The Upcoming Trade War Between The U.S. And China Will Be The Biggest In The History Of The Planet

The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides. The Trump administration and the Chinese government are both gearing up for a prolonged trade war, and this is going to have very severe implications for the entire global economy. During the campaign, Donald Trump repeatedly stated that we “can’t continue to allow China to rape our country”, and he was quite correct about that. Over the past ten years, the U.S. has run a trade deficit of over $2 trillion with China, and as a result of imbalanced trade we have lost tens of thousands of manufacturing businesses, millions of good paying jobs, and hundreds of billions of dollars of tax revenue.

Trump’s Approval Rating Is Supposedly Only 37 Percent, But Small Business Optimism Just Hit The Highest Level In 12 Years

A Quinnipiac University Poll that was released on Tuesday says that Donald Trump only has an approval rating of 37 percent. Meanwhile, that same survey found that Barack Obama currently has an approval rating of 55 percent. Of course considering the fact that Quinnipiac polls showed Hillary Clinton winning the election in November easily, perhaps we should not put too much stock in these results. But other polling organizations have come up with similar results. In fact, an average of nine recent polls indicates that Trump’s approval rating is somewhere around 42 percent. So without a doubt there are a whole lot of people out there that do not like Donald Trump.

Trumphoria: Americans Are More Optimistic About The Economy Than They Have Been Since Obama’s Win In 2008

Optimism about the future of the U.S. economy has not been this strong since Barack Obama’s first presidential election victory in 2008. Donald Trump promised us an economic resurgence, and what is not to like so far? As I discussed earlier this week, stocks are soaring, businesses are already announcing that they are bringing jobs back to the United States, and the U.S. dollar has been lifted to levels that we haven’t seen in many years. Many are referring to this post-election surge as “Trumphoria”, and I think that is quite appropriate. Personally, I couldn’t imagine financial markets behaving this way if Hillary Clinton had won the election. Right now tens of millions of Americans are feeling deeply optimistic about the future for the first time in a very long time, and this is clearly reflected in the results of the most recent CNBC All-America Economic Survey

Preachers That Are Saying It Is ‘Anti-Christian’ To Get Prepared Are Being Exceedingly Irresponsible

Is it “anti-faith” to prepare for the very hard times that are coming? You would be surprised at how many Christians believe that this is true. Recently, I have been reading a number of articles by Christian leaders that take the position that Christians should not be preppers, and not too long ago I watched two very well known ministers actually mock the idea of preparing for the future on a major Christian television show. To me, this is exceedingly irresponsible. If you don’t want to do anything to get prepared for the very difficult years that are coming that is your business, but don’t urge multitudes of your fellow believers to go down that road with you.

Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated

We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low. If the “real economy” consists of people making, selling and shipping stuff, then it is in incredibly bad shape. Here in the United States, the dismal economic numbers continue to stun all of the experts. For example, on Monday we learned that the Texas general business activity index just hit a six year low

60,000 corporations closed every year, taxes blamed

America has lost 1 million corporations since their height during the Reagan era, in part driven out of business by the industrialized world’s highest corporate tax rate, according to a new report from the nonpartisan Tax Foundation.

Global Business Confidence Collapses To Post-Lehman Lows

Markit’s survey of over 6000 firms showed optimism falling sharply in October, dropping to the lowest seen since the survey began five years ago. Hiring and investment plans were also at or near post-crisis lows, while price expectations deteriorated further. More worrying, perhaps, is the US is not decoupled whatsoever, with future expectations of US business activity at the lowest since the financial crisis.

Sears Is Headed Straight For Death

Sears is in huge trouble. The department store has been bleeding cash, posting its ninth straight quarterly loss this morning. Sears CEO Eddie Lampert said that the company would close even more stores and cut costs in the coming months to combat the "unacceptable" losses.