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Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.

The bank said in a note that the trade war’s impact on U.S. consumer prices is now higher than previously expected, partly because Chinese exporters have not lowered their prices to better compete in the US market

“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said.

https://www.cnbc.com/2019/05/12/goldman-trump-tariff-costs-fall-entirely-on-us-businesses-households.html

Impressive.

Lichtman argues that Democrats are going down the same rat hole that they did in 2016; believing the polls and believing the pundits and it will cost them dearly.

https://twitter.com/WSJ/status/1126970938594082819

https://www.wsj.com/articles/don-mcgahn-rebuffed-white-house-request-to-say-trump-didnt-obstruct-justice-11557525630?mod=e2tw

Looks like first trade may be below IPO price!

Dotard can't be happy tonight.

Good job, sir.

Jacob Wohl Defends Tricking College Kid to Accuse Mayor Pete of Sexual Assault: He Got a Caramel Frappuccino

Burkman and Wohl had promised to reveal plenty of video and documentary evidence proving that Buttigieg, the mayor of South Bend, Indiana, had committed sexual assault. Instead, the two hosted a bizarre press conference in the driveway of Burkman’s Arlington, Va. home, while being frequently interrupted by noise from nearby garbage trucks.

“He’s got a Starbucks caramel frappuccino,” Wohl said. ”Most forced coercion events… do not involve caramel frappuccino.”

Wohl and Burkman also complained that Kelly had received a “very expensive” haircut while in the Washington area. Wohl had previously claimed he had footage of the salon haircut that would be offered as some kind of evidence of their empathy and largesse. But that video was never produced at the press conference.

Asked why he had chosen to hold such a supposedly momentous press conference in his driveway—where the sound of planes flying overhead competed with garbagemen for the title of most disruptive noise—Burkman talked about seeking “clarity.”

https://www.thedailybeast.com/jacob-wohl-defends-tricking-kid-to-accuse-pete-buttigieg-of-sexual-assault-he-got-a-caramel-frappuccino