***Official Political Discussion Thread***

"Toledo, an immigrant from Peru, has not spoken out against the Trump administration policy to separate children from their parents at the border":



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I hate to always be so cynical but what is the color of skin of the undocumented as it pertains to this specific debate?

What is color of skin of the members of congres, and what facet of American society do they come from?

Of course it's also true that solving the issues of the undocumented citizens of this country is not their only obligation.

But look at the members of congress and their collective track record on any civil rights issue. Look at who they actually have a history of advocating for, or showing tolerance and compassion.

Again I hate to be so cynical but look at the physical, ethnic and cultural features of the members of congress.

They may demonstrate a little consternation when they hear audio of an imprisoned 3 year old crying for his/her parents, but they don't actually give a flying **** about any brown person in this country... and that's probably one of the more conscionable viewpoints on aggregate when it comes to racial minorities.

so it’s about race
 

https://www.nytimes.com/2018/06/24/business/trump-trade-war-cheese-exports.html?rref=collection/sectioncollection/business&action=click&contentCollection=business&region=rank&module=package&version=highlights&contentPlacement=7&pgtype=sectionfront
Trump’s Trade War Could Shut Cheesemakers Out of Foreign Markets
With other countries raising tariffs to American products and signing trade deals without the United States, the American cheesemaker is increasingly standing alone.

https://www.nytimes.com/2018/06/22/us/politics/donald-trump-tariffs-trade-war.html
Lobsters, Small-Batch Whiskey and Trump’s Trade War
The effects of President Trump’s trade war are beginning to ripple through the United States economy as steel tariffs disrupt domestic supply chains and global trading partners retaliate against a wide variety of American products, such as peanut butter, whiskey and lobster.
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https://www.nytimes.com/2018/06/24/business/trump-trade-war-cheese-exports.html?rref=collection/sectioncollection/business&action=click&contentCollection=business&region=rank&module=package&version=highlights&contentPlacement=7&pgtype=sectionfront
Trump’s Trade War Could Shut Cheesemakers Out of Foreign Markets
With other countries raising tariffs to American products and signing trade deals without the United States, the American cheesemaker is increasingly standing alone.

https://www.nytimes.com/2018/06/22/us/politics/donald-trump-tariffs-trade-war.html
Lobsters, Small-Batch Whiskey and Trump’s Trade War
The effects of President Trump’s trade war are beginning to ripple through the United States economy as steel tariffs disrupt domestic supply chains and global trading partners retaliate against a wide variety of American products, such as peanut butter, whiskey and lobster.
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Would be funny if we didn't have to suffer and/or it affected his personal financials.

You know he has a cabinet full of losers when no one told him this would be a bad idea.
 
Anyone remember that big infrastructure plan Trump was working on last August/September with some group? This was the around same timeframe he did his both sides Charlottesville routine, beefing with the Florida congresswoman and the gold star widow, then his NFL rant, so it got buried. Whatever happened to that? Did they tell him to piss off?
 
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Said..

"Kindness, compassion, and positivity are very important traits in life. It is far easier to say nothing than it is to speak words of kindness. It is easier to judge quickly than to take time to understand. It is often easier to see a glass half-empty rather than half full. Nevertheless, you have the power to be the positive force in so many people’s lives. Show respect to each other. Treat your community like your family, and look out for one another."



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Supreme Court allows most disputed maps in Texas, NC gerrymandering cases to be used

The Supreme Court on Monday ruled on two highly anticipated gerrymandering cases in Texas and North Carolina, in orders that mean most of the controversial maps in both states will likely be used this fall's midterm elections.

The court upheld three of four district maps in Texas that critics argued intentionally discriminated against minority voters, but struck down one.

In North Carolina, it wiped away a lower court opinion that had invalidated congressional maps there as an unconstitutional partisan gerrymander.

