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The economy: US manufacturing at its worst level in a decade

  

Category:  News & Politics

Via:  krishna  •  5 years ago  •  31 comments

The economy: US manufacturing at its worst level in a decade

S E E D E D   C O N T E N T



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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.


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Krishna
Professor Expert
1  seeder  Krishna    5 years ago

The Dow dropped 200 points Tuesday in response to the reading, 

This is only going to get worse over time.

 
 
 
Paula Bartholomew
Professor Participates
1.2  Paula Bartholomew  replied to  Krishna @1    5 years ago

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.

 
 
 
Krishna
Professor Expert
1.2.2  seeder  Krishna  replied to  XDm9mm @1.2.1    5 years ago

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!

 
 
 
Texan1211
Professor Principal
1.2.3  Texan1211  replied to  Krishna @1.2.2    5 years ago

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.

 
 
 
Paula Bartholomew
Professor Participates
1.2.4  Paula Bartholomew  replied to  XDm9mm @1.2.1    5 years ago

Wow, one.

 
 
 
lady in black
Professor Quiet
2  lady in black    5 years ago

But doncha know tariffs pay for themselves s/ 

 
 
 
FLYNAVY1
Professor Guide
3  FLYNAVY1    5 years ago

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.

 
 
 
Krishna
Professor Expert
3.1  seeder  Krishna  replied to  FLYNAVY1 @3    5 years ago

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...

 
 
 
Krishna
Professor Expert
3.1.1  seeder  Krishna  replied to  Krishna @3.1    5 years ago

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.

 
 
 
Kavika
Professor Principal
3.1.2  Kavika   replied to  Krishna @3.1.1    5 years ago

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. 

 
 
 
It Is ME
Masters Guide
4  It Is ME    5 years ago

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.

 
 
 
Krishna
Professor Expert
4.1  seeder  Krishna  replied to  It Is ME @4    5 years ago
to  "Move" because of folks like her !

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).

 
 
 
Krishna
Professor Expert
4.2  seeder  Krishna  replied to  It Is ME @4    5 years ago
They'll set up permanent shop, somewhere, eventually. Give it ti

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

 
 
 
It Is ME
Masters Guide
4.2.1  It Is ME  replied to  Krishna @4.2    5 years ago

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.

 
 

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