Are we winning yet?

[Foo]

Yup!

https://www.yahoo.com/finance/news/live ... 10799.html

[showa58taro]

Nope. Bad numbers.

[Headhunter]

So basically foreign countries are scrambling to buy American products before being hit by tariffs.

Drop coming next quarter.

[Foo]

This reminds me of the speech Harvey Keitel gave to George Clooney in From Dusk Till Dawn.

[Tiggnutz]

Trump hasn't done anything amazing or revolutionary it's all been common sense maneuvers in my opinion. Breaking bad habits is always difficult but need to be done. Any democrat who did the same thing would be praised by democrats and demonized by the right.

[showa58taro]

They would not be praised. These are idiot moves by an idiot president. The bump will be the start of a bad period as no more goods will be bought in those quantities.

[Tiggnutz]

They would not be praised. These are idiot moves by an idiot president. The bump will be the start of a bad period as no more goods will be bought in those quantities.

Time will tell

[Headhunter]

We're all fortunate the Trump administration hasn't been tested by serious crises the way Dubya's constantly was.

[Tiggnutz]

We're all fortunate the Trump administration hasn't been tested by serious crises the way Dubya's constantly was.

Agreed

[Foo]

They would not be praised. These are idiot moves by an idiot president. The bump will be the start of a bad period as no more goods will be bought in those quantities.

Idiot moves like:

- Enforcing our immigration laws
- lowering taxes
- renegotiating bad deals
- making peace overtures with North Korea
- making peace overtures with Russia
- killing the Obamacare mandate
-
Hate to see what you believe to be smart moves.

[Foo]

Oh, and Trump has wiped out 80-90% of ISIS.

[showa58taro]

Well, this was talking about the q2 growth stupidity, not the other dumb things he did. But sure, playing servant to Russia as it meddles in your election and tries to destroy your democracy can be a good thing for someone somewhere I’m sure.

On the Q2 point though, it’s the wrong kind of growth. It’s the unsustainable kind that underpins a much larger issue here which is that you’re not creating sustainable growth or increased economic capacity through output. You’re effectively over-revving as an economy without bringing about things you need like wage growth for the poor and middle class, increased production (selling all your soybeans one quarter isn’t sustainable) or some other innovation in say energy. Instead of expanding industries with high potential and expansion you’re penalizing them and trying to keep alive a dying industry that is non-competitive.

Throw in the impact of EU and China Tariffs suddenly meaning farmers, probably automakers next, and some industries getting government bailouts and you’re setting up a lot of poor choices based on cronyism.