Global Trade Collapsing To Depression Levels

[McRocket]

'With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, "threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control."

"Just as tentative signs appeared that a recovery is taking hold, trade tensions have re-emerged as a credible and significant threat to the business cycle," said Morgan Stanley's chief economist, Chetan Ahya, highlighting a “serious impact on corporate confidence" from the tariff feud.

To be sure, even before the latest trade war round, global growth and trade were already suffering, confirmed most recently by last night's dismal China economic data, which showed industrial output, retail sales and investment all sliding in April by more than economists forecast.'

Global Trade Collapsing To Depression Levels

And look when trading started to collapse...right when Trump's tariff threats/implimentations started.

So that means he is largely (though by no means entirely - hello central banks?) to blame....or at least is the major catalyst.
People told him he was nuts with these tariffs/trade war threats. That they could reverberate all over the world. But no...he didn't listen.

And now look what we might be facing?

Many say Smoot-Hawley started the Great Depression. Will Trump's protectionism be the start of the next depression?
Probably not.
The central banks of the world will come charging to the rescue - dumping HUGE sums of cheap debt onto the economies of the world and propping things up yet again...and making things just that much worse for the future to deal with.

 

[miketx]

Good.

 

[Dekster]

Trade is just one component of GDP

 

[Ridgerunner]

McRocket No bout adout it...

 

[Mikeoxenormous]

'With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, "threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control."

"Just as tentative signs appeared that a recovery is taking hold, trade tensions have re-emerged as a credible and significant threat to the business cycle," said Morgan Stanley's chief economist, Chetan Ahya, highlighting a “serious impact on corporate confidence" from the tariff feud.

To be sure, even before the latest trade war round, global growth and trade were already suffering, confirmed most recently by last night's dismal China economic data, which showed industrial output, retail sales and investment all sliding in April by more than economists forecast.'

Global Trade Collapsing To Depression Levels

And look when trading started to collapse...right when Trump's tariff threats/implimentations started.

So that means he is largely (though by no means entirely - hello central banks?) to blame....or at least is the major catalyst.
People told him he was nuts with these tariffs/trade war threats. That they could reverberate all over the world. But no...he didn't listen.

And now look what we might be facing?

Many say Smoot-Hawley started the Great Depression. Will Trump's protectionism be the start of the next depression?
Probably not.
The central banks of the world will come charging to the rescue - dumping HUGE sums of cheap debt onto the economies of the world and propping things up yet again...and making things just that much worse for the future to deal with.

If the rest of the world "NEEDS" the United States to provide for a stable world economy, then the rest of the world shouldn't fuck US with their trade sanctions. We the People are proving that our economy roars and we dont really need anything from anyone else..

 

[Mikeoxenormous]

McRocket No bout adout it...

Dont worry, I heard from the grape vine that we only have 11 1/2 years till the end, just ask AOC..

 

[caddo kid]

'With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, "threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control."

"Just as tentative signs appeared that a recovery is taking hold, trade tensions have re-emerged as a credible and significant threat to the business cycle," said Morgan Stanley's chief economist, Chetan Ahya, highlighting a “serious impact on corporate confidence" from the tariff feud.

To be sure, even before the latest trade war round, global growth and trade were already suffering, confirmed most recently by last night's dismal China economic data, which showed industrial output, retail sales and investment all sliding in April by more than economists forecast.'

Global Trade Collapsing To Depression Levels

And look when trading started to collapse...right when Trump's tariff threats/implimentations started.

So that means he is largely (though by no means entirely - hello central banks?) to blame....or at least is the major catalyst.
People told him he was nuts with these tariffs/trade war threats. That they could reverberate all over the world. But no...he didn't listen.

And now look what we might be facing?

Many say Smoot-Hawley started the Great Depression. Will Trump's protectionism be the start of the next depression?
Probably not.
The central banks of the world will come charging to the rescue - dumping HUGE sums of cheap debt onto the economies of the world and propping things up yet again...and making things just that much worse for the future to deal with.

Here is the typical Trump supporter's take on this subject:
FUCK world trade, we don't need nobody, we gonna take our ball & leave the school yard. LOFL ............

 

[Tax Man]

All the tariffs are doing is making products cost more for the consumer. China does not care what tariffs rumputin wants to charge.

 

[miketx]

All the tariffs are doing is making products cost more for the consumer. China does not care what tariffs rumputin wants to charge.

Then they will lose money.

 

[McRocket]

Trade is just one component of GDP

You see the BIG chart above?

See where it went WAAAAY down in 2008/9?

What worldwide economic event happened during 2008/9?

When trade slows down - so do economies.

 

[JGalt]

'With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, "threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control."

"Just as tentative signs appeared that a recovery is taking hold, trade tensions have re-emerged as a credible and significant threat to the business cycle," said Morgan Stanley's chief economist, Chetan Ahya, highlighting a “serious impact on corporate confidence" from the tariff feud.

To be sure, even before the latest trade war round, global growth and trade were already suffering, confirmed most recently by last night's dismal China economic data, which showed industrial output, retail sales and investment all sliding in April by more than economists forecast.'

