More Plunging

Ken AshfordEconomy & Jobs & Deficit, Trump & AdministrationLeave a Comment

The Dow closed down 799 points on Tuesday after it appeared that there really was no China trade deal like Trump said. Yesterday, the market was closed due to Bush 41’s funeral (in which it became all about Trump, because as everyone eulogized Bush 41, it was obvious that these were things nobody would say at Trump’s funeral.) And do … Read More

So Much Winning

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

BREAKING: GM is slashing 14,700 factory and white collar jobs in North America; may close five factories. — The Associated Press (@AP) November 26, 2018 The jobs cut is about 15% of its workforce. In doing so, General Motors is killing multiple passenger cars, including the Chevrolet Volt and Chevrolet Cruze. GM will close the Oshawa Assembly in Ontario, Lordstown … Read More

Down Down Dow

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

Sorry about the blog being down for so long. It was the server and nothing I could do about it. And what has happened in the interim? Well, for starters, the Dow is down. Way down. After plummeting almost 300 points yesterday, the Dow is down over 400 so far this morning, and it is only 9:20 a.m. We are … Read More

Dow Down Again

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

After plunging 831 points yesterday….. UPDATE: 3:40 pm — Rebounded a bit.  Now down only 318 or so. Update #2: Dow closed down 545 points. That’s over 1400 down in two days. ¯\_(ツ)_/¯ — JΞSŦΞR ✪ ΔCŦUΔL³³º¹ (@th3j35t3r) October 12, 2018

Crash, Boom

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

As a hurricane hits, this happens: Markets will close in 15 minutes after a daylong Wall Street bloodbath. — Jim Roberts (@nycjim) October 10, 2018 Why?  It’s the same story that has plagued markets for days now. Once-highflying tech has led markets lower as yields rise, with the 10-year Treasury note’s yield reaching its highest point in more than a … Read More

Deficit Doves

Ken AshfordClass Warfare, Corporate Greed, Economy & Jobs & Deficit, Occupy Wall StreetLeave a Comment

Remember when Republicans cared about the deficit?  No longer: The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO). The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law … Read More

Trump, After Killing NAFTA, Strikes “Understanding” With Mexico If He Can Get Them On The Phone

Ken AshfordEconomy & Jobs & Deficit, Foreign Affairs, Trump & AdministrationLeave a Comment

What a disaster this President is .@FoxNews begins coverage of U.S.-Mexico Trade Agreement #USMTA TRUMP: I believe the President is on the phone. Enrique? (uncomfortable 10-sec pause) Err, you can hook him up, please. STAFF: Coming! TRUMP: You wanna, uh, put that on this phone, please? Hello? 🤦‍♀️ — Bad Fox Graphics (@BadFoxGraphics) August 27, 2018 "Enrique?" — … Read More

Trump Tweets Over 30 Times From Friday To Monday, But One Tweet Gets Him Into Big Legal Trouble

Ken AshfordDisasters, Economy & Jobs & Deficit, Immigration and Xenophobia, L'Affaire Russe, Race, Trump & AdministrationLeave a Comment

No, that’s not the one.  I mean, yes it is clearly racist, but that won’t plunge Trump into legal trouble.  Besides, Keith Boykin had the perfect response: In Trump's World:Obama: KenyanLeBron James: dumbDon Lemon: dumbMaxine Waters: low IQblack countries: shitholesblack athletes: SOBsBlack tenants: unwelcomeBlack workers: lazyCentral Park 5: guiltyMexicans: rapistsMuslims: terroristsIndians: fakeNazis: very fine people — Keith Boykin (@keithboykin) August … Read More

Chamber of Commerce Declares War On Trump Tariffs

Ken AshfordEconomy & Jobs & Deficit, Trump & AdministrationLeave a Comment

Now that they have their tax cut safely in hand, the business community has apparently gotten fed up with Donald Trump. The US Chamber of Commerce, which has basically become the NRA of the business community over the past couple of decades under its firebrand conservative leader, Tom Donohue, has now declared war. “The administration’s new tariffs threaten to spark … Read More

Trump Pissed At Harley-Davidson

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

Harley-Davidson should stay 100% in America, with the people that got you your success. I’ve done so much for you, and then this. Other companies are coming back where they belong! We won’t forget, and neither will your customers or your now very HAPPY competitors! — Donald J. Trump (@realDonaldTrump) June 27, 2018 “I’ve done so much for you”?  He … Read More

In Other News, More Evidence Of Money Laundering Shows Up

Ken AshfordCorporate Greed, L'Affaire Russe, Trump & AdministrationLeave a Comment

McClatchy News has the goods: Aleksandr Burman, a Ukrainian who engaged in a health care scheme that cost the federal government $26 million and was sentenced to a decade in prison, paid $725,000 cash for a condo at a Trump Tower I in Sunny Isles Beach, Fla. in 2009. Leonid Zeldovich, who has reportedly done extensive business in the Russian-annexed area … Read More

Trump To Head To Hostile G7 Summit

Ken AshfordEconomy & Jobs & Deficit, Foreign Affairs, Trump & AdministrationLeave a Comment

I am heading for Canada and the G-7 for talks that will mostly center on the long time unfair trade practiced against the United States. From there I go to Singapore and talks with North Korea on Denuclearization. Won’t be talking about the Russian Witch Hunt Hoax for a while! — Donald J. Trump (@realDonaldTrump) June 8, 2018 Looking forward … Read More

Trump Starts Trade War With Allies

Ken AshfordEconomy & Jobs & Deficit, Foreign Affairs, Trump & AdministrationLeave a Comment

Even the Koch brothers hate this. The Trump administration announced today that it would impose hefty metal tariffs on the European Union, Canada and Mexico starting Friday, immediately provoking fears of an international trade war that sent stocks tumbling. The measure has already been met with vows of retaliation against American businesses and now threatens the future of the North American Free Trade Agreement (NAFTA). The action, which was … Read More