Trade War Has Killed 300,000 Jobs And Cost Americans Over $1.6 Billion

Trade War Has Killed 300,000 Jobs And Cost Americans Over $1.6 Billion By Mac Slavo The trade war has so far killed off about 300,000 jobs and cost Americans about $1.6 billion in tariffs. The taxes are driving up prices and businesses are cutting workers to make ends meet in the face of rising costs. There will be no winner in this trade war, and already the United States looks a lot like the loser. Casualties are coming in the form of farm bankruptcies and lost jobs, not to mention…

Read More

Bank of America Warning: The “Big Top Is Coming Down”

Bank of America Warning: The “Big Top Is Coming Down” By Mac Slavo A Bank of America strategist is warning that we should enjoy 2019 right now, while we still can.  A note led by top strategist Michael Hartnett says investors will have to grapple with the long-running bull market as it limps into 2020 because the “big top is coming down.” “We are bullish on risk assets in 2019 as bearish investor sentiment and the irrationality of central banks and bond markets allow an ‘overshoot’ in credit and equity…

Read More

Stocks Plunge After Trump Lashes Out at China, Vows to Retaliate “This Afternoon”

Stocks Plunge After Trump Lashes Out at China, Vows to Retaliate “This Afternoon” By Tyler Durden Anyone who was hoping for a quiet end to the week is currently having a panic attack, as first China announced new tariffs on the US, then Powell’s J-Hole speech came and went, and then, as we expected, Trump responded to China’s trade war escalation when in a barrage of 4 tweets he lashed out at Beijing, saying, “We don’t need China and, frankly, would be far better off without them“, and ordered “Our…

Read More

Farmers Hit Back as USDA Chief Mocks Those Harmed by Trade War as “Whiners”

Farmers Hit Back as USDA Chief Mocks Those Harmed by Trade War as “Whiners” By Jake Johnson Farmers facing record bankruptcies and collapsing incomes due to President Donald Trump’s escalating trade war with China were not amused by U.S. Agriculture Secretary Sonny Perdue’s joke about their economic pain during an event in Minnesota last week. “I had a farmer tell me this in Pennsylvania,” Perdue told an audience of thousands of farmers gathered in a barn near Morgan, Minnesota. “What do you call two farmers in a basement? A whine cellar.” Some…

Read More

Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble

Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble By Tyler Durden Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods. Meanwhile, resorting to its old, tired and worn out tricks, Dow…

Read More

Railroad CEO: This Economy Is The “Most Puzzling” In My 40-Year Career

Railroad CEO: This Economy Is The “Most Puzzling” In My 40-Year Career By Mac Slavo Railroad CEO James Foote says that the behavior of this economy is the “most puzzling” he’s seen in his 40-year career in the railroad industry. “The present economic backdrop is one of the most puzzling I have experienced in my career,” Foote told Wall Street analysts on a conference call Tuesday evening. “Both global and U.S. economic conditions had been unusual this year, to say the least, and have impacted our volumes. You see it…

Read More

The Trade War Is About To Become An Economic World War III

The Trade War Is About To Become An Economic World War III By Brandon Smith For many years I have examined how wars of all types have been used by the money elite to distract the masses and maintain a certain level of influence over social and political systems. But war is not only a useful tool for keeping the status quo. Some wars, particularly world wars, are often catalyzed and exploited by those with a globalist agenda as a way to change the way civilizations function and think. The…

Read More

Perfect Storm Brewing for Price Inflation

Perfect Storm Brewing for Price Inflation By Clint Siegner A “perfect storm” is brewing for Midwestern farmers. Unending rains have led to the flooding of tens of millions of acres of farmland. The deluge comes on the heels of years of low crop prices. It has the makings of an agriculture disaster on a scale never seen before. The nation may see a “perfect storm” in terms of food inflation. Prices for some farm commodities figure to be a lot higher in the months ahead as markets adjust to dramatically…

Read More

China Puts U.S. Soybean Farmers On Alert, Bans Import Of U.S. Grown Soybeans

China Puts U.S. Soybean Farmers On Alert, Bans Import Of U.S. Grown Soybeans By Mac Slavo China is responding to the United States’ trade war by banning the import of soybeans grown by U.S. farmers into the Communist country. American farmers have been officially warned that they and the American consumer will suffer under this trade war and fare much worse than the Chinese government. Russian soybeans will replace those previously supplied by the U.S. to China. China boosted the import of American soybeans as a goodwill gesture when the…

Read More

China Says That There Will NEVER Be A Trade Deal Until The U.S. Agrees To Their Demands

China Says That There Will NEVER Be A Trade Deal Until The U.S. Agrees To Their Demands By Michael Snyder Unless someone backs down in a major way, this trade war is going to last for a very long time, and the Chinese have made it exceedingly clear that they are never going to back down on the core issues.  So that means that the only way out is for President Trump to back down, and with an election looming in 2020, his advisers are telling him that now is…

Read More