Global Trade Collapsing To Depression Levels

And look when trading started to collapse...right when Trump's tariff threats/implimentations started.

So that means he is largely (though by no means entirely - hello central banks?) to blame....or at least is the major catalyst.
People told him he was nuts with these tariffs/trade war threats. That they could reverberate all over the world. But no...he didn't listen.

And now look what we might be facing?

Many say Smoot-Hawley started the Great Depression. Will Trump's protectionism be the start of the next depression?
Probably not.
The central banks of the world will come charging to the rescue - dumping HUGE sums of cheap debt onto the economies of the world and propping things up yet again...and making things just that much worse for the future to deal with.

Who even cares? According to AOC, we only have 12 years to live.

 

[Likkmee]

Funny stuff ! REPENT

 

[MarathonMike]

'With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, "threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control."

"Just as tentative signs appeared that a recovery is taking hold, trade tensions have re-emerged as a credible and significant threat to the business cycle," said Morgan Stanley's chief economist, Chetan Ahya, highlighting a “serious impact on corporate confidence" from the tariff feud.

To be sure, even before the latest trade war round, global growth and trade were already suffering, confirmed most recently by last night's dismal China economic data, which showed industrial output, retail sales and investment all sliding in April by more than economists forecast.'

Global Trade Collapsing To Depression Levels

And look when trading started to collapse...right when Trump's tariff threats/implimentations started.

So that means he is largely (though by no means entirely - hello central banks?) to blame....or at least is the major catalyst.
People told him he was nuts with these tariffs/trade war threats. That they could reverberate all over the world. But no...he didn't listen.

And now look what we might be facing?

Many say Smoot-Hawley started the Great Depression. Will Trump's protectionism be the start of the next depression?
Probably not.
The central banks of the world will come charging to the rescue - dumping HUGE sums of cheap debt onto the economies of the world and propping things up yet again...and making things just that much worse for the future to deal with.

If the rest of the world "NEEDS" the United States to provide for a stable world economy, then the rest of the world shouldn't fuck US with their trade sanctions. We the People are proving that our economy roars and we dont really need anything from anyone else..

Exactly. We are no longer in a position to keep filling the world's punch bowl. To start bringing our debt level down we need to stop the giveaways and start collecting the world revenue we are entitled to. We can't keep being played as the chump and thankfully we have a President that understands that.

 

[Likkmee]

Ya got about 145,000,000 voters, so some say.
I think it's really 1/4 of that.
In the world of business they are referred to as consumers/head of family. Lotsa pesos compared to the Real World.
The planets population is screaming past 7 billion.
How are those floods working out for ya ?
Gawd Blass Visa/MC right !

 

[Dekster]

Trade is just one component of GDP

You see the BIG chart above?

See where it went WAAAAY down in 2008/9?

What worldwide economic event happened during 2008/9?

When trade slows down - so do economies.

You got that exactly backwards as to what the chart shows.

 

[Deplorable Yankee]

'With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, "threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control."

"Just as tentative signs appeared that a recovery is taking hold, trade tensions have re-emerged as a credible and significant threat to the business cycle," said Morgan Stanley's chief economist, Chetan Ahya, highlighting a “serious impact on corporate confidence" from the tariff feud.

To be sure, even before the latest trade war round, global growth and trade were already suffering, confirmed most recently by last night's dismal China economic data, which showed industrial output, retail sales and investment all sliding in April by more than economists forecast.'

Global Trade Collapsing To Depression Levels

And look when trading started to collapse...right when Trump's tariff threats/implimentations started.

So that means he is largely (though by no means entirely - hello central banks?) to blame....or at least is the major catalyst.
People told him he was nuts with these tariffs/trade war threats. That they could reverberate all over the world. But no...he didn't listen.

And now look what we might be facing?

Many say Smoot-Hawley started the Great Depression. Will Trump's protectionism be the start of the next depression?
Probably not.
The central banks of the world will come charging to the rescue - dumping HUGE sums of cheap debt onto the economies of the world and propping things up yet again...and making things just that much worse for the future to deal with.

slumpy

China's economy hit the brakes even before the new Trump tariffs
By business reporter Stephen Letts
Posted earlier today at 2:36am
China's economy appears to have slowed abruptly, even before the recent escalation of trade hostilities with the US.
China's economy appears to be slowing again after stabilising earlier this year
Retail sales, industrial production and infrastructure investment in April were all much weaker than expected
Chinese authorities are expected to unleash more stimulus as heightened trade tensions drag economic growth down further
The monthly release of key economic data showed widespread weakness across the important domestic drivers in retail and the industrial heartland during April.
Retail sales grew at their slowest pace since during the SARS outbreak in 2003.
Sales lifted 7.2 per cent over the month, but that was a big step down from the 8.7 per cent in March and much lower than analyst expectations.
Housing-related consumption — including furniture, home appliances and construction & decoration material — slowed dramatically, as did sales of clothes, phones and cosmetics.
Industrial output slowed from 8.5 per cent growth to 5.4 pre cent, also far weaker than expected, while fixed-asset investment — a proxy for infrastructure and property spending — also headed south.
The rapidly cooling domestic economy doubles down on weaker than expected export demand