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May 15, 2019

Economy Alert: Retail Sales and Industrial Production Slump In April

The Federal Reserve announced Wednesday in a downbeat report that the United States’ industrial production slumped in April. The Fed’s report also included sharp downward revisions for other important segments of the U.S. economy.

May 15, 2019

China Calls For “People’s War” Against The US, Vows To “Fight For A New World”

In a series of editorials and op-ed articles published Monday and Tuesday, Chinese state media slammed what it labeled the Trump administration’s “greed and arrogance”, called for a “people’s war” targeting the US “with precision” as China begins a “fight for a new world.”

May 13, 2019

Goldman Sachs: Tariffs Costs Fall “ENTIRELY” On U.S. Households & Businesses

Goldman Sachs has come out and said president Donald Trump’s tariffs have had a bigger impact on consumer prices than originally thought. Additionally, the bank has said what the rest of us already know: the tariffs are being paid entirely by United States businesses and consumers; not the Chinese government.

May 10, 2019

Rates For Mortgages Fell Once Again, For The Third Week In A Row

Mortgage rates have slumped once again, and are now stretching into the third straight week of decreases. The 30-year fixed-rate mortgage averaged 4.10% in the May 9 week, Freddie Mac said Thursday.

May 9, 2019

Food Prices To SOAR Thanks To The Trade War’s Tariffs

The perhaps unintended consequences of the Trump Administration’s trade war on China will be rising food prices for the American consumer. Food could also become scarcer as it becomes more expensive to move it around globally.

May 9, 2019

S&P Futures Tumble, Chinese Stocks Plunge As Tariffs Loom

Four words from Donald Trump during his Panama City Beach rally on Wednesday night is all it took for the rug to be pulled from under markets: “China broke the deal” Trump said with Chinese Vice Premier Liu He on route to Washington for two days of talks, and then said another three to cement the sell-off: “They’ll be paying.”

May 8, 2019

STOCKS PLUNGE As Trade War Rhetoric Intensifies

The stock market plunged yesterday amid fears of a renewed and intense trade war with China. After months of the “calm before the storm,” United States equity markets dropped sharply on Tuesday as traders prepared for an escalation of the U.S.-China trade war complete with more tariffs (taxes on the American consumer).

April 9, 2019

The Food Crisis Is Upon Us: Hundreds Of Millions Of Dollars In Crops DESTROYED

Prepare for rising prices at the grocery store and perhaps a lack of certain items. Hundreds of millions of dollars worth of food crops have been destroyed by flooding in the Midwest, and farmers have already said: “there’s nothing the government can do to help.”

April 4, 2019

Moody’s Warning: Recession Is ‘HIGHLY LIKELY’ If There’s No U.S.-China Trade Deal

Moody’s Analytics Chief Economist Mark Zandi issued a dire warning about the effects of the trade war. Zandi says there will be a global recession if the United States and China cannot come to some kind of a deal in the ongoing trade war currently thrashing our economy.

March 26, 2019

Trump’s Trade War: An Economic DISASTER With More Losers Than Winners

One year into president Donald Trump’s trade war and tariffs on metals, all data points to bad news. There are more losers than winners in this economic war, and the trade deficit has widened substantially as opposed to leveling out, as promised.

March 26, 2019

Trump’s Trade War: An Economic DISASTER With More Losers Than Winners

March 5, 2019

Financial Crisis: The Trade War Cost AMERICANS $1.4 Billion PER MONTH Last Year

Tariffs are taxes, and like any regulation or tax, the increased cost will get passed onto the consumer. Although this is common sense, many still don’t believe that the trade war had an impact on their financial situation. However, just last year, Americans (not the Chinese) spent $1.4 billion per month on trade war taxes.