It turns out that abandoning allies and tossing out security guarantees is bad for business. While U.S. defense stocks are slumping, European defense stocks are rising quickly because the markets have concluded that those governments will be spending lots more on defense. And every government around the world knows what happened to Zelensky last week in the Oval Office. The conclusion that many leaders will draw from the altercation that Trump and Vance had with Zelensky is that U.S. security guarantees-a key reason why countries tend to buy U.S. weapons- are not going to be a convincing argument anymore. Since Trump's inauguration, shares in the six biggest U.S. defense companies have fallen by an average of 4 percent. Meanwhile, shares of Europe's largest defense groups - including Germany's Rheinmetall - "have surged" by almost 40 percent in the same period. read more
Traders are starting to price in the possibility that the U.S. economy might fall into a recession - and one Wall Street veteran says that might actually be the Trump administration's plan. read more
Trump, during an Oval Office meeting with British Prime Minister Keir Starmer, tempered his comments about Zelensky, including a social media post last week in which Trump called Zelensky a "dictator with elections." When asked by a reporter whether he still believed Zelensky was a dictator, Trump responded: "Did I say that? I can't believe I said that. Next question. read more
Trump announced Wednesday that the Resolute Desk has been temporarily removed from the Oval Office to be "refinished," a touch-up that occurred just days after Elon Musk's son seemingly picked his nose and wiped it on the historic piece of furniture. read more
Big US contractors Lockheed Martin, Northrop Grumman, and L3Harris have all lost about 10% over the past month. It's a very different story in Europe, though. read more
El Rey Dotardo II will get his recession in about six months. As far as 'engineering' the matter, it's like engineering a bar fight. In the end, it's a mess, lots of people are hurt, and no one wants to go back to that bar. The problems with the Dotard's strategy include (1) US consumers and businesses will no longer trust this maniac, so spending will remain very low for an extended period, (2) no spending means no new jobs, which means many of the unemployed will be on the dole longer than normal, and once they run out of state benefits, spending will fall more and hardship and pain will grow, (3) our erstwhile foreign trading partners will avoid the US like they would a pile of dog droppings on the sidewalk, meaning less demand for any US products, from software to winter wheat, and (4) interest rates will certainly fall, as a function of lack of demand for capital. No one building or buying homes, no one buying a Maria Bartiromo model Dodge Ram, no one buying McDonald's value meal. Just as a train wreck involves an engineer, the US economy will wreck soon enough, thanks to the engineer clowns now at the helm...All of that is a small price to pay to save Donald Trump millions on his business loans.
#5 | Posted by catdog
President Trump will personally benefit from the Fed rate cut he pushed
The recent Federal Reserve interest rate cut has clear political benefits for President Trump, but it appears the cut will be doubly beneficial to him, as he also now stands to save millions in loan payments in coming years as a result of the rate cut.
www.citizensforethics.org August 2, 2019
Let the irrational liberal shrieking commence!
It's a loser issue. The sooner Dems wrap their heads around that, the sooner we can start focusing on stuff that actually matters and might help win some elections.