Post New Article

Wall Street Wrong Again – Import Prices
Decline During Full Year of Import Tariffs…

Original Article

Posted By: earlybird, 6/16/2019 10:34:29 AM

The latest set of statistics from the Bureau of Economic Analysis (BEA) shows all of the professional pundit claims of higher prices on imported goods due to Trump tariffs are simply disconnected from reality. In actuality the year-over-year prices of import products are actually dropping: (Graphic)U.S. Import prices fell 0.3 percent in May, the first monthly decline since a 1.4-percent drop in December. Import prices advanced 1.8 percent from December to April before the downturn in May. The price index for overall imports decreased 1.5 percent over the past 12 months, matching the drop in January. These were

Post Reply

Reply 1 - Posted by: Omen55 6/16/2019 11:23:30 AM (No. 99295)
Orange Man bad. Because he makes Wall St experts look dumb. The smart move would be to save $$$ by firing the "experts" & just listen to Trump.
10 people like this.

Reply 2 - Posted by: Taxed2Death 6/16/2019 11:28:30 AM (No. 99300)
Economic illiteracy running wild. Even ECON 101 dropouts understand tarrifs are TAXES that get paid by the end consumer. If import prices decreased last year the decrease would have been larger WITHOUT tarrifs!
2 people like this.

Reply 3 - Posted by: DVC 6/16/2019 11:31:48 AM (No. 99303)
OK, this is difficult for most Americans to grasp, ESPECIALLY American economists. Economists see a business as a financial institution which has the purpose of making a profit for the owner or share holders. In China, this is very much NOT the purpose of a business. The most important purpose of a buisiness in China is to employ people, basically to "keep them off of the streets". Communist governments know that unemployed people in their 'worker's paradises' are much like political dynamite just laying around, a huge danger of a political explosion. China has been pretty much a 17th century country forever, and many tens of millions of people move from the very backward, unpleasant 17th-18th century countryside to the relatively modern cities each year. If the government cannot provide jobs and housing for these massive hordes of unskilled country folks, they understand that relatively quickly things can turn very ugly and riots and government overthrow are a real possibility. So - factories do NOT need to make a profit, but they MUST provide huge numbers of jobs and pay for (at least mostly) the housing and such for these hordes moving to the cities. They CANNOT lay people off if their businesses start losing money, and they CANNOT lower their production numbers. THEY MUST continue to make widgets and they HAVE TO get the damned things shipped out an make SOME money, however small, while retaining the critical, crucial, MANDATORY JOBS, which are the primary (almost total) purpose of their factories. So, when the tariffs hit, they just lower their profits and keep the prices low so that they can keep selling. Any sane capitalist business would eventually just shut down, not enough or no profits, losing money, just stop it. The Chinese CAN'T just shut down the factories, they HAVE TO keep them open, or die politically. So, American economists are totally wrongm because they refuse to understand that China is not anything like a normal free market business environment. It is a total government controlled state, and all things are done to create power for the government. Profit is nice, but the jobs to provide political stability are MANDATORY. Trump will win this, I am almost 100% certain.
17 people like this.

Reply 4 - Posted by: DVC 6/16/2019 11:33:28 AM (No. 99305)
Sorry, #2, you fall into the same trap. Econ 101 applies in free markets, and has absolutely NOTHING to do with Chinese markets, factories, etc. Same problem as Wall Street economists. Blind to reality when it is different than their simplified, narrow, college training.
10 people like this.

Reply 5 - Posted by: Calico Al 6/16/2019 11:56:55 AM (No. 99320)
Did these economists go to the same collage as AOC?
5 people like this.

Reply 6 - Posted by: HotRod 6/16/2019 12:38:56 PM (No. 99365)
China has big plans for becoming the dominant economic and military force in the world. They cannot do either without favorable access to the American market. They have bought that access from politicians, current and former, for years. Now, things are changing rapidly for them. They underestimated the will of President Trump and were caught off guard, as seen in their current predicament. Someone posted, over at the Sundance site, that the Chinese are hoping to outwait President Trump, until a democrat gets back in the White House and congress is dominated by democrats. I think that is a bad bet. I think one of the reasons the Huawei issue blew up so fast, in addition to the 5G threat, is that the Chinese network was intended to be used for interfering with our elections and politics. China will be facing President Trump for another four years, until 2024. By then, maybe we will have our political, and intelligence, houses cleaned out and put in order. I would be willing to bet President Trump's successor will not be a democrat either!
0 people like this.

