Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
You premise about 'disruption' of the US economy and yet, your negative assessment of the need for a rate cut, are in direct contradiction to each other.
Moreover, Trump has been caterwauling for a rate cut for a while now, and much of the market commentary I am hearing appears to suggest that the Fed is merely obliging. In other words, he seems to be getting what he wants on both fronts.
It's not a proposal targeting U.S companies. It targets all companies in the sector who go over a certain threshold.
How many such non-US companies are there that have >$750M in global revenues and $28M in French revenues? I'd like to see a list if you have it.
How many there are or aren't is irrelevant. If the taxes are deemed to be too much, these companies have options. Pass costs on to consumers, downscale or pull out.
The real question is why there isn't more competition in the areas that the firms you mention currently dominate.
Ultimately, this kind of tax could help smaller players. And we have all heard the rumblings from some areas that seem to favor a big tech break up.
Of course it is relevant. France's definition is qualitatively no different from the US imposing a tax on all yogurts from anywhere in the world whose names begin with a D and end with an E.
As to why there isn't more competition, the EU had a poor history with globally competitive tech/digital products (except for a brief while when they shone with telecom and then got out-innovated by the likes of Apple), and pretty much all of the significant tech in Asia -- China, Taiwan, Korea, even Japan until a generation ago -- is based on IP knock-offs.
"Rumblings that favor big tech break-ups" are just that: rumblings. Let's check back if/when something tangible happens.
Taxes are mostly based on bands/thresholds. We accept this. They are not based on the letters a name begins with. The two ideas are not comparable.
There isn't much digital history to about yet. The problem is that it has moved fast and, wait for it, not only due to companies like Apple, Facebook and Google but the carrier networks that provided the infrastructure to reach customers. Infrastructure that government has had a direct role in stimulating and not only for financial gain. That means the big carriers cannot feed off the big cities and leave everybody else to rot. They are legally obliged to share infrastructure. They are legally obliged to meet coverage targets. They are legally obliged to facilitate carrier switching for consumers. These laws came into force slowly.
Legislation will also - slowly - reign these internet companies in and level the playing field for everyone. Taxes are simply a small part of the process and as with most cases, they start at the top and work down simply because the biggest offenders can offend because of their size and the amounts are so vast.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
You premise about 'disruption' of the US economy and yet, your negative assessment of the need for a rate cut, are in direct contradiction to each other.
Moreover, Trump has been caterwauling for a rate cut for a while now, and much of the market commentary I am hearing appears to suggest that the Fed is merely obliging. In other words, he seems to be getting what he wants on both fronts.
Not at all... Powell told congress that the the TrumpTradeWars introduced downside risks and instability to the economy. He expressly blamed the TrumpTradeWars for the need to cut rates.
I agree that that's bullshit. But, unfortunately we have an out of control president playing to his base and, for the first time in a decade the Fed says it has to cut rates because of his insanity.
BTW, he also told congress that Trump's TaxScam induced deficits are unsustainable.
It's not a proposal targeting U.S companies. It targets all companies in the sector who go over a certain threshold.
How many such non-US companies are there that have >$750M in global revenues and $28M in French revenues? I'd like to see a list if you have it.
How many there are or aren't is irrelevant. If the taxes are deemed to be too much, these companies have options. Pass costs on to consumers, downscale or pull out.
The real question is why there isn't more competition in the areas that the firms you mention currently dominate.
Ultimately, this kind of tax could help smaller players. And we have all heard the rumblings from some areas that seem to favor a big tech break up.
Of course it is relevant. France's definition is qualitatively no different from the US imposing a tax on all yogurts from anywhere in the world whose names begin with a D and end with an E.
As to why there isn't more competition, the EU had a poor history with globally competitive tech/digital products (except for a brief while when they shone with telecom and then got out-innovated by the likes of Apple), and pretty much all of the significant tech in Asia -- China, Taiwan, Korea, even Japan until a generation ago -- is based on IP knock-offs.
