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the3nomads
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16-May-2022 00:04     
 
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 Alert Admin 		NewYorkTimes: NATO leaders say they would accelerate Finland and Sweden?s membership bids.
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the3nomads
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15-May-2022 20:59     
 
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 Alert Admin 		CNA: Finland President confirms applying to join NATO after teleconversation with Putin.
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the3nomads
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15-May-2022 00:49     
 
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 Alert Admin 		CNBC: Ukrainian general says war will be over by year-end.
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the3nomads
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13-May-2022 22:36     
 
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 Alert Admin 		Bloomberg: Hong Kong Becomes World?s Must-Watch Market as Easy Money Ends City is exposed to Fed policy and China?s economic slowdown. Signs of financial stress are building as outflows quicken.
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the3nomads
Supreme
12-May-2022 19:04     
 
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 Alert Admin 		CNBC: Russia warns NATO there?s a risk of ?catastrophic? conflict (hot on the heels of Sweden and Finland possibly joining NATO and the WEST's continued arms supply to Ukraine)...
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the3nomads
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12-May-2022 14:06     
 
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 Alert Admin 		That plus Kremlin Gremlin stops war in Ukraine 🙏 🏻
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lukewong82
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12-May-2022 13:26     
 
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 Alert Admin 		Lets hope Biden announces the removal of tariffs on China then market will chiong and stop the bleeding.

lukewong82      ( Date: 12-May-2022 13:25) Posted:



https://nymag.com/intelligencer/2022/05/biden-inflation-repeal-trump-tariffs-china-solar-recession.html
Inflation  is, by far, President Biden&rsquo s gravest problem. It is eating up the wage gains thrown off by the hot labor market and forcing the Federal Reserve to risk  triggering a recession  by raising interest rates. It is the main cause of his anemic approval ratings and the terrifyingly high probability that a dangerously authoritarian Republican Party will win the  2024 election.

There isn&rsquo t a button Biden can push to make the whole problem go away. But there is a button he can push to make some of the problem go away. The mystery is why he hasn&rsquo t pushed it.

That button is to rescind the tariffs imposed by his predecessor, which were created by executive order, and could be reversed the same way.

Donald Trump started a trade war with various countries he didn&rsquo t like for various reasons. Some of Trump&rsquo s hostility to various countries had a solid basis (China has long stolen American intellectual property) and others did not (he seems to favor countries that enriched him personally).

Biden campaigned against the Trump tariffs as a tax on the middle class. Once in office, he held off on rescinding them. His reason for hesitating was not crazy. Biden recognized that Trump&rsquo s opposition to trade had helped him in the Midwest, and he wanted to position his party as an ally of the industrial Midwest rather than as an automatic ally of free trade.



Tariffs raise prices for consumers in a bid to protect domestic industry. In an era during which inflation had run chronically below the Fed&rsquo s target, and working-class wages had stagnated, it made some sense for Biden to pay that cost.

But those circumstances have changed dramatically. There are plenty of jobs available for American workers of all skill levels, but prices are rising at levels not seen in decades.

One recent  study  finds that rescinding the Trump tariffs would reduce prices 1.3 percent. With inflation currently running over 8 percent, that would hardly resolve the crisis, but it would do more to alleviate it than any other step Biden could take on his own.

Possibly the most perverse aspect of the administration&rsquo s trade war is its continuing tariffs on solar panels. The purpose of these tariffs is, of course, to encourage the growth of the domestic solar industry. But it has raised the cost of solar panels, depressing investment in solar by 11 percent (according  to a trade group) without having produced any measurable domestic production. Rescinding those tariffs would simultaneously put downward pressure on prices and accelerate the green-energy transition.

So why has Biden held off?  Hans Nichols  reported recently that the administration is split between its economic advisers and China hawks at the National Security Council, who believe Trump&rsquo s tariffs on China give them leverage to force concessions. Those concessions have yet to materialize, and in the meantime, inflation is killing Biden. Nichols also reports that, when one Biden official floated a partial tariff exemption, some labor officials objected.

