And so...the "recession" begins

MACKTEXAS said:
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Today didn't set a record, but it blew away a lot of doubt about who is responsible for all of it. Pinhead's.
 

Who_so_ever said:
"according to a HuffPost analysis".......

FAKE NEWS ;)
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Not Fake News, just Old News. I followed the link provided by @NotCompSavy that led to a government page - the United States Government Accountability Office. Plenty of information there, but not current. Still, if it cost that much in 2019, then similar amounts are being expended today.

For example -

Report to Congressional Requesters
January 2019 ⬅️

PRESIDENTIAL TRAVEL
Secret Service and DOD Need to Ensure That Expenditure Reports Are Prepared and Submitted to Congress

Highlights of GAO-19-178, a report to congressional requesters

Why GAO Did This Study The Secret Service is responsible for protecting the President and his family, including adult children when they travel. The Secret Service can request assistance in its mission from other agencies, such as DOD and the Coast Guard. When the President travels, he must fly on DOD aircraft.

GAO was asked to review the travel- related costs for four trips that the President took to Mar-a-Lago and three trips that the President’s adult children made to certain overseas destinations. This report examines

(1) the costs incurred by federal agencies associated with the President’s travel on selected trips to Mar-a-Lago,
(2) the costs incurred by federal agencies associated with certain overseas trips taken by Donald Trump, Jr. and Eric Trump, and
(3) the extent to which the Coast Guard, the Secret Service, and DOD have reported their costs pursuant to the Presidential Protection Assistance Act of 1976. GAO analyzed agency cost data in connection with the President’s travel to Mar-a-Lago and the President’s adult children’s trips to certain overseas locations.

GAO also reviewed the law, agency guidance, and semiannual reports related to the Presidential Protection Assistance Act of 1976. PRESIDENTIAL TRAVEL Secret Service and DOD Need to Ensure That Expenditure Reports Are Prepared and Submitted to Congress

What GAO Found
GAO estimated that federal agencies incurred costs of about $13.6 million for the President’s four trips to Mar-a-Lago from February 3 through March 5, 2017. This estimate consisted of approximately $10.6 million for operating costs of government aircraft and boats and $3 million for temporary duty costs of government personnel supporting the President’s travel, including transportation, lodging, and meals and incidental expenses.

The United States Secret Service (Secret Service) incurred about $396,000, primarily for temporary duty costs, while protecting Donald Trump, Jr. and Eric Trump during three international trips taken in January and February 2017.
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I very much doubt that figures for this current year will be available to the public. The United States Government Accountability Office may not exist for much longer to be able to prepare accounts to Congress about such expenditure.
 
Warrigal said:
Not Fake News, just Old News. I followed the link provided by @NotCompSavy that led to a government page - the United States Government Accountability Office. Plenty of information there, but not current. Still, if it cost that much in 2019, then similar amounts are being expended today.

For example -


I very much doubt that figures for this current year will be available to the public. The United States Government Accountability Office may not exist for much longer to be able to prepare accounts to Congress about such expenditure.
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'' The United States Government Accountability Office may not exist for much longer to be able to prepare accounts to Congress about such expenditure.''

Sadly I agree .
 

125% tarrifs?

I start to now wonder whether this might all turn into something more chilling. No one seems to entirely know what the end game is, especially with the US's forever changing strategy, which might mean that no one will be able to figure out how to negotiate, or what they are even negotiating for. We just watch things go around in circles -- back and forth with pauses, partial tariff reductions then back to significant increases again. Watching the markets forever go up and down, changing on a daily basis. With no one knowing what to do on the trading floor anymore.

It's starting to look like a game of chess being played out in the fog, where no one is entirely sure what the rules are anymore, and no one can quite see the other player, or what their 'position' is. Then, suddenly, one of the players in the fog switches the board around.

In the meantime, and especially between two countries in particular, nationalism might start to set in significantly, with the ‘state media’ on one country in particular drumming up public support under a nationalistic banner. And then perhaps China begins to feel truly backed into a corner, forced toward isolation and economic strangulation. At some point then, all the red lines go out the window,and it’s seen that there may only be one way out?

Wait until the covert cyber attacks start, which is always a constant reality, and then China tries to force a response to change the chess game by miscalculating and entering Taiwan.