"Rumblings that favor big tech break-ups" are just that: rumblings. Let's check back if/when something tangible happens.
Taxes are mostly based on bands/thresholds. We accept this. They are not based on the letters a name begins with. The two ideas are not comparable.
There isn't much digital history to about yet. The problem is that it has moved fast and, wait for it, not only due to companies like Apple, Facebook and Google but the carrier networks that provided the infrastructure to reach customers. Infrastructure that government has had a direct role in stimulating and not only for financial gain. That means the big carriers cannot feed off the big cities and leave everybody else to rot. They are legally obliged to share infrastructure. They are legally obliged to meet coverage targets. They are legally obliged to facilitate carrier switching for consumers. These laws came into force slowly.
Legislation will also - slowly - reign these internet companies in and level the playing field for everyone. Taxes are simply a small part of the process and as with most cases, they start at the top and work down simply because the biggest offenders can offend because of their size and the amounts are so vast.
Well yeh, sorta...
It's perhaps the first salvo in rearranging the world's tax structure to account for global companies reaching out from isolated tax havens to generate revenue and profits -- but avoiding taxation. The theory is to generate the taxation from the source of the revenue and profits.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
That is because he is focus on one data point from our politically bias media verse looking at the real data and Trump already said he will take the money from the tariffs and give it to the farmer to help them in the short term. If the Farmers were giving more warning they would have planted less soy beans and planted crops which could be sold elsewhere. The farmer will recover and migrate crops to other things. In the mean time China will have to buy higher price soy beans from lower quality countries on the US farmer migrate crops. The US has the highest quantity and yielding farm lands in the world we can product more than any other country with less land.
It's not a proposal targeting U.S companies. It targets all companies in the sector who go over a certain threshold.
How many such non-US companies are there that have >$750M in global revenues and $28M in French revenues? I'd like to see a list if you have it.
How many there are or aren't is irrelevant. If the taxes are deemed to be too much, these companies have options. Pass costs on to consumers, downscale or pull out.
The real question is why there isn't more competition in the areas that the firms you mention currently dominate.
Ultimately, this kind of tax could help smaller players. And we have all heard the rumblings from some areas that seem to favor a big tech break up.
Of course it is relevant. France's definition is qualitatively no different from the US imposing a tax on all yogurts from anywhere in the world whose names begin with a D and end with an E.
As to why there isn't more competition, the EU had a poor history with globally competitive tech/digital products (except for a brief while when they shone with telecom and then got out-innovated by the likes of Apple), and pretty much all of the significant tech in Asia -- China, Taiwan, Korea, even Japan until a generation ago -- is based on IP knock-offs.
"Rumblings that favor big tech break-ups" are just that: rumblings. Let's check back if/when something tangible happens.
Taxes are mostly based on bands/thresholds. We accept this. They are not based on the letters a name begins with. The two ideas are not comparable.
There isn't much digital history to about yet. The problem is that it has moved fast and, wait for it, not only due to companies like Apple, Facebook and Google but the carrier networks that provided the infrastructure to reach customers. Infrastructure that government has had a direct role in stimulating and not only for financial gain. That means the big carriers cannot feed off the big cities and leave everybody else to rot. They are legally obliged to share infrastructure. They are legally obliged to meet coverage targets. They are legally obliged to facilitate carrier switching for consumers. These laws came into force slowly.
Legislation will also - slowly - reign these internet companies in and level the playing field for everyone. Taxes are simply a small part of the process and as with most cases, they start at the top and work down simply because the biggest offenders can offend because of their size and the amounts are so vast.
It's not a proposal targeting U.S companies. It targets all companies in the sector who go over a certain threshold.
How many such non-US companies are there that have >$750M in global revenues and $28M in French revenues? I'd like to see a list if you have it.
How many there are or aren't is irrelevant. If the taxes are deemed to be too much, these companies have options. Pass costs on to consumers, downscale or pull out.
The real question is why there isn't more competition in the areas that the firms you mention currently dominate.
