From CNBC:
Friday’s jobs report could eliminate market’s recession fears
Companies seem to have done a lot of hiring in March, and if Friday’s jobs report is as strong as expected, it could go a long way towards reducing speculation that a recession is coming and that the Fed will have to cut interest rates to stop it.
Like every jobs report, this one is important, but economists say even more so, after the stunningly weak February report, with just 20,000 jobs created. That data added to growing concerns this winter that the economy could tip into a recession sometime in the next year. But economists believe that report was an anomaly, and the real pace of job growth is closer to the consensus forecast for March of 180,000 payrolls.
Economists also expect an average hourly wage increase of 0.3 percent and an unchanged unemployment rate at 3.8 percent, when the report is released at 8:30 a.m. ET Friday, according to Refinitiv.
Wayne will still be undervalued and hot.
First
Should be a fascinating number!
“Presently, Trenton is an island of poverty in a sea of affluence”
https://www.insidernj.com/wrongheadedness-five-trenton-council-members-princetel-position/
BY JERELL BLAKELEY
In what can only be considered among the largest economic development blunders in Trenton’s recent history, five of my colleagues on Trenton’s City Council recently refused to even consider a development proposal from Princetel, a dynamic technology manufacturer of fiber inter-connect products. Princetel pledged to invest $4 million into an abandoned former Roebling factory and bring 400 jobs to the site.
Their decision has naturally drawn comparisons to the detractors of Amazon’s now withdrawn proposal to build a new campus in New York City. While I believe that reasonable people can disagree about the impact of the Amazon proposal, I am confident that this recent decision by five members of Trenton’s City Council may well make them the poster children of anti-business, anti-development, and anti-growth urban politicians. Contrary to their claims about procedural or process difficulties, their decision to reject this proposal out of hand, fundamentally stems from a misguided understanding and a fear of change and gentrification.
196k and prior month revised up to 33k.
3.8% ue
Jobs: +196,000
UE: 3.8 unch
Revision to last Month: +13,000
Good numbers, wage growth curious
. Average hourly wages for private-sector workers grew 3.2% from a year earlier.
Except for Musk
“Wall Street analysts say Tesla’s first-quarter deliveries were ‘substantially worse’ than expected”
https://www.nj.com/entertainment/2019/04/heres-the-bad-news-5-tax-experts-are-delivering-to-new-jersey-residents-plus-some-tips.html
“Overall, most people are paying less,” Kiely said. “People who were used to a certain level of tax refunds saw theirs to be lower. In some cases, much lower.”
“But people don’t think about how much they are paying, they only care about the size of their refunds,” he said.
Libturd,
Did you ever reconcile your tax return to last year? Was the effective rate better worse same?
Still haven’t finished. Plan to possibly today. Once I do, I certainly will share. Currently net $9,000 difference.
Liesman on CNBC said the economic expansion is because of Oblammy’s stimulus package. LMAO!
You are probably right about China. The same thing was said about Japan in the 80s. That the 21 century would be Japans…how that work out? Seems China will be up against the same obstacles as Japan with such a large elderly population to take care of along with massive debt.
Still, it would be a bad move to ignore China’s moves. That’s how you get blindsided and knocked out.
No One says:
April 4, 2019 at 5:03 pm
Pumpkin,
Ian Bremmer is more entertainer than analyst. That article had little insight. And definitely didn’t back up your claim that China was buying up key European infrastructure.
China and India are already ahead of the US in taking sh1ts. By at least 3x.
“Mr. Xi is convinced that the “China Model”—economic growth without political liberty—represents a superior alternative to liberal democracy, with applications far beyond China’s borders. He understands that China’s ability to mobilize vast amounts of capital for public purposes is a valuable tool for building global political influence. And now his country owns a tenth of Europe’s port capacity.
