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bostonangler

Trump's trade war is economic suicide

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China trade war drags consumer sentiment down to the lowest level in four years

Consumer sentiment index falls to 89.8, lowest level since 2016

The numbers: A measure of how Americans view the strength of the economy fell to the lowest level in almost four years, reflecting growing worries about the U.S. trade war with China that’s led to higher and higher tariffs.

The final consumer sentiment survey fell to 89.8 in August from an early estimate of 92.3 and a 98.4 reading in July, the University of Michigan said Friday.

MW-HQ496_UMCSEN_20190830124653_MG.png?uu

 

It’s the lowest mark since October 2016. Just a year and a half ago, the index hit 101.4 to mark the highest level since 2004.

What happened: The sharp decline in consumer sentiment stemmed from increasingly negative views of the one-third of respondents that brought up the tariffs on their own. They worry the dispute will increase inflation, reduce incomes and raise unemployment.

Many Americans still don’t appear to be fazed by the trade fight, however. Another closely followed measure of attitudes known as consumer confidence remained near an 19-high in August.

Part of the divergence reflects differences in the surveys. The confidence index tracks more closely with how Americans view their own job security and the strength of the labor market.

 

From that standpoint, the economy is doing pretty good. Layoffs and unemployment are near a 50-year low, incomes are rising and jobs are still plentiful. That’s been enough to extend a more than 10-year-old economic expansion and keep the U.S. out of recession.

Read: Consumer spending surges in July, but low inflation paves way for Fed to cut rates

The sentiment survey, on the other hand, tends to reflect how Americans view the economy more broadly, including the health of the financial markets. Stocks fell sharply in early August after the trade war with China heated up, though some of the losses have since been recovered.

Read: Democrats back $15 minimum wage to draw 2020 election battle lines

Big picture: So far the storm clouds precipitated by the trade war with China have not dented consumer confidence enough to threaten the economy, but analysts are watching closely. The sentiment survey certainly adds to the worries.

What they are saying? “Trump’s tariff policies have been subject to repeated reversals amid threats of higher future tariffs. Such tactics may have some merit in negotiations with China, but they act to increase uncertainty and diminish consumer spending at home,” said Richard Curtin, chief economist of the sentiment survey.

Market reaction: The Dow Jones Industrial Average DJIA, +0.18% and the S&P 500 index SPX, +0.04% turned lower in Friday trades. Stocks had surged on Thursday after China said it would hold off a response to the latest increase in U.S. tariffs.

The 10-year Treasury yield TMUBMUSD10Y, +1.85% edged up to 1.52%.

https://www.marketwatch.com/story/china-trade-war-drags-consumer-sentiment-down-to-the-lowest-level-in-four-years-2019-08-30?siteid=yhoof2&yptr=yahoo

 

Two more years of this guy and there won't be an America... What a business schmuck.

B/A

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5 hours ago, bostonangler said:

 

Umbertino don't be offended by these sad people. They mean no harm they are like the people who watch reality TV... The are looking for someone who has it worse than they do. They find joy in it. How could someone be happy when you know in your heart you support system" rel="">support an ongoing train wreck?

 

B/A

 

Thanks B/A...You're totally on it as usual...Sorry for the 2 negs the above ( sensible and reasonable) post got you, my Friend.....

 

I'm out of pluses right now ( just for a change...)...Will get back at ya later when I get  re-loaded.....

 

Best

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5 hours ago, ladyGrace'sDaddy said:

No One is telling you to stop posting but I would like to suggest something,why don't you stop being so sensitive and  complaining all the time about how everybody is attacking you. Nobody is attacking you in the real intelligent world it's called debating back and forth not attacking.

 

LGD....With all the due respect.....

 

If (hypothetically) you yourself would get negged on almost every post you write  here (non only political but also or esp non-political,even though I know you rarely ,if at all,  post non political stuff....I say it just to emphasize the absurdity and hate of it all)

 

Would you still deem that  "Nobody is attacking me in the real intelligent world it's called debating back and forth not attacking." ???? even if it's sort of every day mode? 

 

You state that's "debating back and forth" ...Really??? Via rubies ( in a  one-way only mode, as I never neg anybody as my own rule of thumb) ???

