Trump has basically nuked the farmers... so watch them all vote him out.
Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
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Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#12My contacts in various parts of the manufacturing sector tell me they're already pulling back but keeping it quiet. Nobody wants to be the first to proclaim gloom and doom.
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#13The infographic shows 4 of Trump's swing states with job gains vs. 3 with job losses. My US geography isn't perfect, but it looks like losses vs. gains across states are pretty equal. I read the whole article, they don't do a great job backing up their thesis, instead using anecdotes. > His advisers argue that the blame for any slowdown rests with a Federal Reserve that last year hiked interest rates too quickly and…
> They're not wrong.
They're not right, either. What's far more important for farmers and loan officers is a market for selling the product.
Normally it's sort of silly to point a finger at the president for larger market trends, but if ever culpability for market trends could be laid at a president's feet, it'd be for something exactly like a poorly executed trade war. On the other hand, the market has been on a nearly 10 year run. Some sort of slowdown was inevitable.
The real story is that the tax cuts did squat to help the economy, and instead resulted in extraordinary deficits, precisely as predicated by everybody whose professional credibility was on the line.
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#14I want nothing more than for Trump to get unseated, but it amazes me how people pin the entirety of the economy's ebbs and flows on whoever was most recently president. Edit: the sitting president of course has influence on the big picture, but there are many other factors at play, some of which are inevitable
This president has had a lot of influence on the world economy with his erratic behavior towards China, the middle east, and even loyal trading partners in Europe. As a result, we're now in a trade war that nobody needed or wanted, there's a lot of uncertainty around Afghanistan, North Korea, and Iran, etc. This goes beyond the normal ebs and flows of the economy. If anything, it's amazing how resilient the world economy is against that all of that.
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#15My contacts in various parts of the manufacturing sector tell me they're already pulling back but keeping it quiet. Nobody wants to be the first to proclaim gloom and doom.
Similar situation over here in Germany. New orders have dropped greatly in some branches of the industry that I know about.
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#16Trump has basically nuked the farmers... so watch them all vote him out.
I wish that were more believable, but we're living in an extremely unbelievable timeline.
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#17I want nothing more than for Trump to get unseated, but it amazes me how people pin the entirety of the economy's ebbs and flows on whoever was most recently president. Edit: the sitting president of course has influence on the big picture, but there are many other factors at play, some of which are inevitable
Anecdote: I have seen my shares of stock dip by up to 5% because of his tweets.
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#18Economists have correctly predicted 5 out of the last 3 recessions.
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#19I want nothing more than for Trump to get unseated, but it amazes me how people pin the entirety of the economy's ebbs and flows on whoever was most recently president. Edit: the sitting president of course has influence on the big picture, but there are many other factors at play, some of which are inevitable
The state of the economy has a strong influence on presidential elections regardless of whether it actually makes sense as metric to judge a candidate
Re: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
#20My contacts in various parts of the manufacturing sector tell me they're already pulling back but keeping it quiet. Nobody wants to be the first to proclaim gloom and doom.
I have worked in several industries so I have a rather large network of contractor contacts and outsourcing services. I usually get a handful of cold requests and service offers per month, but this year my inbox has received that number of requests per week or even more. In a good economy these businesses can barely keep up with their workload, thus this probably means that things are cooling off. Asian businesses and companies that rely on them moreso due to the uncertainty of the tariffs and trade war. It feels very much like 2007-2008, although that may be subjective on my part.