Commerce Secretary Wilbur Ross appears on Fox Business to discuss the status of the U.S-China trade “negotiations” :::nudge-nudge, wink-wink::: and highlights the ‘phase-1’ fulcrum is China committing to the $50b Ag purchase without condition. Secretary Ross also notes the December 15th date just happens to be “good timing” if the U.S. team is “forced” to put more tariffs on China. LOL.
Additionally, Mr. Ross notes the challenge of a strong dollar as it relates to allied nations who are stimulating their own economy by sending us even cheaper stuff, ie. Brazil.
Whenever we discover a financial analyst who understands the new dimension in U.S. economics (rare) it is worth revisiting them from time-to-time. Allianz chief economic adviser Mohamed El-Erian was one of the first MSM pundits to: (a) accept the disconnect between Wall Street and Main Street via de-globalization; and (b) begin to explain why that matters in the era of Trump.
El-Erian appeared this morning on Fox Business News to discuss President Trump’s re-imposition of steel and aluminum tariffs on Brazil and Argentina. Additionally El-Erian discusses trade tensions, market outlooks, consumer strength, recession fears, and the drag the rest of the world is placing in the U.S. economy.
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The U.S. economy is strong; all the fundamentals are solid. However, the multinationals on Wall Street -invested overseas- are more exposed. There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile… they need “structural reform.” The multinationals are holding cash, waiting to see how it plays out. (more…)
In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.
This thread will refresh daily and appear above the Open Discussion Thread.
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
On November 8th of this year Lawfare founder Benjamin Wittes sent a rather curious tweet proclaiming his undying devotion to former FBI lawyer Lisa Page. At the time it seemed rather odd and out of no-where; but today it makes sense. At the time of Witte’s tweet Lisa Page would have been scheduling her coming out narrative, and consulting with the DOJ/FBI “beach friend” community for PR advice. After several weeks of planning and careful roll-out organization, noted by several weeks of contact with mutually aligned journalists, today Ms. Page steps into the spotlight with her introductory article in the Daily Beast, aptly titled: “Lisa Page Speaks“.
Yes, yes, of course Lisa Page says she’s a victim to the horrible President Trump and the exposure of “private affair”, and the exposure of her “political texts and biases” etc. etc. However, that’s not what is really interesting….
Within the article there’s a very specific and very familiar type of victim narrative construct.
When you read the article it jumps out at you. The victim narrative is from the exact same acting coaches hired by the FBI and used by Dr. Christine Blasey-Ford; it’s a little spooky how both Ms. Ford and Ms. Page could sound so identical, until you realize the same FBI and media people have constructed both victim storyboards.
Ms. Page decries what she has seen happen to her beloved FBI, that as she said “she grew up in“. Now, if that institutional attachment sounds a little over-the-top considering a grown woman started at the FBI in 2013 and resigned in 2018, well, it helps to remember this is the Public Relations advice from the DC-based FBI committee. (more…)
The White House was given an arbitrary deadline of 5pm tonight (without any background information) for a participation response to a House Judiciary Committee December 4th hearing; at a time when President Trump is attending a NATO summit; for a hearing with unspecified witnesses; and for a hearing with unspecified purposes; and for a hearing with unspecified rules.
The White House responds accordingly (pdf here):
The full five-page letter is below: (more…)
According to multiple media report U.S. Attorney General Bill Barr was already planning a visit to Mexico prior to a massive cartel gun battle near the U.S. border that has left 21 people dead. . MEXICO – More than a dozen armored trucks filled with Los Zetas cartel gunmen rolled into a small rural town in the border state of Coahuila. The gunmen spread terror as they attacked the city hall building. The incursion turned into a fierce shootout and several chases where at least 14 cartel gunmen, three civilians, and four police officers died. Preliminary reports point to six additional people sustaining gunshot injuries.
The violence began on Saturday morning. More than a dozen armored trucks, some with machine guns mounted on top, left the border city of Nuevo Laredo, Tamaulipas driving towards the state of Coahuila. The gunmen are members of a faction of Los Zetas called Cartel Del Noreste. (more…)
House Judiciary Committee ranking member Doug Collins appears on Fox News to debate the insufferable gatekeeper of the swamp, Chris Wallace.
Despite the necessary obfuscation by Wallace, who is professionally trained to pretend not to know things, Collins points out the ridiculous proposition that republicans and the White House are required to respond to participation demands when the HPSCI impeachment report hasn’t even been produced. The process construct therein highlights the purely political motive of the partisan Democrat agenda. At this point it’s transparent.
Representative Andy Biggs appears on Fox News to discuss the next two weeks. The Democrats are rushing to impeach President Trump prior to the Christmas recess.
December 1st – Deadline for White House response for participation in “groundwork” hearing.
December 2nd – Schiff’s HPSCI Impeachment Committee presents draft report.
December 3rd – HPSCI Committee votes on impeachment report.
December 4th – HJC “groundwork” impeachment hearing at 10:00am.
December 6th – Deadline for White House response for participation in HJC Impeachment Hearing.
December 6th – Deadline for House Republican witness list.
December 9th – Hearing to deny House Republican witnesses.
December 13th – House recesses for Christmas break?
