The Dumpsterfire Economy

[Chicks]

Trump pulled out of a massive trade deal. Now 11 countries are going ahead without the US

The Art of the Fail. F'ing moron. When will real businessmen finally stand up to this 6-bankrupties idiot?

https://amp.cnn.com/cnn/2018/12/29/p...ump/index.html

A major 11-country agreement goes into effect Sunday, reshaping trade rules among economic powerhouses like Japan, Canada, Mexico and Australia — but the United States won't be a part of it.

That means that Welch's grape juice, Tyson's pork and California almonds will remain subject to tariffs in Japan, for example, while competitors' products from countries participating in the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership will eventually be duty-free.

Japan will offer similar tariff relief to the European Union, in a separate trade deal set to go into effect on February 1.

"Our competitors in Australia and Canada will now benefit from those provisions, as US farmers watch helplessly," said US Wheat Associates President Vince Peterson at a hearing on the potential negotiations with Japan.

[Chicks]

U.S. Factory Gauge Tumbles by Most Since 2008 as Orders Cool

MAGA!

https://finance.yahoo.com/news/u-fac...150000634.html

[Dondilion]

9

Originally Posted by Chicks

U.S. Factory Gauge Tumbles by Most Since 2008 as Orders Cool

MAGA!

https://finance.yahoo.com/news/u-fac...150000634.html

Europe and the US have waited too long to counter the Chinese.

Germany has just realized that the Chinese are serious players.

[Chicks]

tRump’s One Legislative ‘Win’ Is Actually a Failure

http://nymag.com/intelligencer/2019/...a-failure.html

Obviously the Trump tax cuts have had an effect. They have bequeathed a gigantic windfall benefit to business owners (as well as the heirs to large fortunes, who will have to pay even lower taxes on the largest inheritances). The Trump tax cuts are of a piece with the endemic corruption that has tied the party’s political class to its buffoonish president. He has made his partners richer, at least temporarily. But by the public-facing standards set out for it, as opposed to the private venal reasons, the Trump tax cuts have failed as miserably as everything else.

[Dondilion]

Originally Posted by Chicks

tRump’s One Legislative ‘Win’ Is Actually a Failure

http://nymag.com/intelligencer/2019/...a-failure.html

Destined to fail. Fat cats always undercut their own theory...they indulge in stock buyback instead of any substantive investment.

[Chicks]

A record 7 million Americans are 3 months behind on their car payments, a red flag for the economy

https://www.washingtonpost.com/busin...-flag-economy/

A car loan is typically the first payment people make because a vehicle is critical to getting to work, and someone can live in a car if all else fails. When car loan delinquencies rise, it is usually a sign of significant duress among low-income and working-class Americans.

But... but... Donny promised he “fixed” the economy!

[Dondilion]

Related more to lending practices than to Donny.

[Chicks]

Originally Posted by Dondilion

Related more to lending practices than to Donny.

You've completely missed the point...

[JJIII]

He completely caught the spin.

[Chicks]

Originally Posted by JJIII

He completely caught the spin.

Donny: “Only I can fix it!”
Reality: He’s “fixed” it for his family and rich friends. His idiot followers get the shaft. But I suppose you’re one of Donny’s true believers.