News: How Steel Tariffs Create Jobs

Discussion in 'Politics & Current Events' started by American Brummie, Mar 1, 2018.

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  1. rslfanboy

    rslfanboy Member+

    Jul 24, 2007
    Section 26
    I’d rather have my Head-Smashed-In Buffalo Jump.
     
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  2. song219

    song219 BigSoccer Supporter

    Apr 5, 2004
    La Norte
    Club:
    DC United
    Nat'l Team:
    Vanuatu
    You'll need some Medicine. Hat that time you'll feel better.
     
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  3. taosjohn

    taosjohn Member+

    Dec 23, 2004
    taos,nm
    On a tear,yo!
     
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  4. Smurfquake

    Smurfquake Moderator

    Aug 8, 2000
    San Carlos, CA
    Club:
    San Jose Earthquakes
    Nat'l Team:
    United States
    I hate to say it, but that sounds more like combining winning with pegging, a sexual activity which Elon Musk allegedly enjoys.
     
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  5. roby

    roby Member+

    SIRLOIN SALOON FC, PITTSFIELD MA
    Feb 27, 2005
    So Cal
    And none too soon! :cautious:
     
  6. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Apparently he also said that they don't have the capacity to do tariff deals with all countries, so some countries should expect the tariffs.
     
  7. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Y'all with those puns need to take off, eh?
     
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  8. roby

    roby Member+

    SIRLOIN SALOON FC, PITTSFIELD MA
    Feb 27, 2005
    So Cal
    Ottawana have to report your post but I will if I have to! :coffee:
     
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  9. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    You should google “winnipegging” right away, on your work computer, and tell us what you find.
     
  10. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Some interesting, and slightly bonkers, data out today.

    upload_2025-5-16_11-17-40.jpeg

    According to Bloomberg (pod) that 50.8 (Sentiment) is the second lowest since the survey has been given.

    upload_2025-5-16_11-19-28.jpeg

    Record low in consumer confidence.

    upload_2025-5-16_11-20-4.jpeg

    Inflation expectations. That 9.6% increase expectations by Dems is bonkers. The 7.3% is on the high end, for me. Pending tariffs (and relatively stable oil prices), I'm expecting somewhere between 4% and 6%. But, of course, I'm certainly not an expert and don't have the reams of data others do.
     
  11. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    US debt downgraded by Moody's, who joins S&P and Fitch. Good job Republicans.
     
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  12. Well, if you tell the financial world you are of the opinion that you can unilateraly change conditions on loans, you just told them your financial credibility sucks.
     
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  13. russ

    russ Member+

    Feb 26, 1999
    Canton,NY
    Club:
    Liverpool FC
    Nat'l Team:
    United States
    Gatineau way this gone dis far wit no reference de la Belle Provence,tete de merde,Fuerrer d'chien!
     
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  14. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Moody's is saying it is the history of debt that is the problem.

    https://www.marketwatch.com/story/u...-but-its-not-good-news-3c628265?mod=home_lead

    Moody’s, in a news release after the market close, said it had cut the U.S. rating by one notch, to Aa1 from Aaa, and that the move “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns.”

    And I doubt Powell's comments earlier this week really had much to do with this.
     
  15. roby

    roby Member+

    SIRLOIN SALOON FC, PITTSFIELD MA
    Feb 27, 2005
    So Cal
    This Gonyea get you non points in the race to the punditnatory Temple de la Renommee! :mad:
     
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  16. dapip

    dapip Member+

    Sep 5, 2003
    South Florida
    Club:
    Millonarios Bogota
    Nat'l Team:
    Colombia
    I'm almost sure that the deficit increase that will happen under the new budget and with reduced economic output, and the GQP congress's inability to pass clean funding bills, were also factors.
     
  17. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Sure. But as in a continuation of the same, not as something new.
     
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  18. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    upload_2025-5-19_13-20-54.jpeg

    Will somebody explain this? How can a majority think we have a strong economy if we have increase tariffs, decreasing home building, rising interest rates, the lowest consumer sentiment since forever, and expectations that inflation will be at 6.3%?
     
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  19. Perception, my friend, perception.
     
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  20. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    They’re asking how people are feeling about their own economic condition, not what’s in the news.
     
  21. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Both consumer sentiment and inflation expectations are what they think about the economy. IOW, contradictory soft data. Granted, the home building and interest rates are hard data, but still.
     
  22. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    I know. But it's bizarre.
     
  23. dapip

    dapip Member+

    Sep 5, 2003
    South Florida
    Club:
    Millonarios Bogota
    Nat'l Team:
    Colombia
    People are indeed stupid.
     
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  24. Umar

    Umar Member+

    Sep 13, 2005
    One step ahead
    Club:
    Real Madrid
    Nat'l Team:
    Palestine
    It’s a case of looking at a cliff edge with recession looming due to tariffs, and then the cliff recedes so that it’s now three months away from you, and you realise things aren’t that bad in “Biden’s economy” after all.
     
  25. song219

    song219 BigSoccer Supporter

    Apr 5, 2004
    La Norte
    Club:
    DC United
    Nat'l Team:
    Vanuatu
    Unemployment rates are still low. That is going to affect everyone's perceptions more than anything else with the exception of inflation.
    My first tariff affected purchase. A motorcycle tank bag that had been listed in the catalogue at $125 had a new updated price of $150 via the web.
     
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