Whats going on in the World

[JackPrintMD]

 

[jpd]

My my, how times have changed....

Trump’s Tariffs Were Much More Damaging Than Thought

Research on the impact of Donald Trump’s trade policy finds to the extent a president manages the economy, Trump managed it poorly.

www.forbes.com

President Biden unveils a historic wave of tariffs on 'strategic' Chinese imports

President Joe Biden ramps up pressure on China with new targeted tariffs on a range of goods as his rival Donald Trump weighs even more draconian measures should the Republican win in November.

www.yahoo.com

 

[longcast]

My my, how times have changed....

Trump’s Tariffs Were Much More Damaging Than Thought

Research on the impact of Donald Trump’s trade policy finds to the extent a president manages the economy, Trump managed it poorly.

www.forbes.com

President Biden unveils a historic wave of tariffs on 'strategic' Chinese imports

President Joe Biden ramps up pressure on China with new targeted tariffs on a range of goods as his rival Donald Trump weighs even more draconian measures should the Republican win in November.

www.yahoo.com

Just shows you how deep the media is entrenched and want you to believe what THEY want you to believe. The left is a sad, sick bunch. Stay alert!

 

[longcast]

Exactly.

 

[longcast]

Trump trial updates: Michael Cohen testifies that Trump directed him to pay hush money to Stormy Daniels and approved scheme to conceal reimbursement

This is Yahoo News’ succinct update on the criminal and civil cases against Trump. Here are the latest developments.

www.yahoo.com

Not sure that is accurate. Those with acute TDS may have HEARD that. Sick people.

 

[longcast]

My my, how times have changed....

Trump’s Tariffs Were Much More Damaging Than Thought

Research on the impact of Donald Trump’s trade policy finds to the extent a president manages the economy, Trump managed it poorly.

www.forbes.com

President Biden unveils a historic wave of tariffs on 'strategic' Chinese imports

President Joe Biden ramps up pressure on China with new targeted tariffs on a range of goods as his rival Donald Trump weighs even more draconian measures should the Republican win in November.

www.yahoo.com

Here you go........................................

Guess which huge Biden lie CNN refused to fact-check

CNN's big interview with Joe Biden had questions but no fact-checker. So, when the president lied, they didn't say a thing. That's certainly not the treatment Trump gets.

www.foxnews.com

But that wasn't Biden's worst mangle. He claimed to CNN that "no president's had the run we have had, in terms of creating jobs and bringing down inflation. It was 9% when I came to office, 9%."

That's ridiculous! It's a bald-faced lie. Inflation was 1.4%, again, due to the pandemic. Burnett didn't check his facts, during or after the interview. She pushed him to acknowledge inflation was bad, but she didn't suggest he was lying.


The media is more dangerous than ever.

 

[longcast]

Trump co-defendants officially file notices of appeal to kick Fani Willis off GA case

Co-defendants in the Georgia election interference case against former President Trump have filed notices of appeal to the Georgia Court of Appeals in their bid to have Fani Willis disqualified.

www.foxnews.com

 

[wader]

As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose

At first glance, Dave Langston’s predicament seems similar to headaches facing homeowners in coastal states vulnerable to catastrophic hurricanes: As disasters have become more frequent and severe, his insurance company has been losing money. Then, it canceled his coverage and left the state...

www.yahoo.com

 

[longcast]

Strong services fan US producer inflation in April

U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed...

finance.yahoo.com

The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for a September interest rate cut from the Federal Reserve.

 

[jpd]

Strong services fan US producer inflation in April

U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed...

finance.yahoo.com

The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for a September interest rate cut from the Federal Reserve.

Inflation report is tomorrow 8:30am...

 

[longcast]

Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months

April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.

finance.yahoo.com

The inflation report, set for release at 8:30 a.m. ET, is expected to show headline inflation of 3.4%, a slight deceleration from March's 3.5% annual gain in prices, according to estimates from Bloomberg. Over the prior month, consumer prices are expected to have risen 0.4%, matching March's month-over-month increase.

 

[longcast]

But...................

Fed's Powell: 'We'll need to be patient' on rates

Fed Chair Jerome Powell reiterated his stance that the central bank will need to remain patient and see further progress on inflation before reducing interest rates.

finance.yahoo.com

Fed Chair Jerome Powell said Tuesday his confidence that inflation will keep cooling is not as high as it was at the start of the year, and that the central bank will need to be patient before lowering interest rates.

"We did not expect this to be a smooth road, but these [inflation readings] were higher than I think anybody expected," Powell said during a panel in Amsterdam. "What that has told us is that we'll need to be patient and let restrictive policy do its work."

 

[wader]

But...................

Fed's Powell: 'We'll need to be patient' on rates

Fed Chair Jerome Powell reiterated his stance that the central bank will need to remain patient and see further progress on inflation before reducing interest rates.

finance.yahoo.com

Fed Chair Jerome Powell said Tuesday his confidence that inflation will keep cooling is not as high as it was at the start of the year, and that the central bank will need to be patient before lowering interest rates.

"We did not expect this to be a smooth road, but these [inflation readings] were higher than I think anybody expected," Powell said during a panel in Amsterdam. "What that has told us is that we'll need to be patient and let restrictive policy do its work."

we're still in better shape then most of the rest of the West

 

[jpd]

Meme's are out....

 

[wader]

Meme's are out....

View attachment 79914

well yeah - maybe stops them from buying Chinese - that intention of tariffs

 

[longcast]

Trust the “election” you say…….

Ohio purges 'non-citizens' from state voter rolls, calls on Biden admin for data ahead of 2024 election

Ohio is pushing to identify and purge non-citizens who are registered to vote in the state, requesting further data from President Biden's administration.

www.foxnews.com

 

[Roccus7]

Meme's are out....

View attachment 79914

There was an exact duplicate of this meme and statement when DJT issued his tariffs on China...

And from the Dumb Things Presidents Say Files, where's the cancelled checks from Mexico on the wall construction????

 

[Rick67]

There was an exact duplicate of this meme and statement when DJT issued his tariffs on China...

And from the Dumb Things Presidents Say Files, where's the cancelled checks from Mexico on the wall construction????

The adults are back in the room.

 

[Rick67]

Meme's are out....

View attachment 79914

Ford and Chevy currently sell Chinese vehicles.

 

[Roccus7]

But...................

Fed's Powell: 'We'll need to be patient' on rates

Fed Chair Jerome Powell reiterated his stance that the central bank will need to remain patient and see further progress on inflation before reducing interest rates.

finance.yahoo.com

Fed Chair Jerome Powell said Tuesday his confidence that inflation will keep cooling is not as high as it was at the start of the year, and that the central bank will need to be patient before lowering interest rates.

"We did not expect this to be a smooth road, but these [inflation readings] were higher than I think anybody expected," Powell said during a panel in Amsterdam. "What that has told us is that we'll need to be patient and let restrictive policy do its work."

Today's blub in the NY Times. I'm sure some will spin this as "Jerome, DROP THE PRIME", as opposed of the more appropriate analysis of "Hell, maybe it's working, but a 0.1% drop from March isn't significant and we need a few months of consistent results before any action."

What to know about the latest inflation report.​

This year began with three uncomfortably hot inflation readings in a row. Economists are hoping that fresh data on Wednesday will finally bring signs of a cool-down.

Forecasters expect the Labor Department report to show that the Consumer Price Index climbed 3.4 percent in April from a year earlier. That would mark a slight slowing from the 3.5 percent inflation rate in March.