U.S. Politics

[Lone Star]

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Oh my. The Cheerleaders for Failure are bound to be unhappy again today.

The University of Michigan, responsible for the consumer confidence numbers every month, reveals that September showed consumers to be more optimistic about the future and happier about their current circumstances.

The numbers rose to 93.2, which beat estimates.

August was below 90.0, but probably due to the recession, recession, recession drumbeat by the media.

Richard Curtin, Survey Chief Economist:

“Despite the high levels of confidence, consumers have also expressed rising levels of economic uncertainty. Some of these concerns are rooted in partisanship, some due to conditions in the global economy (Brexit, Iran, Saudi Arabia, China), and some are tied to domestic economic policies.”

I'm sure if the media and those cheering for failure double their efforts at talking down the economy, they can come closer to reaching their goal of negatively impacting consumers' positive outlook and get the US closer to economic failure.

[Lone Star]

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There's always something more to be done to encourage free & fair trade.

The next best thing to not trading with China at all -- set a limit on how much investment can be done in China to protect US investors from excessive risk due to the Communist Chinese lack of consistency in their regulatory policies. Their "rules/laws" can change overnight on a dime.

Bloomberg reports that the White House is considering such a move. However, there's no time frame, and it's only in the talking stages in the administration.

The other avenue that the White House may take is to remove Chinese companies from the American stock exchanges. A third consideration is to restrict US pension funds from investing in anything in China-related. Again, to avoid risk.

Chinese companies took an immediate hit on the stock exchanges after this news, and China's currency weakened more against the dollar.

[Doodoo]

Consumer Confidence in U.S. Declines by Most in Nine Months
Bloomberg
William Edwards
BloombergSeptember 24, 2019

U.S. consumer confidence posted the biggest drop since the start of the year as Americans’ expectations for the economy and the job market deteriorated, posing a risk to the household spending that is underpinning growth.

The Conference Board’s index decreased in September to a three-month low of 125.1 from a downwardly revised 134.2 a month earlier, according to data from the New York-based group. The median forecast in a Bloomberg survey of economists called for 133. Both the present situation and expectations gauges declined, with the latter dropping to the lowest level since January.

[Doodoo]

The drop for August is seen below It was not
"August was below 90.0, but probably due to the recession, recession, recession drumbeat by the media."


"The index was at 98.4 in July, making this the largest monthly decline since December 2012. Economists polled by Refinitiv expected the final read on August consumer sentiment to reach 92.1.

The drop comes after a turbulent month in the trade war between the United States and China."

[Lone Star]

Trump speaks at a Hispanic Heritage Month reception

That damn racist Trump.

[Lone Star]

Now ALL the frontrunners are going after Wall Street, and Gramma Lizzie says she doesn't care if Wall Street won't back her campaign. And Bernie finally admitted that he's going to tax wage earners of $30,000 and up.

Dems are in big damn trouble.

[Lone Star]

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A 15 year old case in the World Trade Organization between the US and the EU is set to be decided on Monday. This case is from the GWB administration.

The WTO is likely to back the US in imposing billions in tariffs on European products.

Compensation is being sought by the US for illegal subsidies granted to the plane maker Airbus by European governments. Shares of Airbus fell when reports recently surfaced.

Reports out of Washington indicate that tariffs of 100% may be imposed on the EU that would be estimated at over $10 billion per year.

[Lone Star]

[tamada]

...
Compensation is being sought by the US for illegal subsidies granted to the plane maker Airbus by European governments. Shares of Airbus fell when reports recently surfaced.
..

Airbus stock did fall by around 7 points in December 2018 when this was first announced. However, since then...

And they don't have to pay the FAA to self-certify either.

[papafarang]

...
Compensation is being sought by the US for illegal subsidies granted to the plane maker Airbus by European governments. Shares of Airbus fell when reports recently surfaced.
..

Airbus stock did fall by around 7 points in December 2018 when this was first announced. However, since then...
airbus stock.jpg

Sell them all to China then, world's largest market very soon ,and they fly unlike Boeing....December 2018 is recent? Some dementia setting in there.

[Lone Star]

Not for the weak minded. It's almost an hour long.

The Chinese Communist economy ... their dependence on dollars ... their violations within the WTO and their failure to comply with their promises to enter the WTO ... the world overlooked China's failures in the WTO in the hopes that they would become an open market, but they've moved in the opposite direction ... China gets a pass.

[Doodoo]

KYLE BASS
Despite his early success in predicting subprime mortgages, he has received criticism for subsequent poor performance of investments. Bass has made prominent bets based on predictions of debt crisis in Japan and European sovereign debt, and shorted the Chinese yuan premised on a predicted collapse in the Chinese banking system. His fund has also challenged patents held by drug companies and shorted their stocks. His Japanese and European strategies have not been major successes and the Chinese yuan short led to severe losses for his fund in 2017. The drug patent challenge campaign fizzled after several legal setbacks.

