From the APP:
What recession worries? NJ jobless rate at record low, employers scrounge
New Jersey’s job market was flat in July, but even if employers were in hiring mode, they’d have a tough time finding workers to fill the jobs.
That’s because the state’s unemployment rate dipped to 3.3% in July from 3.5% in June, the state’s Department of Labor and Workforce Development reported last week, setting a new record low.
“We’re in the recreational business, and the economy is strong,” said Kevin Carlin, a spokesman for Micro-Air Inc., an Allentown-based company that makes electronic circuit boards and is trying to hire two employees.
The monthly unemployment report last week was mixed. It showed New Jersey lost 500 jobs with losses in leisure and hospitality and gains in fields like professional services and manufacturing.
…
New Jersey has been trying to climb out of an economic hole for the better part of two decades, making the transition to the digital age while navigating obstacles from the end of Atlantic City’s monopoly on gambling to the devastation of superstorm Sandy.
…
Recent economic data offers both glimmers of hope and echoes of the same old story.
Good news? Wages and salaries in the metropolitan New York area, which includes northern New Jersey, rose 3.9% during the past year, faster than the U.S. average and the strongest performance since the Bureau of Labor Statistics started tracking it in 2006.
Bad news? The state’s personal income, which includes not just wages and salaries, but also government benefits such as Social Security, has grown 1.1 percent during the past year, ranking 42nd nationwide, an analysis by Pew Charitable Trusts found.
The jobs report for New Jersey offered little clarity. Over the year, the state has added 48,300 jobs for a growth rate that ranks 26th nationwide, according to an analysis of data from the U.S. Bureau of Labor Statistics.
“That suggests that … job growth would be higher if there were more people to fill open slots,” Rutgers University economist James W. Hughes said.
First
““Inverted yield curves in the U.S. and elsewhere tell us very little about the timing of future downturns and, for now at least, the economic data are more consistent with a slowdown than a downturn in the world economy,” Simon MacAdam, global economist at Capital Economics, said in a note.
Mr. MacAdam added that the lag time between a yield-curve inversion and an economic downturn has in the past been anywhere from a few months to years.”
Obsessing over bs. Say it with me…the yield curve is coming! The yield curve is coming! (The lemmings are coming!)
“The S&P 500 energy sector has outperformed the broader market 80% of the time in the 12-month period following yield-curve inversions going back to 1965, Bank of America analysts said in a research note.
What’s more, energy stocks beat the S&P 500 by an average of 7.3 percentage points over that period.
If history repeats itself, the group could be headed for a much-needed turnaround. Energy stocks in the S&P 500 have fallen 1.2% in 2019, posting the worst returns of the broad index’s 11 sectors, because of a combination of disappointing earnings and sliding oil prices. In comparison, the broad index is up 15%.”
Took a long time to change and adjust, but almost there. Change is in the air for nj…I can taste it.
“New Jersey has been trying to climb out of an economic hole for the better part of two decades, making the transition to the digital age while navigating obstacles from the end of Atlantic City’s monopoly on gambling to the devastation of superstorm Sandy.”
Lawmakers ban plastic straws as a far worse kind of waste covers the streets of San Francisco and L.A.
https://www.wsj.com/articles/californias-biggest-cities-confront-a-defecation-crisis-11565994160?emailToken=9fb73e9d4316bf168ac24b5214f5a5c4QAJ9taI8AmeaJApSHPk+Bp6vrloQ0+fzelMpcmNJ3b4aFm7eW98qIcsMNm73yPA3ZrUPdNviY7X+/YErBMOZvxzsAWOqR5AlPlgc5b/7zHg3nSSo6H+FfvHcRT7amJJ5&reflink=article_copyURL_share
Will there be a break from your BS on Sep 3 when you are in professional development?
Jesus Fcuking Christ…I punch in to see what’s up and this is the shit I face with my coffee?
Out. Have a good day guys.
Jesus, you guys are Debbie downers. Seriously, I posted links from articles that fits with current news. I posted a link to play the inverted yield cover. I wrote like two sentences and you guys get pissed off. Dicks. Are you ever happy?
We are now in an environment where there’s way too much conjecture about future growth. That makes people nervous. When people are nervous they slow down and take actions with much more caution and that can affect spending and credit. If this continues we will slow further, it is our natural reaction and our life long conditioning to scary “news” that most folks just don’t understand. Yield curve, stock market drops, trade war, etc. etc the scary news seems never-ending.
