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bostonangler

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About bostonangler

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  1. What a pathetic last ditch effort this opinion piece is to save face... They are stealing votes... Oh no another conspiracy theory! To funny. Why isn't someone stealing votes when the right wins? Why did gerrymandering districts to their advantage fail? Why are Q's fans giving up? What will the next tweet be, "consumer prices are going up because George Soros is paying off the corporations?" Why is it, Trump supporters will never admit he has made a bad move? Why is it Trump supporters love everyone he hires until he fires them and suddenly they were never any good to start with? Whoever the last Trump supporter is, be sure to turn the light out... B/A
  2. bostonangler

    Do you support the caravans!

    As it should be... The border patrol doing their job. Not some scare tactic by the president in order to get people to vote. Of course his little scheme didn't work. So now he is on to something new "Voters changing costumes to vote". Do you believe that too? What next, aliens are going to steal our DNA and vote against him? LOL A con man is only as good as his pigeon. B/A
  3. bostonangler

    Trump's trade war is economic suicide

    Automaker groups warn U.S. tariffs will undermine new NAFTA deal WASHINGTON (Reuters) - U.S. automakers and parts suppliers on Thursday urged the Trump administration to end steel and aluminum tariffs on Mexico and Canada and warned that potential U.S. national security tariffs on automotive imports would lead to widespread job losses. In testimony at a U.S. International Trade Commission hearing on the deal to replace the North American Free Trade Agreement, several automotive trade groups said automotive side letters to the agreement indicated that imposition of such tariffs were inevitable. And the failure of the new U.S.-Mexico-Canada Agreement (USMCA) to lift steel and aluminum tariffs have also cost the industry billions of dollars and trade turmoil in general has paralyzed investment decisions, they said. "The current state of play on trade has placed our industry in turmoil. In the last year our members have faced section 232 steel and aluminum tariffs, other Section 232 tariffs proposed, and Section 301 tariffs on goods from China," said Ann Wilson senior vice president of government affairs at the Motor and Equipment Manufacturers Association. The Trump administration is considering recommendations from the Commerce Department on whether to impose tariffs on national security grounds under Section 232 of the Trade Expansion Act of 1962. No decisions have been made, but President Donald Trump has frequently threatened to impose 25 percent tariffs on autos and parts to pressure the European Union and Japan to make trade concessions to the United States. "If implemented, increased auto tariffs would not only undermine the potential success of the USMCA, they would also pose a material threat to the economy and may result in the loss of as many as 700,000 jobs across the U.S.," said Jennifer Thomas, vice president of government affairs for the Alliance of Automobile Manufacturers. John Bozzella, president of the Association of Global Automakers, which represents foreign brand automakers with U.S. plants, said the USMCA's inclusion of duty-free import quotas for Mexico and Canada in the event such tariffs are imposed suggests that it is a "foregone conclusion" that Trump will impose them. "The threat of additional tariffs on autos and auto parts under the section 232 investigation that Commerce is conducting hangs like a sword over our industry and complicates any assessment of the USMCA," Bozzella said. "In our view, there is no credible justification for the idea that automotive imports threaten our national security – in fact, the growth of international automakers in the United States during the past quarter century proves otherwise." DETROIT VS FOREIGN BRANDS There also was a divergence of views among domestic and foreign automakers on the overall benefits of the USMCA agreement, which requires autos to have 75 percent regional content and at least 40 percent from the United States or Canada. Bozzella expressed concern that the "many layered" content requirements would hurt automakers' competitiveness by requiring "unnecessary" supply chain shifts and investment in compliance. Matt Blunt, president of the American Automotive Policy Council, which represents Detroit automakers General Motors, Ford and Fiat Chrysler described the trade deal as "workable" for these companies which have larger U.S. manufacturing footprints than their competitors. He said it would not require massive manufacturing and supply chain changes immediately, but over time, automakers would need to consider changes in where they build cars and major components. "While the new rules will present some challenges for our industry, we believe the (Trump) administration included sufficient flexibilities that will help our automakers remain competitive while they successfully transition to the new, more stringent rules of origin included in the USMCA," Blunt said. Blunt estimated, however, that higher steel and aluminum costs due to tariffs mean that it costs about $400 more to produce a vehicle in the United States than it does to make them elsewhere with foreign metals. https://finance.yahoo.com/news/automaker-groups-warn-u-tariffs-undermine-nafta-deal-181301285--finance.html B/A
  4. bostonangler