Ultimately, this kind of tax could help smaller players. And we have all heard the rumblings from some areas that seem to favor a big tech break up.
Of course it is relevant. France's definition is qualitatively no different from the US imposing a tax on all yogurts from anywhere in the world whose names begin with a D and end with an E.
As to why there isn't more competition, the EU had a poor history with globally competitive tech/digital products (except for a brief while when they shone with telecom and then got out-innovated by the likes of Apple), and pretty much all of the significant tech in Asia -- China, Taiwan, Korea, even Japan until a generation ago -- is based on IP knock-offs.
"Rumblings that favor big tech break-ups" are just that: rumblings. Let's check back if/when something tangible happens.
Taxes are mostly based on bands/thresholds. We accept this. They are not based on the letters a name begins with. The two ideas are not comparable.
There isn't much digital history to about yet. The problem is that it has moved fast and, wait for it, not only due to companies like Apple, Facebook and Google but the carrier networks that provided the infrastructure to reach customers. Infrastructure that government has had a direct role in stimulating and not only for financial gain. That means the big carriers cannot feed off the big cities and leave everybody else to rot. They are legally obliged to share infrastructure. They are legally obliged to meet coverage targets. They are legally obliged to facilitate carrier switching for consumers. These laws came into force slowly.
Legislation will also - slowly - reign these internet companies in and level the playing field for everyone. Taxes are simply a small part of the process and as with most cases, they start at the top and work down simply because the biggest offenders can offend because of their size and the amounts are so vast.
Well yeh, sorta...
It's perhaps the first salvo in rearranging the world's tax structure to account for global companies reaching out from isolated tax havens to generate revenue and profits -- but avoiding taxation. The theory is to generate the taxation from the source of the revenue and profits.
Definitely baby steps and, as we've seen, not everyone agrees (for example within the EU) on the best way to tackle it.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
And during the last two prior administration rates were cut all the way to 0% to undo all their fiscal irresponsibility's and stupid ideas so it is not a current administration issue stop listening to the media and do some independent thinking. Do not get me wrong I did not mind the government cutting rates it allowed me to have mortgage of 2.9% and saved me so much interest payments. as well as seeing double digit earning in the market. Other people's stupidity is savings and profits for me.
Yeah we have bunch of CEO's belly aching because this is cutting into their profits since COGS are going up and they can no easily pass it along. The 10% increase was easily to offset, 25% is not. Once they move out of China that will not be a problem for them. Face it is a double edge sword for companies doing business in China, if you want to sell product in China it has to be manufactured in China. As I said before Apple will not pull all their manufacturing out of China, if they did they would not be allow to sell in China. I believe the US should make Chinese company manufacture in the US if they want to sell their products in the US its only fair and they should also be require to being their own cheap labor and pay all their cheap labor expenses to live in the US.
It's not a proposal targeting U.S companies. It targets all companies in the sector who go over a certain threshold.
How many such non-US companies are there that have >$750M in global revenues and $28M in French revenues? I'd like to see a list if you have it.
How many there are or aren't is irrelevant. If the taxes are deemed to be too much, these companies have options. Pass costs on to consumers, downscale or pull out.
The real question is why there isn't more competition in the areas that the firms you mention currently dominate.
Ultimately, this kind of tax could help smaller players. And we have all heard the rumblings from some areas that seem to favor a big tech break up.
It never helps the smaller players once the money ends up in the hands of the government most time it never ends up where they say it should have gone. They see the extra cash in the bank and find new and interesting ways to spend it. You know the government would not have to tax people if everyone want to work and did everything they could to earn a living for themselves. France is doing this since they are claiming these companies are somehow hurting their economy and forcing people out of a job. What France is really admitting is French citizen are in capable of competing on the world market so the successful companies have to pay France to take care of their people.