The U.S. has wasted 20 years. Finally we see the problem. Is it too late to solve it?”
https://www.wsj.com/articles/is-it-too-late-to-counter-chinas-rise-11554246370?emailToken=94054bc42d3fe5b3c3476546e88bd86bwi+PpdVX5BDYzGWiMcWrw1dOD4PU34BgheefjgprdJqnVZljWtCcmQvNP7wy1CB9THGp7qkUPaNNLkSyLVYy939uGZ15nkmVXopC6rYZPBc%3D&reflink=article_copyURL_share
I don’t know Gary. I saw some telling charts this morning. Hard to see a difference between the Obama economy and the Trump economy except that Trump wasn’t left with a flaming tire fire to put out to start his tenure.
http://www.crossingwallstreet.com/archives/2019/04/cws-market-review-april-5-2019.html/fredgraph04052019
Demographics and the unique position of the business cycle due to the great recession in combination with quantitative easing are responsible for this. That’s why this bull market has not had a recession and why it won’t till sometime in the second half of next decade. Nothing normal about this recovery in comparison to the past. Also, nothing normal about the coming boom that will be the best of our life. A lot of important factors lined up at the right damn time. Simple as that.
Fast Eddie says:
April 5, 2019 at 9:48 am
Liesman on CNBC said the economic expansion is because of Oblammy’s stimulus package. LMAO!
$3 million in fraudulent heating assistance claims. NJ AG Grewal too busy suing the Trump administration and gun manufacturers to be bothered.
https://www.njspotlight.com/stories/19/03/28/state-watchdog-agency-again-finds-fraud-in-heating-assistance-program/
The latest audit — based on an analysis of the state’s wage-reporting system and DCA’s energy assistance database — revealed that 6,868 of the more than 100,000 recipients may have underreported their income. Those households received $3 million in benefits, according to the audit.
Always taking things to the extreme and criticizing others for the same thing. You are an idiot. Simple as that.
The Great Pumpkin says:
April 4, 2019 at 2:59 pm
Pumpkinface,
So every private company is run efficiently. Just perfect, right? No private companies lose money or go bankrupt, right?
Lib,
Oblama had a blank canvas and the worst situation possible. We could have propped up a dead body and the recovery still would have happened. The $1 trillion dollar payout to cronies and lackies had nothing to do with a rebound. Liberals, the left, the dems or whatever that lunatics on that side are called know how to tax wealth, not create it.
I was simply trying to make a point that if corruption is a part of our lives. It has nothing to do with govt or private business. It has to do with us. We are the problem, not the govt or private business. It’s us. We are the source of corruption. Corruption in human starts young. Ever play a board game when you were young? How many kids had to cheat? How many kids bought a cheat application for their video games so that they can beat it? We are the problem.
The point of all this. You can’t solve corruption by privatizing it. They will do the same damn thing. Only honest businesses out there are small businesses. Once it gets big, it’s beyond corrupted. Unfortunately, big business is needed for big projects. Hence, there is nothing we can do about corruption. Can only contain it.
PumpkinFace says:
April 5, 2019 at 10:04 am
Always taking things to the extreme and criticizing others for the same thing. You are an idiot. Simple as that.
Small local govts are pretty much honest, just like small business. It’s big govt and big business where it’s impossible to prevent and can only be contained. Unfortunately, you need big business and big govt in order for our society to function.
10:14 every morning whenever I take a giant Shit I call it taking a Trump.
A yuuuuge Trump Duuuuump.
Tesla’s financial prospects are in the toilet, but you can’t short a cult
Ed,
For all the liberals who don’t know how to create wealth, there are many CEOs that fall into liberal category pushing the progressive agenda.
“Hard to see a difference between the Obama economy and the Trump economy except that Trump wasn’t left with a flaming tire fire to put out to start his tenure.”
or except that Obama started with lower ‘cost basis’…..two sides to the coin Lib…a lot easier to generate gains coming off a rapid contraction than keep it going in years 9+, no?
You seem to have a massive hard on for anything Trump….other than being an insufferable, race baiting, vacuous, intellectually bankrupt misogynist who clipped your SALT what did he ever do to you :)
WBA moves half a buck in the wrong direction for spread expiring today, everyone buying their own at Grim’s…will be going ‘lowbrow’ and hitting Other Half tomorrow instead for their can drop…
I enjoyed his tweet about Biden yesterday.
Left,
No, it is not. Print trillions, keep rates at historic lows, pump stock market, outsource political chaos and inflation..not hard for any US president. Once the true decision is made to bail whole thing out there is little any prez can do except not f it up. It goes beyond parties. When next one hits though..look out. The Fed bullets won’t be so big.
