the dollar taking a shit right now on the back of depressed housing and manufacturing data

tax cut sugar high fading

Haven’t been around these parts in a hot minute. I’ve been traveling the great State of Texas and spending time with the family.

Just a friendly reminder Hillary Clinton deleted over 33,000 emails from a private server as Secretary of State AFTER a congressional subpoena......and Pelosi Vomit has the audacity to accuse President Donald TRUMP of a coverup......but she offers no evidence or proof???

That’s because Sick Nancy has no proof!!!

The Democrats are a house divided and will continue to crumble as we near the 2020 election.

Everyone have a great Holiday weekend. Headed to the lake for some boating, golfing and Red Sox at Astros = Go Stros!!!

$20 not getting Harriet Tubman portrait until 2028. Andrew Jackson, the only President ever to be an actual SLAVE DRIVER (not just an owner) will stay for a while, unless maybe we get rid of Trimp.

Trimp's imaginary police officer has had a great run with his 401K this year : :lol:



https://www.washingtonpost.com/polit...=.cce8eec1665f

"I don't do cover-ups."

LMFAO

king of involuntary comedy

the dotard is about to speak about farm aid

let’s count the lies...

hucksterism and paranoia plus cowboy drag

“these tariffs are paid for largely by china” lmao

dotardo

-

live dollar index swinging wildly but with downward trade, let’s see...

he insists on ethanol from corn lmao

boondoggle

“china is giving us billions” haaahaaaahaaaaaaaa

this is a sales tax on us

he lies like goebbels: biggly

now the dxy climbing back

...nope, lol

ok cya

Sarah Huckabee Sanders hasn’t held a press briefing in 72 days, but since then she’s appeared on Fox 12 times


suckabee:

https://www.businessinsider.com/sara...ng-room-2019-5

GOPper’s talking points on new forced birth laws. Innit sweet how chivalrous these gentlemen are to the poor little wimminfolk?

lmfao

Hate to agree with Kim, but John Bolton is exactly as described “ ignorant war monger, human defect”

the dotard keeps saying “we’re getting billions from china” (ah, goebbels...)

the imf begs to differ

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U.S., Chinese consumers ‘unequivocal losers' in trade war, IMF says
Tariffs paid 'almost entirely' by American importers: IMF study

Despite President Donald Trump’s assertion that America can “win” a trade war with China, a new analysis from the International Monetary Fund (IMF) makes clear there are losers on both sides of the Pacific.

Tensions remain high between the world’s two largest economies, as global markets grapple with a trade war that seems to have no end in sight.

Even as the president argues his offensive is meant to protect the U.S economy, IMF data shows that consumers in both countries are “unequivocally the losers” in a trade war.

“While the impact on global growth is relatively modest at this time, the latest escalation could significantly dent business and financial market sentiment, disrupt global supply chains, and jeopardize the projected recovery in global growth in 2019,” the fund wrote in a blog post.

“At the global level, the additional impact of the recently announced and envisaged new US-China tariffs, expected to extend to all trade between those countries, will subtract about 0.3 percent of global GDP in the short term, with half stemming from business and market confidence effects,” IMF economists added.

The fund’s data shows that most of the tariff revenue collected has been shouldered almost exclusively by U.S. importers. Some of those fees have been passed onto American consumers for goods like washing machines, while other companies have absorbed the costs, depressing margins.

Those costs could steepen if the U.S. levies additional tariffs on an extra $300 billion of Chinese goods.

“A further increase in tariffs will likely be similarly passed through to consumers,” the fund’s economists wrote. “While the direct effect on inflation may be small, it could lead to broader effects through an increase in the prices of domestic competitors.”

But the impact on producers isn’t as clear-cut, and may produce “some winners and many losers,” according to the note.

“Some US and Chinese producers of goods competing in domestic markets with imports affected by tariffs, as well as competing third country exporters, are potential winners.”

Still, producers from both countries affected by the tariffs, “as well as producers that use those goods as intermediate inputs, are potential losers,” according to the IMF.

Producers took a hit through trade diversion and also market segmentation, but also in market valuations, where companies with exposure to Chinese markets suffered losses.

Meanwhile, U.S. corporations with large exposure to China also saw their stocks fall sharply after China retaliated against the U.S.’s tariff action, IMF data showed.

If left unresolved, the IMF warned that ongoing tensions could disrupt global supply chains. Consumer goods could become less affordable, and harm low-income households disproportionately, the fund cautioned, during an already “delicate year” for the global economy.

https://finance.yahoo.com/news/us-ch...182559775.html

— — —

tl;dr: the dotard does not understand economics

Charlie Kirk tweet:



The Obama Administration:

Told Congress it wouldn't allow Iran access to our financial institutions

Issued Iran special access to our financial institutions

Pressured US banks to help Iran

Replace "Obama" with Trump and "Iran" with Russia

Imagine the outrage!!!

IMAGINE UNICORNS!