Ask yourself why the US is so success in business, is it because everyone in the world who wants to be successful left their countries and came to the US. What is left are those who have no desire to be success. I know that sounds kind of cynical, but ask yourself why all these country are having issues and the US keeps finding a way to pull itself up even after it does stupid things to drag itself down.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
That is because he is focus on one data point from our politically bias media verse looking at the real data and Trump already said he will take the money from the tariffs and give it to the farmer to help them in the short term. If the Farmers were giving more warning they would have planted less soy beans and planted crops which could be sold elsewhere. The farmer will recover and migrate crops to other things. In the mean time China will have to buy higher price soy beans from lower quality countries on the US farmer migrate crops. The US has the highest quantity and yielding farm lands in the world we can product more than any other country with less land.
Well, no.... But nice try... As I said -- twice now -- that was merely the most recent example. But, since then Powell has reported that the Fed will likely have to lower rates because of the risks to the economy Trump's Trade wars are causing.
And also no.... Media reporting truth and facts does not make it "politically biased" no matter how bad those those truths and facts make Trump look.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
And during the last two prior administration rates were cut all the way to 0% to undo all their fiscal irresponsibility's and stupid ideas so it is not a current administration issue stop listening to the media and do some independent thinking. Do not get me wrong I did not mind the government cutting rates it allowed me to have mortgage of 2.9% and saved me so much interest payments. as well as seeing double digit earning in the market. Other people's stupidity is savings and profits for me.
Yeah we have bunch of CEO's belly aching because this is cutting into their profits since COGS are going up and they can no easily pass it along. The 10% increase was easily to offset, 25% is not. Once they move out of China that will not be a problem for them. Face it is a double edge sword for companies doing business in China, if you want to sell product in China it has to be manufactured in China. As I said before Apple will not pull all their manufacturing out of China, if they did they would not be allow to sell in China. I believe the US should make Chinese company manufacture in the US if they want to sell their products in the US its only fair and they should also be require to being their own cheap labor and pay all their cheap labor expenses to live in the US.
You need to find some better sources of information. The post-2008 rate cuts were to stave off a full blown Depression caused by the regulator irresponsibility of the previous Republican administration.
And you don't need to make things in China to sell them there. It's mostly that we simply can't make them good enough or cheap enough to be competitive over there.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
You premise about 'disruption' of the US economy and yet, your negative assessment of the need for a rate cut, are in direct contradiction to each other.
Moreover, Trump has been caterwauling for a rate cut for a while now, and much of the market commentary I am hearing appears to suggest that the Fed is merely obliging. In other words, he seems to be getting what he wants on both fronts.
Not at all... Powell told congress that the the TrumpTradeWars introduced downside risks and instability to the economy. He expressly blamed the TrumpTradeWars for the need to cut rates.
I agree that that's bullshit. But, unfortunately we have an out of control president playing to his base and, for the first time in a decade the Fed says it has to cut rates because of his insanity.
BTW, he also told congress that Trump's TaxScam induced deficits are unsustainable.
Actually tax revenues are up, but spending is up by more. So, he never said — or even implied — your silly hyperbolic claim in the last para.
You really should pay attention to the facts, and not be so blinded by biases.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
You premise about 'disruption' of the US economy and yet, your negative assessment of the need for a rate cut, are in direct contradiction to each other.
Moreover, Trump has been caterwauling for a rate cut for a while now, and much of the market commentary I am hearing appears to suggest that the Fed is merely obliging. In other words, he seems to be getting what he wants on both fronts.
Not at all... Powell told congress that the the TrumpTradeWars introduced downside risks and instability to the economy. He expressly blamed the TrumpTradeWars for the need to cut rates.
I agree that that's bullshit. But, unfortunately we have an out of control president playing to his base and, for the first time in a decade the Fed says it has to cut rates because of his insanity.
BTW, he also told congress that Trump's TaxScam induced deficits are unsustainable.
Actually tax revenues are up, but spending is up by more. So, he never said — or even implied — your silly hyperbolic claim in the last para.
You really should pay attention to the facts, and not be so blinded by biases.
