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Everything posted by Tommy Callahan
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One day after the Geneva-based UN Conference on Trade and Development (Unctad) warned central banks are at risk of triggering a full-blown global recession in their pursuit of higher interest rates to reach their 2% inflation targets, World Trade Organization economists published a report on Thursday morning outlining global growth will be sharply lower than forecasted for the remainder of 2023. WTO economists said world trade and output began to slow in the fourth quarter of 2022 due to the Federal Reserve's tighter monetary policy and tighter monetary policy in Europe and other major economies. A combination of snarled global supply chains, the property market downturn in China, and the consequences of the war in Ukraine add continued downward pressure on international trade. "The trade slowdown appears to be broad-based, involving a large number of countries and a wide array of goods," the economists said, adding, "Trade growth should pick up next year accompanied by slow but stable GDP growth." The Geneva-based institution expects the merchandise trade volume in 2023 to slightly increase by .8% from last year, compared with an April forecast of 1.7%. That's well below the 2.6% annual growth recorded since the global financial crisis about 16 years ago. "The projected slowdown in trade for 2023 is cause for concern, because of the adverse implications for the living standards of people around the world. Global economic fragmentation would only make these challenges worse, which is why WTO members must seize the opportunity to strengthen the global trading framework by avoiding protectionism and fostering a more resilient and inclusive global economy. The global economy, and in particular poor countries, will struggle to recover without a stable, open, predictable, rules-based and fair multilateral trading system," WTO Director-General Ngozi Okonjo-Iweala wrote in a statement. WTO said, "The exact causes of the slowdown are not clear, but inflation, high-interest rates, US dollar appreciation, and geopolitical tensions are all contributing elements." In a separate report, Infrastructure Capital Advisors CEO Jay Hatfield told Yahoo Finance Live that if rates stay this high, "We'll have a global recession, and the US may even get dragged into it." And Richard Kozul-Wright, the director of Unctad's globalization and development strategies division, said: "The global economy is stalling, with Europe teetering on the edge of recession, China facing strong headwinds and financial stresses are reappearing in the United States." Meanwhile, Fed members and staffers see no recession in the near future, while 84% of corporate executives warn of an incoming downturn as early as 2024. Tyler Durden
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Young people will save this country
Tommy Callahan replied to BillStime's topic in Politics, Polls, and Pundits
up here every night its the wild west with the Kia and Hyundai thefts and crimes with them. And the state is on top of it. they are suing Kia and Hyundai. while not even holding the criminals. -
Thats not a rule in any shape or form or that summer of rage would have been really interesting. Lafyette square, Portland federal building to name a few Imagine if cops opened up every time a police station was attacked or occupied. Still following your logic. a cop can shoot a person if they are not sure if they are armed? Not reality. The last part is a silly strawman, even for you The majority shooting are in dem strongholds with future dems. Armed poeple were pointing guns at him. DERP.
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Young people will save this country
Tommy Callahan replied to BillStime's topic in Politics, Polls, and Pundits
Another good reference that destroys the "percentage in the penal system, is the evidence for systemic racism" talking point that gets parroted non stop. -
Global warming err Climate change HOAX
Tommy Callahan replied to Very wide right's topic in Politics, Polls, and Pundits
And in an Ironic twist. what was called doping. are now the drugs used on people to transition. HRT.. testosterone. -
yup. it's the new rules. cops can use lethal force on rioters/trespassers.
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The mob is still hyperventilating about the orange dude and hearsay in a book. you grasp raising interest rates removes liquidity from the economy and causes pain, hurts Americans on the bottom rungs? you also grasp every nation on earth is looking at austerity. Do you think DEBT to GDP ratios over 1-1 are sustainable?
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Young people will save this country
Tommy Callahan replied to BillStime's topic in Politics, Polls, and Pundits
spot on. they live in some echo chamber where victimhood is the commodity. where they think Martyr mentality is a hero mentality. look at the guy that was killed in Brooklyn the other night. his girlfriend didn't even help or give the police any details. its ideology over common sense. chicken or the egg. Women are half the population, but only 6 percent of the penal system. sexist judicial system, or are women less likely to commit crime? -
Biden Impeachment Inquiry: The Walls Be Closing.
Tommy Callahan replied to BillsFanNC's topic in Politics, Polls, and Pundits
if the calls and text were that, then the rest is valid? like the ones talking of bribery its literally the docs you just referenced to the Chicago bird. you could choose to read them, or choose to keep parroting what the talking heads said about them. -
Biden Impeachment Inquiry: The Walls Be Closing.
Tommy Callahan replied to BillsFanNC's topic in Politics, Polls, and Pundits
Ways-and-Means-Fact-Sheet-on-Whistleblower-Testimony.pdf (house.gov) https://waysandmeans.house.gov/bombshell-ways-and-means-releases-new-documents-revealing-hunter-biden-selling-access-to-white-house-investigators-blocked-from-pursuing-evidence-related-to-president-biden/ https://waysandmeans.house.gov/event/meeting-on-documents-protected-under-internal-revenue-code-section-6103-2/