I’m old enough to remember when all the Smart Countries were warning that Trump’s trade tariffs would sink the US economy.
27 Replies to “Unexpectedly”
The idiots should be begging the UK to accept better deal. All they need to do is lose the British market. Also the days of countries screwing the US on trade is done, at least until globalist Democrats hold power.
Is this why Germany is so desperate to keep Great Britain in the EU?
In other words, Germany doesn’t want to lose a large group of their customers or their customers will be quite able to walk away from them and turn to the United States more?
My impression is that both Germany and France were fighting Brexit, because the UK was helping prop up the economic portion of the Union. Without the UK the chances of overall failure increase.
I still remember that when the EU started it was GER, FR and UK that were footing the bill for the most part. I can’t recall if there were any other major players at that time, it’s nearly 20 years gone by now.
There’s also the problem of precedent, where if the UK succeeds others may follow. Once the UK goes…
UK is the second largest contributor of funds by far.
Recessions don’t happen because of a lack of customers. There’s always customers. It’s a necessary process to restructure capital.
Europe has to go this way, at least much of western Europe.
(SEE: REAP, SOW)
Maybe the near murder of AfD leader Frank Magnitz is the sign of unrest in Germany? Just a thought.
Based only on my personal history, recessions happen every 7-10 years. Canada, the US, Europe, Asia – all developed countries are now at the 11 year mark. We are all overdue for a recession. The way to survive them is to cut back all personal spending, and ask yourself – “is this a need or only a want”? It is sad that governments want to ramp up their spending during recessions. Since he took office, Prime Minister Justin Trudeau and the Liberal Party of Canada have added $ 144 Billion to the National Debt. We are so “hooped” as a country.
I’m almost old enough to remember my Mother Jones-reading hardcore-leftist next-door neighbor … gloat … that the EU would provide the template for worldwide Socialist governance. Lucky for him, he committed suicide before he could see BREXIT or the election of PDJT … let alone the insolvency of half the EU Nations.
If only the rest of UnMes followed his example…
Two IMHO’s (“in my humble opinions”) that might relate:
1) Trump would be entirely within his rights, and crazy-like-a-fox, to cancel all trade agreements. They’ve all been written to one object – the U.S. is the CUSTOMER, and we have to dodge their import duties so we can sell Americans CHEAP STUFF. This is real good for us – higher employment, foreign exchange, friends in Congress who fund their election campaigns by skimming-off our profits – but it’s ultimately ruinous to the U.S. because it costs them employment, stable families and tax dollars. So stopping us dumping cheap stuff in the U.S. puts Americans back to work – which is what Trump campaigned-on. MAGA!
2) the Euro remains a noble-but-doomed experiment. The value-added to the Euro comes from hard-working northern industrial capitalists in Germany, the UK and France – but the EU’s southern border is lined with quasi-socialists lapping it up. The ultimate example is Greece, whose entry into the EU was organised by global banks and politicians who really should’ve known better – or did, and ignored common sense to snap-up “more Europe”. And every election (i.e., every six weeks), Greek pol’s pander to the voters by promising them more for less, which if they hadn’t joined the EU, would eventually bankrupt their country:
But though we had plenty of money, there was nothing our money could buy;
And the Gods of the Copybook Headings said “If you don’t work, you die.”
But a Greek euro is worth exactly as much as a German euro, so there’s no effective control on where the value-added gets wasted; and the entire EU slides down the tubes a little further each time the euro is debased like this.
What better time for a no-deal Brexit. The Germans enjoy a trade surplus with the UK and there’s a quaint expression that comes to mind, “the customer is always right”. The EU is collapsing despite the poseur left in the UK clinging to its bankrupt regulatory uber-state / immigration dystopian malaise. Germany will soon be in no mood to support Spain, Italy and Greece.
Die, Leviathan, die!
Tariffs are self-imposed sanctions, nothing more. They are not the key to unlocking the potential of an economy, but rather an attempt at shackling it. Not so long ago, measures like this were the stock and trade of socialists around the world. Unfortunately now we see vast numbers of conservatives embracing central planning through tariffs. Trump’s trade war has already sparked retaliation from the Chinese, with adverse consequences for American farmers in particular. The tariffs have raised the cost of raw material for the company I work for which is used to build farm equipment. Sales have fallen steeply as a result. As far as the issue of the German economy goes, its fall into recession is not something that should be taken cavalierly by anyone. This will not be contained within its borders.
So Americans should tolerate 25% tariffs on their exports while Chinese suffer 2.5% tariffs on their exports? The tariffs are are simply a bargaining position and China is starting to hurt so will be talking. The US will likely get an equitable deal using action. They would likely get butt humped with words alone.
Your use of the word “suffer” is appropriate. Tariffs are taxes levied on importers in a country that implements them. Which companies are the target of tariffs, and who thus must suffer, depends on their political connections. Tariffs add to their costs and thus impact their sales negatively.
– and the U.S. imports FAR, FAR more from China, than China does from the U.S. So this is a game the U.S. can afford to play for a whole lot longer than the Chinese can.