Just my 2 cents on yield curve. History does not repeat it rhymes. The November 2000 yield curve inversion occurred midway through the NASDAQ crash, the 2006 yield curve inversion occurred at the peak of the housing bubble. We aren’t seeing that today.
The critical difference between 2000 & 2006 and TODAY is the is Fed has been manipulation of long-term rates since 2008. To prevent a recession the central bank maintains asset price inflation targets, and affects these targets via channels of credit.
Credit has to contract, that is the key indicator so keep an eye on it. Wilbur Ross and the Insulter in Chief know this that is why they are calling for rate cuts to keep the party going.
Yield curve just isn’t the same indicator as it once was and history is not rhyming today, that could, however, change tomorrow. (Add in your standard disclaimer here on any investment advice you find on the internet.)
Pumps – it the volume. Did you mommy ever tell you to turn down the volume?
No, his mommy only told him he was special and anyone who makes fun of him it’s because they’re jealous.
We are not controlling interest rates. The only thing at this point is the Funds rate. Trump has a point in a relative sense (i.e. Neanderthal sense), but in context he should STFU.
Case in point, how fcuked is this, and how is it Powell fault?
https://www.bloomberg.com/opinion/articles/2019-06-25/a-100-year-austrian-bond-at-1-2-what-fresh-madness-is-this
Juice Box says:
August 19, 2019 at 10:29 am
We are now in an environment where there’s way too much conjecture about future growth. That makes people nervous. When people are nervous they slow down and take actions with much more caution and that can affect spending and credit. If this continues we will slow further, it is our natural reaction and our life long conditioning to scary “news” that most folks just don’t understand. Yield curve, stock market drops, trade war, etc. etc the scary news seems never-ending.
Just my 2 cents on yield curve. History does not repeat it rhymes. The November 2000 yield curve inversion occurred midway through the NASDAQ crash, the 2006 yield curve inversion occurred at the peak of the housing bubble. We aren’t seeing that today.
The critical difference between 2000 & 2006 and TODAY is the is Fed has been manipulation of long-term rates since 2008. To prevent a recession the central bank maintains asset price inflation targets, and affects these targets via channels of credit.
Credit has to contract, that is the key indicator so keep an eye on it. Wilbur Ross and the Insulter in Chief know this that is why they are calling for rate cuts to keep the party going.
Yield curve just isn’t the same indicator as it once was and history is not rhyming today, that could, however, change tomorrow. (Add in your standard disclaimer here on any investment advice you find on the internet.)
Juice,
Agreed. I think this is the most control the fed has ever had with the economy. Laugh, but they are becoming masters of the economy. Low inflation..check. Low unemployment..check. Strongest economy ever? That’s why my call of roaring 20’s 2.0 is nothing to laugh at. This is and will be the best economic run of our lifetime. If this economy was not fundamentally strong, then how do you explain such growth during a 2 year major trade war? How do you explain such strong fundamentals when the housing market hasn’t even started driving the economy(that’s coming, and my main ingredient in my call for the roaring 20’s 2.0..how the millennials will drive the economy due to their formulation of families and all the growth that pattern creates).
Remember, that’s the fundamental goal of the fed. Their MO. Low inflation and low unemployment rate. It’s the holy grail and we are living in it. Yet, people are overcome with fear, pretty incredible. Not many people realize how good this economy really is. Just goes to show you how negative people are on avg.
I guess trump plays into it too. Lots of people don’t want him to own a good economy and are acting on it. Ignoring all the good, and only focusing on negatives out of pure hate for trump.
Chi – OMO? OMO has the same effect of lowering rates or raising rates via direct manipulation of the money supply, it’s been going on for a decade now. There is no denying it.
https://fred.stlouisfed.org/series/TREAS10Y
Low yields on bonds will eventually ruin the economy because social security and pension funds will go insolvent.
https://www.armstrongeconomics.com/markets-by-sector/interest-rates/why-does-the-fed-need-to-raise-rate/
$16 trillion of global debt now paying negative rates. ECB may have to dust off QE again.
As low as yields are things are or can get way worse, be thankful we aren’t Europe.
https://www.bloomberg.com/news/articles/2019-08-19/these-nations-faced-bankruptcy-now-their-bonds-yield-nothing
In my lifetime, every time people said it’s different this time, it was immediately followed by a painful normalization.
Lately, lots of people are saying it’s different this time.
