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He's done.

Farm Bankruptcies Rise Again
There are other weaknesses in PPI fed gov has tried to paper over. Closing a "China deal" by FYE or Q1 will be too little, too late. Ima call it Trump's "own goal" when #Resistance celebrates.

Diversity is the key to economic and political evolution.

by Cat on Tue Nov 5th, 2019 at 01:34:20 AM EST
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Perception is what matters ... low unemployment, consumer spending and 401(k) plan. NYSE at all-time high.

The American Dream .... wealth!

by Oui on Tue Nov 5th, 2019 at 08:52:21 AM EST
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btw, how's that CAP reform coming along? in reality.

Diversity is the key to economic and political evolution.
by Cat on Tue Nov 5th, 2019 at 04:31:43 PM EST
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Congress struggles to agree on funding as November deadline looms, podcast, no transcript. darn.
Congress needs to reach agreement on a second continuing resolution before funding runs out on Nov. 21 to avoid a partial government shutdown. But that deadline is going to be difficult to meet.


Diversity is the key to economic and political evolution.
by Cat on Tue Nov 5th, 2019 at 04:26:44 PM EST
[ Parent ]
UPDATE

v1: Majority of Senate votes for bill to fund federal government through Dec. 20, voting continues
link to ... nothing
v2: Senate passes stopgap spending bill, sends it to Trump for signature--enacting the enrolled bill

The continuing resolution is the second temporary spending bill Congress has passed since fiscal 2020 began on Oct. 1. Once Trump signs it -- as his aides say he will -- the stopgap measure will fund the government through Dec. 20, giving appropriators more time to hash out numerous divides over policy riders and programmatic spending levels. The vote was 74-20. ...
links to self

FETCH FACT: congress.gov

Diversity is the key to economic and political evolution.

by Cat on Thu Nov 21st, 2019 at 08:00:35 PM EST
[ Parent ]
See that? MSM "perception" of market failure trails customary 2-month lag in reporting by fed gov, every admin.
U.S. International Trade in Goods and Services, September 2019
The September figures show surpluses, in billions of dollars, with South and Central America ($5.0), Hong Kong ($2.1), Brazil ($1.0), OPEC ($1.0), Singapore ($0.9), United Kingdom ($0.7), and Saudi Arabia ($0.3). Deficits were recorded, in billions of dollars, with China ($28.0), European Union ($15.7), Mexico ($9.1), Japan ($5.9), Germany ($5.0), Italy ($3.0), Canada ($2.5), Taiwan ($2.1), India ($2.0), France ($1.7), and South Korea ($1.2).

  • The deficit with Germany decreased $1.9 billion to $5.0 billion in September. Exports increased $0.7 billion to $5.6 billion and imports decreased $1.2 billion to $10.7 billion.
  • The deficit with China decreased $0.9 billion to $28.0 billion in September. Exports decreased $1.0 billion to $9.0 billion and imports decreased $1.9 billion to $37.0 billion.
  • The deficit with Canada increased $0.9 billion to $2.5 billion in September. Exports decreased $0.3 billion to $24.5 billion and imports increased $0.6 billion to $27.0 billion.
Accumlating export losses over the past 24 months. Unless miracle "u-turn", he's done.

Diversity is the key to economic and political evolution.
by Cat on Tue Nov 5th, 2019 at 06:41:17 PM EST
[ Parent ]
Calculated Risk | chart pr0n
From the Fed: Industrial Production and Capacity Utilization

Industrial production fell 0.8 percent in October after declining 0.3 percent in September. Manufacturing production decreased 0.6 percent in October. Much of this decline was due to a drop of 7.1 percent in the output of motor vehicles and parts that resulted from ["]a strike["] at a major manufacturer of motor vehicles. [BWAH!] The decreases for total industrial production, manufacturing, and motor vehicles and parts were their largest since May 2018, April 2019, and January 2019, respectively.



Diversity is the key to economic and political evolution.
by Cat on Sun Nov 17th, 2019 at 07:17:59 PM EST
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