Reply 7 - Posted by: jfodoch 6/16/2019 12:41:26 PM (No. 99367)
I would vote for The Donald every election for the rest of my life!
4 people like this.

Reply 8 - Posted by: Ribicon 6/16/2019 2:07:18 PM (No. 99439)
The corollary to #3's insightful comments is that Chinese imports are subsidized by costly US welfare payments that replace lost industrial jobs here at home. This reverse tariff on US taxpayers is omitted from calculations done by leftist economists, forever under the sway of the noted Marxist homosexual Milton Keynes.
3 people like this.

Reply 9 - Posted by: judy 6/17/2019 3:27:09 AM (No. 99716)
They did the same with the washing machines tariff scared us to death with a $ 10 increase?? These same people never utter a word with the billions spent on illegals. The wall pays for itself with the cost savings for welfare, schools, medical care, jails, attorneys, judges...
1 person likes this.

Below, you will find ...
Most Recent Articles posted by "earlybird"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by earlybird"
2 million pills and 700 deaths: How a few
pill mills helped fan the U.S. opioid
inferno
2 replies
Posted by earlybird 6/17/2019 8:03:54 PM Post Reply
Soon after he took over as medical director of the Urgent Care & Surgery Center in eastern Tennessee in 2012, Dr. Marc Valley realized he was supervising illegal drug dealers in lab coats. Platoons of patients socialized in the parking lot, none seemingly afflicted by injuries. The packed waiting room echoed with chatter about how and where to score painkillers known as opioids. Valley discovered that clinic staff were barely vetting patients. Some charts didn’t even include a diagnosis or pain level, yet patients all seemed to receive the same dosage of powerful opioids. He worried that dozens risked dying
Chinese raids hit North Korean defectors’
'Underground Railroad'
5 replies
Posted by earlybird 6/17/2019 7:54:24 PM Post Reply
A decade after leaving her family behind to flee North Korea, the defector was overwhelmed with excitement when she spoke to her 22-year-old son on the phone for the first time in May after he too escaped into China. While speaking to him again on the phone days later, however, she listened in horror as the safe house where her son and four other North Korean escapees were hiding was raided by Chinese authorities. (Snip) but activists say the raids have disrupted parts of the informal network of brokers, charities, and middlemen who have been dubbed the North
Ho-Lee-Cats, is it Happening? –
Chairman Xi Announces Visit to North Korea…
4 replies
Posted by earlybird 6/17/2019 4:02:59 PM Post Reply
Well, well, well…. Against the backdrop of everything we have been discussing about the nature of the U.S. – China – North Korea geopolitics; and considering the current position of all the players; (Snip) Is this the predictable face-saving approach Chairman Xi Jinping has selected? For two-and-a-half years U.S. President Trump has been working on two connected objectives: (1) removing the threat posed by North Korea by severing the ability of Beijing to use the proxy province as a weapon (Kim is hostage to China); and (2) deconstructing the growing economic influence of China.
Phoenix police end silence over
controversial doll shoplifting case
13 replies
Posted by earlybird 6/17/2019 2:58:46 PM Post Reply
PHOENIX – The Phoenix Police Department on Friday ended its silence about an incident that led to a family’s $10 million claim against the city. Sgt. Tommy Thompson sent an email with information “being provided for clarification” along with the related incident reports about a shoplifting case involving a doll that sparked a potential lawsuit and internal police investigation. Thompson also went over the details in an interview with KTAR News 92.3 FM. “There is some misinformation that’s out there, and we wanted to make sure they [the community] had the correct information,” he explained.
Report: Former Egyptian Muslim Brotherhood Leader Mohamed
Morsi Dies in Court…
19 replies
Posted by earlybird 6/17/2019 2:30:50 PM Post Reply
Mohamed Morsi was Egypt’s leader of the Muslim Brotherhood, supported by President Obama, Hillary Clinton and John Kerry, and installed as Egyptian president by extremists during the Islamist Spring. According to Reuters Morsi collapsed in court today and died:(Snip)After taking power Morsi immediately opened all the prisons letting the Brotherhood free. Than Morsi began jailing his political opponents; he disbanded the court system and instituted a Sharia compliant constitution while slaughtering hundreds of Coptic Christians.
Who Were the Mueller
Report's Hired Guns?
9 replies