I am positioned to ride it out comfortably. It’s been eleven long years since any pain was inflicted. When the hammer comes down again, and it will. People like Pumps will be saying, “How was I supposed to know,” while simultaneously ignoring history.
https://youtu.be/iW5qKYfqALE?t=42 SFW
Someone needs to tell our jackass in chief that you do not cut interest rates when heading into a recession. Then, our playground bully in chief chooses to act like a 6-year old for the 600th time and tweets…
“Fed Chair Powell, lacks ‘vision’ ”
Not to mention his blatant lies about losing billions as president while adjusting the tax laws to favor real estate investing.
Pumps. Read this.
https://www.marketwatch.com/story/the-fed-trump-puts-have-expired-says-morgan-stanleys-mike-wilson-leaving-stocks-vulnerable-to-another-8-decline-2019-08-19
I understand your point, but I do not agree with you. I am focusing on the marginal effect in 2019. That chart suggests a (very) minor headwind to the observed Treasury rally on the long end. It also pales in comparison to our peers.
Juice Box says:
August 19, 2019 at 11:29 am
Chi – OMO? OMO has the same effect of lowering rates or raising rates via direct manipulation of the money supply, it’s been going on for a decade now. There is no denying it.
Chi easy money for now. Don’t bet against the Fed like this guy.
https://www.bloomberg.com/news/articles/2019-08-19/franklin-templeton-s-lonely-115-billion-interest-rate-contrarian
“every time people said it’s different this time”
I am not saying different this time. I am still saying what I said 10 + years ago. The Fed and the powers that be like the other central banks will continue their inflationary programs until we are all dead.
Someone needs to tell our jackass in chief that you do not cut interest rates when heading into a recession.
So, you’re saying we need to raise them?
Just some more things to ponder.
There’s a lot of leverage out there. Here is a comparison to last time “people said it’s different this time”
1) Mortgage debt is back up over 2008 peak levels
https://fred.stlouisfed.org/series/MDOAH
2) Non-mortgage personal debt has almost doubled in the last decade now 4 Trillion. 1 Trillion in student loans, 500 Billion car loans.
3) Corporate debt has about doubled from about $3.5 Trillion to about $6.5 Trillion.
Half of which is teetering just above junk rating.
I’ll dig up some more comparisons to non-US debt when I have time. I am interested in the more volatile places they tend to blow up first.
Absolutely.
Fast Eddie says:
August 19, 2019 at 1:27 pm
Someone needs to tell our jackass in chief that you do not cut interest rates when heading into a recession.
So, you’re saying we need to raise them?
Fake news told me we’re in a recession. They’ve never been wrong before. We’re screwed.
Tell me what I’m missing, Joyce:
https://www.investopedia.com/ask/answers/102015/do-interest-rates-increase-during-recession.asp
Lib,
I’m not here to say I know it all or have magic ball that does. All I can apply is logic based on all the stuff I read and analyze.
The old economic signals no longer apply. The world of rates are different now. 5% in today’s economy is a monster. I don’t think we will ever see the feds raise the rates that high again. There is just no need.
You also have most people passively investing in funds, which imo, leads to stability. You don’t have people racing in and out of stocks that creates huge booms and busts. You see the big boys constantly try to shake the tree and scare people out of positions, but it doesn’t seem to work like it used to because people don’t even look at the funds they are investing in long term. They just dollar cost avg each paycheck or month.
The financial world changed. They are not as fearful of debt as they were in the past. That quantitative easing program opened peoples minds to the debt issue and how it works. I know I used to be scared sh!t of the national debt, but not no more. Things have changed.
I’m with Joyce. Fed still needs bullets. Negative interest rates are not a place we need to be. Trump, in his utter feeble brained head, thinks lowering lending rates will weaken the dollar enough to make our products more accessible to foreign markets. He especially likes this idea, because his entire empire is built on mortgage debt which would save him tons. What he ignores, is that the strong dollar is the main thing that is keeping our market afloat. Plus the weak dollar would kill inflation including wage gains. And when the market does crash, what will the Fed do?
I know what Trump would do. He would just borrow the money (like anyone would be interested in our treasuries when the dollar is weak) and would donate billions again to the executives of our largest corporations. Only it won’t work this time if the market is plunging as buying back shares will have to small of an impact.
This is what Wilson is saying, though he hopped on the bandwagon a little early.
” I don’t think we will ever see the feds raise the rates that high again. There is just no need. ”
Until the next great recession when the fed can’t lower them any further to encourage borrowing. YOU are such a simpleton.