They aren't up enough to cover the Trillion dollar deficits he's creating -- and that is what Powell was talking about -- the U.S. simply cannot sustain the ongoing level of deficit that Trump's TaxScam created.. He also mentioned that Trump's & Republican's ongoing theme of defaulting on that debt would drive the world and the U.S. into the depths,
Sorry, but your blind, unwavering support for Trump doesn't change reality.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
And with Mexico and Canada. You need a microscope to see the changes in the new NAFTA and its all fantasy on paper until it's approved by Congress. So far, the TARIFFS have accomplished nothing, expect for raising the cost of consumer goods on Americans and hiring farmers who now have to tax handouts paid by taxpayers. and on another note, North Korea still has its nukes (and building more) and Iran in now on the way to building nukes. So far, Trump is the biggest loser when it comes to foreign policy.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
You premise about 'disruption' of the US economy and yet, your negative assessment of the need for a rate cut, are in direct contradiction to each other.
Moreover, Trump has been caterwauling for a rate cut for a while now, and much of the market commentary I am hearing appears to suggest that the Fed is merely obliging. In other words, he seems to be getting what he wants on both fronts.
Not at all... Powell told congress that the the TrumpTradeWars introduced downside risks and instability to the economy. He expressly blamed the TrumpTradeWars for the need to cut rates.
I agree that that's bullshit. But, unfortunately we have an out of control president playing to his base and, for the first time in a decade the Fed says it has to cut rates because of his insanity.
BTW, he also told congress that Trump's TaxScam induced deficits are unsustainable.
Actually tax revenues are up, but spending is up by more. So, he never said — or even implied — your silly hyperbolic claim in the last para.
You really should pay attention to the facts, and not be so blinded by biases.
First Trillion dollar deficits since 2012, I think. But of course, the difference between then and now is that the recovery had just begun, vs, Trump being handed the longest recovery in US history by Obama.
Why? What's to be gained? Tariffs have already proven to be a failure with China.
Please share your data on how its a failure, I think we're yrs away from knowing the real affect.
What we do know, a number of the world's largest manufactures are pulling manufacturing out of China. I think this will translate to less Chinese working. The US manufacturing sectors is grow so this translates to more US citizens working. Yep real failure there. China economy is still highly dependent on US consumers and US manufactures are not going to absorb the add cost and US company are really good at finding low cost solutions to a problem.
Here is a stat for you of the $300B that is being threaten to be tariff coming out of China Apple represents $167B of the it, if Apple pulls it all out and they will not, this will have a huge impact on China with one company. China can not afford the US fortune 500 or 1000 to move manufacturing to Vietnam, Malaysia, Indian and various other countries, Once they pull out it is not going to be easy to bring them back. The only way that happens China will have to lower its labor costs which has been raising for the last 15 yrs. they are no longer the lowest cost market to make products.
Evidence? Here's one of the latest...
Wall Street banks bailing on troubled U.S. farm sector
It's why Trump is now begging China to buy our products. He knows that if the U.S. agriculture industry collapses from his misguided policies he will lose in 2020 -- and for him that could mean jail time. Currently, as president, the justice department has declared him to be above the law.
Yes, one sector is hurting. But how is it obviously a failure for the entire country? Our largest export sector is service not goods. The travel and transportation sector was $236B. Food, beverage and feed was $133B. Service industries represent 71% of US jobs and $778B in exports.
We also have the Fed promising to bail Trump out with a rate cut because his trade war is, according the Powell, introducing risks and instabilities to the economy.
And didn't we recently have 600 CEOs sending him a letter telling him to "Back Off Fool! -
So far, Trump's trade war has only succeeded in disrupting the U.S. economy. That sounds like a failure to me.
And during the last two prior administration rates were cut all the way to 0% to undo all their fiscal irresponsibility's and stupid ideas so it is not a current administration issue stop listening to the media and do some independent thinking. Do not get me wrong I did not mind the government cutting rates it allowed me to have mortgage of 2.9% and saved me so much interest payments. as well as seeing double digit earning in the market. Other people's stupidity is savings and profits for me.
