American Manufacturing Sector Is Already in a Recession.
Did you know that the manufacturing sector of the U.S. economy was already in a recession? Manufacturing fell at a 2.2% rate in the second quarter after a 1.9% drop…
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Category: China
In one of his dumbest tweets yet, Trump again shows he knows zero about the economy
How did this wee-brained little man ever graduate from high school, much less Wharton? Betraying his profound ignorance of how the global economy works, Trump tweeted this bland bit of…
Scary images from China as its military appears poised to move against Hong Kong
First, the fraught situation in Hong Kong this morning, from the AP: One of the world’s busiest airports canceled all flights after thousands of pro-democracy demonstrators crowded into Hong Kong’s…
Farmers confront Trump's ag secretary: 'We are not doing great again'
Apparently, the metric shit-ton of manure Donald Trump spread over the Midwest while running for president has not materially improved the outlook for the region’s farmers. They’re worried, anxious, and…
North Dakota farmer: Trump 'took away all of our markets'
As the trade war limps along exactly as you’d expect a policy launched by a failed casino owner would, real people are taking it on the chin. One of those…
Trump admits trade war could drag on past 2020 election
Donald Trump said today that he believes China may seek to delay trade negotiations until after the 2020 election in the hope that the country could negotiate with another president a…
Polls say Michigan voters hate Trump's trade policies … a lot
Winning Michigan is vital to Donald Trump’s hopes in 2020. In fact, the Midwest as a whole is key to his reelection strategy. So it’s notable that his quixotic, high-profile…
Wall Street analysts: Trump's Mexico tariffs will undermine China trade negotiations
Trump’s decision to slap new tariffs on Mexico until Mexico stops airdropping Mexicans onto American strawberry fields and dairy farms will have serious unintended consequences, according to several Wall Street analysts.…