And for the Trumpy Devotee who considers everything fake news that he doesn’t like. Your day will come soon enough. As usually, you lie more than your god. There is no recession, YET. And when it comes, you’ll be the first to say it was Gore’s fault or something equally as asinine.
Fake news?
https://www.out.com/news/2019/8/18/shell-union-workers-forced-attend-trump-rally-or-lose-pay
These events are actually illegal. But since when did the egoist in chief care about that?
re: “and when the market does crash, what will the Fed do”
They have debated this over and over for the last decade in the think tanks, Fed, IMF and other places. They will do the same thing they did last time. They will dust off a few old research papers and resort to previously unheard of policies. They have already determined that the restrictions they have today are self-imposed, it’s already a foregone conclusion and history (given enough time to inflate) will prove them right.
There was a Brookings meeting last year with Paulson, Bernake and Geithner. They took their victory lap of sorts.
Boring watch link below.
BTW in a few short weeks, it will be the 10th anniversary of the Lehman Implosion.
https://www.youtube.com/watch?time_continue=20&v=PRVXfiDzdM4
I meant 2018 for Lehman….by this time 10 years ago we were recovering from the stock market crash.
Anyone have the name of a tree guy they’ve used that works in Essex county? Need to take out some more trees, last guy I used was some fly by night operation very cheap, did an ok job(30 trees almost all with a climber) but he way undercut everyone else.
The DJIA is at the same price today as it was in much of January 2018.
Now that’s a booming economy.
JCER.
Trusty Tree in Glen Ridge was pretty reasonable for us when we used them during a quiet storm period. But I did negotiate like an MFer. For that reason, I would not tell them I recommended them. They did a great job too.
Yes, and imagine with no trade war over this period. Also, imagine they didn’t raise rates so fast. Strong economy indeed.
Libturd, seen crazy things done with ping pong balls. says:
August 19, 2019 at 3:08 pm
The DJIA is at the same price today as it was in much of January 2018.
Now that’s a booming economy.
They will come up with a plan. 2008 was end game under the old way of thinking. It was supposed to all crash. I will never think like that again. Besides, we are not even close to negative interest rates, so they have ammo.
“Until the next great recession when the fed can’t lower them any further to encourage borrowing. YOU are such a simpleton.”
Things are different this time.
https://fred.stlouisfed.org/series/TREAST
re: “we are not even close to negative interest rates”
As mentioned earlier. Globally 16 Trillion of debt now with negative rates. 30% of the government debt market and 15% of the total bond market negative rates, these are developed nations, so no reason why we would not resort to here, it’s not illegal after all.
https://apps.axibase.com/chartlab/058ca84b#fullscreen
Who is that trade war with?
Want to spark a world war with a slightly stronger military than the Taliban (who still haunt Afghanistan)?
I’m looking forward to refinancing into a 5-year negative interest mortgage in a couple of years. I hope I get a really high negative rate. It will be nice for the banks to pay me to borrow. Nothing to see here.
Are we already in a recession? If we head into one, how much further do you want the rates to go?
Fast Eddie says:
August 19, 2019 at 2:15 pm
Tell me what I’m missing, Joyce:
https://www.investopedia.com/ask/answers/102015/do-interest-rates-increase-during-recession.asp
https://www.statista.com/statistics/264443/the-worlds-largest-armies-based-on-active-force-level/
I wonder what China will think when our dollar is weak and they own 1.1 trillion in US treasuries and we refuse to trade with them?
The truth is, they won’t need to flex their military muscle. The US will implode when the cost of everything on Amazon and in Walmart doubles in price. Consider it end of days.
re” “I’m looking forward to refinancing. ”
How will the banks stay open? After the new increased fees you will lose out, that is how the gangsters aka banksters roll.
Lib China’s army is the classic all hat and no cattle situation. They have a huge army, yes but from what I understand the army is more about show than anything else. China’s army while massive would probably lose and lose badly in conventional ground warfare against Russia, let alone the US. From what I understand from a logistical perspective they are unprepared, their forces aren’t well trained and they’ve haven’t been engaged a warfare so their troops are inexperienced. The PLA serves to keep the populous scared and under control in China.
The orange one is an idiot but he is right that China is a paper tiger that has been enabled by weak western leaders who have allowed them to steal anything that isn’t nailed down…..
JCer -We have lost a few land wars in Asia with last one being Afghanistan. No need to start another one over who’s kids get to work in factories at night to make cheap junk.
