Karl Denninger with Max Keiser
https://www.youtube.com/watch?v=q-1fWXql1UM
Karl comes in at around 12.30 mark.
Mish with Max Keiser
https://www.youtube.com/watch?v=vUgwUDXQ1JM
I come in around the 12:35 mark.
Thanks to Max and Stacy.
Mike “Mish” Shedlock
Bilateral trade negotiations (which are long overdue, btw) are now referred to as “Trade Wars”. Gimme a break.
The militaristic/death cult-like hyperbole that is so casually thrown around here is just too ridiculous to ignore… trade WARS?!?!? Really?
None of the tariff stuff will be around long-term… it’s all posturing… so everyone can stop wetting their pants every time DT threatens ‘tariffs’ rhetorically. Change your diapers, and wait until you taste the omelette before filing lawsuits over cracked eggs, FFS.
Karl Denninger is a complete ignorant, arrogant moron who knows nothing about Economics. He should be getting zero air time from anybody.
Not knowing a subject has never stopped him from thinking he’s an expert. He ran an ISP 25 years ago, so he knows everything,
I’m not fond of him, far too arrogant and uncompromising, but he does have good arguments. Refute the argument. Not the source of the argument.
I used to read his forum. I questioned him on something he wrote and his response was to ban me from his forum. Prior to that, he would delete my posts. He’s written a lot of nonsense that I’ve refuted.
Denninger is NOT ignorant.
His plan How to Make Healthcare less expensive in USA is actually well thought out and would lower prices by over 50%
Trump is using Tariffs to force a better trade deal. Considering the US has gotten screwed for way to long, what’s wrong with Trump’s tactics? What would be your solution, other than exploiting other people.
If those tactics work, great. So far, they have only screwed us harder. At what point do his supporters concede?
Concede to what, the policies that got us to where we are?
Two stupidest economic decisions:
Am I to infer from your argument that, because people were idiots in the past, it’s just awesome that Trump is an idiot now?
China:
slave wages and destroying the environment as competitive advantages using mercantilist policies to tie Yuan first to dollar and now to a basket of currencies where dollar and Euro are most weighted to make sure exports to USA and EU flow.
USA:
Consumption has continued with ever increasing levels of debt for people, companies and government so multinational companies have got their profits despite taking away the jobs and the tax base from the jobs and factories because people keep consuming in debt aided and abetted by FED.
Economy is based on a bubble-after-bubble where high paid jobs are based on speculation while at the same normal people are made to take the offshoring of jobs in the chin and the situation is worsened by importing tens of millions of illegals.
Multinational companies and large companies have also been able to increase their profits because the FED enabled debt increases have kept consumers consuming while the cost of production has dropped thanks to taking production to China (or Mexico) so the stock prices are sky high because the profits enabled by offshoring production and continuing consumption based on debt are high.
Conclusion:
This can NOT last.
FED policies together with China (and Mexico) have enabled an economic suicide committed by USA under George W. Bush (allowed China to WTO) and Barack Obama and people most benefiting are those 1% that own most of the stocks. The other 9% elite have also benefited a lot with some trickle down for speculative professions like realtors and finance.
90% of Americans have got NOTHING but DEBT.
Trump should put more tariffs so that when he puts tariffs on steel and aluminum he also should increase the tariffs for steel and aluminum products the same amount so US buyers do not switch from US nail manufacturer to foreign manufactured nails as an example.
“trade war”,china an industrial power house commie slave state in one corner,annnnd USA (lol) a bankrupt, part time minimum wage temp nation that produces nothing (other than dept).Who’s got moar to lose?