The trade and economy mega-thread (5 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.

 

[efil4]

Great thread on "cascade effect" of oil glut.

 

[cuddlemonkey]

My husband does the grocery shopping and he says prices have just taken another jump. Fruit and veggies in particular, probably due to increased transportation costs. This jump will not have shown up in the stats yet, he noticed it today.

I'm going shopping tomorrow. I will keep an eye out and see if I notice anything.

 

[efil4]

My husband does the grocery shopping and he says prices have just taken another jump. Fruit and veggies in particular, probably due to increased transportation costs. This jump will not have shown up in the stats yet, he noticed it today.

Went with wife yesterday just to see.
$1.98 for a head of lettuce that was half the density ( usually solid/heavy...this one was light and not tightly packed ).

I have a favorite (from childhood) sandwich meat...Carl Budding Beef. For last several years, $.59 -65 a pack. Saturday it was $.89. That is a 45% increase.

My wife on fruits/veggies...not only much higher, but quality is much lower. We buy blueberries, strawberries, blackberries, apples and oranges.

She said the flats of berries used to be $4.99 to $5.99.
Now $6.99 to $7.99 depending on store and type. But $1.50 to $2.00 more.

I suspect it will jump again as fuel prices stay high (or increase more) in the coming weeks. We are buying what was bought prior to Iran. All that stock is running out.

 

[MT15]

My husband said a small package of strawberries with a little bit of whipped cream was $9.00. And they didn’t look very good - not ripe at all.

 

[efil4]

Great thread on "cascade effect" of oil glut.

 

[MT15]

Just saw this

 

[bird]

Just saw this

Stop trying to confuse MAGA with facts.

 

[superchuck500]

Morgan Stanley says foreign ownership of US Treasuries is now at a near 30-year low. As the US continues to wildly spend, reduced demand for US Treasuries means increased borrowing costs, accelerating the debt spiral.

 

[UriUT]

Morgan Stanley says foreign ownership of US Treasuries is now at a near 30-year low. As the US continues to wildly spend, reduced demand for US Treasuries means increased borrowing costs, accelerating the debt spiral.

Hold on. We lowered taxes yet again. You mean to tell us that didn’t increase investment???

 

[MT15]

All the “fiscal conservatism” was just a front by the GOP. They didn’t mean any of it.

 

[efil4]

 

[fooferdoggie]

Just saw this

Plus it's not like SNAP steals the food it is paid for, so how does that raise prices? The logic of MAGA is the logic of a turnip (yes, I just shamed turnips).

 

[bird]

Plus it's not like SNAP steals the food it is paid for, so how does that raise prices? The logic of MAGA is the logic of a turnip (yes, I just shamed turnips).

I was gonna ask what you had against turnips.

MAGA doesn’t like facts.