Certainly doesnt look a winner to me

[jackspratt]

Ya' couldn't make it up.

Hedge fund manager Kyle Bass is no fan of Elizabeth Warren's populist platform. He calls her proposed wealth tax unconstitutional.

Still, he's hoping she is the Democrats' presidential nominee and wins the White House in 2020.

Bass, founder of Hayman Capital Management, told CNN Business in an interview this week that he would "immediately" vote for Warren because of her tough stance on China's human rights and trade record.

"Warren would be a problem for China," said Bass, who is a longtime vocal critic of China.

https://edition.cnn.com/2019/08/08/busi ... index.html

Yes, that Elizabeth Warren - previously described on here by LS as " a socialist like Gramma Lizzie".

Anyway, Bass goes on to say:

"She's the most competent candidate that has the best ability to develop practices for US national security over time," Bass said.

Oops!

[Lone Star]

. . .

Certainly doesnt look a winner to me

Look who's deciding winners.


If the "standard" is that anyone who has ever been wrong about anything is to be automatically ignored or discounted, that standard would even prevent YOU from being believed -- and every other imperfect human being.

Your respones are lazy and reflect a continued effort to troll.

Perhaps for once, you can call up that business executive experience you claim to have, along with your impeccable understanding of US politics and US markets and economics, and refute Mr. Bass' assertions in the video. Original thoughts, please. Copy & paste is unacceptable.

When you finish with that, you can explain how you perceive the Communist Chinese economy in the WTO. Again, only original thought.

Once again, the floor is yours.

[Lone Star]

. . .

I'm glad you posted that. It shows exactly why you and I are different.

Just because I agree with Bass' view of the Chinese economy doesn't mean I agree with his politics. I could cite many people for which the same would be true. I don’t discount a person entirely because of their view(s) on selective topics.

I don't agree with Warren Buffett's politics, but I have followed many of his investing tips and read many of the books on his list of suggested readings. I didn't agree with everything Reagan did or GWB or even Trump. And? Only a closed-minded idiot would summarily reject everything from an individual over disagreements in other topics.

By the same token, success in one area or prediction doesn't mean that everything they say should be accepted. Only an idiot would do that, too.

This is the 3rd time in about a week that you appeared to think you were catching me in some contradiction.

Your efforts have, in fact, done everything to allow me to confirm my position and tell you that you are correct. You have helped me to show that my views are consistent. Thank you.

The first involved my consistent view of state's rights. The second was my always consistent view of the weak POS John McCain running for president.

This makes 3 strikes to go with your vocab flubs.

You're slipping, jack. Emotion is taking control of your posting habits. Your gotcha game is suffering.

[Doodoo]

A) "Perhaps for once, you can call up that business executive experience you claim to have"
Had to cut and paste so as to define,"A business executive is a person responsible for running an organization, although the exact nature of the role varies depending on the organization." from Wikipedia. ANSWER: Done that many times and made money along the way also

B) "Impecable understanding of US Politics"
ANSWER: Have read vertually all the piffle printed by individuals who say they are experts that has been printed on this venue, so that should qualify

C) Understand Us markets and Economics
ANSWER: Well this one is slightly more difficult but I did live and work in the states a number of times and without going into great detail I did notice that Walmart was always busy 24 hours a day

Copy & paste is unacceptable. When did you set the rules?
As for Kyle Bass and his past performances I would classify him, how would you put it a "Clown"

[jackspratt]

It shows exactly why you and I are different.

That's been pretty clear for a long time now.

Only an idiot would think otherwise.

[Lone Star]

RNC and Trump Campaign -- just by Wednesday -- was bombarded with $5 million in donations after Pelosi made her phony impeachment inquiry announcement. There were donors from all 50 states.

I'm sure it's even more than that by now.
. . .

*** UPDATE ***

Yes, it is more now.

Over $15 million in small-dollar donations since Pelosi's phony impeachment inquiry announcement.

The campaign also announced that these donations came from "tens of thousands of new donors."

STEADY WINNING.

[Doodoo]

"World
Israel Has Submarines Armed with Weapons That Could Kill Millions of People"

https://www.yahoo.com/news/israel-subma ... 00797.html

Now why do they get Nukes and no one else. The Isrealis are well short of Nuts

Read on

[Lone Star]

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“If anyone thinks a partisan impeachment process would constrain President Trump, they are fooling themselves. Without significant bipartisan support, impeachment proceedings will be a lengthy and divisive action with no resolution.

“I believe it will be a failed process that will end up even further dividing our country and weakening our ability to act together on issues like passing USMCA, containing foreign threats and growing our economy."
- Rep. Collin Peterson, (D-MN 7)

Representative Peterson is in a district that Trump carried by 30 points. The distrct is +12 registered Republican. Peterson and others like him are also up for re-election in 2020. They know that Pelosi has put them on thin ice.