The decision on Monday marked yet another step by the Supreme Court on gerrymandering cases. Last week, the court punted on alleged gerrymandering in Wisconsin and Maryland, allowing the maps to stand for now.
 
Libs like Maxine James Brown Waters are so vile and combative. Our President Elect has been the most civil president we've ever had. LIBS started this mess and he is FINISHING IT.
 
Hopefully this means more coordination between the EU and China regarding trade. If we combine our efforts and work together we can target the Trump voters with greater efficiency.
Trade wars hurt everyone so we should make use of this opportunity to strengthen our bond with China. Though I must say I am a bit worried about how much China will increase its global influence in the wake of the US retreating from the world stage and Trump swinging a wrecking ball at its international relationships. Global superpowers are constantly seeking to expand their influence and soft power, whereas the Trump administration only seeks to diminish theirs. Which leaves the door wide open for China to fill that void.
But an alliance in opposition to Trump's trade war is definitely something we can work together on and that appears to be in the works.
https://www.bloomberg.com/news/arti...warn-trade-war-could-trigger-global-recession
Trade War Could Trigger Global Recession, China and Europe Warn
China and the European Union vowed to oppose trade protectionism in an apparent rebuke to the U.S., saying unilateral actions risked pushing the world into a recession.

Vice Premier Liu He -- President Xi Jinping’s top economic adviser -- said China and the EU had agreed to defend the multilateral trading system, following talks Monday in Beijing. The comments, made at a press briefing with European Commission Vice President Jyrki Katainen, come as both sides prepare to face off against President Donald Trump’s tariff threats.


“Unilateralism is on the rise and trade tensions have appeared in major economies,” Liu said. “China and the EU firmly oppose trade unilateralism and protectionism and think these actions may bring recession and turbulence to the global economy.”


Both China and the EU are coming under pressure from Trump, as the U.S. president seeks to remake a global trading system that he sees as rigged against the world’s largest economy.

After months of rhetoric and threats, the trade fight seems to be coming to a head, with Europe imposing tariffs on $3.3 billion of American products Friday in response to U.S. barriers on imports of aluminum and steel. That triggered threats of further tariffs on European cars from Trump.

Investment Curbs
Later this week, the U.S. Treasury Department is expected to release fresh rules on Chinese investment in technology companies, Bloomberg reported on Monday, putting additional pressure on China -- which hit back against the plans. Chinese investment has provided jobs and tax income for the U.S., and it should view commercial activities “objectively,” Foreign Ministry spokesman Geng Shuang told reporters in Beijing on Monday.

The U.S. is due to impose tariffs on $34 billion of Chinese imports from July 6, and Trump has threatened to impose levies on another $200 billion of Chinese goods. If that threat is realized, it could cut as much as half a percentage point off China’s economic growth, and also hit the American economy, economists have said.

Anxiety over the economic fallout is cutting deep in financial markets, with China’s yuan sliding to a six-month low Monday. The S&P 500 Index fell to the lowest since May and the Dow Jones Industrial Average sank for the ninth time in 10 sessions.

As if to reinforce concerns about the economic outlook, the Dutch Bureau for Economic Policy Analysis on Monday published its latest trade monitor, showing world trade momentum dropped in April to the lowest since 2015. The measure has fallen sharply since hitting a seven-year high at the start of 2018.

Losing Pace

Global monitor shows trade momentum at the weakest since 2015

As the conflict over trade has intensified, China has sought to align itself with Europe as a way of pushing back against the U.S. Both sides agreed in Monday’s talks to promote globalization and forged a consensus on climate change, Liu said.

But despite their alignment against the U.S. trade threat, the EU and China remain at odds over issues including the lack of reciprocal access for European firms and the EU’s reluctance to endorse China’s Belt and Road trade and infrastructure program. As China steps up its engagement in Europe, the EU, too, is working on measures to tighten screening of outside investments to protect critical technologies and infrastructure.

