The ECONOMY Part Deux
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Last: 3 hrs ago by DiabloWags
Link: https://t.co/DJeDrRnisR
— Stephanie Kelton (@StephanieKelton) May 29, 2026
Quote:
The historical record, however, tells us something different. The worst economic crises in American history have been driven by private-sector speculation, collapsing private debts, falling prices and the unwillingness of government to act boldly to avoid disaster."
πΊπΈπͺπΊ "EU's willing to pay 15% tariffs & take down the tariffs on us. It's INCREDIBLE deal."
— Lord Bebo (@MyLordBebo) May 31, 2026
β US Secretary of the Treasury, Scott Bessent on the tariff policy
So, the EU will import more from the US, but, at the same time, export less to the US... Do Europeans realize it? pic.twitter.com/SbgnGqe5Eb
"Section 301 studies..... IF successful ... "
Lord Bebo forgot that part of Bessent's quote.
Terribly misleading.
Oooops.
Lord Bebo forgot that part of Bessent's quote.
Terribly misleading.
Oooops.
Mike Steger recaps current state of "Fortress America" President Trump's American Manufacturing Surge
TIMESTAMPS
00:00 Intro
01:10 Volcker and the Origins of Globalization
02:30 NAFTA and the Collapse of Industrial America
04:05 Liberation Day and the Tariff Battle
05:30 China's Rare Earth Weapon
06:45 Rebuilding American Industry
08:20 The End of Free Trade Orthodoxy
09:30 Jamieson Greer vs. USMCA
10:40 Why Manufacturing Ecosystems Matter
12:20 Industry, Science, and Technological Progress
13:45 The Republican-Labor Coalition
14:45 Mexico, Cartels, and Economic Sovereignty
15:35 Canada and the Globalist Response
16:10 Fortress America
16:40 Final Thoughts
TIMESTAMPS
00:00 Intro
01:10 Volcker and the Origins of Globalization
02:30 NAFTA and the Collapse of Industrial America
04:05 Liberation Day and the Tariff Battle
05:30 China's Rare Earth Weapon
06:45 Rebuilding American Industry
08:20 The End of Free Trade Orthodoxy
09:30 Jamieson Greer vs. USMCA
10:40 Why Manufacturing Ecosystems Matter
12:20 Industry, Science, and Technological Progress
13:45 The Republican-Labor Coalition
14:45 Mexico, Cartels, and Economic Sovereignty
15:35 Canada and the Globalist Response
16:10 Fortress America
16:40 Final Thoughts
USMCA is up for review this year.
Trump is proposing that 50% of the components and materials in an automobile to come from U.S. sources in order to qualify for lower tariffs under the pact.
Obviously U S. automakers would struggle to source half of their content from U.S. sources.
Conversely, this pact would be welcomed by U.S. auto workers and other unions.
Trump is proposing that 50% of the components and materials in an automobile to come from U.S. sources in order to qualify for lower tariffs under the pact.
Obviously U S. automakers would struggle to source half of their content from U.S. sources.
Conversely, this pact would be welcomed by U.S. auto workers and other unions.
This has Canada tied in Green Knots, they're playing a losing hand as a China pawn.
movielover said:
This has Canada tied in Green Knots, they're playing a losing hand as a China pawn.
It also has the U.S. auto industry tied in knots given their supply chains which are the most cost-effective and optimized of any industry in the WORLD.
Canada has been the top buyer of US products (autos, trucks, bourbon etc) before the tariffs.
Also they are a top supplier of commodities like lumber, aluminum, potash etc. What we gain in boosting domestic production of these raw materials, we lose further down the value chain in the cost to build homes and autos.
Also they are a top supplier of commodities like lumber, aluminum, potash etc. What we gain in boosting domestic production of these raw materials, we lose further down the value chain in the cost to build homes and autos.
But Canada and Mexico were acting as a backdoor entry point for China.
Mexico is aligning with our trade policies, Canada isn't, though they feed off of us.
Mexico is aligning with our trade policies, Canada isn't, though they feed off of us.
movielover said:
But Canada and Mexico were acting as a backdoor entry point for China.
Mexico is aligning with our trade policies, Canada isn't, though they feed off of us.
Hate to break this to you . . .
No backdoor necessary.
https://www.wsj.com/business/autos/chinas-cars-arent-in-the-u-s-but-its-auto-parts-are-everywhere-9fd408e5?st=hNbFdr&reflink=desktopwebshare_permalink
Cal88 said:
Canada has been the top buyer of US products (autos, trucks, bourbon etc) before the tariffs.
