Patterico's Pontifications

8/7/2019

News Headlines for 8/7/2019 (Part 1)

Filed under: Economics,Politics — DRJ @ 6:33 am



[Headlines from DRJ]

China rare earths group supports counter-measures against U.S. ‘bullying’:

BEIJING (Reuters) – China’s rare earths association said it would support Chinese counter-measures in the escalating trade row with the United States, which it accused on Wednesday of “bullying”.

The Association of China Rare Earth Industry issued a statement after a special working meeting on Monday to discuss the “guidance” given by Chinese President Xi Jinping during a visit to a rare earth plant in Jiangxi in May.

Xi’s visit stoked fears China would use its dominance over production of rare earths, a group of 17 chemical elements prized for their use in consumer electronics and military equipment, in the escalating trade war, although no restrictions on supplies have so far been announced.

In an amazing coincidence, Real Donald Trump changes course today:

“Three more Central Banks cut rates.” Our problem is not China – We are stronger than ever, money is pouring into the U.S. while China is losing companies by the thousands to other countries, and their currency is under siege – Our problem is a Federal Reserve that is too…..

….proud to admit their mistake of acting too fast and tightening too much (and that I was right!). They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW. Yield curve is at too wide a margin, and no inflation! Incompetence is a…..

….terrible thing to watch, especially when things could be taken care of sooo easily. We will WIN anyway, but it would be much easier if the Fed understood, which they don’t, that we are competing against other countries, all of whom want to do well at our expense!

7:46 AM · Aug 7, 2019

Everyone be sure to target the Fed, not China, from now on.

— DRJ

10 Responses to “News Headlines for 8/7/2019 (Part 1)”

  1. Right-wing fascists can be eco-fascists, too, though many still deny a human role in climate change.

    Paul Montagu (35419a)

  2. There was too much content in the post. I split it up into two posts — Part 1 and Part 2.

    DRJ (15874d)

  3. Climate change is a scam meant to separate your money from your wallet.

    MasterBaker (bcae7b)

  4. Incompetence is a terrible thing to watch, especially when things could be taken care of sooo easily.

    Why doesn’t he just fire everyone, then, and do everything himself? After all “only [he] can fix it,” and he can soooo easily do anything that everyone else has failed at.

    Plus, Article 2 lets him do whatever he wants as president.

    Radegunda (c8091b)

  5. A strong president would stand up to a dictator and tell him to stay out of Syria. The Kurds in Iraq and Syria have been our best allies this side of Israel and Jordan. They’ve earned our support.

    Paul Montagu (35419a)

  6. The only thing that stops the USA from being a major rare earths player are some self-defeating environmental and anti-trust laws — laws that China and US firms in China don’t have to observe. A consortium of US firms, managing prices to allow environmentally-aware mining, could supply much of the world’s needs. Instead, we let China control the market, mining with such abandon that it poisons the mining regions, then holding the world hostage to their economic demands.

    Kevin M (21ca15)

  7. Paul, the next US president to stand up to Turkey will be the first.

    Kevin M (21ca15)


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