 

Allow me to have some doubts

 

Sorry and best

Edited by umbertino

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16 minutes ago, umbertino said:

Would you still deem that  "Nobody is attacking me in the real intelligent world it's called debating back and forth not attacking." ???? even if it's sort of every day mode?

Yes I would still say the same thing. B/A gives me rubies daily and you never see me complaining. 

Giving rubies is part of the debate in that it's an expression of strong disagreement with the post. 

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Just now, ladyGrace'sDaddy said:

Yes I would still say the same thing. B/A gives me rubies daily and you never see me complaining. 

Giving rubies is part of the debate in that it's an expression of strong disagreement with the post. 

 

That's not true... I do not give you rubies daily... I rarely give in to temptation...LOL

 

B/A

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Just now, bostonangler said:

 

That's not true... I do not give you rubies daily... I rarely give in to temptation...LOL

 

B/A

LOL, I do bring out the best of people. 

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2 minutes ago, ladyGrace'sDaddy said:

Yes I would still say the same thing. B/A gives me rubies daily and you never see me complaining. 

Giving rubies is part of the debate in that it's an expression of strong disagreement with the post. 

 

Thanks for your reply...But....Rubies and Emeralds don't bring a name tag on them...How can you now who is negging you? Unless the plusser / negger is coming out and tell you?

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8 minutes ago, umbertino said:

 

Thanks for your reply...But....Rubies and Emeralds don't bring a name tag on them...How can you now who is negging you? Unless the plusser / negger is coming out and tell you?

Simple, look down and see who's on the page with you. 

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16 minutes ago, ladyGrace'sDaddy said:

LOL, I do bring out the best of people. 

 

 

Well, some here do the same to me ( I'm fundamentally a good, normal person...I know some are hysterically laughing as they're reading this...) They are able to get the worst out of me..Evidently some of these folks know how to push the "right" buttons with me either by negging  and also through posting heavy stuff against me......

 

I sincerely admit that I am surprised myself at times in re-reading some replies I choose to write to some folks here...In other times I would have never done that... I would have swallowed the attacking BS and my pride without responding ever....I'd have chosen silence .....But time ( plus tiredness and frustration) may change people....

 

True I'm human ( who isn't)...And since I don't ever neg but only plus...I have to release my pent-up rage and emotion some negs and posts provoke in me sometimes...So I react by writing/ responding to my anonymous ( except one so far) attackers...That's my way ( right or wrong)

Edited by umbertino

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That’s one way to know who is negging you.  I stumbled onto another way to find out who is negging us the other day.  

Here is the deal, some people take it personally when they shouldn’t.  Maybe you deserved your Reds.  I wrote a bad post one day in haste and I received 10 Reds.  I deserved them.  

 

If if you are going to constantly post things that irritate people ( and some of you do it on purpose) then you may get Reds.  If you pee into the wind you’re probably going to get blow back.  You can post your agenda, no one is stopping you, but many times if we respond your response is not very friendly.  

 

Here is a thought, if you don’t want Reds stop acting like you are the only one who has an opinion.  Crying about your mistreatment, and your sore balls, and getting eaten alive makes some give you more Reds just to see if you are going to cry some more.  If you can’t stand the heat maybe try another website suited to your agenda.  

 

Umbertino, I’m not your negger but I know who it is and I probably know why he does it.  I never negged your 9000 music vids, or your recent Liberal slanted posts.  If you hate this post fine, go ahead and neg it, but I’m truly getting tired of your victim routine.  

BTW, did you ever give me the Greens you said you owed me.  Haha, probably not. 

 

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I forgot to mention in the last post.  I’ve had you on ignore for the past week.  You and 2 of your Leftist buddies.  It was a beautiful week.  I took you off today and read a number of your posts.  Some were very interesting and I liked them and gave you some greens. The ones that irritated me I just ignored and moved to another one.  One last thing my Italian friend, I do not hate you or anyone on this website.  I think sometimes you read into a post anger or hatred that was really written in a joking manner.  I said it last week and I will say it again. Lighten up and don’t be so paranoid that everyone is out to get you.  My phone number is listed, feel free to call me if you have a major problem.  

