US manufacturing activity dives to more than 9-year low on trade war worries

[52051]

U.S. manufacturer growth hit a multiyear low in May, the latest sign that the trade war may be slowing the economy.

The U.S. manufacturing PMI (purchasing managers index) was 50.6 in May, the lowest level since September 2009, according to results from financial data firm IHS Markit released Thursday.

“Growth of business activity slowed sharply in May as trade war worries and increased uncertainty dealt a further blow to order book growth and business confidence,” said Chris Williamson, Markit’s chief business economist.

https://www.cnbc.com/2019/05/23/us-...ar-low-on-trade-war-worries-survey-shows.html

 

[MastanKhan]

Hi,

That is not the only thing---. The weather is playing havoc in the US---snows in the midwest and other states where it did not snow at this time---. Truckers don't have load---.

California weather---this was supposed to be 85---90 degrees weather time---it is 55-60-70 degrees now---.

The peaches are not getting ripe---the cherries are not getting ripe---the strawberries are not getting ripe---the plums are not getting ripe---means that there is no fruit being delivered to the mid west and eastern states from the fruit capital of the world---. This was supposedly the boom time for business---.

And on top of that---the tariffs---. They put a big hurt on the business.

Massive massive layoffs in the transportation industry---. Wait---more are going to be coming---.

 

[52051]

Hi,

That is not the only thing---. The weather is playing havoc in the US---snows in the midwest and other states where it did not snow at this time---. Truckers don't have load---.

California weather---this was supposed to be 85---90 degrees weather time---it is 55-60-70 degrees now---.

The peaches are not getting ripe---the cherries are not getting ripe---the strawberries are not getting ripe---the plums are not getting ripe---means that there is no fruit being delivered to the mid west and eastern states from the fruit capital of the world---. This was supposedly the boom time for business---.

And on top of that---the tariffs---. They put a big hurt on the business.

Massive massive layoffs in the transportation industry---. Wait---more are going to be coming---.

The article talk about PMI of the US in May and you talk about weather

 

[MastanKhan]

The article talk about PMI of the US in May and you talk about weather

Hi,

You mentioned trade war slowing economy---.

And I stated that fruit and vegetable delivery has also put a big hurt on the economy---due to changing weather---.

Do you have any clue how much california supplies it fruits and vegetable to the nation

California supplies fruit / vegetable through out the country---for 49 states---that is like supplying to 49 countries and more---.

There are hundreds and hundreds of heavy trucks and trailers sitting eidle for 1 1/2 months now---with no jobs---with the weather wreaking havoc in the mid west---west coast truckers don't want to drive in the snow---.

Even if they wanted to---the fruit / vegetables are not ready for delivery either---.

It is not only the tariffs that are hurting---.

I think you are a smart guy---but in your ignorance---you did not comprehend the significance / importance of fruit and vegetable delivery from california to other states---.

"
Over a third of the country's vegetables and two-thirds of the country's fruits and nuts are grown in California. California is the leading US state for cash farm receipts, accounting for over 13 percent of the nation's total agricultural value. The top producing commodities for 2017 include":

• Dairy Products, Milk — $6.56 billion
• Grapes — $5.79 billion
• Almonds — $5.60 billion
• Strawberries — $3.10 billion
• Cattle and Calves — $2.53 billion

• Lettuce — $2.41 billion
• Walnuts — $1.59 billion
• Tomatoes — $1.05 billion
• Pistachios — $1.01 billion
• Broilers — $939 million

https://www.cdfa.ca.gov/statistics/

If we say just 5 billion dollars loss for fruits and vegetable---that is not recoverable because a bad weather---because the material will either rot---get spoiled---and taken down for the next crop---. That is 5 billion loss in one spring before the summer starting---.

At this time---there used to be lines of semi trucks and trailers at farms to pick up the produce---but there is nothing happening now because of cold cold weather---.

Tariff economy takes time to hurt---.

Produce economy is instantaneous---.

 

[52051]

Hi,

You mentioned trade war slowing economy---.

And I stated that fruit and vegetable delivery has also put a big hurt on the economy---due to changing weather---.

