Trump to impose tariff on steel and aluminium, geaux Trump!

LOL... ok I understand now... trump the spurned...

 

Insofar as impact on the US economy, Harley Davidson is not the only casualty resulting from the Trump-induced trade war, aka the Trump tax.

The first casualties of President Trump’s trade war, aka the Trump tax, include

• 60 workers at Mid-Continent Nail, America’s largest nail manufacturer. They lost their jobs on June 15 at a factory in a part of Missouri that voted overwhelmingly for Trump. The whole company could be out of business by Labor Day.
• farmers (soy, pork, fruits, etc.), as well as wine and whiskey

https://www.washingtonpost.com/

 

Fox Business eats its own

 

Guest expert snarfs at Fox host running down the WTO. "Well, I think you have some alternative facts there."

 

Trump is threatening Harley Davidson with further tariffs.... what did Obama threaten Staples with?

 

Harley Davidson CEO rips trump a new one...

Tweet deleted... appears to be a fake quote.

 

​

unlike Pau Rian, this Wisconsinite has back bone. Go HOG !

 

I have found that the quote is being called a fake and only appearing on twitter. Out of respect for HD... I will deleted the quote.

 

Businesses plan to cut hiring - i think it was 13% I saw, and something like 5% for spending in the next 6 months.

Trade wars increase uncertainty. Also the economy is very hot, overheated. That forces the feds to raise interest rate which puts a dampener on business spending and investment. It also reduces things like car and home sales. And wages are creeping up as labor market is tight.

What do you think causes an inverted yield curve? It's rising interest rates and a depressed long-term outlook. The Yield curve is almost inverted with rising oil prices and a tight labor market.

Recession is coming.

 

businesses not affected by trade war do not plan to cut hiring; rather they plan on increasing hiring

the yield curve is a comparison of yield on treasury w differing maturities.
oil prices and labor market are separate and distinct from the yield curve

 

But what does Ayn Rand have to say about this?

Oh...nevermind.

 

http://money.cnn.com/2018/06/26/news/companies/steel-tariffs-job-losses/index.html


Steel tariffs could force the nation's largest nail manufacturer to close or move to Mexico.
The Mid-Continent Nail plant in Poplar Bluff, Missouri, laid off 60 of its 500 workers last week because of increased steel costs. The company blames the 25% tariff on imported steel. Orders for nails plunged 50% after the company raised its prices to deal with higher steel costs.

The company is in danger of shutting production by Labor Day unless the Commerce Department grants it an exclusion from paying the tariffs, company spokesman James Glassman told CNN's Poppy Harlow.

Mid-Continent Nail is "on the brink of extinction," he said.

...

 

Survey was across all CEO's, not just those in exports. Nearly every business today has an international component and service industries are still impacted by trade wars as a small shift can have massive impact on an economy.

Yield curve is definitely impacted by oil prices and the labor market. Oil prices increases cause short term interest rates to rise as does a tight labor market. Not only makes the fed raise rates, but as companies have to pay more for employees, they borrow more causing rates to rise. Long term bonds become more attractive as investors see the oncoming slow down and drop in the stock market - they know the run is over and they got what they can in gains from the tax cut. The system is unsustainable and eventually companies will start to cut back on capital expenditures as short term rates continue to rise and the labor market only has one way to go from here - south - that's what happens when you overheat the economy, it only has one way to go. So they are buying longer term bonds and pushing down yields. So yes, these things are causing the yield curve to invert.

I think this is pretty basic economics. You need to understand that there is a cycle. That an rapidly increasing economy with a tight labor market spells trouble long term. You should read up on it.

 

bluntly put, quintessential ignorance.

yet, another eg of a disjointed cut-an-past job, which shows that

the only thing you know about economics is that you don't understand it.​

 

What that ungrateful company needs is some hateful tweet attacks from our commander in chief? Amiright? That'll help!

 

I worked at an investment bank in asset backed securities. I think it's on you to actually debate what I write instead of talking about yield curves without even knowing how they are used.

 

i have provided specific eg of why some co are gonna increase spending (FB, Twtr, Googl, and those not affected by trade war) countering your claim that co are decreasing spending.

it is on your to adjust your claim accordingly.

 

Dude, an example of one or three companies increasing spend is not evidence. Don't be childish here.

 

Big difference. Staples was worried about a small difference in profit. HD was worried about surviving as a company without their European sales