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1 hour ago, Pitcher said:

I do not hate you or anyone on this website.

 

:twothumbs: Well Said, Pitcher, AND The Very Best Of Your Weekend To You!!! :tiphat:

 

It is the whining AND crying ALL day LONG about HOW BAD AMERICA IS AND The True The United States Of America Patriot President Donald J Trump THEE "alternate" "crowd" AND "keyboard" "combatants" "feel" THEY "need" TO "display" THEIR "cognitions" "embedded" IN THEIR "respective" "safe" "spaces" IN FULL "view".

 

:facepalm3:   :facepalm3:   :facepalm3:

 

THEY "cry", "WHY, pray tell, DO I get ANY "down" "votes"???"???!!!

 

:facepalm3:   :facepalm3:   :facepalm3:

 

In Reality AND Principle IT IS ALL ABOUT THE PRINCIPLES AND BACKING THE ONES OPERATING ON THE PRINCIPLES OF THEE four (4) Textual Cornerstones.

 

THEE "keyboard" "combatants" JUST "think" (misnomer, of course) ANY Free (vulgar) Speech AND Free (vulgar) Expression OF THEIR'S IS "just" OK BECAUSE THEY "say" "so".

 

:facepalm3:   :facepalm3:   :facepalm3:

 

Yes, Yes, Yes, I have THEE "keyboard" "combatants" ON "ignore" AND support True The United States Of America Patriots UNDER "ATTACK" BY THEE "keyboard" "combatants".

 

A   Attempting

T   To

T   Totally

A   Altercate

C   Constitutional

K   Knowledge

 

Good Choice, Pitcher!!! :twothumbs:   :twothumbs:   :twothumbs:

 

There is NO "common" "ground" OFF THEE four (4) Textual Cornerstones SINCE Adherence TO THEE four (4) Textual Cornerstones IS WHAT MADE America Great AND KEEPS America Great. ALL "else" IS A "drop" "off" INTO THEE "abyss" OF "moral" AND "social" CHAOS.

 

THEE "keyboard" "combatants" find "other" "principles" "superior" TO THEE four (4) Textual Cornerstones AND "mouth" "off" WITH THEIR "self" "styled" Free (vulgar) Speech AND Free (vulgar) Expression DAILY AND FREQUENTLY.

 

Dr. Spock 101.

 

:facepalm3:   :facepalm3:   :facepalm3:

 

THEE "keyboard" "combatants" "threaten" "acting" "out" IF NOT LEFT TO SAY AND DO AS THEY PLEASE WITH THEIR "self" "styled" Free (vulgar) Speech AND Free (vulgar) Expression REGARDLESS OF THE CONSEQUENCES TO THEMSELVES AND OTHERS.

 

:shakehead:   :shakehead:   :shakehead:

 

True The United States Of America Patriots STAND ON AND LIVE OUT THEE four (4) Textual Cornerstones AND GET THE SIX OF OTHERS WHO DO THE SAME.

 

:salute:   :salute:   :salute:

 

Cry Babies NEED to go BACK HOME to "daddy" AND "mommy" AND GET THE UPBRINGING THEY MISSED AND SO DESPERATELY NEED WITHOUT Dr. Spock!!!

 

:bravo:   :bravo:   :bravo:

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Synopsis, I would like it if we could all debate our opposing sides without all the acrimony, name calling, sarcastic, arrogant, I’m right you aren’t, button pushing, talking points from TV shows, political posts that basically just ticks everyone off without any real understanding.  

I’m not so sure it will ever happen on this site much like I’m afraid it won’t in our country.  Both sides are dug in and no one wants to budge or give an inch.  

 

 

 

 

 

 

 

 

 

 

 

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21 minutes ago, Pitcher said:

I would like it if we could all debate our opposing sides

 

:twothumbs: I VERY Much Agree, Pitcher, AND ALL The Very Best!!! :tiphat:

 

From my late teens until my late 20s I REALLY thought it was a matter of discussion to bring out the Real AND Tractable "common" "means" OF "agreement". What I realized is THAT just isn't so. THEE "real" "issue" is about Core Values AND Sentiments. I immediately gravitated toward is the REAL basis for the Core Values from whence I identified the four (4) Textual Cornerstones. THEE "conflict" IS "opposing" "views" ON THEE VALIDITY OF APPLICATION OF THEE four (4) Textual Cornerstones. Historically, WITHOUT EXCEPTION, THEE Health AND Integrity OF Personal Well Being AND Peaceable Relations IS BASED ON Adherence TO THEE four (4) Textual Cornerstones.

