exclusive: poll shows 62% of women and 47% of men across political spectrum say economy and inflation getting worse

www.theguardian.com

Because men are idiots. There is still a majority that cannot admit that they forked up.

 

[LA 2 L.A.]

Because men are idiots. There is still a majority that cannot admit that they forked up.

Mrs. Bird, with all due respect, you shouldn't be posting under your husband's account.

 

[longtime lurker]

Federal Reserve Warns Trump’s Economy Is About to Get Whole Lot Worse

Trump’s tariffs are directly to blame, said Federal Reserve Chair Jerome Powell.

newrepublic.com

 

[efil4]

Because men are idiots. There is still a majority that cannot admit that they forked up.

and more importantly, the women spend more time handling the shopping/errands and feel first hand how prices keep rising.

Then have to explain to husband why the recent weekly grocery trip was $230 instead of usual $180.

 

[LA 2 L.A.]

and more importantly, the women spend more time handling the shopping/errands and feel first hand how prices keep rising.

Then have to explain to husband why the recent weekly grocery trip was $230 instead of usual $180.

I guess one of the little quirks of living alone is that I get the privilege of feeling first hand how wonderful grocery shopping has gotten. Nothing feels as good as paying more total dollars to get less of something.

 

[bird]

Mrs. Bird, with all due respect, you shouldn't be posting under your husband's account.

Mrs. Bird approves of your message.

 

[bird]

I guess one of the little quirks of living alone is that I get the privilege of feeling first hand how wonderful grocery shopping has gotten. Nothing feels as good as paying more total dollars to get less of something.

One of the reasons why we have started shopping at Aldi’s.

 

[LA 2 L.A.]

One of the reasons why we have started shopping at Aldi’s.

I like Aldi's and look forward to them opening one closer to me than 10 miles away. They entered the LA market around 2018 and have slowly added more stores. There's an Albertsons owned store a few blocks from me that's likely to get sold off after the Kroger Albertsons merger is completed. I've got my fingers crossed that Aldi's buys it. The merger is being allowed even though it would be better for everyone if it wasn't. Getting an Aldi's would at least be a bit of a consolation.

 

[longtime lurker]

30%….

How retail credit cards could bankrupt consumers with record high interest rates

Retail credit card debt is accounting for a greater proportion of overall debt in consumer bankruptcies.

www.cnbc.com

 

[MT15]

Here is the entire premise of “trickle down economics” exposed for the sham that it is.

 

[Eeyore]

 

[bird]

Yup. I have long said that if it takes a business “X” number of people to maximize revenue and profit they will hire “X”- some number.

 

[efil4]

Yup. I have long said that if it takes a business “X” number of people to maximize revenue and profit they will hire “X”- some number.

Management will. Absolutely.

Especially if their bonus structure is directly related to profitability of their unit.

I have worked for the same company for 26 years. I have a book of business that rivals smaller competitors entire revenue. I have acquaintances that have HALF the book I do, and have a team of 2 to 3 ppl under them to support.

I have 1. I've asked for another, but the same theme crops up..."you have been doing this for a decade as is, why hire another at $60k/yr, when you keep exceeding goals as is?"

There ya go. Simple stuff really.

Nevermind I can hardly take more than 10 consecutive days off or enjoy a day off to do whatever without getting texts or calls, but that's something I've accepted and it doesnt bother me terribly. And I have gotten to a point where my AE can handle much when out.


More importantly my clients understand. Which is huge. They give me the ability to take time off and understand that unless its an emergency, it will get done soon enough.

But yeah this whole myth of trickle down is just that...a myth.

 

[Eeyore]

'member when we were told that there would be trade deals with nearly all of the other countries?

That was great.

Still waiting though.

 

[Optimus Prime]

what do all the people who claim to only voted for trump for the economy have to say for themselves?
=================================================

Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday. The decline was seen across all political affiliations but was strongest among Republican respondents.

Consumers had been feeling better after an agreement was secured between the United States and China to lower massive tariffs on each other — but mounting uncertainty over President Donald Trump’s economic policy and tensions in the Middle East are leaving consumers feeling less gung-ho about what the US economy has in store.

The drop in consumer confidence, which erased nearly half of last month’s gain, is in contrast to the one-point bump that economists polled by FactSet were anticipating.

The survey’s cutoff date was June 18, days before the US bombed Iran, targeting its three main nuclear sites. Stephanie Guichard, senior economist overseeing global indicators at the Conference Board, noted, “References to geopolitics and social unrest increased slightly from previous months but remained much lower on the list of topics affecting consumers’ views.”

Far more pertinent to consumers were tariffs, which “were frequently associated with concerns about their negative impacts on the economy and prices,” Guichard said in a statement published Tuesday.....................

Americans are feeling worse about the economy — especially Republicans | CNN Business

Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday. The decline was seen across all political affiliations but was strongest among Republican respondents.

www.cnn.com

 

[efil4]

what do all the people who claim to only voted for trump for the economy have to say for themselves?
=================================================

Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday. The decline was seen across all political affiliations but was strongest among Republican respondents.

Consumers had been feeling better after an agreement was secured between the United States and China to lower massive tariffs on each other — but mounting uncertainty over President Donald Trump’s economic policy and tensions in the Middle East are leaving consumers feeling less gung-ho about what the US economy has in store.

The drop in consumer confidence, which erased nearly half of last month’s gain, is in contrast to the one-point bump that economists polled by FactSet were anticipating.

The survey’s cutoff date was June 18, days before the US bombed Iran, targeting its three main nuclear sites. Stephanie Guichard, senior economist overseeing global indicators at the Conference Board, noted, “References to geopolitics and social unrest increased slightly from previous months but remained much lower on the list of topics affecting consumers’ views.”

Far more pertinent to consumers were tariffs, which “were frequently associated with concerns about their negative impacts on the economy and prices,” Guichard said in a statement published Tuesday.....................

Americans are feeling worse about the economy — especially Republicans | CNN Business

Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday. The decline was seen across all political affiliations but was strongest among Republican respondents.

www.cnn.com

Now you understand why Trump going after Powell so hard. Trying to get a reprieve. Nope.

And 7/2 fast approaching ( 90 day mark from "Liberation day" ) where tariffs are set to reinstate if no deals. Wanna guess how that will go? lol

 

[LA 2 L.A.]

Now you understand why Trump going after Powell so hard. Trying to get a reprieve. Nope.

And 7/2 fast approaching ( 90 day mark from "Liberation day" ) where tariffs are set to reinstate if no deals. Wanna guess how that will go? lol

TACO TACO...TACOOO.