That is the setting I was given this morning. After I have been saying for a few weeks now that the pieces aren’t fitting in regards to a few things. The BBC now gives us (12 hours ago) ‘The US economy is a puzzle but the pieces aren’t fitting together’ (at https://www.bbc.com/news/articles/cwypgx90243o) where we are being told “They say his tariffs and crackdown on immigrants risk a return of 1970s-esque “stagflation”, when a sudden oil shock prompted stagnant growth and spiraling prices, except this time the crisis would be self-inflicted. The White House has just as steadfastly dismissed those concerns, attacking the experts – and, in the case of the US Bureau of Labor Statistics commissioner, firing her”, as well as “A few days later, Moody’s Analytics economist Mark Zandi declared on social media that the economy was “on the precipice of a recession””
We then read “On Friday, the US government reported that spending at retailers and restaurants rose 0.5% from June to July – and that spending in June had been stronger than previously estimated. “Consumers are down but not out,” wrote Michael Pearce, deputy chief US economist at Oxford Economics, which is predicting a modest recovery in spending in the months ahead, as tax cuts and a stock market recovery boost confidence.” And as I see it, there is someone adhering to specialized requests, on the go at the setting of someone. The article then states the setting that is ‘perceived’ as “forecasters expect price increases to widen in the months ahead, as firms sell down pre-tariff stock and raise prices, now that they have more confidence about what the tariff policies might be. That’s why there was so much focus on the producer price index, which measures wholesale prices commanded by US producers before they hit consumers, offering a clue to what’s coming. It accelerated at the fastest pace in more than three years in July.” I saw this in a few ways. Consider the tourism industry. We see clear fall down issues. And would luck have it, the other are responding in a very similar way. Forbes gives us ‘New $250 Visa Integrity Fee Will Cost US $11 Billion, Say Tourism Officials’ the story goes repeated by MSN, and others. At the same time we see TTW (Travel and Tour world) release over a dozen articles in the last day on other places doing other things, like giving us ‘Vermont Unifies New Hampshire, Maine, New York, Wisconsin in Boosting Tourism Industry Attracting US and Canada Tourists During This Fall’ All whilst the larger picture is that “Canadian tourism to the US has declined due to tariffs and anti-Canadian rhetoric, with a 38% drop in road trips and 24% drop in air travel in May.” And the same numbers seems to apply for June, July and likely august too. So the picture is distorted and someone with larger fingers is juicing the numbers in different stages and states. All whilst TTW used to give us a limited number of views, someone is thrashing the typewriters there giving us a large amounts of ‘debatable’ data sources. Someone does not want us to see the setting that things are a lot worse for America than the media is willing to make us realize and that it merely part of it all.
All whilst NPR radio gives us ‘Trump is tightening the screws on corporate America — and CEOs are staying mum’ which comes (at https://www.npr.org/2025/08/14/nx-s1-5501591/trump-corporate-america-capitalism) with “Corporate America doesn’t want to fight with President Trump in public. But as a result, it’s ceding him an unprecedented amount of control over the shape — and future — of U.S. business. In the past week, the president has turned up the heat on big companies and their CEOs to an extent that is unprecedented even by Trump’s norms-shattering standards. He has publicly attacked companies and their executives throughout his political career — but now he’s demanding firings of executives who aren’t even household names, such as a corporate economist at Goldman Sachs.” Bad news is not allowed in America, not even a little. As I see it, the puzzle pieces don’t fit because the willing minority doesn’t want to give yo the goods, they want to get the jobs they aren’t qualified for or they don’t want to lose their jobs and that is because there are three more years of Trump and Elon Musk is likely the only one to be able to survive this setting, and because he is likely to be sitting on another trillion dollars of value. So why haven’t we heard from Jerome Powell? And CNN gave us (three days ago) ‘Trump is considering suing Jerome Powell, White House says’ (at https://edition.cnn.com/2025/08/12/economy/trump-lawsuit-fed-chair-powell) with the setting of ““Fortunately, the economy is so good that we’ve blown through Powell and the complacent Board. I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings,” Trump wrote on his social media platform”, as well as “Firing Powell would be a legally complicated endeavor, given that Senate-confirmed members of the Fed’s board can only be fired “for cause.” However, Trump seems keen on homing in on the Fed’s multibillion-dollar building renovation as a possible reason that would merit a “for cause” firing. The president claimed the renovation should have been a “$50 Million Dollar fix up. Not good!”” A setting that could erupt in a messy situation. I ‘personally’ don’t like the guy, but as far as I can see, he’s done a really good job with the pawns and issues he could have played. He has been enormously good for America and that needs to be said. Whoever would replace him would not likely be able to do better and that would be another iron in the fire giving President Trump a heartache all over the financial setting. As I see it, Canada is lucky to get the Former British Bank governor as Prime minister of Canada. That man can slice and dice whatever America throws the way of Canada. At present Canada created new channels of income with Mexico and Europe whilst depriving America of these settings. There never will be be a 51st state for America.
Oh, and how is America’s economy good? China has been able to stranglehold (America’s way of putting it) on rare earths minerals. So how much of these rare earths come from China? The Pentagon gave us “The Department of Defense has made a substantial commitment to domestic rare earth production by acquiring $400 million in MP Materials preferred stock. This investment converts to common shares, giving the Pentagon a 15% ownership stake and positioning it as the company’s largest shareholder, surpassing previous major stakeholders including BlackRock Fund Advisors.” So where are these materials precisely coming from?
Small questions that have a larger impact on business. At Present China has opened new Channels to the UAE and (speculatively) Egypt as well. Egypt is looking forward to getting its fingers on the Chinese J-35A Stealth Fighter. I’ve been told that it is a cheaper version of the J20 mighty dragon that is at present not seen outside of China.
But these parts are all a setting of a larger debate, a debate that gives us that America is losing defense contracts all over the globe, and China is ready to give it a go. How accurate these ‘facts’ and numbers are are currently not on the minds of western media. Still defense is merely one angle that is sowing the trend of recession. As others are ‘silenced’ on the settings and it merely on the front of AI, we see debatable settings. Which in light of energy flaws is a super hilarious setting. These systems need electricity (and a lot of it), so how that plays out is anyones guess.
So it is nice of the BBC to wake up, but a lot more is required to give us the goods. So Auf Wiener Schnitzel everyone and have a great day, its 16:39 and as such I have mucho food on the brain at present. It is still Friday in Vancouver, so they have some time to wait until they can have this German delicacy themselves.
Lawrence van Rijn - Law Lord to be 