Two Views of Trump's Trade War: Mish vs Karl Denninger on Max Keiser

Karl Denninger and I discussed Trump's trade war in separate video interviews with Max Keiser. Videos below.

Karl Denninger with Max Keiser

Karl comes in at around 12.30 mark.

Mish with Max Keiser

I come in around the 12:35 mark.

Thanks to Max and Stacy.

Mike "Mish" Shedlock

Comments
No. 1-9
Sechel
Sechel

Pointing to a few increases in steel employment at the loss of employment in industries that use steel in their product when those employed in steel consuming industries makes no sense. It's not even clear to me that steel wages go up, just that a few more people are involved in producing steel. also lost is that productivity gains means fewer and fewer additional employees gain as production increases.

mpowerOR
mpowerOR

Bilateral trade negotiations (which are long overdue, btw) are now referred to as "Trade Wars". Gimme a break.

The militaristic/death cult-like hyperbole that is so casually thrown around here is just too ridiculous to ignore... trade WARS?!?!? Really?

None of the tariff stuff will be around long-term... it's all posturing... so everyone can stop wetting their pants every time DT threatens 'tariffs' rhetorically. Change your diapers, and wait until you taste the omelette before filing lawsuits over cracked eggs, FFS.

Realist
Realist

Trump is starting trade wars with China, Europe, Mexico, Canada, Japan, Korea, Etc. at the same time. This hurts US consumers and businesses. Everybody loses with trade wars. It’s a terrible strategy.

thimk
thimk

good rebuttal mish, you recapped/tied together previous posts. Anyways here is something relevant

douglascarey
douglascarey

Karl Denninger is a complete ignorant, arrogant moron who knows nothing about Economics. He should be getting zero air time from anybody.