The inverted yield curve

[TexasTiger 12,835]

17 minutes ago, japantiger said:

IT magnate?...gumball business?...petty...how does an IT magnate behave by the way? 

A business leader grows a business, makes a profit, create jobs, provides for families, cares for their people, meets customer needs, has a clear eyed view of how national tax, tariff and trade policies work, gives back to the communities they work in, is impatient, ...but hey, maybe you've got another idea from your vast experience.  All I hear from you on here is whine "but, but,  Orange Man bad" and get the basic facts wrong on what has driven global trade the last 40 years.

You're like the leftists atheist politicians constantly citing what "Jesus would want"; you don't have any idea. In this thread; you claimed both that Trump was responsible for everything going on in the DE economy; and then after that failed; said that the DE didn't want/need our help and everything DE worked better than America anyway.  You're just making s*** up.   

You want to engage in a real business discussion I'll be happy to do it.  But get your basic facts right and actually stick to a story.  Our tax and trade policies destroyed entire industries in this country and built the middle classes of other nations at the expense of Americans.  That is unforgivable; and the political whore class that you so lovingly embrace is responsible for it.  Biden, Ryan, Pelosi, Schumer, Clinton, Bush, Obama, Warren, Bernie, et al.

I  get it.  It has to hurt you being "wrong on Trump 100% of the time, every time".  Whether it was his electibility, Kavanaugh, Taxes, Jobs, foreign policy; tariffs, Russia/Russia/Russia you name it.  But, you're the one with the issue.  Your constantly shouting into the wind is just boring.   Maybe try the sports thread more; I'm sure Gus Biden could use some support.  

You see everyone to your left as one person. A few weeks ago you attributed multiple things to me you couldn’t back up. You don’t engage. You don’t distinguish.  You rant and insult. Have a good day. 

[AU64 10,122]

27 minutes ago, japantiger said:

  Our tax and trade policies destroyed entire industries in this country and built the middle classes of other nations at the expense of Americans. 

In the late 1990s our government basically gave away the domestic US textile industry which I was a part of.  Cut tariffs and made special deals with India and Pakistan that ruined the economies of small towns and counties all over the southeastern part of the US....plus ruined most of the domestic textile machinery companies like mine, because we had no more US customers and could not compete against government subsidized machinery from Germany and Switzerland. 

Nearly 20 years later, many of these towns and counties are still suffering and it took the DT recovery to get unemployment rates to reasonable levels ...and of course an entire generation of 40-60 year olds were unable to find decent jobs for the rest of their employable lives. 

I recall Obama during a campaign speech admonishing voters in the Midwest...….telling them they must forget about manufacturing jobs because they were never coming back.....WRONG......what he should have clarified was that they would never have come back under his policies.    It's been an uphill battle but manufacturing jobs are returning all over the US.....and the MSM no longer even talks about US manufacturing.     Regrettably, many of these US manufacturing jobs are with foreign owned companies like BMW down the road from me which has expanded several times and helped establish supply chain companies in the area too. 

[japantiger 4,051]

1 hour ago, TexasTiger said:

You see everyone to your left as one person. A few weeks ago you attributed multiple things to me you couldn’t back up. You don’t engage. You don’t distinguish.  You rant and insult. Have a good day. 

Please point out where I got it wrong.   Happy to engage a point by point discussion.    Oh, and thanks for conceding this thread.  

[AU64 10,122]

8 hours ago, japantiger said:

Please point out where I got it wrong.   Happy to engage a point by point discussion.    Oh, and thanks for conceding this thread.  

Don't want to get in the middle of a good scrap but thought I would just toss in a few observations for consideration.

In my last job I was the top officer for a small Swiss owned company here in the US where we sold and serviced machinery made in Switzerland.....worked the US, Canada and Mexico textile markets.     We "sold" the machines, the Swiss set the prices and set our margins.    That was some time back.   Now,  my son is the CFO of an Italian owned company that manufactures it's machines in Italy and his company handles sales, service and parts.   Same kind of deal....they build the machines in Italy, sell them to the US company which in turn sells the machine systems to US and Canadian companies. Same type of pricing system for European sourced parts.   In both cases the parent companies worried about exchange rates and kept/keep prices competitive and stable no matter what the exchange might be. 

Unless you or TT has every worked for one of those type companies you probably have no idea how they keep their books, figure cost and profits and what they do to minimize where and how much taxes they pay.    I was an "exec" and I never really knew actual costs or margins.....only what they were willing to sell them for and how much profit we were allowed to make on parts and service and.....and what the total annual profit that could be made in the US....enough to keep the IRS happy was the rule of thumb.....but not too much.

