MajorRewrite
Iffy
- Joined
- Mar 14, 2014
- Posts
- 9,467
The unsurprising correlation between union membership and income inequality.
The Economy
- Thread starter MajorRewrite
- Start date
heathrowinneo
Literotica Guru
- Joined
- Jun 1, 2006
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- 20,719
hmm it also lacks perspective in terms of cost. american steel is more expensive to produce. many that find the chart pretty and informative lack comparative and competitive advantage analysis
nowisthetime
The Time Is Now!
- Joined
- Jun 20, 2014
- Posts
- 12,159
He's ruined the economy, he can't do anything right but leech off people.
nowisthetime
The Time Is Now!
- Joined
- Jun 20, 2014
- Posts
- 12,159
Many millennials, Genz and to an extent Gen X are stuck in soul sucking jobs because the job market today is terrible. That's one thing that is literally not talked about. This demented delusional orange creature talking about "the economy is great". So out of touch.
Buffalogurl
Virgin
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- Jun 26, 2022
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Apparently China is dumping 680 billion dollars in treasures......
The Fed chairman is scheduled to make an emergency announcement at 10:50 est....
Film at 11....
The Fed chairman is scheduled to make an emergency announcement at 10:50 est....
Film at 11....
drobert44
Literotica Guru
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- Dec 4, 2020
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Sounds serious
ll74
Your Best Friend
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- Aug 22, 2013
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- 69,753
Our President gave China a gift.
RobDownSouth
February 17th
- Joined
- Apr 13, 2002
- Posts
- 79,448
Your message is garbled.
China is teaching Trump a lesson. It is dumping American long term treasury bonds onto the spot market, essentially saying "no reasonable offer refused".
China is winding down TO a level of 680 billion dollars held in American long term treasury bonds. They are NOT selling 680 billion in bonds.
They are taking the money they receive from selling these bonds and investing it in physical gold ingots, one of the few forms of value not subject to the whims of the Trump adminstration's scattershot tariff policies against China (i.e...."today we are announcing a 200% punative tarriff on...let's see....RAMEN NOODLES! and HULA HOOPs! and...um, PEANUT BUTTER!").
This helps to stabilize the Chinese economy in the short term, and also has the desired effect of crippling the American home mortgage market.....flooding treasuries on to the market means the US treasury must raise interest rates to make them appealing to investors (hedge funds mostly). High interest rates cripple home buying, driving more people out of the market who would rather defer buying a home than pay outlandish rates.
Just in time for the mid-term Congressional elections! Congress will pay the price for failing to reign in the demented out-of-control "emergency tariffs" that Trump placed.
Actions have consequences.
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