Tag Archives: Recession

NEWS FEED MONDAY: Why a Trade Deal with China Undercuts Democrats

J Robert Smith

  • Aug. 26, 2019
  • 2 min read

China signaled on Monday it was now seeking a “calm” end to its ongoing trade war with the U.S., as Asian markets crumbled and China’s currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

— Fox News, August 25 2019

QUICK TAKE

The trade war with China isn’t over until an agreement is signed. Then it has to be enforced. But if Xi Jinping is serious about cutting a deal with President Trump, then he’ll also cut the legs out from under Democrat presidential aspirants. Not that Xi cares about Democrats’ political fortunes. Not when Trump’s very effective tariffs and his threatened actions are walloping the Chinese in their wallets.
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NEWS FEED MONDAY: Democrats Push for a Recession

J Robert Smith

  • Aug. 19, 2019
  • 2 min read

These three things are all true: The United States almost certainly isn’t in a recession right now. It may well avoid one for the foreseeable future. But the chances that the nation will fall into recession have increased sharply in the last two weeks.

— New York Times, August 16 1969

White House economic adviser Larry Kudlow said Sunday that “there’s no recession on the horizon.”

— Fox News Sunday, via Real Clear Politics, August 18, 2019
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