One grim lesson from this episode is that even in realms where the president can act freely without having to navigate Congress, other political considerations can freeze the process. There are interest groups to consider, some of which benefit from the status quo. And there are intraparty factional fights &mdash in this case, a pro-labor faction that has only recently regained the upper hand from free traders and is loath to relinquish it due to a temporary emergency.

In the meantime, Biden is staring directly at a crisis that may well turn his administration into a one-term failure. At this point, using all the tools at his disposal may not be enough. But it would be unforgivable not to try.

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lukewong82
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12-May-2022 13:25     
 
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 Alert Admin

https://nymag.com/intelligencer/2022/05/biden-inflation-repeal-trump-tariffs-china-solar-recession.html
Inflation  is, by far, President Biden&rsquo s gravest problem. It is eating up the wage gains thrown off by the hot labor market and forcing the Federal Reserve to risk  triggering a recession  by raising interest rates. It is the main cause of his anemic approval ratings and the terrifyingly high probability that a dangerously authoritarian Republican Party will win the  2024 election.

There isn&rsquo t a button Biden can push to make the whole problem go away. But there is a button he can push to make some of the problem go away. The mystery is why he hasn&rsquo t pushed it.

That button is to rescind the tariffs imposed by his predecessor, which were created by executive order, and could be reversed the same way.

Donald Trump started a trade war with various countries he didn&rsquo t like for various reasons. Some of Trump&rsquo s hostility to various countries had a solid basis (China has long stolen American intellectual property) and others did not (he seems to favor countries that enriched him personally).

Biden campaigned against the Trump tariffs as a tax on the middle class. Once in office, he held off on rescinding them. His reason for hesitating was not crazy. Biden recognized that Trump&rsquo s opposition to trade had helped him in the Midwest, and he wanted to position his party as an ally of the industrial Midwest rather than as an automatic ally of free trade.



Tariffs raise prices for consumers in a bid to protect domestic industry. In an era during which inflation had run chronically below the Fed&rsquo s target, and working-class wages had stagnated, it made some sense for Biden to pay that cost.

But those circumstances have changed dramatically. There are plenty of jobs available for American workers of all skill levels, but prices are rising at levels not seen in decades.

One recent  study  finds that rescinding the Trump tariffs would reduce prices 1.3 percent. With inflation currently running over 8 percent, that would hardly resolve the crisis, but it would do more to alleviate it than any other step Biden could take on his own.

Possibly the most perverse aspect of the administration&rsquo s trade war is its continuing tariffs on solar panels. The purpose of these tariffs is, of course, to encourage the growth of the domestic solar industry. But it has raised the cost of solar panels, depressing investment in solar by 11 percent (according  to a trade group) without having produced any measurable domestic production. Rescinding those tariffs would simultaneously put downward pressure on prices and accelerate the green-energy transition.

So why has Biden held off?  Hans Nichols  reported recently that the administration is split between its economic advisers and China hawks at the National Security Council, who believe Trump&rsquo s tariffs on China give them leverage to force concessions. Those concessions have yet to materialize, and in the meantime, inflation is killing Biden. Nichols also reports that, when one Biden official floated a partial tariff exemption, some labor officials objected.

One grim lesson from this episode is that even in realms where the president can act freely without having to navigate Congress, other political considerations can freeze the process. There are interest groups to consider, some of which benefit from the status quo. And there are intraparty factional fights &mdash in this case, a pro-labor faction that has only recently regained the upper hand from free traders and is loath to relinquish it due to a temporary emergency.

