April was best month in history for U.S. budget, according to CBO figures

brian4d

Well-known member
Dec 3, 2007
5,602
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High Point, NC
Wait Scott, I thought trade imbalance didn't matter all that much? that's what you said. Guess it does after all. It's okay the other job numbers look great. Now that I look at it, pretty much all the numbers look great. Imagine that. KAG!

 

brian4d

Well-known member
Dec 3, 2007
5,602
11
High Point, NC
I guess all these businesses should consult you Brian. You know exactly how to replace/grow that lost business.



U.S. businesses are taking down job listings as Trump’s trade war grows
Win Cramer had big plans to hire several new employees this summer for his company, including a chief operating officer, but he took the job listings down after President Trump tweeted that more tariffs would hit Chinese goods in September.

Trump’s escalating trade war has spooked business executives. There’s already been a noticeable decline in business investment as corporate leaders say Trump’s tariffs and unpredictability are creating too much uncertainty, dissuading them from spending large sums on new buildings or equipment. Now there are early signs that business leaders are beginning to pull back on hiring, too.

“It’s the most frustrating time I’ve ever had running a business, and I’ve been doing this for 20 years,” said Cramer, chief executive of JLab Audio, which makes wireless ear buds and headphones that are sold at Best Buy, Target and elsewhere.

Cramer has lived in the midst of the trade whiplash all summer. His business was thriving in the spring and he wanted to bring on three new employees, a significant investment for a company with 35 current employees. He drafted job descriptions for two entry-level customer service jobs and the COO position, but he put everything on hold in June after trade talks between the U.S. and China broke down.

He moved forward again after Trump and Chinese President Xi appeared to negotiate a truce at the end of June on the sidelines of the G-20 summit in Japan and even began interviewing candidates. But then Trump tweeted on August 1 that he would move forward with a 10 percent tariff on another $300 billion of Chinese imports, meaning nearly all goods coming from China to the United States would have a hefty added tax.

“We put hiring on hold again after the tweet came out,” said Cramer. “We’re in a business where we need certainty. We can’t make investments because we don’t know if those investments will have to be absorbed or dissolved.”

JLab Audio expects that its products will be part of the $300 billion that could be impacted as early as September, just as goods are starting to flow heavily from China to the United States for the prime holiday shopping season. Manufacturing elsewhere is not an option, he says, given his company’s size and the fact that China dominates a lot of consumer electronic production.
Hold up, this owner decided he wanted to start an American business in 2005 and walk right into backyard with Sony, Bose, JBL, plantronics and the rest? that's your problem Scott, you don't hold people accountable who make bad business decisions. You latch onto some sappy WP article where the edititor had to fish for months to even find a company that was doing bad. Guarantee the owner only agreed to the piece to boost marketing and brand exposure. WP for the win!

Get a life Scott.
 

SGaynor

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Callsign: KN4KFS
Dec 6, 2006
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Bristol, TN
Hold up, this owner decided he wanted to start an American business in 2005 and walk right into backyard with Sony, Bose, JBL, plantronics and the rest? that's your problem Scott, you don't hold people accountable who make bad business decisions. You latch onto some sappy WP article where the edititor had to fish for months to even find a company that was doing bad. Guarantee the owner only agreed to the piece to boost marketing and brand exposure. WP for the win!

Get a life Scott.
Yeah...It's so hard to find companies negatively impacted by the tariffs. Here's 200+ (from the end of 2018, I'm sure the number has risen):

https://www.cato.org/publications/commentary/here-are-202-companies-hurt-trumps-tariffs

WSJ also seemed to find a few:
https://www.wsj.com/articles/when-it-comes-to-tariffs-many-u-s-companies-are-on-chinas-side-11561627806

Like I said, they should hire you as a consultant - You know how to generate $500M in sales in 6 months.
 

SGaynor

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Dec 6, 2006
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Who cares...plus this doesn't make you any less of an idiot..so why post it?
Who cares?

Oh, I don’t know....maybe anyone with a 401k (stock market tanked because of the tweet); every CEO that does business with China; every worker who’s company does business with China? Maybe those folks?

Then there’s the whole, “The President (dictator) can just tell American companies who/where to do business.”

You know, that whole Communist Central Planning thing.

But of course your answer would be, “Who cares?”
 

gimebakmybulits

Well-known member
Dec 11, 2013
391
6
Pasadena
Who cares?

Oh, I don’t know....maybe anyone with a 401k (stock market tanked because of the tweet); every CEO that does business with China; every worker who’s company does business with China? Maybe those folks?

Then there’s the whole, “The President (dictator) can just tell American companies who/where to do business.”

You know, that whole Communist Central Planning thing.

But of course your answer would be, “Who cares?”
Seriously, you do know that the president can't order companies to do shit... right?
Look past your own TDS, think and then post
 

SGaynor

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Callsign: KN4KFS
Dec 6, 2006
6,074
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Bristol, TN
Seriously, you do know that the president can't order companies to do shit... right?
Look past your own TDS, think and then post
I know that.

Apparently Trump - you know...The President - thinks he does.

So back to reading comprehension - I didn’t say it, so why are you calling me the idiot? Who’s the idiot?

Hint: Your Lord and personal Savior, Trump.
 

gimebakmybulits

Well-known member
Dec 11, 2013
391
6
Pasadena
I know that.

Apparently Trump - you know...The President - thinks he does.

So back to reading comprehension - I didn’t say it, so why are you calling me the idiot? Who’s the idiot?

Hint: Your Lord and personal Savior, Trump.
You are so constrained by your limited view (or hatred) of Trump and what's happening that you won't take time to entertain any possibility of a long end game that's being played out. Also pretty sure Trump is looking at the economic and military situation as a whole and not two separate issues.......in my opinion that does make you the idiot.
 

SGaynor

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Dec 6, 2006
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Bristol, TN
You are so constrained by your limited view (or hatred) of Trump and what's happening that you won't take time to entertain any possibility of a long end game that's being played out. Also pretty sure Trump is looking at the economic and military situation as a whole and not two separate issues.......in my opinion that does make you the idiot.
🤣🤣🤣
 

SGaynor

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Dec 6, 2006
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This isn't good. It's THE reason the feds bailed everyone out in 2008.

https://www.cnn.com/2019/09/17/business/overnight-lending-rate-spike-ny-fed/index.html
The rate on overnight repurchase agreements hit 5% on Monday, according to Refinitiv data. That's up from 2.29% late last week and well above the target range set in July by the Federal Reserve, which is 2% to 2.25%. The surge continued Tuesday, with the overnight rate hitting a high of 10% before the NY Fed stepped in.
Although it doesn't get as much attention as the Dow or the 10-year Treasury rate, this overnight market plays a central role in modern finance. It allows banks to quickly and cheaply borrow money, for short periods of time, often to buy bonds like Treasuries. This market broke down during the 2008 financial crisis.