 

SO........................................................................................................

 

I Tell IT Likie IT REALLY IS.

 

Over the years, I've seen things go REALLY "down" THEE "tubes" DUE TO THEE Dr. Spock "poster" "children" WITH THEIR, "BUT IT REALLY IS ALL ABOUT ME!!!" "behaviors".

 

:facepalm3:   :facepalm3:   :facepalm3:

 

Iya as A True The United States Of America Patriot AM NOT GOING TO SIT IDLY BY AND BE SILENCED BY THEIR Free (vulgar) Speech AND Free (vulgar) Expression. THAT is NOT WHAT THEE True The United States Of America Laid To Rest Fought AND Died FOR. I CAN NOT DISHONOR THEM BY REFUSING TO TAKE UP THE FIGHT FOR Reason And Common Sense AND Decency Based On THEE four (4) Textual Cornerstones AS A MEASURE OF THEIR Sacred Honor THEY DIED FOR.

 

I have shared some of my graphical representations earlier illustrating the basic ties and concepts. I do NOT want to bore folks with monologues and diatribes beating the dead horse of stupidity of the Saul Alinsky "useful" "idiots" AT EVERY NECESSARY OPPORTUNITY SO I GET THE SIX OF True The United States Of America Patriots UNDER "ATTACK"!!!

 

So, again, to Be HONEST, THERE IS NO RESPECT AND ACKNOWLEDGEMENT OF Reason AND Common Sense AND Decency FROM THEE Elitist / Socialist / Liberal / Leftist / Progressive / Fascist / Nazist / Communist / Race Baiter / Whack Jobs THAT ONLY WANT TO BE LEFT TO ADVANCE THEIR AGENDA ON "agreement" TO "allow" THEM TO "facilitate" BECAUSE "they" "know" "best" "about" "how" TO "govern" ME AND USE Free (vulgar) Speech AND Free (vulgar) Expression IN AN ATTEMPT TO MOCK AND SILENCE ME AND ALL OTHER True The United States Of America Patriots.

 

:shakehead:   :shakehead:   :shakehead:

 

SO.........................................................................................................

 

One SIMPLY takes THEIR "agenda" AND PLAY THEM LIKE AN 'LECTROCUTED KANGAROO IN A RUBBER ROOM LIKIE The True The United States Of America Patriot President Donald J Trump IS DOING WITH THE LAMESTREAM FAKE MEDIA AND THEE Elitist / Socialist / Liberal / Leftist / Progressive / Fascist / Nazist / Communist / Race Baiter / Whack Jobs.

 

Yeah, yeah, yeah, YOU Can HEAR THEM CRYING, "BUT THAT IS OUR AGENDA AND YOU CAN NOT DO THAT!!!"!!!

 

:facepalm3:   :facepalm3:   :facepalm3:

 

 :lmao:     :lmao:     :lmao:

 

SO.........................................................................................................

 

As Ye Olde Saying Goes, "What Is GOOD For The Nut Job Is GOOD For The Nut Cracker!!!"!!!

- Synopsis

 

AND

 

Most People ARE Great Fun. ALL One NEEDS To Do Is Find Out What Makes THEM Tick AND Get THEM Wound Up. NO Tellin' What THEY WILL Say Or Do Or For HOW LONG OR How MUCH Fun One Can REALLY Have.

- Synopsis

 

ALL based on Good Principles IN THEE four (4) Textual Cornerstones, of course!!!

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18 hours ago, bostonangler said:

Two more years of this guy and there won't be an America... What a business schmuck.