Nobody is arguing that we should start a war. Fundamentally I believe the Chicom government collapses without a war. I don’t care about cheap junk, China 2025 is the concern. The only way they have advanced as much as they have in the last 20 years is through intellectual property transfer, some through purchases, a lot through theft and corporate espionage.
My point is that if China tried to demand payment, good luck, they are not in a position to engage militarily, Vietnam was a proxy war, and Afghanistan is a totally different theater against a vastly different opponent.
People are missing it they are vulnerable, they are home to an oppressed populous, they have a demographic, and debt problem. The trade war could potentially lead to the liberation of the PRC.
China accumulates US treasuries because they pretty much have to. They fix their currency rate and have a semi-closed capital account, and they have a net trade surplus thus have no choice but to put those US$ into something. When you own such a big stake in a country’s debt, it actually makes the owner of the debt vulnerable. If they stop buying, the value of their assets fall. The US bond buying strike from China will not happen as a China attack, but more likely due to some kind of economic decline with US imports falling.
On interest rates, I’ve never seen a president who welcomed higher policy rates from the Fed. I’ve never heard Kudlow in 25 years say anything other than that interest rates should be lower than they are. Trump just complains with the lack of dignity and knowledge we’ve come to expect from him.
Be glad that the Chinese military hasn’t been put into action, most likely when they do, global markets will fall in half, at least. Odds are high that whatever they use them to attack, China will call it “internal” – after all they pretend Taiwan and the Spratlys Islands are and have always been China. Or they will use a third party country like N. Korea to do their bidding to preserve plausible deniability.
I don’t think they are a paper tiger. I’m sure they are backwards on a lot of miltary tech, but they likely have spent a lot on unconventional war tech, and they are willing to let a lot of their soldiers die if needed, given their culture of duty to the collective.
jcer and no one nailed it.
No one,
They are a paper tiger. They would get destroyed in an advanced warfare type of war. They better be careful and understand how powerful the United States military really is. Man, if they attacked us….they think japan got it bad..
Remember, we destroyed Vietnam. They didn’t win anything. If the hippie protests never came about, we could have just leveled their country. Wisely, we chose not to.
Same thing with taliban. If we were in a “real war” with them, they wouldn’t last a week. Too bad we are only trying to take out the leadership as opposed to the people.
Love him or hate him, but by all means be thankful for trump. Only guy hitting back for the populace. Like you point out, no way could they have made gains so quickly without cheating.
“The only way they have advanced as much as they have in the last 20 years is through intellectual property transfer, some through purchases, a lot through theft and corporate espionage.”
Yes, you should have wife wear the Don mask and orange strapon tonight, dufus.
Everyone speaks like they know what will happen. Really, no one knows. Just don’t overreact.
I liked it better when it was much harder to see the lies from the truth in DC. Now it’s just all lies. No one even attempts to polish the turds.
What a joke. This is who American banks are relying on? You have to be nuts or just plain ol blinded by sheer greed to rely on this level of dysfunction.
“Water crises are unfolding all across India, a product of population growth, modernization, climate change, mismanagement and the breakdown of traditional systems of distributing resources. India is running out of water in more places, in more different ways, putting more people at risk, than perhaps any other country.
Nearly all of India’s biggest cities, including New Delhi, the nation’s capital, are rapidly depleting their groundwater reserves, and 40% of India’s people could lack drinking water by the end of the next decade, according to a 2018 report by NITI Aayog, a government-policy think tank.”
https://www.wsj.com/articles/we-cant-waste-a-drop-india-is-running-out-of-water-11566224878
Good times indeed!
More than 700 undocumented students received more than $3.8 million in college financial aid for the first year during which New Jersey made the aid available to those without legal status.
The figures, provided by the state Higher Education Student Assistance Authority, show that 749 students in total received the aid during both the fall and spring semesters of the 2018-19 school year. Most of the aid, more than $3.5 million, was awarded under the New Jersey Tuition Aid Grant, or TAG, program.
Students at Rutgers University received the largest portion of the aid, with more than $1.3 million awarded to recipients attending that school. The next-largest portions were: $273,610 to students at the New Jersey Institute of Technology; $271,671 to students at St. Peter’s University; and $206,850 to those at Montclair State University.
