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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (1437)11/24/2018 11:40:10 PM
From: Elroy Jetson  Respond to of 13803
 
Trump says the CDC warnings of E.Coli in romaine lettuce is "fake news".

Eat hearty.




To: robert b furman who wrote (1437)11/26/2018 2:27:43 PM
From: Elroy Jetson  Respond to of 13803
 
GM has suffered sliding sales in two of its most crucial markets: China and the United States in recent years.

Thank god for Trump's steel and aluminum import tariffs and China's new import tariffs on US made vehicles.

When President Trump announced tariffs last summer, GM took a hard stance, warning of the fallout within the auto industry and saying " the tariffs will undermine GM’s competitiveness against foreign auto producers/b] by erecting broad brush trade barriers that increase our global costs[” in comments filed with the Commerce Department in June.




Those tariffs are punishing Canada really well.



To: robert b furman who wrote (1437)11/26/2018 9:11:13 PM
From: Elroy Jetson  Respond to of 13803
 
White House celebrates victory over Canada.





To: robert b furman who wrote (1437)11/28/2018 11:49:57 AM
From: Elroy Jetson  Read Replies (1) | Respond to of 13803
 
American corn farmers are receiving $0.01 per bushel of corn to offset the fact they can't export their product to China - reuters.com

Federal economists have calculated that the nation’s losses in corn - its largest crop by harvest and export volume - amount to just a penny per bushel, a pittance farmers call absurd. That’s in stark contrast to the substantial $1.65 per bushel the government will pay for lost sales of soybeans, the crop hardest hit by retaliatory Chinese tariffs in a trade war launched by U.S. President Donald Trump.

Both subsidies only cover half the bushels harvested this fall, though the government could soon decide to apply more aid money to this season. The trade-war payouts for corn have averaged $147 per farmer.

Rob Sharkey, an Illinois farmer, hopes his corn trade aid check will be big enough for that margarita machine he and his wife have been eyeing – but they doubt they’ll be any left over for the booze.
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Aid to American soybean farmers is available ONLY to those who harvest and store their crop - reuters.com

With China not buying U.S. soybeans and storage costs rocketing or silos completely full, some farmers have been forced to let their crops rot in the field, resulting in zero assistance. “We have nowhere else to store the soybeans until they’re loaded onto a boat and go somewhere else in the world.” 15% of the soybean crop has been plowed under at a total loss without cash assistance to offset the losses.

Louisiana farmer Richard Fontenot is among about 1,000 grain growers that Abraham estimates are being impacted. "What really rankles is Trump voters laughing at our misfortune, saying we should have built more grain elevators in anticipation of Trump's trade war. They're not farmers so they think we should have just waved a magic wand."

Fontenot and his neighbors met with Secretary of Agriculture Sonny Perdue this fall, during a farm tour. Perdue was sympathetic, Fontenot said, but clear: It is up to Congress to change the law and allow USDA to pay aid for planted - rather than harvested - acres.