Posted by earlybird 6/17/2019 11:53:40 AM Post Reply
Special Counsel Robert Mueller spent more than $732,000 on outside contractors, including private investigators and researchers, records show, but his office refuses to say who they were. While it’s not unusual for special government offices to outsource for services such as computer support, Mueller also hired contractors to compile “investigative reports” and other “information.” The arrangement has led congressional investigators, government watchdog groups and others to speculate that the private investigators and researchers who worked for the special counsel’s office might have included Christopher Steele and Fusion GPS, the private research firm that hired Steele to produce the Russia
Chekhov Was Right 3 replies
Posted by earlybird 6/16/2019 12:14:11 PM Post Reply
Chekhov says somewhere—I think it must be in one of his letters to young ladies with literary ambitions—that a writer can, or at least should be able to, write a story about an ashtray. Actually, this might be less difficult than might at first appear. If you imagine an ashtray to have eyes, ears, and consciousness, it would probably have witnessed a great deal in its lifetime, especially drunken quarrels. I have known ashtrays used as instruments of murder or attempted murder. In the days when almost everyone smoked, ashtrays would also have witnessed many a historical event.
President Trump Outwits Chairman Xi
Jinping Ahead of G20 Summit…
6 replies
Posted by earlybird 6/16/2019 10:37:05 AM Post Reply
President Trump has taken the leverage of economics to levels of geopolitical strategy never seen before. Nowhere is the genius strategy more clear than in the way Trump has positioned the trade reset and confrontation with China. In hindsight every move since early 2017 including: (1) the warm welcome of Chairman Xi Jinping to Trump’s Mar-a-Lago estate; (2) the vociferous praise poured upon Xi; (3) the November 2017 tour of Asia; (4) the direct engagement with North Korean Chairman Kim Jong Un; the strategic relationship with Japanese Prime Minister Shinzo Abe; and a host of smaller nuanced moves
Wall Street Wrong Again – Import Prices
Decline During Full Year of Import Tariffs…
9 replies
Posted by earlybird 6/16/2019 10:34:29 AM Post Reply
The latest set of statistics from the Bureau of Economic Analysis (BEA) shows all of the professional pundit claims of higher prices on imported goods due to Trump tariffs are simply disconnected from reality. In actuality the year-over-year prices of import products are actually dropping: (Graphic)U.S. Import prices fell 0.3 percent in May, the first monthly decline since a 1.4-percent drop in December. Import prices advanced 1.8 percent from December to April before the downturn in May. The price index for overall imports decreased 1.5 percent over the past 12 months, matching the drop in January. These were
Indian election reveals role of money,
questionable morality
6 replies
Posted by earlybird 6/15/2019 11:18:47 PM Post Reply
NEW DELHI – India's recent national election delivered a historic victory to Prime Minister Narendra Modi's Hindu nationalist party, but also exposed the influence of money, power and questionable morality on the world's largest democracy. Nearly 43% of the new members of the lower house of Parliament that convenes Monday for the first time since the election won despite facing criminal charges. More than a quarter of those relate to rape, murder or attempted murder, according to a report by the civic group Association of Democratic Reforms. The loophole that allows them to take office is that they have not been convicted
Mexico vows to help Central American
migrants amid crackdown
3 replies
Posted by earlybird 6/15/2019 11:16:18 PM Post Reply
MEXICO CITY – Mexican President Andrés Manuel López Obrador said Saturday his country must help Central Americans fleeing poverty and violence, even as it increases security and revisions to deter migrants from passing through Mexico on route to the U.S. Mexico's president has walked a fine line between enforcement and humanitarian overtures for migrants since he took office on Dec. 1. Initially his administration issued thousands of transit visas for safe passage through Mexico, only to clamp down shortly after with stepped up detentions and deportations. Under pressure from the U.S., Mexico plans to deploy 6,000 National
Archbishop dons hard-hat to hold first
Mass in Notre Dame since devastating fire
0 replies
Posted by earlybird 6/15/2019 11:09:53 PM Post Reply