“Once the true decision is made to bail whole thing out there is little any prez can do except not f it up.”
My point exactly…Obama was the primary recipient of that largess, not the Orange One.
We’re nearly a decade out from the crisis, it’s rear view mirror.
Has Trump printed and pumped on his own…sure….but that is analogous to having ‘one for road’ after having already put away an entire bottle of Jack at the bar.
I’m not even convinced the president has much control over the economic cycle, so it’s more of a non-partisan comment than a pro Obama or pro Trump comment.
There are a lot of things Trump has done which aren’t great for the environment for example. Any moron could make the economy fly by removing certain environmental regulations. But you need to first question if it’s worth the collateral damage.
Same could be said for his tariff games.
You know, what’s really sad about Trump and I probably shouldn’t let it influence my overall view of the man. But his economic policies might be very smart and highly productive, but I have a very hard time not owing it to his dumb luck as he continues to make fun of the disabled or calling lifetime professionals with playground nicknames. It’s simply impossible for me to make the two jive. And you all know I don’t play those, look how many vacation days, or look how he is abusing Air Force One games. Those types of issues are for the tabloid loving morons among us. He IS PT BARNUM, and he fights tooth and nail to hide any and all evidence that would prove this. And his followers are OK with his complete lack of transparency. Sorry. I simply do not trust him nor do I take his bait.
I see him almost exactly as I see Mr. Musk.
Obama – Quantitative Easing and lowering interest rates
Trump – Quantitative Tightening and rising interest rates
Numbers during Trump’s Administrative happen in spite of the above.
Essex,
I understand you feel emasculated since your wife is the breadwinner but don’t blame men who overcome obstacles and continuously find the will to fight.
What would be the reverse dummy.
You would have wanted Obama to Tighten the pursestrings and raise interest rates?
And you think Pumpkin says some dumb stuff?
Nothing personal, but that was the dumbest post made here in a very long time.
Wow, just wow. At the time of the great recession, weren’t conservatives yelling and screaming about how Obama and the fed would crash the economy with this plan? They wanted austerity, not spending. They claimed spending was to blame and would further crash the economy. Then a couple of years later, they had a hard on for govt debt, almost crashing our economy by shutting down the govt of debt. Really can’t make this stuff up after their current tax cut blew up our debt levels.
How fast we forget and act like the saving of our economy was a simple plan and a given. Not the case, this ship was sinking hard. Give credit where it is due, Obama did a hell of a job. If you can’t see this, you are ignorant. The economy is on it’s longest boom period ever and you write it off as nothing. Anyone could have done this, right? Laughing my a$$ off…
leftwing says:
April 5, 2019 at 10:59 am
“Hard to see a difference between the Obama economy and the Trump economy except that Trump wasn’t left with a flaming tire fire to put out to start his tenure.”
or except that Obama started with lower ‘cost basis’…..two sides to the coin Lib…a lot easier to generate gains coming off a rapid contraction than keep it going in years 9+, no?
11:28 sometimes you just have to sit back and ask yourself just how much your dignity is worth. What’s your number Gary?
His sleep number?
Obama had nothing to do with it. Much to Lib’s point that Trump isn’t really deserving credit for the recovery. The response to the collapse was Bernake, helicopter Ben who wasn’t even an Obama appointee. So if you agree of disagree with the response to the collapse, the politicians were not responsible they were taking the lead from the Fed chair.
you need a hug
Libturd, can’t say I didn’t warn you. says:
April 5, 2019 at 11:29 am
What would be the reverse dummy.
You would have wanted Obama to Tighten the pursestrings and raise interest rates?
And you think Pumpkin says some dumb stuff?
Nothing personal, but that was the dumbest post made here in a very long time.
If it was a hardcore conservative in the presidency, they would have went with their ideology and taken the austerity approach. They would have never let this plan by Bernake go through.
JCer says:
April 5, 2019 at 11:46 am
Obama had nothing to do with it. Much to Lib’s point that Trump isn’t really deserving credit for the recovery. The response to the collapse was Bernake, helicopter Ben who wasn’t even an Obama appointee. So if you agree of disagree with the response to the collapse, the politicians were not responsible they were taking the lead from the Fed chair.