Do you have any clue how much california supplies it fruits and vegetable to the nation

California supplies fruit / vegetable through out the country---for 49 states---that is like supplying to 49 countries and more---.

There are hundreds and hundreds of heavy trucks and trailers sitting eidle for 1 1/2 months now---with no jobs---with the weather wreaking havoc in the mid west---west coast truckers don't want to drive in the snow---.

Even if they wanted to---the fruit / vegetables are not ready for delivery either---.

It is not only the tariffs that are hurting---.

I think you are a smart guy---but in your ignorance---you did not comprehend the significance / importance of fruit and vegetable delivery from california to other states---.

"
Over a third of the country's vegetables and two-thirds of the country's fruits and nuts are grown in California. California is the leading US state for cash farm receipts, accounting for over 13 percent of the nation's total agricultural value. The top producing commodities for 2017 include":

• Dairy Products, Milk — $6.56 billion
• Grapes — $5.79 billion
• Almonds — $5.60 billion
• Strawberries — $3.10 billion
• Cattle and Calves — $2.53 billion

• Lettuce — $2.41 billion
• Walnuts — $1.59 billion
• Tomatoes — $1.05 billion
• Pistachios — $1.01 billion
• Broilers — $939 million

https://www.cdfa.ca.gov/statistics/

If we say just 5 billion dollars loss for fruits and vegetable---that is not recoverable because a bad weather---because the material will either rot---get spoiled---and taken down for the next crop---. That is 5 billion loss in one spring before the summer starting---.

At this time---there used to be lines of semi trucks and trailers at farms to pick up the produce---but there is nothing happening now because of cold cold weather---.

Tariff economy takes time to hurt---.

Produce economy is instantaneous---.

The article talk about PMI in May, which is an industrial indictor, you talk about vegetables, winter and others

 

[Han Patriot]

The article talk about PMI in May, which is an industrial indictor, you talk about vegetables, winter and others

Yes PMI is industrial not fruits and vegetables.

 

[FuturePAF]

Unfortunately the standard of living is decreasing in the US.

With less disposable income (due in part to increasing rents in major job markets), underemployment, and the various types of debt people already have, domestic consumption is slowing. The mortgage rate decreased 19 basis points in the last week if i'm not mistake, and instead of an increase in home buying, there was an 8% increase in people just refinancing the homes they already live in.

States like California are losing more and more of their luster every week. On top of the unseasonably mild weather, the legacy of deregulation, which has made big companies rich, has come home to roost. In the past two years wild fires have bankrupted the state utilities with tens of billions owed to fire victims their under-maintained power lines caused.

In the Silicon Valley, the potential of the trade war limiting supplies of rare earth materials could hurt the competitiveness of tech companies. Compound that with a lack of agreement on investment in infrastructure and not enough technical training will make American industry less competitive. This at a time, when the Chinese are catching up.

If this is not a new Sputnik moment, that should galvanize the nation to get its priorities right, I don't know what is.

 

[gambit]

Aaahhh...Just another useless bandwidth wasting US 'collapse' thread.

 

[Feng Leng]

If this is not a new Sputnik moment, that should galvanize the nation to get its priorities right, I don't know what is.

Competing against the Soviets, the Americans would consider themselves to be "falling behind" but competing against China, the Americans would consider themselves to be the victims of "unfair tactics" by the Chinese. The only reason is because the Chinese are a different race. The end result is that the Americans will inevitably go to war rather than accept conclusions that are inconsistent with their racial ideology. For China, this means we need to preemptively launch strikes on them or at the very least build up our arsenal to be ready for it anytime.

 

[Hamartia Antidote]

Unfortunately the standard of living is decreasing in the US.

With less disposable income (due in part to increasing rents in major job markets), underemployment, and the various types of debt people already have, domestic consumption is slowing. The mortgage rate decreased 19 basis points in the last week if i'm not mistake, and instead of an increase in home buying, there was an 8% increase in people just refinancing the homes they already live in.

States like California are losing more and more of their luster every week. On top of the unseasonably mild weather, the legacy of deregulation, which has made big companies rich, has come home to roost. In the past two years wild fires have bankrupted the state utilities with tens of billions owed to fire victims their under-maintained power lines caused.