The archbishop wore a hard-hat helmet, burnt wood debris was still visible and only about 30 people were let inside, but Notre Dame Cathedral on Saturday held its first Mass since the devastating April 15th fire that ravaged its roof and toppled its masterpiece spire. Exactly two months after the blaze engulfed the landmark Gothic building in the French capital, the service was celebrated by Paris Archbishop Michel Aupetit in a chapel behind the choir, a place confirmed by construction experts as safe. French Culture Minister Franck Riester said this week the cathedral remains in a "fragile" state, especially its vaulted ceiling, which is still at risk of collapsing.
Most Active Articles (last 48 hours)
Beto O'Rourke says white Americans
don't know the full story of slavery,
continues to support reparations
39 replies
Posted by Pluperfect 6/16/2019 4:31:59 AM Post Reply
Democratic presidential candidate Beto O'Rourke took an unconventional approach to reaching out to African-American voters Friday, meeting with a small group representing a community of slave descendants in South Carolina and saying white Americans do not know the full story of slavery. O'Rourke spent Friday at a Baptist church in Beaufort, S.C., where the former Texas congressman met with leaders of the Gullah/Geechee Nation, a culture of coastal slave descendants whose separation from the mainland allowed them to retain much of their African heritage, including a unique dialect and skills such as cast-net fishing and basket weaving.
School's out for summer! Former first
daughters Malia and Sasha tour a famous
antique market in Provence as the Obamas
kick off their vacation in southern France
33 replies
Posted by Imright 6/16/2019 7:51:25 PM Post Reply
Former first daughters Malia and Sasha Obama are making the most of their family vacation in southern France, spending a perfect summer Saturday touring the famous L'Isle-sur-la-Sorgue Market. The market is one of the top tourist attractions in the idyllic Provençal town known as the 'Venice of Provence' thanks to the scenic Sorgue river. Malia, 20, and Sasha, 18, stepped out with a few friends to check out the market famous for its wide array of antiques. They appeared to have left their parents,
New Denver City Council Member:
I Will Usher In Communism ‘By Any Means Necessary’
32 replies
Posted by Imright 6/17/2019 10:50:21 AM Post Reply
Newly elected far-left Denver City Council member Candi CdeBaca has stated that she is "excited to usher" in communism "by any means necessary." CdeBaca, who won in an upset runoff election earlier this month, said in late March during a candidate forum for City Council District 9: I don’t believe our current economic system actually works. Um, capitalism by design is extractive and in order to generate profit in a capitalist system, something has to be exploited, that’s land, labor or resources And I think that we’re in late phase capitalism and we know it doesn’t work and we have to move into something new.
Buttigieg: It’s ‘Almost Certain’ America
Has Had a Gay President
31 replies
Posted by Imright 6/17/2019 12:56:21 AM Post Reply
South Bend Mayor Pete Buttigieg said it’s “almost certain” he would not be the first gay man to serve as president of the United States if elected in 2020.Buttigieg made the comment on Sunday during an interview with Axios on HBO when asked how he would respond to someone saying he was “too young, too liberal, [or] too gay to be commander-in-chief.”“I’ll respond by explaining where I want to lead this country,” the Democrat hopeful said. “People will elect the person who will make the best president.” “We have had excellent presidents who have been young,” Buttigieg continued. “We have had excellent presidents who have been liberal.
'I don't see why not': Pete Buttigieg on
having kids with husband in White House
29 replies
Posted by Ribicon 6/16/2019 10:50:14 PM Post Reply
The Democratic presidential candidate Pete Buttigieg wants to start a family with his husband, Chasten, and says that could happen if he makes it to the White House. “I don’t see why not,” the mayor of South Bend, Indiana, said in a Father’s Day television interview that also marked his first wedding anniversary. Buttigieg was little known nationally before he began his campaign for president earlier this year, but has seen his star rise in recent months, ranking alongside Bernie Sanders and Elizabeth Warren in one Iowa poll last week. He would be America’s youngest and first openly gay president
Bernie Sanders pushes for drastic
change to US economy: 'We need
a political revolution'
28 replies
Posted by Imright 6/16/2019 11:58:59 AM Post Reply