Gas prices going up… Bush screwing us again!
..oohh..am I late on that one?
Lib, it most certainly is personal. You made it personal. You can’t insult someone and qualify it with that.
You’re problems with me are just not my problem.
Personal stings sometimes. But the truth also serves as a fulcrum like the one Gary hoists his wife’s ass into the air so he can slip his lethal lovevtool into her flappy catholic birth canal. Ever meet two people you wouldn’t want to f$ck? Tgat’s Be GRy and Candice.
You know D. It’s never personal with me since I love my enemies.
Though what does irk me, more than anything else, is intentional deception. Whether it be in marketing, among friends, in social media or even from my kids.
Because most people simply aren’t smart. And the smart ones should not make a habit out of deceiving those who aren’t.
I’ll leave it at that. Hug back atcha.
Essex,
What’s the frequency, Kenneth?
intentional deception
Condo listing I saw recently… description says 900 sqft, tax records say 650 sqft
Show me an economy that doesn’t need interest rates at 0% and quantitative easing to function. Then, I’ll be impressed.
Lol. Add reparations to the 2020 dnc platform.
Soci@lism.
Open borders.
Green new deal.
Infanticide.
Reparations.
Corruption…. and don’t be naive to think this has no impact on your life or our economy.
https://www.economist.com/business/2019/04/06/scandals-suggest-standards-have-slipped-in-corporate-america
From 2002, but making a point. Some things never change. See how private corruption almost took down our economy. Same sh!t, different day.
“WorldCom and financial markets
Another scandal, another scare”
https://www.economist.com/finance-and-economics/2002/06/27/another-scandal-another-scare
Finally found a hole in my workday. Will compare last year and this year’s taxes now. It better not be a lack of withholding from my Gator’s employer.
Austerity isn’t a possibility without reducing federal government spending by 30%. No politicians have the appetite to move forward on that. It’s not even on the table and never will be. That’s why the currency is ultimately doomed. Might as well make the best of it as you can. Shore up the borders, normalize trade, encourage American business to get factories up and running, and create a strong domestic infrastructure. Aside from fixing healthcare, that should be the primary goal of any administration.
Washington is too incompetent to do so.
Alright Joyce,
It’s still hard to compare my 2017 and 2018 taxes side by side since there are a lot of differences in how our income was derived. Last year, when D was sick, Gator was self-employed and really didn’t make a lot. So our wages were about 1/4 less. Yet somehow, our taxable income last year was closer to half of what it is this year. I’m thinking it was itemized reductions related to being self employed for a whole year. Because our total tax this year was 1/3rd more than last year. Now here’s the kicker. Our withholdings were higher last year than this year (which means, Gator must have put down 2 on her W4.) I’ll have her check shortly. Also, I gambled a sh1tload more in 2017 to the tune of $175K vs. $41K in W2Gs in 2018. But tax treatment (the ability to write off the losses against the winnings) has not changed on those. Though it did create a lopsided number of itemized deduction year over year.
Finally, and this is a small chunk more of the tax I think, is that I was forced to withdraw $10,000 from my ROTH IRA to pay for a part of some legal costs for the D. Even though that part does not include any gains, it still counts as income without any tax withholdings against it. It sucks to be asset rich and cash poor sometimes.
Nah, I just looked at Gator’s W2s and they are withholding the right amount. Could it all be the difference in what is deductible from being self employed? Our year over year comp was also incredibly tough to beat in that our effective tax rate in 2017 was incredibly low (juiced by the medical deductions of course).
This sh1t is hard to figure out when the tax forms look so different year over year.
Tax returns down -0.7% yoy last week, 70m+ returns processed.
It doesn’t include mine. Sarcasm D!
withdraw $10,000 from my ROTH IRA to pay for a part of some legal costs for the D. Even though that part does not include any gains, it still counts as income without any tax withholdings against it.
I thought one could withdraw contributions (not gains) from their Roth IRA without penalties, and since Roth’s are funded post-tax there it is not taxable income.
Doubt anyone cares, but have friend who has two front row club seats to Devils season tickets up for sale. If anyone is interested, lmk. Face value, no franchise fees, seats stay in his name. You get the playoffs. Can renew indefinitely.