Yeah we have bunch of CEO's belly aching because this is cutting into their profits since COGS are going up and they can no easily pass it along. The 10% increase was easily to offset, 25% is not. Once they move out of China that will not be a problem for them. Face it is a double edge sword for companies doing business in China, if you want to sell product in China it has to be manufactured in China. As I said before Apple will not pull all their manufacturing out of China, if they did they would not be allow to sell in China. I believe the US should make Chinese company manufacture in the US if they want to sell their products in the US its only fair and they should also be require to being their own cheap labor and pay all their cheap labor expenses to live in the US.
You need to find some better sources of information. The post-2008 rate cuts were to stave off a full blown Depression caused by the regulator irresponsibility of the previous Republican administration.
And you don't need to make things in China to sell them there. It's mostly that we simply can't make them good enough or cheap enough to be competitive over there.
Actually I lived through the entire 1999 down turn through the 2008 down turn, and interest rated drop form 7% to 0% during this time so it started in the Clinton yrs until Obama left when rates started going back up. I personal bought and sold homes during this time and refinance my loans a number of time to take advantage of paying less interest. But I never bough more than I wanted to afford and never used my equity to live off. I saw first hand the games being play and worked with very good ethical brokers who were not playing the games. To show you all the stupidity going on my last refi was converting what was left on 30Yr which I was already making extra payments, to a 10yr with a lower interest rate but higher monthly payments. The bank (one i have been doing business with for 20yrs) told me there could be a problem since my new payment was going to be higher than my existing payment. I had to sign all kind of paperwork saying I was okay paying more each month and the bank was not forcing me into a loan I might not be able to afford, all government mandated requirements.
Besides the fact banks and investment companies were playing games with packaging bad mortgages with good. This all started in the 90's with the increased oversight of banks forcing them to provide mortgages and increase home ownership for people who could not afford a house in the first place. Bank signed people up for loans since the government said they would back those mortgages for first time home buyers (which end up being the biggest defaulters), the government raised the loan cap on FHA from $150K to $500K. The crash in 2008 started 5 to 7 yrs prior when people took out ARM loans with balloon payments due in 5 to 7 yrs which all started coming due in 2007 and 2008. The govern had no choice but to lower rates in the hope save people from their bad decisions which was driven by bad policies also driven by the government. Yes people have some responsibility for taking loans they could not afford, the Banks and investment companies played games and should have paid dearly for it, but this all started because the government had the great idea of driving up home ownership and guaranty to back the loans. So the banks said write the loans the government will cover them.
In the end people and companies took advantage of the governments stupidity and it cost everyone.
You need to go back further in times long before 2008, actually go back to Housing and Community Development Act of 1974 where housing and loan laws were changed. This was the bases of the actions the government was taking in the 90's which then all came to a head in 2008. 2008 was not an instantaneous event, it take years for government's stupid ideas to fall apart. I am not saying everyone should not have equal access to housing and loans, but if someone is not willing to take responsibility of their behaviors they should not be allow to cost the rest of us.
On your China point, Please try to sell product in China which are not manufacturer there\. I worked for a number of global companies which had operations in China and the only way we could sell in China was to have JV set up with a 51% Chinese ownership which was the entity making and selling the product in China. Apple is able to sell in China since the entire product is made in China made by 100% Chinese own factory. If iPhone was made anywhere else in the world, China would hit it with a huge tariff as China does to Tesla.
Comments
Moreover, Trump has been caterwauling for a rate cut for a while now, and much of the market commentary I am hearing appears to suggest that the Fed is merely obliging. In other words, he seems to be getting what he wants on both fronts.
