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Doodley

(11,880 posts)

3. "Dotard won't let a trade war with China happen." There is a trade war.

Reply to NewsCenter28 (Original post)

Thu Aug 22, 2019, 08:35 PM

Aug 2019

US exports to China are down 31% Foreign investment in US is also down by a similar percentage. Farmers are going bust. Steel is suffering.

Meanwhile, borrowing is soaring to pay for the tax cuts. It is ONLY because of the growing deficit that the economy is growing at all.

Global demand is slowing, as leading economies slow or teeter around zero growth/recession. We are very near recession.

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We are nowhere near a recession. [View all] NewsCenter28 Aug 2019 OP

K&R agree. Kurt V. Aug 2019 #1

I wouldn't bet on a recession. MarvinGardens Aug 2019 #2

"Dotard won't let a trade war with China happen." There is a trade war. Doodley Aug 2019 #3

I think it would be more prudent to plan for one Red Mountain Aug 2019 #4

Trump isn't playing 4D chess. John Fante Aug 2019 #5

Exactly. After publicly protesting that Denmark won't sell Greenland, nobody should give Trump Doodley Aug 2019 #6

This is what I said about it weeks ago. Solomon Aug 2019 #7

Which but don't you like? Doodley Aug 2019 #19

It was just reported this week that the number of jobs created was corrected downward... brush Aug 2019 #8

Also, the Fed reported that companies have started delaying investments. Blue_true Aug 2019 #10

A 'recession dashboard' from Credit Suisse indicates the economy is nowhere near a recession Celerity Aug 2019 #9

In mid 2007, analysts said the same thing. The economy was strong, no worries. Blue_true Aug 2019 #11

That dashboard completely ignores the reality we are in with Doodley Aug 2019 #14

fair point, I guess we will find out soon enough Celerity Aug 2019 #15

Overpriced high stocks sell off OkSustainAg Aug 2019 #12

"The Dow is stable. " A HERETIC I AM Aug 2019 #13

+1. Never forget, Dow was ALSO used to predict a "quick Iraq war" ck4829 Aug 2019 #18

I'm not comfortable with relying on a recession to get this maniac out... Oregon1947 Aug 2019 #16

"Despite the strong economy" ck4829 Aug 2019 #17