Secretary of Agriculture Sonny Perdue was the guest of honor at the annual Farmfest gathering in southern Minnesota this month. He didn’t realize that he was on the menu. He was booed after joking that farmers are “whiners” who need to suck it up for Trump trade policies. The New York Times reports, Farmers’ Frustration With … Read more
Mr. “trade wars are easy to win” is blowing up the world’s economy with his 19th Century trade war with China, and is ensuring a global recession. The day began with Beijing’s announcement that it would levy new tariffs on $75 billion in goods, including reinstated levies on auto products, starting this fall. It all … Read more
The “Trump Slump” recession is coming, it is only a question of timing. Last week the Dow tanked 800 points in worst day of 2019 after bond market sends recession warning and remains volatile: Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal … Read more
According to a new United Nations climate report release last week, agricultural practices and people’s diets will need to change as rising temperatures diminish the earth’s ability to absorb dangerous emissions. UN panel calls for changes to farming, diets to stave off climate change: The latest Intergovernmental Panel on Climate Change (IPCC) report released on … Read more
While the nation is transfixed with the tragedy of two mass shootings over the weekend, and the failure of our white nationalist president and his enablers in Congress to address white terrorism and gun violence with any serious legislation, you may have missed that Trump’s trade wars took a turn for the worse on Monday. … Read more