“‘It’s nice to see the media finally cover the Trump economy. You seem to cover it only when you can use the Sesame Street word of the day – ‘recession’: Kellyanne Conway downplays economy fears”
Here is the link. Lol…Pumpkin talk…she talks about how the fundamentals in the economy are strong. She is correct.
https://twitter.com/reuters/status/1163616640740839424?s=21
KELLYANNE CONWAY
“Two Iraqis came here to this country, were radicalized and they were the masterminds behind the Bowling Green massacre. … It didn’t get covered”
Because it didn’t happen!
She seems awfully trustworthy though.
CNN does not agree with the Military assessment of China found here.
https://www.cnn.com/2019/08/20/asia/australia-china-us-military-report-intl-hnk/index.html
Lib,
He’s going to get reelected. There is no other side. There is no other choice. The dems are a collection of mice. Forget it. Weaklings acquiesce, we had that with the big-eared f.uck and most definitely the group of featherweights the left is parading around. Trump is a grade A d0uche and SOB. Good!! We need that! The media is a parody, a mockery, FAR worse than the tweets from Trump. I haven’t felt this good about the country since Reagan. We’re showing some balls again.
China from a conventional military view point is a paper tiger. Their troops are all mamas boys and soft. And they are too fascinated with western culture. They won’t fight.
Austria issued a 100 year bond yesterday 1.2 interest rate.
test
She might be a crazy dumb blond, but she is right about the fundamentals of the economy. Whoever told her this is correct.
Libturd, knows ICE is nice says:
August 20, 2019 at 8:29 am
KELLYANNE CONWAY
“Two Iraqis came here to this country, were radicalized and they were the masterminds behind the Bowling Green massacre. … It didn’t get covered”
Because it didn’t happen!
She seems awfully trustworthy though.
Juice,
I said it yesterday, China does not want to awaken a sleeping giant like Japan did. Our true military personnel are watering at the mouth to get a punch from China. Overnight, the military industrial complex in this country will become a monster that will destroy everything in its path.
Gary,
I like Trump’s chutzpah. Sadly, it ends there. Though, you are correct. He will be reelected. Especially since the DNC has definitely anointed creepy Joe the next in a long line of PAC accepting corporatists, to lose the throne. I wonder if he is given the debate questions ahead of time?
And I was half joking about China’s willingness to use a military option yesterday. Though, I think our collective confirmation bias about how they need us more than we need them may need some tempering. The middle and lower classes in the country are very close to broke. It wouldn’t take much to break their backs. The ruling class will be fine. They can always hire security details.
Horrible, my wife’s cousins house caught fire in Wayne today. Their pug didn’t make it. Emergency response was amazing, but I’m heartbroken.
I’m really glad I didn’t cheap out and went with nest fire alarms in my house recently. Safety is priceless.
Biden’s wife said people might have to swallow a little but they should vote for Joe. Not exactly a ringing endorsement of her husband.
Governor Murphy, in an attempt to appease the deservedly disenfranchised New Jersey commuter, has announced NJ Transit is introducing a new honesty in service doctrine and public guarantee. More details are to come. But to coincide with this landmark decision, the transit agency will update their motto to reflect the true change that Murphy is keenly aware is sorely needed.
Beginning tomorrow, you’ll notice and feel the change as NJ Transit, “Will Be Going Your Way, with an Indefinite Delay!”
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Juice, on CNN, are they really credible? So they are parading weapons but do they really have the response system or does a counter response take out their launch ability? All this hardware could be like Soviets, fake. I have my doubts on their stolen fighter plane technology, I don’t think the J20 is for real. The Chinese are way behind the Russians with avionics, jet engines, and air frames. This is the same government that has not successfully built a civilian airliner that exceeds circa 1970’s technology from the US/Europe/Russia. So tell me how much is for show, how many are fully functional, and even if they have airstrike superiority in the region what does their response system look like and in real military theatre are they able to launch before being incapacitated.
Lib much of the cheap stuff the Chinese produce are non-essential items. Vietnam is already taking low wage manufacturing and it is false economy. Look at shoes, I can go buy Chinese made shoes for $50 or the Italian made ones I’m wearing for $150, I’ll get 6 months out of the $50 shoes and I’m going on 2 years on the italian made shoes. Quality is better than disposable. The Chinese attempting to devalue their currency tells me that they are afraid to lose volume, they are basically trying to pay the tariffs to maintain their position as the dominant manufacturer. The poor won’t be able to buy cheap phones or flat screen tv’s but the necessities largely aren’t coming from china, discretionary consumer goods are. I have actively been trying to avoid Chinese goods for years for some things it is quite hard(consumer electronics, LED light bulbs, small engines tools, microwave ovens, cheap decorative hardware, lots of parts of things are made in china circuit boards, cheap metal bits).