BaaaHaaa that was the last administration. When Trump complete his duly elected duty of 8 years, maybe all the Never Trumpers  will have pack a bag an move if they don't like it...or drown in all those tears from crying day in day out for 8 years...:lol:

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7 hours ago, yota691 said:

BaaaHaaa that was the last administration. When Trump complete his duly elected duty of 8 years, maybe all the Never Trumpers  will have pack a bag an move if they don't like it...or drown in all those tears from crying day in day out for 8 years...:lol:

 

Amen!!

I’m still recovering from Obummer GIVING AWAY OUR COUNTRY,. INCLUDING URANIUM.  :shrug:

Heck, him & Mike should have stuck to rubbing fuzzies with Elmo. It looks like Sesame Street is turning out to be the left wing graveyard for has-beens. .There’s more Adam’s-apples on that show than you can shake a stick at.   😂

 

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18 hours ago, ladyGrace'sDaddy said:

LOL, I do bring out the best of people. 

 

 

 

Lol...Reminds me of the Blues Brothers ( RIP John Belushi)..." We're on a Mission from God"

 

Great movie

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12 hours ago, Pitcher said:

That’s one way to know who is negging you.  I stumbled onto another way to find out who is negging us the other day.  

Here is the deal, some people take it personally when they shouldn’t.  Maybe you deserved your Reds.  I wrote a bad post one day in haste and I received 10 Reds.  I deserved them.  

 

If if you are going to constantly post things that irritate people ( and some of you do it on purpose) then you may get Reds.  If you pee into the wind you’re probably going to get blow back.  You can post your agenda, no one is stopping you, but many times if we respond your response is not very friendly.  

 

Here is a thought, if you don’t want Reds stop acting like you are the only one who has an opinion.  Crying about your mistreatment, and your sore balls, and getting eaten alive makes some give you more Reds just to see if you are going to cry some more.  If you can’t stand the heat maybe try another website suited to your agenda.  

 

Umbertino, I’m not your negger but I know who it is and I probably know why he does it.  I never negged your 9000 music vids, or your recent Liberal slanted posts.  If you hate this post fine, go ahead and neg it, but I’m truly getting tired of your victim routine.  

BTW, did you ever give me the Greens you said you owed me.  Haha, probably not. 

 

 

You're off my ignore list...I tried to tell/explain the whole thing better ( so I won't repeat it here) in the Music section ( America band thread) following your post there

 

 

Have a gret weekend

Edited by umbertino

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18 hours ago, ladyGrace'sDaddy said:

Simple, look down and see who's on the page with you. 

 

 

Oh....That's why.....Since ( most of ) my neggers know there's a huge time difference between Italy and the US (in that I'm 6 hrs. ahead of NYC, 7 ahead of Chicago, 8 ahead of Denver and 9 ahead of LA)  so they simply calculate the night hrs. when I'm sleeping and they hit hidingly at those times so I never get to see who they are...Ok...Got it

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8 hours ago, yota691 said:

BaaaHaaa that was the last administration. When Trump complete his duly elected duty of 8 years, maybe all the Never Trumpers  will have pack a bag an move if they don't like it...or drown in all those tears from crying day in day out for 8 years...:lol:

I think by the time Trump's done EVERYONE will see things in a different light. 

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37 minutes ago, ladyGrace'sDaddy said:

think by the time Trump's done EVERYONE will see things in a different light. 

 

Especially if the DOJ does its job and starts indicting the traitors in the FBI and CIA

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1 minute ago, Pitcher said:

 

Especially if the DOJ does its job and starts indicting the traitors in the FBI and CIA

Starting with Comey, who bar just cut loose. Whats up with that!😵

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They have a bigger and better case on him.  He’s not off the hook. They are letting him squirm and using him as bait to get others to come forward to tell what they know.  You can clearly see the different styles at work here. The Mueller Investigation was all about force, intimidation, and big headlines.  The Barr Investigation is more about building an ironclad case.  Comey is in big trouble.  I wouldn’t be surprised if he doesn’t turn and rat everyone out that was involved in the Coup attempt.  

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Umbertino, did you get any Reds from your Music vids? No one is out to get you. If you get a Red it’s probably someone who didn’t like your content.  Don’t let that bother you. There are hundreds of people on this site and there will be differences of opinion.  Some choose to not ignore your post or debate it.  It’s just simply their way of saying I disagree.  

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