The reality is across sectors and across regions the picture is very mixed. The auto sector is not only troubled, but becoming more troubled,
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Stagflation is rearing its ugly head, ... Slower consumer spending and disappointing business investment are causing slower growth, high unemployment and wages that lag inflation.Peter Morici
It gets more and more out of synch every year. It'd really be just a fig leaf. In order for there to be a change in the trade relationship, it has to be a large change right off the bat -- at least 20 percent.
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After a brief reprieve, the specter of a winter jobs drought looms large and frightening.
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China needs American technology, American capital and American business acumen. If there's a backlash against China it could be devastating to the Communist party and to stability in China.
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We don't give them any more market access. They won't have any more sales here, but we should have more sales there. But that deal by itself will not resolve this problem.
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It means trouble for GM. They are going to have trouble moving as many vehicles as they did last year and their market share will continue to shrink.
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