Listen Trump is a national embarrassment, but it doesn’t change the fact that he is right about some of this. Look Reagan was a senile old man, and he managed to break the Soviets. Trump is crazy but given the alternatives as presented he is the most logical choice for 2020 at this point. The left is also melting down with TDS, there is plenty to attack him on yet they feel the need to pretty much invent things which does not lead to those in the center supporting them.
Lib so they are changing the slogan from NJTransit, You’ll get there eventually?? THe governor is a bad joke I know the solution is to add a few more highly paid political hacks…..
Is “maybe you have to swallow a little bit” a real expression or just one that Joe Biden says to his wife a lot? He probably needs lots of extra help to perform in bed, after all.
JCer,
Before Reagan was shot, I think he was sharper than Joe B is now. After Reagan was shot he definitely faded. And the presidency seems to age people faster than usual. Except Trump who thrives on negative attention, (not to imply he’s a good president, it’s just that he doesn’t seem to be fading in energy).
11:16 Jill’s been multi-orgasmic since she was young.
She’s also capable of nipple only orgasms. Try that one with ur wife.
Trump is Americas first Game show Host/Infomercial pitchman president. Seriously I expect him to either spin the wheel or try to sell me a device that slices and dices and also picks up my dogs poo all while cleaning my floors.
Yes we basically elected PT Barnum to the presidency, the hair alone……
Trump’s lil mushroom dick is 3 inches when fully engorged. His mail order bride has rock hard fake tits and his offspring all have retardation. But he’s your leader.
The real shame of the Trump presidency is that the PT Barnum in him is all about brand building and feeding his insatiable ego. Had he simply turned off twitter and made the same political decisions, he might have been destined for presidential greatness. Instead, we are stuck comparing him to a senile Reagan.
His rallies are exactly the same as standup comedy, only instead of telling jokes, he tells lies instead.
He really is a piece of work.
https://www.theatlantic.com/health/archive/2019/08/chinese-company-helping-fuel-opioid-epidemic/596254/
We can all agree that life in the US as a white male is fabbbbbbullllous! So check ur priv. at the door. Better to be something ‘else’ in the Dems these days. The working class whites and even many educated ones have defected. This is the kind of election that Trump will win, not because of who “he” is, but rather who we are. His hardcore stance on the boarders resonates with the disenfranchised in the nation’s mid-section. Those folks who do want a landscaping business or have lost a mine or three. What about the middle class tech manager in Cleveland. Borders will kill the DEMs. That and an underlying fracture within the Party that says: We honestly don’t work well together.
The other side of the coin of course is will Trump put the Country in danger, do something horrible between now and 2020/ who knows. Stay tuned.
“The poor won’t be able to buy cheap phones or flat screen tv’s …”
Companies maximize profits. If input prices rise whether it’s moving labor to a more expensive location, tariffs or something else, there’s little reason to believe retail prices would change much if at all because companies would already be charging higher prices if they could.
I’m voting for trump next election.
The dems have been getting me more and more annoyed with their extreme leftist ways.
I don’t even like trump but at least he doesn’t annoy me as much as the far left does.
For the record I am a centrist.
I’m in the same boat. Democratic Party not an option right now. It’s sad.
Joe says:
August 20, 2019 at 12:22 pm
I’m voting for trump next election.
The dems have been getting me more and more annoyed with their extreme leftist ways.
I don’t even like trump but at least he doesn’t annoy me as much as the far left does.
For the record I am a centrist.
Isn’t that the truth.
joyce says:
August 20, 2019 at 12:00 pm
“The poor won’t be able to buy cheap phones or flat screen tv’s …”
Companies maximize profits. If input prices rise whether it’s moving labor to a more expensive location, tariffs or something else, there’s little reason to believe retail prices would change much if at all because companies would already be charging higher prices if they could.
Joe,
Which stuff pisses you off? For me, it’s the fact that they claim to be progressive and then constantly take the low road. All I want is an honest politician. I know, that’s too much to ask for. But it’s why I like Bernie and Warren. They are not caught up in climate change, gender sh1t, sanctuary city crap. For them, it’s about leveling the playing field a bit. This I can get behind.
I hope you are not buying into all of the ultra progressive first termers that no one is paying attention to, besides PT Barnum and Fox. Hell, if it weren’t for them, I would not know AOC even existed.