Joyce,
Can’t withdraw early without tax. No penalty though.
I thought you were right originally, which is why I did it. But Turbo Tax seemed to tax me on it. Will need to look again. Just looked it up and I was right originally.
Looked again. Wasn’t taxed on it. Remember. I started these months ago.
Stock rally since election 2016 was not about Trump. It was about removing the Obama/Hillary regulatory overhang. Most people here are not involved in small business. In 2017, “small business” was energized by the idea that federal government was not actively trying to blame them for everything wrong in the country (i.e. white men).
“Wow, just wow. At the time of the great recession, weren’t conservatives yelling and screaming about how Obama and the fed would crash the economy with this plan? They wanted austerity, not spending. They claimed spending was to blame and would further crash the economy.”
You truly are the dumbest fcuk around….two days in a row…
No moron, everyone knew that if you have a financial liquidity crisis you….flood the market with liquidity. Economics 101, learned from the Great Depression, Bernanke ‘helicopter’ drop, etc, etc. Who was calling for austerity?
Re: yesterday and CEOs….yes, idiot, EVERY ceo is known to his Board, Company, and industry. Every single one. Absolutely no one would hire a senior client/public facing exec, let alone THE senior client/public facing exec of a corporation, without him having deep industry knowledge, contacts, and experience….
Let’s go to your hypothetical Board room….”Gentlemen, we need a new leader for our corporation. Here is Bob Smith. No one in the industry knows of him, and none of our 12 Board members are acquainted with him. All in favor say aye”.
Dumbass. As usual, you discovery the obvious equivalent of the sun rising in the east and proclaim yourself Einstein for doing so. Seriously, how does a man your age have a Marvel comic book understanding of the world around him?
“And his followers are OK with his complete lack of transparency.”
“Though what does irk me, more than anything else, is intentional deception.”
Not picking a fight Lib, just trying to reconcile the above. And as you know I like neither of these two individuals below. But which is the lesser of two evils? As I’ve stated for a while, I prefer someone looking me in the eye when they’re twisting the knife, rather than getting it in the back. There is no right or wrong here, just personal preference between two bad choices.
Trump: Multiple affairs while married, buried during his election by threats and money. Openly misogynistic, shameless about “grabbing them by the puzzy”.
Clinton: Multiple affairs while married, buried during his election by threats and money. Feels your pain, would “never have sex with that woman”. Then jams his c0ck into a 24 year old employee’s mouth while in the corner office with his wife and young daughter upstairs.
I actually believe Trump’s appeal to his base encompass both your points above. That is his willingness to say anything he feels, with no brain mouth filter, is effectively viewed by his base as both transparent and not deceptive. At the end of the day though, who cares. Six of one, half a dozen of another. They all suck.
Libturd,
I would just focus on total income and total taxes paid to compare effective tax rates year over year. That said, if you had enormous medical bills in only one of the two years, it will ruin the comparison. You could compare to previous years … or we could just drop the subject :-)
Tax talk. Finally something I feel I can contribute on. Here are the big differences affecting most NJ clients.
* SALT capped at 10k
* Standard deduction up to 24k for married
* Many more people getting the full child tax credit of 2k per
* Can no longer deduct investment advisory fees, accounting fees, etc… 2% deductions
* No more unreimbursed business expenses
* no more exemption deduction (people seem to forget this one)
* the tables shifted and withholding did too
All in all its a mixed bag in NJ depending on the taxpayers particulars. Retired widows living in the same house they raised their kids are really hurt.
Left,
Point to where Bill said he would date Chelsea and she had a great body. I think those Dumpy quotes are well known.
This is a great post from Jesse’s Cafe, is worth the read.
“I’m very pro-European, but I’m against the euro, so if I still lived in the UK I would have an interesting choice. Now if you look at Larry Elliott in The Guardian, he thinks he should vote for exit because this might be the existential crisis that blows up the euro. Now why would you want to blow up the Euro, because ‘that would be terrible etc. et cetera’. Because the long-term effect of the euro is going to be to drive Western European wages down to Eastern European levels in global competition for export share with the Chinese.