Sen. Bernie Sanders, I-Vt., is in full force with his push for democratic socialism as he looks to increase support for his 2020 presidential campaign, and is calling for a "political revolution" in the United States. Days after an address at George Washington University in which he rolled out his platform, Sanders brought his message of income equality to "Fox News Sunday." "If we're going to bring about real change in this country ... we need fundamental change. We need a political revolution," Sanders told host Chris Wallace.
We Must Reject LGBTQ
CrazinessBecoming
America's Accepted Norm
26 replies
Posted by tisHimself 6/17/2019 6:31:06 AM Post Reply
Turning around in Walmart, I saw a large exhibit of Listerine mouthwash. The exhibit was covered in rainbows stating that it was in celebration of LGBTQ (and other alphabets that I can't remember) pride. The wording on the exhibit preached to us about love, respect and anti-bigotry. Why is Johnson & Johnson which owns Listerine making a big deal about portraying perverted lifestyles engaged in by less than 3% of the population as something beautiful and crucially important?
Marijuana damages adolescent brains,
health professionals write in op-ed
26 replies
Posted by Pluperfect 6/17/2019 4:26:34 AM Post Reply
Two health professionals penned an op-ed in The New York Times on Sunday that despite society’s shift on marijuana use, it does not change the fact that the drug is not safe for high school and college students. Kenneth L. Davis, the president and chief executive of the Mount Sinai Health System, and Mary Jeanne Kreek, the head of Laboratory of the Biology of Addictive Diseases at Rockefeller University, cited studies that show a “deleterious impact on cognitive development in adolescents.” The column said marijuana use can impair "executive function, processing speed, memory, attention span and concentration." They said the explanation is simple: the adolescent brain
African migrants pass through San Antonio
and swiftly fan out across the country
26 replies
Posted by Ribicon 6/16/2019 12:26:16 AM Post Reply
San Antonio, Texas—Roughly 300 Congolese and Angolan citizens who arrived in San Antonio the first week of June after crossing the U.S.-Mexico border days earlier have all briskly departed the city for destinations across the country, some with fuzzy plans based partly on hope. The hundreds of family members and single adults from Central Africa first showed up June 4 at the southern border’s Eagle Pass and Del Rio towns in south-central Texas.(Snip) “If—a family, the sponsor—it’s been 24-48 hours and they can’t buy the [bus] ticket, then we’ll buy it,” Elizabeth Nemeth, executive director of Catholic Charities'
Disgraced Former FBI Deputy Director
Andrew McCabe Says Now Is The
Time To Try To Impeach Trump
24 replies
Posted by Imright 6/16/2019 12:20:17 PM Post Reply
After a leading question from CNN host Chris Cuomo, fired FBI Deputy Director Andrew McCabe said now is “absolutely” the time to start impeachment proceedings against President Donald Trump. (Viedo) McCabe made the statement after being asked by Cuomo, “Do you believe that an impeachment inquiry is warranted based on what you understand and what has come out of the Mueller report?"McCabe, who wrote a memoir trashing Trump and defending the FBI, immediately agreed with Cuomo, saying, “absolutely.”
To beat Trump, Dems must practice
a politics of modesty
24 replies
Posted by M2 6/16/2019 6:40:47 AM Post Reply
"It is a great advantage to a president,” said the 30th of them, “and a major source of safety to the country, for him to know he is not a great man.” Or, Calvin Coolidge would say today, a great woman. While today’s incumbent advertises himself as an “extremely stable genius” and those who would replace him promise national transformation, attention should be paid to the granular details of presidential politics, which suggest that a politics of modesty might produce voting changes where they matter, and at least 270 electoral votes for a Democrat.
Pelosi: Congress Does Not Have
‘Shared Values’ with Trump
23 replies
Posted by Imright 6/16/2019 9:00:47 PM Post Reply
During a interview with CNN’s Fareed Zakaria at the Council on Foreign Relations, House Speaker Nancy Pelosi (D-CA) said President Donald Trump did not have “shared values,” with the Congress of the United States.Zakaria said, “Let me ask you, though, about presidential power. Is there a kind of usurpation of congressional authority? Since 1976, when Congress declared a National Emergency Act, Gerald Ford signed it, there have been fifty, the presidents have declared 59 emergencies. 32 are still in place. We still have national emergencies in place about Macedonia, about Lebanon, about the Iran hostage crisis. Is it time for Congress to start much more seriously overseeing
Post New Article