In the meantime, Biden is staring directly at a crisis that may well turn his administration into a one-term failure. At this point, using all the tools at his disposal may not be enough. But it would be unforgivable not to try.
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the3nomads
Supreme
12-May-2022 11:22     
 
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 Alert Admin 		CNBC: Tech giants lost more than $1 trillion in value in the last three trading days. APPLE no longer the most valuable company in the world.
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the3nomads
Supreme
10-May-2022 12:29     
 
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 Alert Admin 		AlJazeera: ?Judging by how Putin placed his assessments, Russia so far has no decision about how to exit the war.? Putin?s Victory Day speech far from triumphant, analysts say.
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the3nomads
Supreme
10-May-2022 12:16     
 
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 Alert Admin 		Express.co.UK: Putin humiliated on state TV as a clip viewed more than a million times online, showed a senior military expert - a Russian colonel - admitted that Russia is struggling to replenish its colossal losses in Ukraine.
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the3nomads
Supreme
09-May-2022 20:17     
 
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 Alert Admin 		News.com.au : Hackers managed to intercept Putin's Victory Day speech transmissions to various Russian channels and inserted a caption over hacked screens, The Sun reports. The hacked screen message read: ?The blood of thousands of Ukrainians and hundreds of their children is on your hands. TV and the authorities lie. No to war.?
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the3nomads
Supreme
09-May-2022 16:19     
 
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 Alert Admin 		Russia Victory Day Speech: Putin's 11-minute speech on day 75 of the invasion offered no assessment of progress in the war and gave no indication of how long it might continue.
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the3nomads
Supreme
06-May-2022 22:30     
 
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 Alert Admin 		CNBC News: All-out war on Ukraine? Putin could be gearing up for something big on May 9. Russian President Vladimir Putin could look to declare some kind of victory in ? or an even bigger assault on ? Ukraine around May 9. A number of geopolitical analysts believe Putin will use the occasion to make a major announcement relating to the Ukraine war.
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the3nomads
Supreme
02-May-2022 10:43     
 
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 Alert Admin 		Nikkei: Ukraine war, China lockdowns drag down 70% of Asia's biggest equities Commodity stocks in India, Indonesia, Malaysia defy broader sell-off...
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the3nomads
Supreme
01-May-2022 18:11     
 
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 Alert Admin 		LeeHsienLokng: "Global growth will be weaker, and there may be a recession within the next 2 years," ...
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the3nomads
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01-May-2022 12:49     
 
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 Alert Admin 		REUTERS: Chinese regulators held an emergency meeting with domestic and foreign banks to discuss how they could protect China's overseas assets from U.S.-led sanctions similar to those imposed on Russia after its invasion of Ukraine, The Financial Times reported, citing people familiar with the discussion.
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the3nomads
Supreme
06-Dec-2021 13:41     
 
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 Alert Admin 		On top of Omicron woes! Trade cautiously....Huat to All !!!

tongphlp      ( Date: 06-Dec-2021 13:29) Posted:

Asian markets mixed after China Evergrande warns of cash woes

https://www.marketwatch.com/story/asian-markets-mixed-after-china-evergrande-warns-of-cash-woes-01638766670?mod=newsviewer_click

the3nomads      ( Date: 06-Dec-2021 13:23) Posted:

TheEdgeMarkets - Omicron could cost oil demand almost three million bpd in early 2022, says Rystad on Oil & Gas market.
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tongphlp
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06-Dec-2021 13:29     
 
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 Alert Admin

Asian markets mixed after China Evergrande warns of cash woes

https://www.marketwatch.com/story/asian-markets-mixed-after-china-evergrande-warns-of-cash-woes-01638766670?mod=newsviewer_click

the3nomads      ( Date: 06-Dec-2021 13:23) Posted:

TheEdgeMarkets - Omicron could cost oil demand almost three million bpd in early 2022, says Rystad on Oil & Gas market.
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the3nomads
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06-Dec-2021 13:23     
 
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 Alert Admin 		TheEdgeMarkets - Omicron could cost oil demand almost three million bpd in early 2022, says Rystad on Oil & Gas market.
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