That’s one interpretation as to where this all goes. And that’s going to be fine for the Eastern Europeans coming up. It’s going to be great for very efficient exporters in the North. It’s going to be a disaster for France and parts of Italy, if not all, and certainly for Greece.
Now if you have a system in which one side runs a surplus and the other side cannot run a deficit because of the rules, the only thing the other side can do is permanently contract their economies to allow someone else to make money selling BMWs. I don’t see this ending well so perhaps it’s better to nip it in the bud when you’ve got the chance.”
Mark Blyth
While in some ways this analysis by Mark Blyth (and similarly by Thomas Frank) can be construed as an over-simplification. But on the other hand it represents an insight into a fundamental reality that is driving much of what we are witnessing today, a reality that seems inexplicable to the political class of both left and right.
The liberals blame the irresistible imperatives of globalization and technology, and the conservatives blame immigration and everyone who isn’t them or completely like them in outlook and customs.
Each has their own extreme prescriptions for the problems, many of which they have a part in causing, from free money gifted within the status quo structure, to debt serfdom for most except the few.
And both are tragically misplaced in their judgements, because they are caught in a credibility trap of their respective ideologies that have displaced fundamental morality, fairness, and goodness.
It is hard to tell which side is more reluctant to see the systemic forces which are at play, and where they are leading. Both are willfully blind at their core, taking refuge in contempt for others (cf. Hillary and Romney) and elaborately conceived condescension towards any form of dissent, even the mildest.
At the best of times the powerful will not listen, and at times like these most have joined them on either side to escape the pain of thinking. The decline and fall of a privileged class that is out of touch with the people, and the extremes committed by their enablers, are so common as to be a cliché of history.
So why bother even bringing it up at all? For the same reasons perhaps that groups like the White Rose and the early church wrote their pamphlets, in their respective times of general madness— to keep a light burning in the dark, for those who follow.
Hopefully our own situation will resolve well before we reach such an extreme disassociation of reason and power and justice.
I heard AOCs voice for the first time today. Omg, she sounds like a 7 year old. How cute. The face of the democrat party. 2020 is a lock for Trump!
4:46 totally. Just lie back and let it wash over you …
Just wait til they give AOC a US postage stamp…prolly sometime next year…
As long as Trump stays away from those cancer windmills, he has a good chance.
Nice work Dumpy. Once in awhile, you get it right but have to punish owners and not just illegal workers
“More than 280 employees of a north Texas telecommunication repair company were arrested by federal immigration officials in the largest work site operation in more than a decade, Immigration and Customs Enforcement said.”
“Point to where Bill said he would date Chelsea and she had a great body. I think those Dumpy quotes are well known.”
Ha. No such quotes exist because he wouldn’t.
Understand I am not one of Trump’s base but there many, 304 electoral votes worth….
Reiterating my point, supported by your view…part of the attraction of that base to Trump is again his ‘transparency’….meaning that he says what he (and his base) thinks, without filter. Regardless of how tasteless they are buying that candidness.
So yeah, when he says ‘my daughter is so hot I’d date her if I could’ is it fcuked up? You betcha. But it is also what any straight person with a Y chromosome thinks of his daughter as well. With all the faux candidate-matrons otherwised offered, he wins, regardless of how crude.
Bystander,
It’s a tad more than window dressing until the owners/officers of the company are held criminally accountable.
a narrative essay http://paperwritingservice.gdn/payforessay/lab-reports-examples.html essay writing in ielts
Last
AOC is on deck for the Nobel.
..and first…again
..pppsst.
Been in the eighties here in SW florida past two weeks. not bad not bad at all
damn got beat by a sniper
Oh well, that’s what happens when you procrastinate
Was just in FLL, heading back down again next week.
I hate Florida.
President Donald Trump said Saturday he had still not read special counsel Robert Mueller’s report, but doubled down that it concluded he wasn’t guilty of collusion or obstruction.
Mueller handed in the 400-page report on March 22, and Attorney General William Barr said in a summary released days later that “while this report does not conclude that the President committed a crime, it also does not exonerate him.”
Trump has stated several times that he hasn’t read the report, a version of which is expected to be released publicly this month.
Can you be guilty of obstructing an investigation into something you aren’t guilty of?
