US Stock Market Officially Crashes
- Thread starter mentalfloss
- Start date
What is it with you two buffoons? Are you trying your hardest to out stupid each other?
Trump's new tariffs are about to hammer American wallets — and Goldman Sachs says the US economy may not recover for years
"The most recent proposed tariff escalation would boost US consumer prices slightly further than previously estimated and would reduce US growth slightly further as well," economists at the bank including Andrew Tilton and Alec Phillips wrote in a report dated August 26.
The rise in consumer prices would be felt by ordinary Americans, as the price of goods would go up. The latest proposed tariffs due to kick in on September 1 will include items like apparel, footwear, electronics, and TVs.
Planned tariffs due to take effect in mid-December — the height of Christmas shopping season — will include cell phones, computers, and toys. Tariffs on European cars would add to price increases, the bank said.
If they're implemented, Goldman says: "The impact of a 5-percentage-point tariff step up (on all Chinese imports except the December 15th tranche) would boost core consumer prices by another 0.05% to 0.10% by mid-2020," said Phillips and Tilton.
"Our new baseline reflects a cumulative boost to consumer prices of just over 0.4%, and we see the impulse to core PCE inflation (Personal consumption expenditures) peaking at +0.3 percentage points in mid-2020," they added.
More: https://markets.businessinsider.com...p-fall-on-trade-war-tariffs-2019-8-1028476053
- Trump's trade war is hammering US growth and is set to raise consumer prices, according to Goldman Sachs economists.
- "Last week we nudged down our growth forecasts for Q3, Q4, and 2020 Q1 by 0.1 percentage point, and now expect growth of 2.0%, 1.7%, and 2.2%, respectively."
- The bank also said that real GDP growth will continue to decline until the end of the year, and won't recover to pre-trade war levels till mid-2021.
"The most recent proposed tariff escalation would boost US consumer prices slightly further than previously estimated and would reduce US growth slightly further as well," economists at the bank including Andrew Tilton and Alec Phillips wrote in a report dated August 26.
The rise in consumer prices would be felt by ordinary Americans, as the price of goods would go up. The latest proposed tariffs due to kick in on September 1 will include items like apparel, footwear, electronics, and TVs.
Planned tariffs due to take effect in mid-December — the height of Christmas shopping season — will include cell phones, computers, and toys. Tariffs on European cars would add to price increases, the bank said.
If they're implemented, Goldman says: "The impact of a 5-percentage-point tariff step up (on all Chinese imports except the December 15th tranche) would boost core consumer prices by another 0.05% to 0.10% by mid-2020," said Phillips and Tilton.
"Our new baseline reflects a cumulative boost to consumer prices of just over 0.4%, and we see the impulse to core PCE inflation (Personal consumption expenditures) peaking at +0.3 percentage points in mid-2020," they added.
More: https://markets.businessinsider.com...p-fall-on-trade-war-tariffs-2019-8-1028476053
You can tell the people here who have no money invested pretty easily.
I see you don't know much about the bond markets. Which is really the engine to watch in the US, the world, and here in Canada.
The Us fed is just as big and corrupt a globalist commie/nazi enemy to the US (and EVERY Other country) as china is. They want to be the elites with a world full of brainded slave droids and prosti-tots
Ya'll then also better look at UNtrudie's dent in the TSX, and then maybe run for the chopper if you want to live.
As I said before, the peak was april 23. Canada is ADMITTEDLY currently being short sold by major world wide money. Because trudy the TURD, has sold this country out completely. I doubt he will even be able to pay his socks soon. Of course the money he does pay out will be worth about nothing or less. Negative rates are coming.
Along with the global cooling, You are about to get a recession like you have never seen before in the history of the planet. Just Ask Hoid: he says the opposite, but he always lies, so you kNWO if he actually knew what he was talking about, he would have to agree with me AND the facts of real life.
Soros and his ILK are eating your lunches like he has done to SO many other countries he/they have destroyed and raped...and his little pedo pals like Epstein the blackmailer are just useless idjits there to be used like tools who feed off what the sharks leave behind.
I see you don't know much about the bond markets. Which is really the engine to watch in the US, the world, and here in Canada.
The Us fed is just as big and corrupt a globalist commie/nazi enemy to the US (and EVERY Other country) as china is. They want to be the elites with a world full of brainded slave droids and prosti-tots
Ya'll then also better look at UNtrudie's dent in the TSX, and then maybe run for the chopper if you want to live.
As I said before, the peak was april 23. Canada is ADMITTEDLY currently being short sold by major world wide money. Because trudy the TURD, has sold this country out completely. I doubt he will even be able to pay his socks soon. Of course the money he does pay out will be worth about nothing or less. Negative rates are coming.
Along with the global cooling, You are about to get a recession like you have never seen before in the history of the planet. Just Ask Hoid: he says the opposite, but he always lies, so you kNWO if he actually knew what he was talking about, he would have to agree with me AND the facts of real life.
Soros and his ILK are eating your lunches like he has done to SO many other countries he/they have destroyed and raped...and his little pedo pals like Epstein the blackmailer are just useless idjits there to be used like tools who feed off what the sharks leave behind.
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You are not allowing for the bs in YOUR numbers which have been totally rigged since the 80s.
Shadow Government Statistics
Analysis Behind and Beyond Government Economic Reporting
"John Williams’ Shadow Government Statistics" is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype.
http://www.shadowstats.com/
"Courtesy of ShadowStats.com"
http://www.shadowstats.com/alternate_data/inflation-charts
That is "having your face ripped off" by wall street.
Since it's my money, I would rather use real information, not the Bullshit fakenews stuff. I'd rather be a volunteer at the homeless shelter, not a client.
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You are not allowing for the bs in YOUR numbers which have been totally rigged since the 80s.
Shadow Government Statistics
Analysis Behind and Beyond Government Economic Reporting
"John Williams’ Shadow Government Statistics" is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype.
http://www.shadowstats.com/
"Courtesy of ShadowStats.com"
http://www.shadowstats.com/alternate_data/inflation-charts
That is "having your face ripped off" by wall street.
Since it's my money, I would rather use real information, not the Bullshit fakenews stuff. I'd rather be a volunteer at the homeless shelter, not a client.
Yep, all of this 'prosperity' we are seeing today is bank rolled by borrowed money and you want to watch out for the 'shit hitting the fan' when all these loans get called!
