Better first quarter growth and low inflation may make it seem like now is a good time for the U.S. economy to weather a trade war, but Don Rissmiller, chief economist at Strategas Research, says there are six factors he's identified that show it's not really a good time at all.
"It's good, but if you look at the sub-components, it's not as good as the headline. Inventories aren't the best way to be growing," Rissmiller said."We're going to pay some of that back." 3. Inflation may be low, but"there are still signs it is not dead," Rissmiller notes. He said rising capacity utilization, rising wages, slowing supplier deliver times are all signs inflation could make a comeback. The bond market, meanwhile, has not provided much"cushion" against inflation, with the 10-year yield below 2.5%.
4. U.S. bank lending standards, albeit still expansionary, do not appear to be all that easy. Rissmiller notes lending standards are a leading indicator for payroll employment.
Well most do so to find someone who says otherwise is ridiculous. Why report on fringes.
So when them?
Ask the econo-idiot when in the last 30 years was the right time? Seems when our economy is better than theirs is as good a time as any.
There is no good time to start a trade war.
What a load of crap! The USA needs to DISENGAGE from China and bankrupt them. They are out to defeat the USA both economically and militarily. Look no further than the S. China Sea.
Let them eat rice in the PRC! RedChina BoycottPRC
Oh ya. Let’s wait 10 more years when (under existing trade deals) China will be so big we will have no leverage at all. Brilliant fornicating idea DA
Yes, the best time is 10 years ago, the second best time is now.
Is it ever a good time for a trade war? Not when there is fair trade. Hint: China doesn't trade fairly. Now is a good time to stop China raping the US on trade.
Economist made the Great Depression even greater.
Analysis: This is not a good time to be strategically strong. Short term worries should always be taken more seriously than long term security. Conclusion: Unconvincing.
when is it ever?....suck it up already and understand what maga means...it means, to build our own again, be self sufficient, to bring ownership and prosperity to all who want it, it means to STOP financing countries that dislike us...wake up
When is a good time to start a trade war. On the other hand China has been waging a unilateral trade war with us for years. So when is it not a good time to respond to a trade war. That is the question.
Dear Economist: When is the most appropriate time to start a trade war?