Don’t be so sure Trump will win:
Dr. Robert Epstein told Sen. Ted Cruz (R-TX) on Tuesday that Google can manipulate votes by using tools that they have at their disposal exclusively, and that no one can counteract them. Epstein warned the senator of big tech election meddling during his testimony before the Senate Judiciary Committee Hearing on “Google and Censorship through Search Engines” on Tuesday.
https://www.youtube.com/watch?v=rNvgl38TLvI
Bernie should have gotten the nomination in 2016 and I would have voted for him.
“Trump isn’t the one dividing us by race. He hardly mentions it, while his adversaries are obsessed with “whiteness” and “white privilege,” writes Heather Mac Donald.”
https://www.wsj.com/articles/trump-isnt-the-one-dividing-us-by-race-11566158729
Bernie should have gotten the nomination in 2016 and I would have voted for him.
We’re not paying enough of our fair share?
Both sides annoy me but the hypocrisy and self destructive nature of the left annoy me the most. It is really too much to get into here but here it a small list:
1. I think climate change is not as big of a deal as the dems make it out to be and I don’t want them trashing the economy to try and “fix” it.
2. I don’t like their open borders policy and it is why we have laws to regulate it that the left loves to ignore. We might as well get rid of all security at airports while we are at it because mostly good people are just traveling.
3. We already pay high enough taxes and people like Bernie want to tax the middle class just as much as he wants to go after the wealthy. I think he will trash the economy with his taxes.
4. Warren thinks she is a Native American and abuses it for political gain which she finally had to back off of after her dna test. Liberals are pandering too much to certain groups for politics gain at the cost of demonizing others.
But we can all they are heroes
Cops wrongly claimed ‘bird poop’ was cocaine
https://www.nydailynews.com/sports/college/ny-shai-werts-bird-poop-cocaine-20190809-aswnivt7e5ebdf3pvgujpijpta-story.html
Sanders is 100% behind the climate change propaganda. If I recall correctly, he referred to it as our biggest national security threat…which made absolutely zero sense.
A little eye candy in Malibu:
https://www.cnbc.com/2019/08/19/photos-reese-witherspoon-buys-malibu-farmhouse.html
You guys are not giving any credit to Far left. They are going after young Instagram/Twitter lovers who live in bubble world where every picture is filtered to look perfect, everyone is accepted bc it takes no effort to click ‘like’ and they have 600 ‘friends’. I hate nearly all of left candidates except Mayor Pete and Bernie but they see something obviously that we old coots are missing. It sucks to listen to them but the way kids communicate today, well it is damn new language practically.
So Denmark was really considering selling us Greenland?
I’m really glad I didn’t cheap out and went with nest fire alarms in my house recently. Safety is priceless.
One in every bedroom, hallways, playroom, laundry, boiler room, garage, basement, office, attic, heat detectors in the kitchen (no nuisance), etc. All hard-wired.
But I’d never trust Nest. No way, no how. Most all of mine are the top model Kidde.
I guess I was duped by marketing? Thought the nest had commercial grade sensors. That’s what I get for not posting here first. Too late now.
I originally bought the nest thermostats and figured I would just stay in the “nest” eco system with fire alarms and iq security cameras. Got a great deal on most of the stuff. Had to go to Paterson to grab some of the stuff at some sneaker head shop. That was a fun experience, just glad I made it out without getting robbed.
I’ll tell you what, though. I like the nest fire alarms because they double as night lights. When it detects movement, it lights up. So no need to turn on lights at night walking to bed or getting up to go to the bathroom. It also acts as extra motion sensors for the security system.
Kidde only here…
Thanks for sharing such a pleasant opinion, piece of writing is nice, thats why i have read it fully
Kidde is the best!
I’m not hotwired, but I do have an alarm for smoke and CO2 on every level and a hot wired CO2 alarm in the basement (where nearly all CO2 issues start). My tenants, also have grease fire capable extinguishers on the wall of their kitchens and the newly required 10 year battery alarms.
I have the Kidde interconnected units. They work too well, a little kitchen smoke and by the time I had it turned off the fire trucks were at my driveway less than 5 minutes from the alarm going off. Alarm company told me once they get fire or c02 they report immediately to fire department. I really should swap out the kitchen Smoke/CO2 for a heat detector.
Nest units look pretty slick, but them not being in the safety business does make me question how reliable they would be in an emergency. They do present data that back up their claims that they are superior to other home Smoke/CO2 detectorss, but who knows what that means. I considered it but $700 for smoke detectors seemed steep…..