World economy talk

[uls]

I've been saying the global economy is slowing down (except the US)

So the Fed keeps raising interest rates believing the US economy is strong enough to absorb higher rates

The Fed recently acknowledged that growth is slowing abroad

But as long as the US economy is doing fine, the Fed will keep raising rates UNTIL SOMETHING BREAKS

i said the US isn't immune... everything's interconnected

Something has broken in the US

i believe there will still be a rate hike next month

but going into 2019 the Fed will be more cautious

[uls]

for those hoping US stocks to rally

just hope liquidity comes back

...and we're gonna find out tonight

[Monseratto]

US-China trade war has begun.

https://www.washingtonpost.com/ampht...?noredirect=on

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[uls]

US-China trade war has begun.

https://www.washingtonpost.com/ampht...?noredirect=on

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[uls]

[Monseratto]

Though I agree with Trump punishing the Mainlanders for forcing US manufacturers to handover intellectual properties and technology rights so they can do business in that country.


But American producers, greedy as they are, with no longer having to worry against price competition...

Local newspapers across the heartland are full of similar tales of value destruction and lost income as a result of Trump trade war tweetism. In Great Lakes states, traditional steel makers might benefit from the administration’s 25 percent tariff on foreign steel. But for steel users, it’s an entirely different story. Shortly after tariffs were announced, steel suppliers, no longer as fearful of price competition, began jacking up prices — they’re no fools. That has meant a 40 percent increase since January in the cost of steel for their customers who use it in their finished products, according to the U.S. Chamber of Commerce. They can either pass that increase on to you or be less profitable.

The story is the same with aluminum: Brewers are forecasting that they’ll pay $347.7 million more for aluminum cans. That has small craft-beer makers such as Melvin Brewing in Alpine, Wyo., which packages 75 percent of its products in cans, fretting about impending prices rises and the risks of passing them along to consumers. Try not to be bitter about it.

Opinion | Chinese Tariffs Are Already Hitting Trump Voters - The New York Times

[uls]

US top export to China are agricultural products

#1 is soybeans

https://www.bloomberg.com/news/artic...-soybeans-corn

Trade tensions between the U.S. and China ratcheted higher after the Asian nation said it will follow through on plans to levy tariffs on a range of American farm goods including soybeans and corn

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2 years ago the US government lifted a 40-year ban on crude oil export

coz of the shale revolution the US produces so much oil they became an exporter

and just when China became to biggest buyer of US crude oil

a trade war happens

[uls]

commodities prices retreating

should reduce inflationary pressure




but PHP is weak so...

[baludoy]

^ how would this trade war really affect us?

do what you gotta do so you can do what you wanna do

[Monseratto]

Dow sinks 362 points... Wiping out all gains for 2018....

https://www.marketwatch.com/story/do...-up-2018-06-19

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[Monseratto]

Nasdaq vs Shanghai...


U.S. Beating China in Trade Fallout, at Least in Equity Markets - Bloomberg

[uls]

Nasdaq vs Shanghai...


U.S. Beating China in Trade Fallout, at Least in Equity Markets - Bloomberg

China can't go tit-for-tat with the US on trade war coz the US is the one with the trade deficit

there are more China exports the US can tax than US exports China can tax

[Walter]

... the U.S. knows China is in a volatile debt bubble ... a little more pricking and it's going burst ...

[Monseratto]

And guess who'll have to pay for that..

U.S. Commerce Dept probing steel 'profiteering' after tariffs | Reuters

[Monseratto]

Dow starts the week in the negative. US companies contemplating of moving some production out of Trumplandia to avoid tariffs for Made in USA products.

Harley-Davidson will move some production out of US after retaliatory tariffs

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[dreamur]

Dow starts the week in the negative. US companies contemplating of moving some production out of Trumplandia to avoid tariffs for Made in USA products.

Harley-Davidson will move some production out of US after retaliatory tariffs

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Sinabi mo pa. Nasdaq just dropped 2%. Now losing from both from PSE and NYSE.

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[Monseratto]

I guess many don't believe that bullying your trading partners will get what you want. Idiot expects others to pay EU tariffs that will hurt their bottom line.

[Monseratto]

Stocks suffer worst day in weeks as Trump’s trade threats rattle; Dow ends below key level - MarketWatch

Investor Fear Gauge...

The Cboe Volatility Index soared 25% to 17.29.

[Monseratto]

Didn't take long for the supreme idiot to threaten Harley for their lack faith ...


Trump threatens Harley-Davidson with 'big tax' if they leave US - Business Insider

[dreamur]

GLOBAL-MARKETS-Global stocks, oil rise on U.S. pressure to snub Iranian crude

reuters.com · 6/27/2018, 5:07:58 AM

Rising shares of energy and technology companies helped global stock markets regain ground on Tuesday, a day after a mounting trade fight pummeled equities, while oil surged more than 2 percent as Washington lobbied against Iranian crude imports.
Wall Street closed higher, aided in part by energy shares that soared after a senior U.S. State Department official said Washington was telling its allies to stop importing Iranian crude oil.
"Yes, we are asking them to go to zero," the official said when asked if the United States was pushing allies, including China and India, to cut oil imports to zero by November.



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