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Of the trade war was slipping as well so we probably are slipping into a Global Economic shutdown slowdown whether its a recession is is unclear at this point so many factoring slows does this mean that people are actually unemployed and out of work. No and well we will get the next piece of important Economic Data later on this week on friday were getting at the jobs data for the month of august you know we have still continued to see a fairly robust jobs market right now although its slowing down as well the numbers 429000 are i think about 160000 jobs created per month thats down from about 220000. 00 just the jobs that were created each month and 2018 so on balance you would still say that the economy is doing well but there are certainly storm clouds on the horizon just so that the audience understands the Manufac ....
Canada mexico but arent as aware or arent as certain about the supply chains and whats theyre able to source products from theyre not going to produce as many products theyre not going to hire as many people and thats the direct consequence and you see that playing out right now in these numbers but its also more broadly just based on uncertainty in the world right now youve got youre a possibly going into recession as well certainly the chinese economy independent of the trade war was slipping as well so we probably are slipping into a Global Economic shutdown slowdown whether its a recession is is unclear at this point so many of factoring slows does this mean that people are actually unemployed and out of work. No and well we will get the next piece of important Economic Data later on this week on friday were getting at the jobs data for the month of august you know we hav ....
A psychological effect can you break down what this actually means and what what causes it well its a little bit of both i mean we lets also remember that we are now 9 years into this economic recovery and thats a historically long period of time we probably regardless of where we were on trade tensions were probably nearing the end of this Economic Cycle but what happens when you have companies that arent sure of their exports not only to china but other parts of the world because we certainly have trade tensions with europe as well canada mexico but arent as aware or arent as certain about the supply chains and whats theyre able to source products from theyre not going to produce as many products theyre not going to hire as many people and thats the direct consequence and you see that playing out right now in these numbers but its also more broadly just based on uncertainty in the world right now youve got your a possibly going ....
This country as compared to others for example well and thats an important conversation to have if you go back to the 1950 s. And sixtys there was a time in this country where you could have graduated with a High School Degree and gotten a good paying union job in a factory that would have provided Good Health Care a good Retirement Benefits in the form of a pension you could have a work there and had a productive life those kinds of jobs simply dont exist anymore they dont exist in part because of automation but also in part because of globalization one of the reasons why for instance the trade tariffs are so detrimental to u. S. Consumers is that we get so many of our consumer goods right now from china its clothing its footwear its electronics a lot of the things that simply dont make economic sense to make ....