Category Archives: Trade

Brexit Wins!

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While the Democrats continue with their self immolation via an impeachment hoax the likes of which have never been seen in the history of this country, Boris Johnson has cruised to a conservative victory in the UK that has not been seen in the lifetimes of most people there.  The Labour Party is expected to lose 71 seats, their worst performance in modern history.  This will enable a swifter exit from the EU for the UK.

The Brexit Circus has exposed in detail the full extent of the devious workings of the globalists and their fellow travellers and their blatant contempt for democracy and the wishes of the people. It has peeled back layer by layer the darkly flawed construct that is the EU.  Communism has been stopped in Great Britain.  This is a massive pushback against globalism and leftist lunacy.

The vote has clearly justified PDJT’s confidence that Boris Johnson “would be okay” when the vote came.  Nigel Farage tweeted,

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What Recession?

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The Democrats and their pals in the lame stream media continue to insist that the economy is headed into a recession based on some spurious signal from the bond markets.  They insist this is the direct result of PDJT’s economic policies.  Now I would agree that the signal in the bond market that lasted about an hour a couple of weeks ago is the result of government policies, just not ours.  Central banks overseas caused the effect when they continued to affirm negative interest rates and when foreign governments continued to devalue their currencies in relation to the US.

So how is the economy doing?  Last week U.S. economic data included the Labor Department’s report on initial filings for unemployment benefits that continue to be at historically low levels.  No state was triggered “on” the Extended Benefits program during the week ending August 31.   Insured unemployment benefits are at low levels not seen in many decades.

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Has CNBC Lost Their Minds?

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Back in May, Goldman-Sachs came out and claimed that American businesses and consumers were bearing the full cost of the Chinese tariffs.  This is funny in so many ways.  If this were truly the situation, why are Chinese companies (and others) opening up plants in the US now?   If this were the case, why are companies changing their supply lines away from China?

Let’s remember Goldman Sachs is a premier investment firm who controls assets in the tens of billions.  Back in May, Goldman clearly did not believe that PDJT would follow through on more tariffs.   They really just didn’t believe a U.S. President would ever go into a full economic confrontation with China.  In this Goldman probably represents the majority opinion of the Wall Street ‘multinational’ community at that time.

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Brexit To Go Forward?

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After a week that saw the British Parliament vote against the British people and the British government but for the unelected bureaucrats in Brussels, it appears that Boris Johnson may have been playing rope-a-dope with his opposition.

Brexit is the exit of the UK from the EU.  The British people had voted for this a few years ago despite massive ad spending by multi-nationals and others to prevent it.  Johnson was elected because the British people were tired of the constant stalling that was going on.  October 31 was the latest deadline of multiple extensions previously agreed to by former PM Theresa May.  If no deal was reached, then a so-called no-deal exit would take place.

The EU will never agree to any exit deal.  They do not want an exit.  Such an action would probably embolden a few other countries to consider the same move.  The EU is top-down control over most of Europe by unelected bureaucrats.  The EU is fighting to prevent their own extinction.  Such extinction is probably inevitable based on current circumstances.

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Brexit

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There has been an interesting development on the other side of “the pond” which is the English way of referring to the Atlantic Ocean.  For more than two years the British government under Theresa May had been trying to come up with a plan to exit the European Union (EU). Most of this action under Theresa May appears to have been a stalling action.  The pols hoped that at some point the British would lose interest and the fact that the voting population had spoken out in favor of leaving the EU would disappear into history.

The fact that the Brits had voted for Brexit was as surprising as PDJT winning the Presidency here.  The polls had all shown that Brexit would go down to defeat.  Supposedly there was little chance it would pass.  The polls were wrong again.

Stalling eventually cost Theresa May her job.  The people were not happy that the UK was still in the EU.  Boris Johnson’s Party achieved a majority around the idea that he would complete the process including, if needed, a “no-deal” Brexit.

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Why Is Biden Running?

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Joe Biden criticizes Trump’s Iran strategy as a self-inflicted disaster while his opponents take advantage of Biden’s own gaffes.

As we all know, Joe Biden is running for President.  Why?  The Democrats appear to be pinning their hopes on someone whose mental acuity appears to be substantially diminished from what it was just a few years ago.  And Biden had problems then.  Biden actually appears to be less mentally agile than Robert Mueller when Mueller appeared before Congress recently.  And Mueller appeared lost at times during those hearings. What the Democrats accomplished during those hearings was to disgrace a man in front of the whole country.  What are they trying to accomplish with Biden? ... 

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The Panda Mask

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Over the weekend Chinese “lead” negotiator Liu He said China sought “calm” negotiations and opposed any escalation in the ongoing trade war..

“We are willing to solve the problem through consultation and cooperation with a calm attitude.  We firmly oppose the escalation of the trade war.”

Liu He noted that the trade war is not conducive to China, the U.S. and the interests of people all over the world.

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MAGAnomics

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PDJT negativism has changed.  The Russian Collusion Hoax is officially dead.  The use of this hoax to undermine the Trump Presidency has failed, spectacularly so at times.  One can tell the hoax is done because the MSM and Wall Street have switched gears and are now trying to talk the American public into a recession.  They know that, if they can succeed at this, then there might be a chance that a Democrat, any Democrat, someone who they could control, could win the Presidency in 2020.

This past week the pundits at the MSM were screaming about “an inverted yield curve” that they said foretold an impending recession.  According to them it had not happened since 2007 right before the beginning of the Great Recession.  Of course, this was a lie since this had happened last year and no recession has appeared on the horizon.  Wall Street took note of the screaming and promptly lost 800 points.

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Eureka!

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Eureka!  An economic analyst who understands what is actually happening!  This embedded video with Mohamed El-Erian accurately explains what is going on economically around the world.  As Sundance at CTH, who has been saying this since PDJT took office, notes,

Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street).  Charles Payne understands most of this, but El-Erian has it nailed.

Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed.  Thus there’s a disconnect and accompanying market volatility.

This is well worth watching because this is the first well-regarded financial pundit that is speaking truth to Wall Street in terms the panel pundits will understand/accept.

There is an interesting slam of the Obama policies by the host at the 6:08 mark.  Are more and more people coming around to the fact that Obama’s presidency was a disaster?

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The Sky Is Falling!

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The sky is falling!  The sky is falling!  These are the ridiculous proclamations of the MSM because the yield curve has turned negative.  That’s where long-term bond rates (returns on investment) are lower than short-term rates (returns).

The yield on the Treasury’s benchmark 10-year note fell to 1.59% Wednesday afternoon. Earlier in the day it had briefly traded below the return on the Treasury’s 2-year note, something investors haven’t seen since June 2007. That spooked the equity markets, with the S&P 500 Index down by more than 3%.

Financial pundits in the MSM led by CNN immediately called for a US recession. They pointed to the fact that China’s industrial production grew at the slowest rate in 17 years in July while Germany’s economic output actually shrank slightly in the second quarter.

Let’s look at the bigger picture from the 30,000 foot level.  One has to start with the idea that, in economics, there is something known as supply and demand.  This idea is economics 101 and has been intentionally overlooked by the MSM financial “experts.”

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