    Trump's trade war is economic suicide

    Walmart is no fan of Trump's trade war with China It was an impressive third quarter for retail giant Walmart, with one caveat. President Donald Trump’s yawning trade war with China could crimp the retailer’s bottom line in 2019. “Tariffs are not positive for the economy,” Walmart Chief Financial Officer Brett Biggs told Yahoo Finance on a media call Thursday. “Prices [for consumers] will go up.” Biggs said the company is looking at taking action should higher tariff rates go into effect in January. The Trump administration enacted 10% tariffs on $200 billion worth of Chinese goods on Sept. 24. On Jan. 1, 2019, the rates will increase to 25%. Most retailers see their fourth quarters end in January. So for a global retailer such as Walmart, which sources a good number of products from China — and does business in the country — higher tariff rates could quickly hit profits. Walmart (WMT) operates 426 retail stores in China. By some estimates, Walmart sources more than $49 billion in goods from China a year. Walmart shares dropped about 2% on Thursday’s session. While investors temporarily lock in on Walmart’s tariff exposure, they are ignoring a retailer with considerable momentum into the critical holiday shopping season. The world’s largest retailer said Thursday that third-quarter earnings came in at $1.08 a share adjusted, beating analyst forecasts of $1.01. Total revenue clocked in at $124.89 billion versus forecasts for $125.55 billion. Walmart lifted its full-year U.S. same-store sales guidance to “at least” 3% from “about” 3% previously. Earnings are now seen in a range of $4.75 to $4.85 a share compared to $4.65 to $4.80. Walmart saw strong sales gains at its two key U.S. businesses. Walmart’s U.S. same-store sales, a key retail industry metric, rose 3.4%. Sam’s Club, which tends to skew toward a higher income customer, notched a 3.2% same-store sales increase. The division’s e-commerce sales gained 32%. The momentum suggests that Walmart could navigate higher tariffs better than most despite Wall Street fears. https://finance.yahoo.com/news/walmart-no-fan-trumps-trade-war-china-171636314.html Well I guess Wal-Mart is out for Trump supporters... B/A
  5. bostonangler

    Goose/Gander

    I had to laugh when I saw this... These people are all insane. B/A
  6. bostonangler

    DOW futures

    The DOW just cracked 25,000... This is looking to be the correction we've been warned about. B/A
  7. bostonangler

    HOT - HOT -HOT

    Maybe you got the ruby because you didn't mention TNT, a blue couch, the global reset, any time or date or any flight instructions from Okie. I don't know I'm just guessing. Of course it could be people just don't like dentists!!! B/A
  8. You might find this interesting on both sides. It is certainly balanced and non-partisan. https://www.citizensforethics.org/press-release/crew-releases-fourth-annual-most-corrupt-members-of-congress-report/ I am from Boston area, but have lived in Tennessee for over 20 years... I'm not sure what is conflicting, unless you don't believe Trump is a politician. B/A
  9. I'm familiar with the swamp... My state just voted Marsha Blackburn into the Senate, after being voted one of the most corrupt politicians during her 16 years in D.C. And Trump supported her... Geeez. It's always party before America for all these politicians. B/A
  10. I do agree if the Banksters get control it will become accepted... And like the markets, they will drive it down so they can buy all they want before they let it go back up... That's one reason I'm waiting for a low entry point. I don't think we are there yet. B/A
  11. Everyday this week when they whine about election fraud... Have you noticed they don't claim election fraud when they win? Heck they even spent the last few years gerrymandering the voting districts and they are still whining and losing.... Bunch of snowflakes!!! LOL B/A
  12. It's a generational thing for sure... AZ is like FL, filled with retired people who are passing on. The scary thing is the millennials I know couldn't run a donut shop never mind our country and future. LOL B/A
  13. Did you neg me for posting a news article? I've always said I don't really understand how bitcoin is valued outside of what people are willing to pay for it. I don't see what backs it... But I do think it has a lot more to drop. To me it is a gamble, like the stock market in general, but I might buy some at $2,000. What really kills me is that a friend told me to buy it when it was $300... Duh!!! B/A
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