And a big problem with exporting anything to China, has always been finding something the Chinese want, that they’re prepared to pay for, and that they can’t make themselves at pennies on the importer’s dollar; not surprising when their daily wage is less than our hourly wage. Food, oil and high-tech are about all that match those criteria; and the U.S. has had very little luck stopping the Chinese stealing high tech, a whole lot of which is going into weapons the Chinese are now aiming at the U.S. and its allies. And that’s a major cause of all of this.
No it can’t. The tariff costs come down on US customers. US customers pay, and China can export elsewhere. The US accounts for less and less of the world economy.
“…and China can export elsewhere. ”
OMG what a fekcing idiot. If China could export elsewhere they already would. You think that their capacity is limited in a sense that they cannot fulfill demand in other markets because of sales to US? And even that was the case (which of course is not), the fact that they sell in US means that they choose to do because it is more profitable to them than selling elsewhere. Hence they are hurting.
Do everyone a favor, find an idling zero emission VW diesel and suck on the exhaust pipe pipe dip$hit.
” If China could export elsewhere they already would. ”
And they do. The US is accounting for less and less of China’s export market. It’s a big world.
So what does that have to do with anything? If China did not want to sell in US they would not. The reason they are selling in US is because they want to. Being prohibited from doing it hurts them. End of story. STFU and stop flapping your foul gums just to say something back.
Indeed. Bush revealed that conservatism’s intellectuals were hucksters, Trump revealed that it’s base was composed of peons and racists much as the left had crudely accused them of being for decades.
“hucksters” – “peons” – “racists”…
– Such sneering contempt, UnMe! You’re supposed to be preaching fairness, diversity and inclusiveness – are you SURE you’re a marxist Liberal troll?
See what happens when the gravy train stops… 6-8 Trillion USA funds spent in ME… Who do you think got all that money and bought EU goods?…..nice scam while it works…John Brennan has a Villa in Germany
“I’m old enough to remember when all the Smart Countries were warning that Trump’s trade tariffs would sink the US economy.”
They still are, because they will. There’s a reason the stock market went into a tizzy, and that tizzy is why we’re seeing Trump do his climbdown at the trade talks. It’s perversely kind of a good thing that his supporters are dumb as sh*t because he can claim anything as success and they’ll believe it. In this case he can just claim victory and end the trade war. Thanks stock market vigilantes!
All the “smart”, “expert” talking heads with PhDs in Economics and are lecturers at Ivy League schools (or their equivalent in Canada/UK)–ALL believe in Keynesian economics. That should tell you right there what morons they all are. Because, every single time Keynesian economics fails–they say “it wasn’t done right”…what other economic system do they say that about?
All economists of every stripe are against the tariffs. It’s the one thing they all agree on.
The idiots should be begging the UK to accept better deal. All they need to do is lose the British market. Also the days of countries screwing the US on trade is done, at least until globalist Democrats hold power.
Is this why Germany is so desperate to keep Great Britain in the EU?
In other words, Germany doesn’t want to lose a large group of their customers or their customers will be quite able to walk away from them and turn to the United States more?
My impression is that both Germany and France were fighting Brexit, because the UK was helping prop up the economic portion of the Union. Without the UK the chances of overall failure increase.
I still remember that when the EU started it was GER, FR and UK that were footing the bill for the most part. I can’t recall if there were any other major players at that time, it’s nearly 20 years gone by now.
There’s also the problem of precedent, where if the UK succeeds others may follow. Once the UK goes…
UK is the second largest contributor of funds by far.
Recessions don’t happen because of a lack of customers. There’s always customers. It’s a necessary process to restructure capital.
Europe has to go this way, at least much of western Europe.
(SEE: REAP, SOW)
Maybe the near murder of AfD leader Frank Magnitz is the sign of unrest in Germany? Just a thought.
Based only on my personal history, recessions happen every 7-10 years. Canada, the US, Europe, Asia – all developed countries are now at the 11 year mark. We are all overdue for a recession. The way to survive them is to cut back all personal spending, and ask yourself – “is this a need or only a want”? It is sad that governments want to ramp up their spending during recessions. Since he took office, Prime Minister Justin Trudeau and the Liberal Party of Canada have added $ 144 Billion to the National Debt. We are so “hooped” as a country.
I’m almost old enough to remember my Mother Jones-reading hardcore-leftist next-door neighbor … gloat … that the EU would provide the template for worldwide Socialist governance. Lucky for him, he committed suicide before he could see BREXIT or the election of PDJT … let alone the insolvency of half the EU Nations.
If only the rest of UnMes followed his example…
Two IMHO’s (“in my humble opinions”) that might relate:
1) Trump would be entirely within his rights, and crazy-like-a-fox, to cancel all trade agreements. They’ve all been written to one object – the U.S. is the CUSTOMER, and we have to dodge their import duties so we can sell Americans CHEAP STUFF. This is real good for us – higher employment, foreign exchange, friends in Congress who fund their election campaigns by skimming-off our profits – but it’s ultimately ruinous to the U.S. because it costs them employment, stable families and tax dollars. So stopping us dumping cheap stuff in the U.S. puts Americans back to work – which is what Trump campaigned-on. MAGA!
