The trade and economy mega-thread (1 Viewer)

[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.

 

[Dragon]

They have local ACT/SAT tutors that go for $2000 + that guarantee +3-5 pts on ACT and they are never not busy.

Parents are paying $2000 + for 2-3 sessions to have child get an extra 3-5 pts on ACT - not to mention what you noted above as well.

And there is also an element of pressure from the parent(s) on having a child accepted to a certain school - be it reputational ( as if their acceptance is a comment on their parenting ability or genetics ) or simply braggin rights. Its all around nuts.

I will say, when my now college junior was looking at prospective schools, we were told that schools are trending away from ACT/SAT and looking more at the 4 year HS transcripts to get a better idea of student. They understand standardized testing isnt for all and some kids carrying 3.9 gpas from 9-12 grade, yet score a 24 on test- that 24 is NOT a good indicator of the type of student he/she is.

My youngest is dyslexic. Test taking/long reads have always been an issue for her. As she has gotten older, with therapy ( in last year of 3 year therapy thank goodness ) she has gotten so much better, but the baseline was so low, its an issue. Add to it her "confidence" is ( and never will be ) all that very high, and any long form test gives her the heebie jeebies and she psyches herself out before the actual test anyway.

Yet she puts in the hard work and currently carries a 3.75 GPA since 8th grade.

But i get from a college perspective- you get 100,000 applicants, you simply cannot vet each individual student; it would take months they dont have to "accept or deny". So test scores are one way to thin the herd. GPA is another.

Side note- good friends of ours daughter got accepted to Texas. I almost passed out at annual cost.

Do the tests not have special allowances for conditions like dyslexia? Here, individuals with dyslexia and other disabilities receive 50% extra time to complete exams. My nephew, who has Asperger’s, was allowed to take his final exams in a separate room because he struggles to concentrate in crowded environments. He is currently writing his dissertation on nuclear fission at university—extremely intelligent, yet very introverted in social settings.

 

[efil4]

Do the tests not have special allowances for conditions like dyslexia? Here, individuals with dyslexia and other disabilities receive 50% extra time to complete exams. My nephew, who has Asperger’s, was allowed to take his final exams in a separate room because he struggles to concentrate in crowded environments. He is currently writing his dissertation on nuclear fission at university—extremely intelligent, yet very introverted in social settings.

i should have stated- yes they do. Absolutely.

But when the letters/numbers on the page jumble, it doesnt matter how much time is given, she will simply move on for fear it will only get worse and affect the rest of exam.

 

[Optimus Prime]

They are trying this weird combination of "No recession, no inflation", "yes recession, yes inflation but it'll be worth it in the long run" and "yes recession, yes inflation but it'll be all Biden's fault"

because it's the media's fault
======================

Amid a multi-week Wall Street sell-off that has seen the major stock market indexes approach correction territory over economic uncertainty largely spurred by President Donald Trump’s chaotic trade war, Fox Business anchor Charles Payne grumbled that this was all the media’s fault.

With the Dow Jones index down hundreds of points on Tuesday afternoon, breaking a brief two-day comeback, Payne appeared on Fox News’ America Reports to discuss investors’ continued apprehension and the White House’s attempts to tout the “success” of its economic policies.

“As we have said for years as market watchers, markets do not like uncertainty,” Fox News anchor Sandra Smith noted. “Even if the decision is to go forward with an unpopular policy, or economic plan, the markets can accept that as long as they know what’s coming. It is that uncertainty that continues to weigh on markets.”

Payne, however, trumpeted the Trump administration’s long-term vision while blasting the mainstream press for being biased against the president and far too gloomy with its economic coverage.

“Yeah, but what we’re seeing in the last couple of weeks is a media creation,” he groused. “The media has gone to war with President Trump to make tariffs the scariest thing in the world.”..............

Fox host gripes that plunging stock market and recession fears are a ‘media creation’

‘The media has gone to war with President Trump to make tariffs the scariest thing in the world,’ Charles Payne fumed on Tuesday

www.the-independent.com

 

[Dragon]

because it's the media's fault
======================

Amid a multi-week Wall Street sell-off that has seen the major stock market indexes approach correction territory over economic uncertainty largely spurred by President Donald Trump’s chaotic trade war, Fox Business anchor Charles Payne grumbled that this was all the media’s fault.

With the Dow Jones index down hundreds of points on Tuesday afternoon, breaking a brief two-day comeback, Payne appeared on Fox News’ America Reports to discuss investors’ continued apprehension and the White House’s attempts to tout the “success” of its economic policies.

“As we have said for years as market watchers, markets do not like uncertainty,” Fox News anchor Sandra Smith noted. “Even if the decision is to go forward with an unpopular policy, or economic plan, the markets can accept that as long as they know what’s coming. It is that uncertainty that continues to weigh on markets.”

Payne, however, trumpeted the Trump administration’s long-term vision while blasting the mainstream press for being biased against the president and far too gloomy with its economic coverage.

“Yeah, but what we’re seeing in the last couple of weeks is a media creation,” he groused. “The media has gone to war with President Trump to make tariffs the scariest thing in the world.”..............

Fox host gripes that plunging stock market and recession fears are a ‘media creation’

‘The media has gone to war with President Trump to make tariffs the scariest thing in the world,’ Charles Payne fumed on Tuesday

www.the-independent.com

Typical Maga croonie. Everything is somebody elses fault.

 

[Optimus Prime]

 

[efil4]

Powell sees slower economic growth and inflation creeping up

WATCH: Fed keeps interest rate unchanged, sees slower growth, higher inflation ahead

The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a set of quarterly economic projections also released Wednesday.

www.pbs.org

 

[MT15]

Powell sees slower economic growth and inflation creeping up

WATCH: Fed keeps interest rate unchanged, sees slower growth, higher inflation ahead

The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a set of quarterly economic projections also released Wednesday.

www.pbs.org

Yeah, because he can see and understand what is happening.

 

[superchuck500]

 

[MT15]

And now he’s a marked man and Trump will get rid of him.

Nobody can disagree with Dear Leader. Even if Dear Leader is full of shirt.