Prior to the Swiss job, I was involved in International sales for about 10 years and pretty much saw it all as far as the dirty tricks pulled by European competitors with kickbacks, bribes and secret discounts. ….and knowing we could go to jail for doing the same things.   Lost more than a few million dollar orders at the last moment when a customer "changed his mind" after making a commitment.  I learned quickly than a sale was not a sale until the check cleared the bank. 

[japantiger 4,051]

3 hours ago, AU64 said:

Don't want to get in the middle of a good scrap but thought I would just toss in a few observations for consideration.

In my last job I was the top officer for a small Swiss owned company here in the US where we sold and serviced machinery made in Switzerland.....worked the US, Canada and Mexico textile markets.     We "sold" the machines, the Swiss set the prices and set our margins.    That was some time back.   Now,  my son is the CFO of an Italian owned company that manufactures it's machines in Italy and his company handles sales, service and parts.   Same kind of deal....they build the machines in Italy, sell them to the US company which in turn sells the machine systems to US and Canadian companies. Same type of pricing system for European sourced parts.   In both cases the parent companies worried about exchange rates and kept/keep prices competitive and stable no matter what the exchange might be. 

Unless you or TT has every worked for one of those type companies you probably have no idea how they keep their books, figure cost and profits and what they do to minimize where and how much taxes they pay.    I was an "exec" and I never really knew actual costs or margins.....only what they were willing to sell them for and how much profit we were allowed to make on parts and service and.....and what the total annual profit that could be made in the US....enough to keep the IRS happy was the rule of thumb.....but not too much.

Prior to the Swiss job, I was involved in International sales for about 10 years and pretty much saw it all as far as the dirty tricks pulled by European competitors with kickbacks, bribes and secret discounts. ….and knowing we could go to jail for doing the same things.   Lost more than a few million dollar orders at the last moment when a customer "changed his mind" after making a commitment.  I learned quickly than a sale was not a sale until the check cleared the bank. 

  My financial results are filed with the SEC and I sign the MRL.   My situation is different than yours.

[TexasTiger 12,835]

20 hours ago, japantiger said:

Please point out where I got it wrong.   Happy to engage a point by point discussion.    Oh, and thanks for conceding this thread.  

 

On 7/29/2019 at 9:12 AM, TexasTiger said:

Can you please show me when/where you think I did the following?

” In the last 6 months; you and your party; have defended murdering live born children, defended openly racist government officials, declared that men can have abortions too, declared that illegals have more rights to benefits; US taxpayer $$;  than US citizens do and openly advocated for socialism.  You have lost your friggin minds.“

I’m an independent. No one else speaks for me. I’m frustrated with both parties and wish we had a strong, moderate third party option for folks interested in reasonable solutions to our problems, including the debt and with a strong anti-corruption platform. I actually identify more with many Republicans who are concerned about Trump’s excesses. While you may be inclined to dismiss that, stick to the facts and link to me doing what you just strongly accused me of doing.

Link to it. Where did I do this list of things?

[AU64 10,122]

10 hours ago, japantiger said:

  My financial results are filed with the SEC and I sign the MRL.   My situation is different than yours.

Which is a good thing...I was just noting how foreign companies frequently do business and why it's tough to compete with them. 

[SaltyTiger 7,793]

23 hours ago, AU64 said:

On 8/19/2019 at 7:27 AM, japantiger said:

 

In the late 1990s our government basically gave away the domestic US textile industry which I was a part of.  Cut tariffs and made special deals with India and Pakistan that ruined the economies of small towns and counties all over the southeastern part of the US....plus ruined most of the domestic textile machinery companies like mine, because we had no more US customers and could not compete against government subsidized machinery from Germany and Switzerland. 

Nearly 20 years later, many of these towns and counties are still suffering and it took the DT recovery to get unemployment rates to reasonable levels ...and of course an entire generation of 40-60 year olds were unable to find decent jobs for the rest of their employable lives. 

In Century Florida a year or so ago and it is a perfect example of the towns you are talking about. Losing our textiles industry was major. Out of college I worked with a large SE contractor and we specialized in building textile mills and support facilities. Unbelievable some of the advanced plants that were shut down and locked up in what seemed like overnight. 

