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A comment on China backtracked on almost all aspects of U.S. trade deal – sources. Parent comment

Re:China backtracked on almost all aspects of U.S. trade dea... by rrggrr on Wednesday May 08, 2019 @10:29AM (#19859101)
The facts say differently:

GDP growing around 3%.

US net exports up about $55b.

Unemployment 50 year low.

Minority unemployment record low.

Non-farm payrolls up by about 3%.

Business confidence (Fed Ind Businesses) highest in 45 years.

(sources)

https://www.whitehouse.gov/trump-administration-accomplishme...

https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-g...

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Re:China backtracked on almost all aspects of U.S. trade dea... by amanaplanacanal on Wednesday May 08, 2019 @12:28PM (#19860435)
Presidents (of both parties) like to take credit for those kinds of economic results. In reality the federal reserve and what they are doing with interest rates and the money supply is mostly responsible for economic cycling, not the president.
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Re:China backtracked on almost all aspects of U.S. trade dea... by rrggrr on Wednesday May 08, 2019 @01:45PM (#19861232)
This is not correct. My profession put(s) me in a position to work directly with CEO's nationwide. Trump's election and his policies moved these folks to invest in people, plants and equipment. Fed policy had nothing to do with it. Believe what you will, but I'm relaying to you the ground truth.
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Re:China backtracked on almost all aspects of U.S. trade dea... by mikeash on Wednesday May 08, 2019 @10:44AM (#19859259)
Continuing the trends of the last decade.
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Re:China backtracked on almost all aspects of U.S. trade dea... by awinder on Wednesday May 08, 2019 @11:59AM (#19860118)
2018 was not a great year on the markets (regardless of feel-good business confidence in 2018), farms & manufacturing are getting killed by the tariffs. Your facts & my facts coexist in the real world.
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Re:China backtracked on almost all aspects of U.S. trade dea... by Fjolsvith on Wednesday May 08, 2019 @07:49PM (#19864073)
Farms are going to see a big turnaround after China's hog famine this next year.
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Re:China backtracked on almost all aspects of U.S. trade dea... by 0xDEFC0DE on Wednesday May 08, 2019 @10:42AM (#19859240)
Don't forget that yield curve inversion
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Re:China backtracked on almost all aspects of U.S. trade dea... by jtx22 on Wednesday May 08, 2019 @10:43AM (#19859252)
Indeed, good work by the Trump admin. here.
[ Parent | on HN ]