A survey released last week by the European Union Chamber of Commerce in China showed that a slim majority of members thought foreign-invested companies are treated unfairly, and almost two-thirds see a lack of reciprocity between the access to China’s markets that they get, and the access Chinese companies get to Europe.

China and the EU will exchange offers related to market access at an upcoming summit in July, Liu said Monday. He also said both sides agreed to connect the Belt and Road initiative to the EU’s development strategies.

The EU and China agreed to set up a working group to update the WTO to better equip it for the contemporary world, Katainen said at a press conference late Monday in Beijing. While the details have yet to be decided, the EU hopes the working group is at vice-minister level, he said.

In what Katainen described as “a big step forward,” the two sides will also exchange a list regarding a bilateral investment agreement at the upcoming summit. Still, that doesn’t mean the accord will be reached immediately, with different views outstanding on overcapacity, forced technology transfer and cyber security, he said.


https://www.bloomberg.com/news/arti...ew-as-powell-s-long-end-harder-question-holds
The Trade War Has Sent the Yield Curve to Its Flattest Since 2007
The Treasury curve just keeps getting flatter.
The gap between 2- and 10-year yields reached a fresh year-to-date low Monday, underscoring the Federal Reserve’s dilemma over what Chairman Jerome Powell has called the real perplexing question in the collapsing curve: how low long-term yields are. This reality is prompting several Wall Street firms to cut or question their year-end forecasts. Morgan Stanley’s rates team said Friday that the 2018 peak for 10-year Treasury yields is in the rear-view mirror.
Fresh signs that Washington appears set to step up its trade war with China sent investors out of riskier assets and into the safety of U.S. government debt, pushing the 10-year yield below 2.88 percent Monday and the 2- to 10-year yield spread to its narrowest since August 2007. The gaps between 5- and 30-years and between 7- and 10-year yields are still near multi-year lows.

The 2- to 10-year spread will narrow to 30 basis points by the end of this year and to 10 basis points by June 2019, according to Societe Generale.
“We do not think the curve is too flat and recommend positioning for a further flattening,” a team of the bank’s strategists, including Subadra Rajappa, wrote in a note. “We continue to see the 10-year UST getting increasingly sticky around 3%.”



Worsening trade rhetoric and recent policy actions by the European Central Bank being “more dovish” than expected triggered analysts at JPMorgan to trim their year-end forecast for 10-year yields to 3.2 percent from 3.3 percent. That combined with the firm’s prediction for the path of 2-year notes, seen at 3.05 percent, puts their forecast for the 2- to 10-year curve flattening at 15 basis points, according to a June 22 note authored by Alex Roever and Kimberly Harano.

Investors and policy makers have been closely monitoring the shape of the curve because they’ve been on guard for it to invert, a shift that has historically preceded recessions. Yet despite the growing focus, so far the Fed hasn’t altered its normalization plans. This month, it boosted its outlook to four total interest rate increases in 2018 from the three it envisaged in March.


“It makes all the sense in the world that the short end would come up,” as we are lifting rates, Powell told reporters in Washington on June 13. “The harder question is what is happening with long rates.”

Over the last two decades, Fed officials arguably have never so publicly discussed their unease about the yield-curve flattening and potential inversion, said Gina Martin Adams, chief equity strategist for Bloomberg Intelligence on Bloomberg radio Monday.

While Fed officials ponder this long-end rates puzzle -- which Powell postulated is due in part to a historically low term premium and global risk-off haven demand for U.S. debt -- Wall Street just keeps doubling down on recommending the flattener trade to clients.

“We have a flattening bias on the curve in the U.S. and the Fed’s hawkish tone at the current FOMC makes it even less likely that the long end will sell off,” wrote strategists at Barclays, including Rajiv Setia, in a note on June 22.
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https://www.nytimes.com/2018/06/25/...column-region&region=top-news&WT.nav=top-news
What’s the Yield Curve? ‘A Powerful Signal of Recessions’ Has Wall Street’s Attention
 
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