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Message
Weakest manufacturing data since 2009
Posted on 10/1/19 at 9:55 am
Posted on 10/1/19 at 9:55 am
quote:
U.S. stocks turned lower after a key gauge of manufacturing posted the weakest reading since the end of the last recession. Treasuries erased losses. The S&P 500 reversed all of its early gains to turn lower after the Institute for Supply Management’s factory index slipped to 47.8 in September, the lowest since June 2009, renewing concerns about an economic slowdown. The 10-year Treasury yield tumbled to 1.65%, while the dollar trimmed its earlier advance against major peers.
LINK
Not a good week for Trump. He lost 5% of his support in the Rasmussen poll since the calls for impeachment ramped up and now this data pointing toward an economic slow down.
He needs a win in the trade war ASAP or he risks losing support in the rust belt.
20
Posted on 10/1/19 at 9:56 am to deltaland
quote:
He needs a win in the trade war ASAP or he risks losing support in the rust belt.
ok. This post was edited on 10/1/19 at 9:57 am
Posted on 10/1/19 at 9:57 am to deltaland
quote:
deltaland
Remember when you said Trump was done politically after Mueller?
Posted on 10/1/19 at 9:58 am to deltaland
Think the global slowdown is starting to hit home
Luckily, other sectors of economy seem to be going strong
Luckily, other sectors of economy seem to be going strong
Posted on 10/1/19 at 9:58 am to Bunyan
I remember him saying that
Posted on 10/1/19 at 9:58 am to deltaland
Chicken little
Posted on 10/1/19 at 9:59 am to deltaland
Propaganda......
Posted on 10/1/19 at 10:00 am to Bunyan
He got you to bite
Posted on 10/1/19 at 10:02 am to DMagic
Which will mean the Fed will cut rates an Dow 28,000 here we come
Posted on 10/1/19 at 10:03 am to DMagic
quote:
He got you to bite
Nope. Just look at his threads every time something "bad" happens to Trump
Chicken Little
Posted on 10/1/19 at 10:04 am to deltaland
Ya it's Trump's fault that we are in a global economic slowdown. Holy frick some people need to step away from politics sometimes.
Posted on 10/1/19 at 10:05 am to deltaland
He will get a deal and declare it a win regardless of what the deal is.
Posted on 10/1/19 at 10:05 am to deltaland
trade wars aren't easy to win... djt was right to take on chinese ip theft but has to be realistic with the public that it will be a long hard fight.
Posted on 10/1/19 at 10:06 am to bengalfan50
quote:
Propaganda
Everything I posted was a fact. A win on trade particularly with China could help reverse a slowdown in manufacturing.
If he can’t end the trade war and you start to see massive layoffs in manufacturing then yes that could hurt his support in the rust belt because the media will hammer him on that
Posted on 10/1/19 at 10:09 am to deltaland
Remember when you said you were done with Trump after that omnibus bill was signed? lol.
Posted on 10/1/19 at 10:11 am to Bunyan
Posting only good news creates a bubble among trump supporters. It also caused complacency.
Posting potential bad news or problems keeps pressure on the administration if his supporters think more needs to be done to fix a problem. Don’t write off everything to “fake news” and assume all is well.
Trump is doing a good job overall and the impeachment crap is made up bullshite even though it seems to have a slight negative affect on his approval ratings. But there are areas where he could improve, and trade is the biggest one. He can’t let the trade war cause a recession or major slowdown before 2020
Posting potential bad news or problems keeps pressure on the administration if his supporters think more needs to be done to fix a problem. Don’t write off everything to “fake news” and assume all is well.
Trump is doing a good job overall and the impeachment crap is made up bullshite even though it seems to have a slight negative affect on his approval ratings. But there are areas where he could improve, and trade is the biggest one. He can’t let the trade war cause a recession or major slowdown before 2020
Posted on 10/1/19 at 10:13 am to sodcutterjones
quote:
Remember when you said you were done with Trump after that omnibus bill was signed? lol.
Yea it did piss me off he caved on that issue
Posted on 10/1/19 at 10:15 am to deltaland
quote:
Everything I posted was a fact. A win on trade particularly with China could help reverse a slowdown in manufacturing.
If he can’t end the trade war and you start to see massive layoffs in manufacturing then yes that could hurt his support in the rust belt because the media will hammer him on that
We shouldn’t rush in a trade deal with China just because our manufacturing outlook went down....
It’s a long waiting game. And these involve a lot more variables.
Posted on 10/1/19 at 10:16 am to deltaland
quote:
He needs a win in the trade war ASAP or he risks losing support in the rust belt.
Has anyone ever won a trade war?
Posted on 10/1/19 at 10:17 am to deltaland
Muh inverted yield curve!
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