The economy: US manufacturing at its worst level in a decade
US manufacturing has taken a nose dive to its worst level in over a decade, a key gauge of those numbers reveals.
The Dow dropped 200 points Tuesday in response to the reading, erasing solid gains earlier in the morning and turning negative. The index has stoked fears over a trade war with China and the looming possibility of a recession on the first trading day in the fourth quarter.
The Dow dropped 200 points Tuesday in response to the reading,
This is only going to get worse over time.
Thanks to Trump's bs tariffs, manufacturers are leaving the US as never before. The rest of the world is a target rich environment for the products that we can no longer afford to import.
Is that like the Apple announcement of opening a manufacturing facility in Texas?
They got a sweet deal, too!
The company will receive $25 million in taxpayer-funded incentives from the state, according to the Austin American-Statesman .
In addition, the company has asked Williamson County, where the campus will be located, for fifteen years worth of property tax abatement.
Amazon could learn from Apple!
Smart of Texas to offer some incentives.
5000 jobs projected and an ability to expand to 15000 jobs--at an average salary of $58k or more will be tough to overlook.
Wow, one.
But doncha know tariffs pay for themselves s/
I've got four international plants that I have engineering responsibility for that manufacture for the telecom industry (antennas, coaxial cable, transcievers, Etc.). They are as quiet as anyone can ever remember. Some of the pullback is the slowdown in network markets. When it does come back, everyone will be screaming for 5G capable equipment.
So to confirm, telecom is seeing the start of a recession in their markets.
I follow stock marjets pretty closely.
Basically the U.S. is the only place to invest-- with perhaps a few exceptions, markets (and economies) outside the U.S. are not doing well.. Even Europe.
I think Trump sees the world through the eyes of a U.S. Real Estate guy. If some competitor wins a deal, he loses. And vice-versa.
But if economies outside the U.S,. suffer, that's not a win for the U.S. Rather it hurts our economy (as world economies are too connected...),
And free trade benefits all parties...tariffs hurt everyone...
Now European tariffs are to increase!
From today's news:
U.S. to Impose Tariffs on EU Goods After WTO’s Airbus Ruling
Updated Oct. 2, 2019 8:27 pm ET
The U.S. plans to swiftly impose tariffs on $7.5 billion in aircraft, food products and other goods from the European Union after the World Trade Organization authorized the levies Wednesday, citing the EU’s subsidies to Airbus SE.
And early next year the WTO will rule and set the tariff amount that the EU can inflict on the US...
This isn't going to be a one-way win for the US...The retaliation will come early next year.
We have a major AOC type problem.
Business is constantly having to "Move" because of folks like her !
They'll set up permanent shop, somewhere, eventually. Give it time.
I do agree that opposition to Amazon's move to NY was really stupid!
It would have been an opportunity for NYers to have lower taxes,and would've resulted in inprovements to transportation (especially the subway system which Nyers are always complaining about).
Already have-- Crystal City Va:
Amazon Starts Hiring For Crystal City Headquarters
Amazon expects to create 400 jobs in the Crystal City area by the end of 2019
When companies pack up and move, or start a new business expansion in a different state, it takes a bit of time to get up and running. It's like folks think it's as easy as "Snapping" ones fingers and POOF, there it is.