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USA industrial production 2014 - 2019

danmand

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onthebottom

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danmand

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Can you spot the trend.
Yep, German, USA and Canadian industrial production is falling, China's is increasing.

Furthermore, we know the reason.
 

onthebottom

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Yep, German, USA and Canadian industrial production is falling, China's is increasing.

Furthermore, we know the reason.
China trend is also down. Reason is recession in Europe and slowing China.
 

danmand

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China trend is also down. Reason is recession in Europe and slowing China.
China's industrial production is growing. USA industrial production is falling. Get it?

The only growth industry in USA is printing (of money).
 

onthebottom

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WyattEarp

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Don't be silly. You seem to be amazed that you've discovered what everyone else calls the business cycle.

As far as Chinese growth, it's been well-known for some time that China's economic statistics are just a bit more reliable than the old Soviet stats. Additionally, the Chinese government engineers a lot of industrial activity as economies with heavy state involvement tend to do.
 

danmand

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Don't be silly. You seem to be amazed that you've discovered what everyone else calls the business cycle.
PLease do not patronize me. The two charts (one supplied by OTB) shows exactly what I posted, namely that USA Industrial production is falling, while China's industrial production is growing.

You and OTB are free to explain and spin this any way you want. There is no need to insult anybody.
 

onthebottom

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Don't be silly. You seem to be amazed that you've discovered what everyone else calls the business cycle.

As far as Chinese growth, it's been well-known for some time that China's economic statistics are just a bit more reliable than the old Soviet stats. Additionally, the Chinese government engineers a lot of industrial activity as economies with heavy state involvement tend to do.
He has the mother of all Napoleon complexes where the US is concerned, has for years, which is odd for a tall pasty guy.
 

danmand

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He has the mother of all Napoleon complexes where the US is concerned, has for years, which is odd for a tall pasty guy.
You are just jealous that I am tall, blue eyed and blond, i.e. whiter than you.

I look like you white nationalists wish you looked like.
 

onthebottom

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You are just jealous that I am tall, blue eyed and blond, i.e. whiter than you.

I look like you white nationalists wish you looked like.
I’m Norwegian and Danish, you figure it out.
 

danmand

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Polaris

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US manufacturers hit harder than China’s in trade war

PMI data support findings of Harvard study into impact of tariffs


Hudson Lockett in Hong Kong | November 13, 2019

“Trade wars are good, and easy to win.” So wrote Donald Trump in a tweet from March 2018, shortly before launching the first round of tariffs on goods from China. But, for all Mr Trump’s bravado, data paint an increasingly bleak picture of the trade war’s impact on the US economy.

The US manufacturing purchasing managers’ index has been below the 50-point mark separating contraction from expansion since August, while the official counterpart from China’s statistics bureau shows a smaller fall in manufacturing activity and far greater resilience over the long term.

“If the sentiment of manufacturers is any guide, the US is losing out more from the escalation of the trade war,” said Michael Metcalfe, global head of macro strategy at State Street Global Markets. “US manufacturing sentiment has collapsed in the past nine months, spectacularly so in the last quarter. Meanwhile, their Chinese counterparts, at least by the official measure, are no less cautious than they were at the beginning of the year.”

Moreover, the Caixin manufacturing PMI, which focuses more on smaller and private companies than the official gauge, recently shot back into positive territory to its highest level in two years.

Mr Metcalfe said the recent PMI data appeared to support the findings of a recent paper from Harvard University, the University of Chicago and the Boston Federal Reserve, which found that US importers had paid a heavy price for the trade war, based on data collected at the border and from retailers.

“If economic rationale was a key driver, the pressure to agree a trade truce soon is growing,” he said.

https://www.ft.com/content/e4aa3a80-0083-11ea-b7bc-f3fa4e77dd47


 

onthebottom

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US exports 2X to the EU and Canada than it does to China. The US headwinds are caused by recession and stagnation in Europe.
 
O

OnTheWayOut

Ah, so you think the coming recession is just 'natural', part of a cycle?
How long have you been predicting this recession now? Just a tad overdue, isn't it?

To answer your question yes. All recessions are part of the business cycle, nothing unnatural about them. How you don't know this is unnatural, if you truthfully don't know it. To me it is just another failed wish on your part to see Trump fail. Seems Trump has been able to keep this recession at bay quite nicely. Gotta be tearing your guts apart LOL
 

onthebottom

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danmand

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US exports 2X to the EU and Canada than it does to China. The US headwinds are caused by recession and stagnation in Europe.
The chart does not show export. It shows industrial production.

Industrial production is $8.0T, total export $2.5T
 

onthebottom

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danmand

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