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Stagflation Arrives On US Factory Floor
Bad news. More of it.
The marquee gauge of US factory activity flashed a hodgepodge of warning sign
Cracks turn into crevasses, fall into one and you’re lucky to get out alive.
Lousy economic data just released. Trade wars go into overdrive tomorrow (Smoot-Hawley 2). And yet, U.S. equity markets are up this morning. What’s driving the optimism? I’m confused…
When will Americans finally figure out that we must live in the whole world and we cannot run it. That is not our right. We can’t take stuff that doesn’t belong to us (Greenland, Canada) any more. If we try that we will no longer be the US. None of our financial investments will retain value. No one will do business with us. President Carter tried to weaponize agricultural trade with the US when was the POTUS. It proved to be a very bad idea. We made Australia, Argentina, and Brazil into formidable competitors and cost our farmers billions. It took decades for us to be trusted again. Now we’re going whole hog into global trade war. If we don’t reverse this foolishness by fall we will be fully doomed. The only good thing that can come from this is the destruction of the GOP. I’ve noticed something interesting behavior since the election. Trump doesn’t go outside much. No big rallies. No long foreign trips. He sends Musk and even that is getting soft pedaled. GOP town halls are also on the decline.
If Canada becomes the 51st state, the GOP will never again (at least in my lifetime) control the House.
I agree completely. I don’t understand why more ‘experts, pundits and politicians’ aren’t beating that drum. We barely survived our relationship with our ‘friends’ during Trump 1. I figured we got cut some slack because most figured he was an aberration. Unfortunately, now everyone knows it’s not so. After being kicked and spit on there will be many bent on revenge. If our economy goes into a tailspin we’ll find ourselves friendless.