FED left rates unchanged

[Fernando]

Even Paul Krugman admitted globalization had been less than what he expected. Perot was right. The giant sucking sound was our jobs leaving for Mexico and China. Trump renegotiated NAFTA to get a fairer deal for the USA. NAFTA destroyed jobs and entire industries. Appliance manufacturing for one. And even low tech. Farmers used to grow broom corn used in straw brooms - and they made brooms in Alabama. NAFTA literally destroyed the broom corn market overnight and sent it to Mexico.

It lowered wages. That mean lower incomes and means people cannot afford your high rents. That's why some of your businesses stay unleased for months. Surely you understand that a vacant space is a money pit, not a money maker. We had a plant that made plastic lawn chairs 30 years ago. It's gone and that plant has been empty for years. Likewise, we had a Franklin Electric plant that made submersible pump motors - not the pump, just the motor. Notorious for long life in a well. No so anymore. They fail about 10 years on average. Made in Mexico now and that plant has been vacant at least 20 years...and for sale and for sale...on and on. Nobody has a use for it. I think it will be redeveloped and the plant building taken down eventually. And the land (about 20 ac.) will be developed into housing on the back side and commercial buildings along the highway frontage.
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Globalization has 'backfired': ex-Trump trade official

Nations must pick partners that help ensure security, Nazak Nikakhtar says

asia.nikkei.com

Gobalization has benefitted many including our stock market and consumers. Win Win situation.

 

[Dublin ohio]

Gobalization has benefitted many including our stock market and consumers. Win Win situation.

Globalization has resulted in the theft and sometime willing dissemination of our proprietary technology and intellectual property. How do you think China went from in a historical context from the horse and buggy to going the moon basically overnight.

 

[Charles West]

The Fed is way behind the curve as far as reducing but Biden is running huge annual deficits. Progressive money theory says no problem running large debt and deficits but Austrian theory says something different happens when running that kind of stimulus.

 

[djd09]

https://twitter.com/x/status/1820457755322298405

 

[Terrel L. Shields]

Gobalization has benefitted many including our stock market and consumers. Win Win situation.

No. It's a win-lose situation. Pure and simple. Workers were laid off as plants moved to foreign grounds. So you have a 50 year old with high school education and expect them to learn to code... sure.

Delusional Joe - what a moron. A man would have to spend a year just learning about a computer, and a couple more to be proficient. And that assumes they have retained some skill sets they learned in High School 30 years earlier. Below has to be the most tone deaf statement a moron could make.

Democratic presidential candidate Joe Biden endorsed learning to code as a way forward for miners and other blue-collar workers during a campaign speech at Derry, New Hampshire on December 30, 2019: "Anybody who can go down 300 to 3,000 feet in a mine, sure in hell can learn to program as well,​

 

[Meandering]

Gobalization has benefitted many including our stock market and consumers. Win Win situation.

Not seeing much "benefit" or any winning.

 

[Charles West]

Futures lining up positive for tomorrow.

 

[Terrel L. Shields]

But but Biden said a few days ago that he "cured the economy".... while Kamala was saying the bad numbers are Trumps fault...???

 

[Fernando]

No. It's a win-lose situation. Pure and simple. Workers were laid off as plants moved to foreign grounds. So you have a 50 year old with high school education and expect them to learn to code... sure.

It's reciprocal. Foreign companies like Toyota opening auto plants in US creating jobs. Win Win.

Delusional Joe - what a moron. A man would have to spend a year just learning about a computer, and a couple more to be proficient. And that assumes they have retained some skill sets they learned in High School 30 years earlier. Below has to be the most tone deaf statement a moron could make.

Democratic presidential candidate Joe Biden endorsed learning to code as a way forward for miners and other blue-collar workers during a campaign speech at Derry, New Hampshire on December 30, 2019: "Anybody who can go down 300 to 3,000 feet in a mine, sure in hell can learn to program as well,​

Entry coding jobs going outside remote work. Concentrate on service jobs which needs workers here.
Illegals see that and are taking "dirty" jobs most Americans would not touch.

 

[Zoe]

Idk. FED may call special meeting and cut fed funds rate. It is looking possible.

They may not wait til September.

They may be saying we put the pedal too hard on lowering inflation.

We need to back off.