2) the Euro remains a noble-but-doomed experiment. The value-added to the Euro comes from hard-working northern industrial capitalists in Germany, the UK and France – but the EU’s southern border is lined with quasi-socialists lapping it up. The ultimate example is Greece, whose entry into the EU was organised by global banks and politicians who really should’ve known better – or did, and ignored common sense to snap-up “more Europe”. And every election (i.e., every six weeks), Greek pol’s pander to the voters by promising them more for less, which if they hadn’t joined the EU, would eventually bankrupt their country:
But though we had plenty of money, there was nothing our money could buy;
And the Gods of the Copybook Headings said “If you don’t work, you die.”
But a Greek euro is worth exactly as much as a German euro, so there’s no effective control on where the value-added gets wasted; and the entire EU slides down the tubes a little further each time the euro is debased like this.
What better time for a no-deal Brexit. The Germans enjoy a trade surplus with the UK and there’s a quaint expression that comes to mind, “the customer is always right”. The EU is collapsing despite the poseur left in the UK clinging to its bankrupt regulatory uber-state / immigration dystopian malaise. Germany will soon be in no mood to support Spain, Italy and Greece.
Die, Leviathan, die!
Tariffs are self-imposed sanctions, nothing more. They are not the key to unlocking the potential of an economy, but rather an attempt at shackling it. Not so long ago, measures like this were the stock and trade of socialists around the world. Unfortunately now we see vast numbers of conservatives embracing central planning through tariffs. Trump’s trade war has already sparked retaliation from the Chinese, with adverse consequences for American farmers in particular. The tariffs have raised the cost of raw material for the company I work for which is used to build farm equipment. Sales have fallen steeply as a result. As far as the issue of the German economy goes, its fall into recession is not something that should be taken cavalierly by anyone. This will not be contained within its borders.
So Americans should tolerate 25% tariffs on their exports while Chinese suffer 2.5% tariffs on their exports? The tariffs are are simply a bargaining position and China is starting to hurt so will be talking. The US will likely get an equitable deal using action. They would likely get butt humped with words alone.
Your use of the word “suffer” is appropriate. Tariffs are taxes levied on importers in a country that implements them. Which companies are the target of tariffs, and who thus must suffer, depends on their political connections. Tariffs add to their costs and thus impact their sales negatively.
– and the U.S. imports FAR, FAR more from China, than China does from the U.S. So this is a game the U.S. can afford to play for a whole lot longer than the Chinese can.
And a big problem with exporting anything to China, has always been finding something the Chinese want, that they’re prepared to pay for, and that they can’t make themselves at pennies on the importer’s dollar; not surprising when their daily wage is less than our hourly wage. Food, oil and high-tech are about all that match those criteria; and the U.S. has had very little luck stopping the Chinese stealing high tech, a whole lot of which is going into weapons the Chinese are now aiming at the U.S. and its allies. And that’s a major cause of all of this.
No it can’t. The tariff costs come down on US customers. US customers pay, and China can export elsewhere. The US accounts for less and less of the world economy.
“…and China can export elsewhere. ”
OMG what a fekcing idiot. If China could export elsewhere they already would. You think that their capacity is limited in a sense that they cannot fulfill demand in other markets because of sales to US? And even that was the case (which of course is not), the fact that they sell in US means that they choose to do because it is more profitable to them than selling elsewhere. Hence they are hurting.
Do everyone a favor, find an idling zero emission VW diesel and suck on the exhaust pipe pipe dip$hit.
” If China could export elsewhere they already would. ”
And they do. The US is accounting for less and less of China’s export market. It’s a big world.
So what does that have to do with anything? If China did not want to sell in US they would not. The reason they are selling in US is because they want to. Being prohibited from doing it hurts them. End of story. STFU and stop flapping your foul gums just to say something back.
Indeed. Bush revealed that conservatism’s intellectuals were hucksters, Trump revealed that it’s base was composed of peons and racists much as the left had crudely accused them of being for decades.
“hucksters” – “peons” – “racists”…
– Such sneering contempt, UnMe! You’re supposed to be preaching fairness, diversity and inclusiveness – are you SURE you’re a marxist Liberal troll?
See what happens when the gravy train stops… 6-8 Trillion USA funds spent in ME… Who do you think got all that money and bought EU goods?…..nice scam while it works…John Brennan has a Villa in Germany
“I’m old enough to remember when all the Smart Countries were warning that Trump’s trade tariffs would sink the US economy.”
They still are, because they will. There’s a reason the stock market went into a tizzy, and that tizzy is why we’re seeing Trump do his climbdown at the trade talks. It’s perversely kind of a good thing that his supporters are dumb as sh*t because he can claim anything as success and they’ll believe it. In this case he can just claim victory and end the trade war. Thanks stock market vigilantes!
All the “smart”, “expert” talking heads with PhDs in Economics and are lecturers at Ivy League schools (or their equivalent in Canada/UK)–ALL believe in Keynesian economics. That should tell you right there what morons they all are. Because, every single time Keynesian economics fails–they say “it wasn’t done right”…what other economic system do they say that about?
All economists of every stripe are against the tariffs. It’s the one thing they all agree on.
Forget it, UnMe.