Also they are a top supplier of commodities like lumber, aluminum, potash etc. What we gain in boosting domestic production of these raw materials, we lose further down the value chain in the cost to build homes and autos.
Correct.
Thank You President Trump!
The war of choice on Iran has thrown a wrench on the tariff policy. Commodity exporters like Canada now have more leverage.
It should be pretty clear by now that Trump failed his Econ class at Wharton.
He's CLUELESS when it comes to the market place.
He's CLUELESS when it comes to the market place.
Yahoo Finance: Jobs report smashes expectations with payroll growth of 172,000
"Economists surveyed by Bloomberg had anticipated payroll growth of 88,000 for the month.
"April's jobs report which itself was a massive beat was also revised to show an even better 179,000 jobs gained, compared to the 115,000 reported earlier. March's payroll growth was similarly updated to show 214,000, bringing the first monthly gain above 200,000 since early 2024."
https://finance.yahoo.com/economy/article/jobs-report-smashes-expectations-with-payroll-growth-of-172000-145525440.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAD2F0KD8bgL77Zr7cSVfyqV4I3U2RW9q-IjXb-yeqpXoar7HFw1n6BvTJjiItZumoyPgLqHEzGQrC-Yj0vRwkoUJHT5MdYSn6eEYSC73iOQIrmnDNeQlQg6b3GJCUKtxeuehKq3IBNsHXvs6OlGqxvIulQX486BlSW4XCBRxRRsF
"Economists surveyed by Bloomberg had anticipated payroll growth of 88,000 for the month.
"April's jobs report which itself was a massive beat was also revised to show an even better 179,000 jobs gained, compared to the 115,000 reported earlier. March's payroll growth was similarly updated to show 214,000, bringing the first monthly gain above 200,000 since early 2024."
https://finance.yahoo.com/economy/article/jobs-report-smashes-expectations-with-payroll-growth-of-172000-145525440.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAD2F0KD8bgL77Zr7cSVfyqV4I3U2RW9q-IjXb-yeqpXoar7HFw1n6BvTJjiItZumoyPgLqHEzGQrC-Yj0vRwkoUJHT5MdYSn6eEYSC73iOQIrmnDNeQlQg6b3GJCUKtxeuehKq3IBNsHXvs6OlGqxvIulQX486BlSW4XCBRxRRsF
Good News / Bad News
Interest rates will not be coming down anytime soon.
Trump will not be happy!
2- year yield continues to head higher.
Interest rates will not be coming down anytime soon.
Trump will not be happy!
2- year yield continues to head higher.
Business Insider: Jobs Report Recap: US Added Whopping 172000 Jobs in May
247WallSt: May Jobs Report Crushes Estimates and Any Hopes For a Fed Rate Cut
247WallSt: May Jobs Report Crushes Estimates and Any Hopes For a Fed Rate Cut
I believe I already said that.
CNBC: NEC Director Kevin Hassett on May jobs report: This is a job market that's hitting on all cylinders
https://www.cnbc.com/video/2026/06/05/nec-director-kevin-hassett-on-may-jobs-report-this-is-a-job-market-thats-hitting-on-all-cylinders.html
https://www.cnbc.com/video/2026/06/05/nec-director-kevin-hassett-on-may-jobs-report-this-is-a-job-market-thats-hitting-on-all-cylinders.html
DiabloWags said:
Good News / Bad News
Interest rates will not be coming down anytime soon.
Trump will not be happy!
2- year yield continues to head higher.
- Yup, The U.S. economy added 172,000 jobs in May, more than double economist forecasts of 85,000. The unemployment rate came in at 4.3%, in line with expectations.Fed will have no choice but to raise interest ratesWe have inflation, not stagflation.
Economy looks good from my vantage point. Went to a nearby mall at midday yesterday and it had shoppers. I have seen that mall empty many times.
Boogeyman out there is gas and the AI bubble.
Boogeyman out there is gas and the AI bubble.
Nothing to see here.
Lots of positive indicators ramping up as we rebuild some lost manufacturing capabilities.
movielover said:
Lots of positive indicators ramping up as we rebuild some lost manufacturing capabilities.
Manufacturing strength is coming from Ai.
You should know that by now.
DiabloWags said:movielover said:
Lots of positive indicators ramping up as we rebuild some lost manufacturing capabilities.
Manufacturing strength is coming from Ai.
You should know that by now.
Your TDS and myopic view make you unable to see the evident resurgence, cheering against America because of your idealogical bias. Funny. You'd probably like him more if he drove a Porsche. Workers getting more options, higher wages, and in some areas, even cheaper homes. Critical indystries gaining at least some footholds. MAGA.
