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Trade declines across the world

Posted by $ blarman 9 years, 3 months ago to Economics
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It is concerning that trade is falling across the globe for all the reasons cited by the Wall Street Journal. But TPP/TPA is a disaster for freedom - including free trade - because it suborns US sovereignty.

I really wished I could have left a comment for the author at the bottom.

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  • Posted by $ MichaelAarethun 9 years, 3 months ago in reply to this comment.
    That's bad news because it's one of the key component parts of having more wars. Gulf War I & II they traded out entire divisions and corps with ALL their equipment and pogy bait supplies. The old method was trade out people with personal gear and leave the equipment in situ back hauling repairable items only.

    Train, Truck, cargo ships including stevedores and security guards at ports, ship's crews and ship repairs and ship building spiked sharply and of course so did commercial and military air cargo as a result. Foreign aid military and otherwise the same.

    The problem while somethings infrastructure wise are built we grunts mostly break things and provide appoints at each gate to paradise you are trying pass and with the gate keeper you are trying to impress. Many lines no waiting.

    The peace time version is much the same it's called pork. Something really strange for a muslim to support but it's cost us nine trillion in increased debt so far.
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  • Posted by DrZarkov99 9 years, 3 months ago
    One has to wonder what cookie jars the hands of most of these establishment GOP schills are in. Donald Trump had the most sensible comment about the TPP/TPA when he pointed out how it wasn't possible to negotiate the best deal for each party when so many are involved, and that separate trade deals with each party served each other's interest better.
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  • Posted by dbhalling 9 years, 3 months ago in reply to this comment.
    No not manufacturing. By an attack on inventing. Wealth is created and increased by increasing one's level of technology.

    Manufacturing's importance will continue to decline as 3D printing shows and as the electronic/internet industry killed the manufacturing side of publishing.
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  • Posted by dbhalling 9 years, 3 months ago
    Scary, but not surprising as Obama has used the FDR playbook and the Republicans, they also replayed the stupid responses of their forebears.
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  • Posted by wiggys 9 years, 3 months ago
    Interesting that Mr. Barone is now writing about the decline in world trade that has actually been going on for about 6 years. Where has he been?
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  • Posted by $ Thoritsu 9 years, 3 months ago in reply to this comment.
    Caused by the death of manufacturing in the US and Europe, caused by:
    1) lack of social support for basic hard work vs "my magic talent" NBA/NFL/singing/acting/art. "We are all winners. Just need my big break, and I'll be rich"
    2) preferred trading with partners conducting asymmetric trade warfare
    3) Fools in the US buying cheap crap, rather than quality products, particularly union idiots shopping at Walmart, buying Chinese products putting themselves out of jobs.
    Now we are either service providers or unemployed.
    4) Progressive idiot furthering these problems by pouring money on the fire rather than working on the root causes. (typical behavior for both well-intentioned bleeding hearts and mal-intentioned drug dealers)
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  • Posted by $ MichaelAarethun 9 years, 3 months ago in reply to this comment.
    trade may have declined but we are now shipping oil first time since 1970 in direct competition with the middle east and venezuela. how about that. Private enterprise took the bit in it's teeth first day out of thralldom.
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  • Posted by freedomforall 9 years, 3 months ago in reply to this comment.
    It was entertaining and likely educational for most. They did do some good, simple explanations of bankster smoke-and-mirror-ese. Sorry if my comment seemed uncomplimentary; I did enjoy the movie.
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  • Posted by $ blarman 9 years, 3 months ago in reply to this comment.
    And not only the American middle-class, but the European middle class as well. Their welfare policies (the same ones we've inclined to especially in the last 20 years) encourage people to move or Shrug. The only growing middle classes are in developing India and to some degree in China. India actually stands a chance of making it stick, but China's policies are going to have to change substantially before the middle class there is really going to take off. My gut tells me that their economy (bolstered by artificial stimulus and currency manipulation) is going to have to implode before it can be built on solid fundamentals.
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    Posted by $ Abaco 9 years, 3 months ago
    The death of the American middle-class has been a major (if not THE major) cause of a global slowdown.
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  • Posted by freedomforall 9 years, 3 months ago in reply to this comment.
    BTW, if you get a chance you'd probably enjoy The Big Short, although it's too much humor and not enough exposing (a)the guilty and (b)the amount of damage done for me.
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  • Posted by $ blarman 9 years, 3 months ago in reply to this comment.
    I agree, which was why I was disappointed when he turned away from the parallels of today's markets to the 1930's.
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  • Posted by $ MichaelAarethun 9 years, 3 months ago in reply to this comment.
    For the benefit of the newcomers neocon or neo conservatives are one part of the Republican In Name only family who drifted across from the left in order to get elected in a district belonging to the right wing of the left. Confused? Consider them a successful raiding party that became carpetbaggers.
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  • Posted by freedomforall 9 years, 3 months ago
    The source of this story is imo a neocon rag that has a vested interest in misleading readers.
    In particular the article lies about the TPP being a "trade agreement" and how foolish everyone is to oppose it.
    Attention Human Events, some of us are not that stupid. The TPP is an arrogant attempt to destroy national sovereignty to benefit corrupt corporate interests and puppet government officials.
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