There isn't much digital history to about yet. The problem is that it has moved fast and, wait for it, not only due to companies like Apple, Facebook and Google but the carrier networks that provided the infrastructure to reach customers. Infrastructure that government has had a direct role in stimulating and not only for financial gain. That means the big carriers cannot feed off the big cities and leave everybody else to rot. They are legally obliged to share infrastructure. They are legally obliged to meet coverage targets. They are legally obliged to facilitate carrier switching for consumers. These laws came into force slowly.
Legislation will also - slowly - reign these internet companies in and level the playing field for everyone. Taxes are simply a small part of the process and as with most cases, they start at the top and work down simply because the biggest offenders can offend because of their size and the amounts are so vast.
I agree that that's bullshit. But, unfortunately we have an out of control president playing to his base and, for the first time in a decade the Fed says it has to cut rates because of his insanity.
BTW, he also told congress that Trump's TaxScam induced deficits are unsustainable.
It's perhaps the first salvo in rearranging the world's tax structure to account for global companies reaching out from isolated tax havens to generate revenue and profits -- but avoiding taxation. The theory is to generate the taxation from the source of the revenue and profits.
Yeah we have bunch of CEO's belly aching because this is cutting into their profits since COGS are going up and they can no easily pass it along. The 10% increase was easily to offset, 25% is not. Once they move out of China that will not be a problem for them. Face it is a double edge sword for companies doing business in China, if you want to sell product in China it has to be manufactured in China. As I said before Apple will not pull all their manufacturing out of China, if they did they would not be allow to sell in China. I believe the US should make Chinese company manufacture in the US if they want to sell their products in the US its only fair and they should also be require to being their own cheap labor and pay all their cheap labor expenses to live in the US.
Ask yourself why the US is so success in business, is it because everyone in the world who wants to be successful left their countries and came to the US. What is left are those who have no desire to be success. I know that sounds kind of cynical, but ask yourself why all these country are having issues and the US keeps finding a way to pull itself up even after it does stupid things to drag itself down.
As I said -- twice now -- that was merely the most recent example. But, since then Powell has reported that the Fed will likely have to lower rates because of the risks to the economy Trump's Trade wars are causing.
And also no.... Media reporting truth and facts does not make it "politically biased" no matter how bad those those truths and facts make Trump look.
You really should pay attention to the facts, and not be so blinded by biases.
Sorry, but your blind, unwavering support for Trump doesn't change reality.
Besides the fact banks and investment companies were playing games with packaging bad mortgages with good. This all started in the 90's with the increased oversight of banks forcing them to provide mortgages and increase home ownership for people who could not afford a house in the first place. Bank signed people up for loans since the government said they would back those mortgages for first time home buyers (which end up being the biggest defaulters), the government raised the loan cap on FHA from $150K to $500K. The crash in 2008 started 5 to 7 yrs prior when people took out ARM loans with balloon payments due in 5 to 7 yrs which all started coming due in 2007 and 2008. The govern had no choice but to lower rates in the hope save people from their bad decisions which was driven by bad policies also driven by the government. Yes people have some responsibility for taking loans they could not afford, the Banks and investment companies played games and should have paid dearly for it, but this all started because the government had the great idea of driving up home ownership and guaranty to back the loans. So the banks said write the loans the government will cover them.
In the end people and companies took advantage of the governments stupidity and it cost everyone.
You need to go back further in times long before 2008, actually go back to Housing and Community Development Act of 1974 where housing and loan laws were changed. This was the bases of the actions the government was taking in the 90's which then all came to a head in 2008. 2008 was not an instantaneous event, it take years for government's stupid ideas to fall apart. I am not saying everyone should not have equal access to housing and loans, but if someone is not willing to take responsibility of their behaviors they should not be allow to cost the rest of us.
On your China point, Please try to sell product in China which are not manufacturer there\. I worked for a number of global companies which had operations in China and the only way we could sell in China was to have JV set up with a 51% Chinese ownership which was the entity making and selling the product in China. Apple is able to sell in China since the entire product is made in China made by 100% Chinese own factory. If iPhone was made anywhere else in the world, China would hit it with a huge tariff as China does to Tesla.