Didn’t Japan, rightfully or wrongly, 'feel' backed into a corner by the U.S. due to America’s economic sanctions and resource embargoes prior to entering WWII?
 
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Are you all saying that it's all just fuzzy logic that runs stuff.
Has it all gone down the tubes?

They not going to get it back.
Do the honest ones just resign?
 
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dilettante said:
Canada has bigger problems to worry about, from China having a foot in their elections to things outlined in:

https://www.rebelnews.com/privy_council_report_admits_the_imminent_collapse_of_middle_class

Privy Council report admits the imminent collapse of the middle class​
​
The startling survey reveals that the collapse of the middle class and the widespread unaffordability of independent living are looming threats, which are likely to escalate.​
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Rebel News = Garbage In, Garbage Out.
 
On a lighter note.

The US 'bond' markets fall, and other nations then consider selling the US debt they’re holding because of it – potentially causing Dollar Depreciation. From "Liberation Day" to a "partial U-Turn day", who blinked first? It's like starting a fire, fanning the flames, then calling the fire brigade to 'partly' put it out and take credit for making the 911 call, but still making sure the fire is kept smoldering.

And then, of course, pulling back on some tariffs -- always making sure the fire never truly goes out. Ramping it up with others, and leaving just a 'pause' on the rest, but actually keeping a percentage of it all in place so it can be ramped back up at a later date.

Not unless It’s the "hokey cokey" of global trade. "Hokey-Cokeynomics". One minute they’re up, the next minute they’re down. Or maybe they are just in or out?:

I sense an international sing-along coming on -- we could all dance along to it together.:
You put your left tariff in, your right tariff out, in out in out you shake it all about. You do the trade deal shuffle, and turn it all around -- now that’s what it’s all about. Ohhh, the hokey tariffy. Bonds bend, charts stretch, rah rah rah!

-
 
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Sort of sounds like were getting manipulated by a few pinheads.
Forward, forward, skip a step, forward, forward, skip a step, step
left, Step right and repeat.
------------------
Pull out a hand rag and wipe your sweaty palms. You can't shake it all about. Ug - ick, do the choky Hokey!
 
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MACKTEXAS said:
The uncertainty remains. I don't see how business owners can plan how much or how little to order, or make any reliable forecasts.
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The truth hidden by the bluster and wavering is that the US will now pay at least 10% tariffs on most imports, higher rates on Canada, Mexico and China. Not as bad as 35%, but effectively a national sales tax that will nevertheless raise prices.

My vendors have not rescinded their plans to institute soon-to-be-announced, "not insignificant" price increases.
 
Magna-Carta said:
125% tarrifs?

I start to now wonder whether this might all turn into something more chilling. No one seems to entirely know what the end game is, especially with the US's forever changing strategy, which might mean that no one will be able to figure out how to negotiate, or what they are even negotiating for. We just watch things go around in circles -- back and forth with pauses, partial tariff reductions then back to significant increases again. Watching the markets forever go up and down, changing on a daily basis. With no one knowing what to do on the trading floor anymore.

It's starting to look like a game of chess being played out in the fog, where no one is entirely sure what the rules are anymore, and no one can quite see the other player, or what their 'position' is. Then, suddenly, one of the players in the fog switches the board around.

In the meantime, and especially between two countries in particular, nationalism might start to set in significantly, with the ‘state media’ on one country in particular drumming up public support under a nationalistic banner. And then perhaps China begins to feel truly backed into a corner, forced toward isolation and economic strangulation. At some point then, all the red lines go out the window,and it’s seen that there may only be one way out?

Wait until the covert cyber attacks start, which is always a constant reality, and then China tries to force a response to change the chess game by miscalculating and entering Taiwan.

Didn’t Japan, rightfully or wrongly, 'feel' backed into a corner by the U.S. due to America’s economic sanctions and resource embargoes prior to entering WWII?
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China has two choices: It can adapt itself to the current state of affairs or move toward war. To lose face is not amusing but war does not agree with its long-term plans. What to do? :unsure:
I would guess Option One: do nothing but continue to bite back with words and small tantalizing actions.
 
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Aunt Bea said:
At 125% the stakes may be getting high enough where people will begin routing Chinese goods through countries with low tariffs and shipping them on to the United States. 🤔
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Well, China has been routing goods through Vietnam for some time.
 

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