“Can you be guilty of obstructing an investigation into something you aren’t guilty of?”
Some believe that is exactly what they were hoping for…
I just figured out the whole Biden deal:
Biden needs to be taken out quickly by the Democrats otherwise the general election will boil down to…
The centrist with the great economy who maybe groped women in private 20 years ago
vs
The centrist who was 2nd banana in the previous lackluster economy who groped women in public 20 minutes ago
Can’t use a lot of #metoo muscle in that kind of election, right?
LOL!!!!!!!!!!!!!!!!!!!!!
The polls say the opposite, of course. Biden by a landslide!!!!!!!!!!
Hahahahahahahahahhahahahaahahhaahahahahaaa
https://www.realclearpolitics.com/epolls/2020/president/us/general_election_trump_vs_biden-6247.html
Ironically, if Biden could ever beat Trump…the end result would probably be 20 years of electoral dominance for the Republicans.
^^oh look a retawd^^
“Doubt anyone cares, but have friend who has two front row club seats to Devils season tickets up for sale. If anyone is interested, lmk. Face value, no franchise fees, seats stay in his name. You get the playoffs. Can renew indefinitely.”
In other words, the Devils s-u-c-k right now, and aren’t making the playoffs anytime soon, but wants to have the right to pull the tickets back the moment the team turns it all around. Whoever takes his deal is a sucker.
I wonder if JJ is now a Redskins fan.
Photo by Michael Vadon [CC BY 2.0], via Flickr
In January of 2018, the United States placed tariffs on washing machines and solar panels, beginning a trade war that continues to this day. Like many conventional wars, the trade war escalated. While the first round of tariffs only affected $10 billion dollars of imports, as the US and many of our trading partners engaged in tit-for-tat retaliation, the amount of trade covered by tariffs rose steadily. Using the pre-tariff import levels as a benchmark, the US is now imposing new tariffs on $283 billion of imports, and foreign countries have levied retaliatory duties on $121 billion of US exports.
President Trump justified US actions by tweeting “Trade wars are good, and easy to win.” As we pass the one-year anniversary of this tweet, it is obvious that trade wars are not easy to win quickly, but are they good? Economists have long know that trade wars can be good for some countries (at the expense of their trading partners) if a country can apply a tariff that induces exporters to substantially reduce their export prices in order to maintain their market access. For example, if the reaction of foreign solar panel makers to the new 30 percent US tariff were to drop their prices by 30 percent, the US could gain because the foreign producers of solar panels would absorb the full cost of the import tax thus leaving the landed prices of solar panels unaffected and filling the coffers of the treasury with the tariff revenues. If foreign exporters do not drop their prices, however, then purchasers of solar panel prices will bear the full cost of the higher import taxes and also incur welfare losses as some choose less efficient means to generate electricity.
Thus, whether these tariffs are beneficial or not is an empirical question that we can now answer. In a recent paper, Mary Amiti of the Federal Reserve Bank of New York, Stephen Redding of Princeton and I analyzed the impact of the 2018 tariffs on the prices and import quantities of millions of import flows. The results clearly show that the costs of the import tariffs have landed entirely on US citizens. As a result, imports in targeted sectors have fallen precipitously as double-digit tariffs have been levied on our imports.
Through November 2018, US importers and consumers experienced $12.3 billion in added tax costs and another $6.9 billion from unrecoverable reductions in welfare arising from the tariffs forcing consumers to cut back on import purchases. Since many of these tariffs were only applied in October, the costs are mounting rapidly. By November 2018, purchasers of imports were paying $3 billion per month in import taxes and suffering another $1.4 billion per month in unrecoverable welfare costs. To put this into perspective, if we were to think that a successful outcome from the trade war would be the creation of 35,400 manufacturing jobs—the number of steel and aluminum jobs lost in the last ten years—then the welfare loss per job saved is $195,000, which is almost four times more than annual wage of a steel worker: $52,500.
A comment that reflects exactly how you go through life…short and stupid.
ExPutz says:
April 7, 2019 at 10:50 am
^^oh look a retawd^^
3:49 Trump is as you are a complete embarrassment .
This essay is for Blue Ribbon T and Chifi
https://quillette.com/2019/04/01/academes-global-warming-echo-chamber/