In the Silicon Valley, the potential of the trade war limiting supplies of rare earth materials could hurt the competitiveness of tech companies. Compound that with a lack of agreement on investment in infrastructure and not enough technical training will make American industry less competitive. This at a time, when the Chinese are catching up.

If this is not a new Sputnik moment, that should galvanize the nation to get its priorities right, I don't know what is.

Things are fine here
May 22, 2019
https://www.bostonglobe.com/busines...pring-bloom/ds4Pj4axugF7CMuqPqCmIL/story.html

Boston area housing market in full spring bloom
Still, it’s not exactly a buyer’s market. Inventory remains low by historic standards, with about three months’ worth of supply available at the current sales pace. Steady job growth in the region is fueling a strong demand for homes. Statewide, the median price of a single-family home hit a record high $382,500 last month, according to Boston real estate tracking firm the Warren Group. In Greater Boston, however, the median price was $618,000

 

[CHN Bamboo]

Hi,

That is not the only thing---. The weather is playing havoc in the US---snows in the midwest and other states where it did not snow at this time---. Truckers don't have load---.

California weather---this was supposed to be 85---90 degrees weather time---it is 55-60-70 degrees now---.

The peaches are not getting ripe---the cherries are not getting ripe---the strawberries are not getting ripe---the plums are not getting ripe---means that there is no fruit being delivered to the mid west and eastern states from the fruit capital of the world---. This was supposedly the boom time for business---.

And on top of that---the tariffs---. They put a big hurt on the business.

Massive massive layoffs in the transportation industry---. Wait---more are going to be coming---.

Hi,

You mentioned trade war slowing economy---.

And I stated that fruit and vegetable delivery has also put a big hurt on the economy---due to changing weather---.

Do you have any clue how much california supplies it fruits and vegetable to the nation

California supplies fruit / vegetable through out the country---for 49 states---that is like supplying to 49 countries and more---.

There are hundreds and hundreds of heavy trucks and trailers sitting eidle for 1 1/2 months now---with no jobs---with the weather wreaking havoc in the mid west---west coast truckers don't want to drive in the snow---.

Even if they wanted to---the fruit / vegetables are not ready for delivery either---.

It is not only the tariffs that are hurting---.

I think you are a smart guy---but in your ignorance---you did not comprehend the significance / importance of fruit and vegetable delivery from california to other states---.

"
Over a third of the country's vegetables and two-thirds of the country's fruits and nuts are grown in California. California is the leading US state for cash farm receipts, accounting for over 13 percent of the nation's total agricultural value. The top producing commodities for 2017 include":

• Dairy Products, Milk — $6.56 billion
• Grapes — $5.79 billion
• Almonds — $5.60 billion
• Strawberries — $3.10 billion
• Cattle and Calves — $2.53 billion

• Lettuce — $2.41 billion
• Walnuts — $1.59 billion
• Tomatoes — $1.05 billion
• Pistachios — $1.01 billion
• Broilers — $939 million

https://www.cdfa.ca.gov/statistics/

If we say just 5 billion dollars loss for fruits and vegetable---that is not recoverable because a bad weather---because the material will either rot---get spoiled---and taken down for the next crop---. That is 5 billion loss in one spring before the summer starting---.

At this time---there used to be lines of semi trucks and trailers at farms to pick up the produce---but there is nothing happening now because of cold cold weather---.

Tariff economy takes time to hurt---.

Produce economy is instantaneous---.

You make my day.

 

[Menthol]

Economy hates a big bang kind of changes.

Even thou it will back to normal again, but can people live without earning for months to pay for foods and bills.

May be Trump can, he is wealthy.

 

[MastanKhan]

Aaahhh...Just another useless bandwidth wasting US 'collapse' thread.

Hi,

It is not about the collapse of US economy---but what @Menthol wrote.

The economy is teetering at the verge of what happened in 2008. The US did not collapse then---it won't collapse now---.

It is about the sufferings that the people will go thru---.

Not every post / thread is about the collapse of US---.

Economy hates a big bang kind of changes.

Even thou it will back to normal again, but can people live without earning for months to pay for foods and bills.

May be Trump can, he is wealthy.