US: Hope for the best, prepare for the worst | Metals Mine

  • US: Hope for the best, prepare for the worst

    From think.ing.com

    Talks between Presidents Trump and Xi on the sidelines of the recent G20 meeting went as well as we could realistically have hoped. Trade negotiations are restarting, there are no additional new tariffs and the Huawei issue has been de-escalated to a certain extent. The uncertainty caused by these prolonged global trade tensions is weighing on US sentiment and activity, most notably in the manufacturing sector. While industrial production in aggregate is up, this is primarily a mining and utilities story. Manufacturing output has actually fallen 1.5% since last December with the majority of sub-sectors experiencing ... (full story)

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auricforecas
Jul 6, 2019 12:23pm
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This is the one of the best views to have in any society, economic cycle and even engineering... Prepare for an emergency, invest in it and be MUCH calmer.. Contrary to what some suggest, to have no backup, be optimistic, but at a first BAD BREEZE, scared shitless panic... as in the last "crisis" that was really just small correction or phony jobs, bubbles burst, ponzis bust.... If we would be prepared in advance, those "crisis" would be just normal "cycles" that could be dealt with rather easily... And the last crisis was more or less the (over)speculation, over(debt) crisis and not as a real economic downturn/crash (presented) as such.. although this should happen, but naturally and without much drama due to demographics change...

Would much prefer to have stable, somehwhat predictable (cycles), economy than this obssesion with (ethernal) growth, (over)"stimulated" with massive debts (approaching or surpassing point of no return) and a real situation (debt crisis as in greece) later... Much prefer stability over crack-temp-rush and (junkie style) withdrawal later...
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AnniLi
Jul 6, 2019 7:03am
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Economists are not using their arguments in the debate probably because of their paymasters. The threats to the FED are ludicrous and against everything taught at universities. The free market doctrine of Republicans does not support tariffs, protectionism nor sanctions. The fact that policy statements are fluid, overtly political and ad hominem all add up to weakness in character of the current administration. Finally no intellectual rigour lies behind the WH opinion. Bad, bad, bad.
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