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