Economy US manufacturing survey shows worst reading in a decade

[Orgasmo]

If it was close to even they would not have boomed for 25 years straight.

Not saying there is zero truth, but Chinese have zero shame in promoting their own narrow interests, even with lies or exaggerations.

Nobody is saying to accept the story as it is, but it's good to know how the other side's mentality going into negotiation. Those that have an understanding of how their competitors think have an inherent advantage in these circumstances in producing a positive outcome. Orange Julius clearly thinks he can get China to accept whatever conditions he throws like how he fleeced small time contractors.

We're pretty fucked going into a recession as it is. Central banks around the globe lowered interest rate so much to combat the last recession that we have no room to go further should we need to. The amount of debt has also been massively increased. If you looked at the Great Depression in the 1930's, protectionist policies and tariffs by governments to protect domestic industries only prolonged the pain and prevented recovery.

 

[NoDak]

Oh, and producing all the things people buy on Amazon is not "antiquated" industry. It's wealth building industry until people stop buying things for God sake.

Definitely Not Antiquated Manufacturers:

@ElKarlo

 

[IGIT]

Shocking that low paying antiquated jobs aren't coming back in droves under any circumstance.

hi Satsui Ryu,

its even more shocking that the electorate bought in to the idea that one man...one special dealmaker, could do it. just because he said he could.

- IGIT

 

[Graves The Elder]

Thanks, Obama

 

[7437]

hi Satsui Ryu,

its even more shocking that the electorate bought in to the idea that one man...one special dealmaker, could do it. just because he said he could.

- IGIT

but he said to trust him. no one would say that unless you could trust them.

 

[NoDak]

US manufacturing and its main global exports are centered around heavy industry and capital goods: energy, enterprise-grade hardware and industrial high technology. None of that is going anywhere.

 

[TribalDrumz]

US manufacturing and its main global exports are centered around heavy industry and capital goods: energy, enterprise-grade hardware and industrial high technology. None of that is going anywhere.

It’s not going anywhere , but large electronics companies like the one I used to work for took huge profit hits since the China goods bans. They had like 2 sister companies in Shang Hai. Basically scheming the system by selling parts to China and distributing everywhere. Basically shareholders and ceos will profit less but they are going nowhere selling to defense contractors and aerospace.

 

[PEB]

China just sent a signal that they are pretty much done with dealing with the US. They now expect the US to come to their collective senses. Basically they are saying they can ride this out far longer then the US. They also think that the rest of the world thinks the same way.

 

[bobgeese]

China just sent a signal that they are pretty much done with dealing with the US. They now expect the US to come to their collective senses. Basically they are saying they can ride this out far longer then the US. They also think that the rest of the world thinks the same way.

^^^ believes China....



Let me translate for you.

We (China) will wait another year until the US election in hopes a democrat wins and will continue bending over for us like they have the last 20 years.

 

[NoDak]

Hmm, of these:

Microchip Technology and ON Semiconductor are both headquartered here; Intel has three separate fabrication plants and more advanced manufacturing production than anywhere else in the world; Air Products has one of their major cryogenic nitrogen plants down the street and its semiconductor spinoff Versum Materials is headquartered here; Northrop Grumman has its Flight Systems division and Boeing builds the Apache AH-64's here.

Definitely Not Antiquated Manufacturers:

@ElKarlo

 

[NoDak]

US shipped $1.66 trillion in goods around the globe in 2018, making it easily the world's second largest exporter. American manufacturing still accounts for a fifth of total global production, we just don't really produce cheap consumer goods anymore. The idea that nothing is produced here is a yuge myth, it's heavy industry and capital goods. You know, all of the cool shit that makes the planet run.

 

[NoDak]

 

[NoDak]

 

[ElKarlo]

Yep seems this recession gear is overblown. I think whatever it was, trade wars, Brexit, business sentiment etc has passed.

 

[PEB]

You're right in that they aren't - and won't be - of a low-skill and antiquated variety. End this stupid trade war (tariff) bullshit and allow American innovation to reinvent the sector. It was already doing that and on a relentless upswing, for myriad reasons.

2018 data things have a chance to swing.

 

[NoDak]

2018 data things have a chance to swing.

Of course, but at least it's rooted in actual developments.

 

[MicroBrew]

Well, this is a direct consequence of the trade wars the POTUS has (largely) needlessly started simultaneously. You can thank your Fed for ensuring you will still have leeway in monetary policy when the shit hits the fan, something the EU does not have. The US is gonna be fine in the next crisis, at least comparably. Trump still needs it to happen late enough not to interfere with the election, of course.

Trump's trade war with China is awesome, wish he would ratchet it up even more.
His tough stance on trade with long standing allies, is a bad bad idea.

 

[NoDak]

Trump's trade war with China is awesome, wish he would ratchet it up even more. His tough stance on trade with long standing allies, is a bad bad idea.

You're pro-tariffs? There's far better ways to fuck them, and which also strike at the heart of what is probably the fundamental issue with the CCP.

 

[7437]

You're pro-tariffs? There's far better ways to fuck them, and which also strike at the heart of what is probably the fundamental issue with the CCP.

relaxed trade with literally every country tht isnt china with big time tariffs on the could be a serious power move on china. Especially if we could convince the EU to do the same, it would be devastating. And very easy to bring 3rd party countries like India into the same coalition.

Thats not what happened though. Just president shit making everyone in the world against us.

 

[NoDak]

relaxed trade with literally every country tht isnt china with big time tariffs on the could be a serious power move on china. Especially if we could convince the EU to do the same, it would be devastating. And very easy to bring 3rd party countries like India into the same coalition.

Thats not what happened though. Just president shit making everyone in the world against us.