Imagine where we'd be without the war.
Politico: 'ON FIRE': Blowout jobs report shows Trump's economy has held up under Iran pressures
The news follows a string of economic releases earlier this week that suggest the U.S. manufacturing sector has started to rebound, even as gas and energy prices surge.
https://www.politico.com/news/2026/06/05/may-jobs-report-trump-economy-iran-00951591?utm_content=politico/magazine/Politics&utm_source=flipboard
Reuters: Resilient US economy posts third straight month of strong job growth
https://www.reuters.com/business/world-at-work/us-posts-another-month-strong-job-gains-may-unemployment-rate-steady-43-2026-06-05/
KCRA: Women lead job growth as US economy adds 172,000 jobs in May
https://www.kcra.com/article/women-lead-job-growth-as-us-economy-adds-172000-jobs-in-may/71509227
Politico: 'ON FIRE': Blowout jobs report shows Trump's economy has held up under Iran pressures
The news follows a string of economic releases earlier this week that suggest the U.S. manufacturing sector has started to rebound, even as gas and energy prices surge.
https://www.politico.com/news/2026/06/05/may-jobs-report-trump-economy-iran-00951591?utm_content=politico/magazine/Politics&utm_source=flipboard
Reuters: Resilient US economy posts third straight month of strong job growth
https://www.reuters.com/business/world-at-work/us-posts-another-month-strong-job-gains-may-unemployment-rate-steady-43-2026-06-05/
KCRA: Women lead job growth as US economy adds 172,000 jobs in May
https://www.kcra.com/article/women-lead-job-growth-as-us-economy-adds-172000-jobs-in-may/71509227
before you get too excited (which seems challenging for you) themovielover said:
Imagine where we'd be without the war.
Politico: 'ON FIRE': Blowout jobs report shows Trump's economy has held up under Iran pressures
The news follows a string of economic releases earlier this week that suggest the U.S. manufacturing sector has started to rebound, even as gas and energy prices surge.
https://www.politico.com/news/2026/06/05/may-jobs-report-trump-economy-iran-00951591?utm_content=politico/magazine/Politics&utm_source=flipboard
Reuters: Resilient US economy posts third straight month of strong job growth
https://www.reuters.com/business/world-at-work/us-posts-another-month-strong-job-gains-may-unemployment-rate-steady-43-2026-06-05/
KCRA: Women lead job growth as US economy adds 172,000 jobs in May
https://www.kcra.com/article/women-lead-job-growth-as-us-economy-adds-172000-jobs-in-may/71509227
"biggest gains in leisure and hospitality, local government, and healthcare."
More maids, janitors, bureaucrats, and nurses to care for our aging population!
Interesting make up of the new adds don't ya think?
Priest of the Patty Hearst Shrine
Month by month, gains.
pays to look under the numbers sometimes, like always. At least then when you make mistakes you can better understand why. Month by month is not so interesting to me, maybe to you. That said, jobs gains are a good thing! They may just not be happening in the areas you are promisingmovielover said:
Month by month, gains.
Priest of the Patty Hearst Shrine
movielover said:DiabloWags said:movielover said:
Lots of positive indicators ramping up as we rebuild some lost manufacturing capabilities.
Manufacturing strength is coming from Ai.
You should know that by now.
Your TDS and myopic view make you unable to see the evident resurgence, cheering against America because of your idealogical bias. Funny. You'd probably like him more if he drove a Porsche. Workers getting more options, higher wages, and in some areas, even cheaper homes. Critical indystries gaining at least some footholds. MAGA.
Another personal attack.
Is that all you're able to resort to these days?
I will just leave you with some FACTS and not the typical MAGA rubbish:
May 2026, Current Employment Statistics (Establishment Data): Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail, Seasonally adjusted | FRED | St. Louis Fed
Manufacturing Sector: Real Sectoral Output for All Workers (OUTMS) | FRED | St. Louis Fed
movielover said:
Lots of positive indicators ramping up as we rebuild some lost manufacturing capabilities.
You don't think that higher interest rates will negatively impact the rebuilding of lost manufacturing capabilities?
What does AMuse say?
DiabloWags said:movielover said:
Lots of positive indicators ramping up as we rebuild some lost manufacturing capabilities.
You don't think that higher interest rates will negatively impact the rebuilding of lost manufacturing capabilities?
What does AMuse say?
Lots of incentives w BBB, depreciation, tariffs, etc. MAGA.
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