One client of ours was Russell who btw were great people to work with. Those people knew how to make things happen. I pulled into Alexander City one morning and noticed Coca Cola machines sitting outside of every Russell building I passed. We were doing a big project at their Coosa Plant and when I got there one of the managers told  me that Coke had contracted with a  foreign outfit to make their uniforms. Gene Gwaltney ran Russell at the time and directed anything "Coca-Cola" out of the buildings. Was later told that it got Cokes attention and all ended well.  

[japantiger 4,051]

We "exported" 70,000 factories like this over the last 30 years in the name of globalization.  

[TexasTiger 12,835]

16 hours ago, japantiger said:

  My financial results are filed with the SEC and I sign the MRL.   My situation is different than yours.

 

6 hours ago, AU64 said:

Which is a good thing...I was just noting how foreign companies frequently do business and why it's tough to compete with them. 

Some American businesses can be pretty shady, too.

 

https://m.huffpost.com/us/entry/us_5d5c1ccce4b05f62fbd5f559?test_ad=readmo_test

[TexasTiger 12,835]

On 8/19/2019 at 9:08 AM, japantiger said:

Please point out where I got it wrong.   Happy to engage a point by point discussion.    

Your lack of response shows me you’ve conceded my point. 

[AU64 10,122]

5 hours ago, TexasTiger said:

 

Some American businesses can be pretty shady, too.

 

https://m.huffpost.com/us/entry/us_5d5c1ccce4b05f62fbd5f559?test_ad=readmo_test

Always looking for a way to blame the US huh?   One item about disputed real estate valuations.....and that's your example?   And Huff post.....almost as reliable as the NYT....by the time I got to the end of the piece, I realized that DT likely did not file those estimates and might even know the numbers.....but it gave Huff an excuse to drag up stuff that's been kicked around a couple years.  

Do you really spend time searching the net for such crap?   What a boring life you must have. 

[SaltyTiger 7,793]

5 hours ago, TexasTiger said:

 

Some American businesses can be pretty shady, too.

 

https://m.huffpost.com/us/entry/us_5d5c1ccce4b05f62fbd5f559?test_ad=readmo_test

Your article is bullshet Brother Tex. President Trump supporters could care less about his wealth. He obviously did well enough

.The people that elected President Trump approved of his agenda.

[TexasTiger 12,835]

1 minute ago, SaltyTiger said:

Your article is bullshet Brother Tex. President Trump supporters could care less about his wealth. He obviously did well enough

.The people that elected President Trump approved of his agenda.

Salty endorses lying and dishonest business practices. Got it!

[TexasTiger 12,835]

24 minutes ago, AU64 said:

Always looking for a way to blame the US huh?   One item about disputed real estate valuations.....and that's your example?   And Huff post.....almost as reliable as the NYT....by the time I got to the end of the piece, I realized that DT likely did not file those estimates and might even know the numbers.....but it gave Huff an excuse to drag up stuff that's been kicked around a couple years.  

Do you really spend time searching the net for such crap?   What a boring life you must have. 

You think Trump is the US. That’s the cult speaking!

[AU64 10,122]

17 minutes ago, TexasTiger said:

You think Trump is the US. That’s the cult speaking!

You say... "Some American businesses...."....and then post a link on DT.  Do you even read your own tripe?  You are the one who painted all American business based on something written about DT....🤔

[TexasTiger 12,835]

12 minutes ago, AU64 said:

You say... "Some American businesses...."....and then post a link on DT.  Do you even read your own tripe?  You are the one who painted all American business based on something written about DT....🤔

Read what you just wrote and locate the glaring flaw in logic if the cult allows such things.

[TexasTiger 12,835]

12 hours ago, AU64 said:

You say... "Some American businesses...."....and then post a link on DT.  Do you even read your own tripe?  You are the one who painted all American business based on something written about DT....🤔

Some does not equal all in this reality .

[homersapien 11,367]

15 hours ago, AU64 said:

You say... "Some American businesses...."....and then post a link on DT.  Do you even read your own tripe?  You are the one who painted all American business based on something written about DT....🤔

Trump approaches policy just like he did in his personal business, over-leveraging poor decisions followed by bankruptcy.  Only difference is, he will soon be gone leaving the rest of us to deal with the mess.

“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”

“How do you renegotiate the debt?” O’Donnell followed up.

“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”

https://www.politico.com/story/2016/06/trump-king-of-debt-224642

 

That may have worked for him - at least until the banks got a clue.  But it's not good policy for the U.S.