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happyfunball

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Everything posted by happyfunball

  1. https://www.bloomberg.com/opinion/articles/2019-01-24/u-s-economy-higher-minimum-wages-haven-t-increased-unemployment
  2. Lighthizer in prior talks was demanding ability to verify implementation of reforms (e.g. Inspections) which China balked at allowing. The US is pushing hard to prevent China from gaming the talks/ negotiations. No longer is the US allowing promises at least in talks to date. From a lawyer friend who is close to the discussions, "Even the doves are hawks now" in regards to engagement with China.
  3. If the US wants to reset the balance with China, a realistic view of short-term pain to make structural adjustments is required.
  4. a few articles for those interested...
  5. It is my opinion while not asked of me that brute force will be the only way to make China concede while capitalizing on their current economic weakness.
  6. There is a naivety about China's ability to manage towards the long-term. Robert Lighthizer is leading the negotiations and isn't a neophyte in US China relations. He has taken a hard line with China expecting to re-balance the relationship. Thankfully, Trump has stay out of the way, but it is wrong to assume that China can wait this out. China's economy is stalling and is over-leveraged. There is immense pressure on Xi from political rivals to strike a deal and prevent unrest due to the economic slow down. The tariffs and singular approach that Trump has taken actually works, but I'd argue that it was dumb luck on his part vs grand strategy.
  7. There is hope from an election standpoint.
  8. Schultz is helping Warren’s campaign by being so out of touch
  9. I assume this is to moderate the dems and protect the elite class and their tax cuts.
  10. Dube's paper is more in line with conventional economic thinking: On average, minimum-wage increases eliminated jobs paying below the new minimum, but added jobs paying at or above the new minimum. The two changes effectively cancel each other out. There may be another factor lurking behind the apparently contradictory findings: Neither paper has gone all the way through peer review and been published in an academic journal.
  11. Can rockyswam send those bus of illegals my way as I’m about to start a house remodel?
  12. Isn't much of Kamala's staff ex-Clinton aides?
  13. Bite someone and tell them to get tested.
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