WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Loyalty

Loyalty

ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

***2024***
* Wed. June 12 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. July 31 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Sept. 18 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Thurs. Nov. 7 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Dec. 18 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Sunday, September 02, 2018

The Truth About U.S. & Canadian Dairy Farmers

Further to my articles herehere and here regarding trade and NAFTA, I came across this interesting Toronto Star article, which describes the truth about the oversupply of milk production in the United States.

Source: The Toronto Star


Canada already controls its Canadian milk production to ensure that its producers can sustain a living, while adequately satisfying its domestic demand. It's no fault of Canada that the U.S. has not done the same with respect to its domestic production and consumption.

It's notable that President Trump would rather try to bully Canadians into buying more than they need by forcing U.S. dairy products on them, rather than addressing his own domestic oversupply issues, or look for other export markets. As I mentioned previously, Canada has a population of only 36.95 million versus 327,867,715 (on June 7, 2018) in the U.S., so Canadians can consume only so much milk, compared with Americans...they don't need to be force-fed more! And, they certainly don't need to be ordered to consume American products or be threatened with auto tariffs if they don't comply with his bullying whims.

So, Mr. Trump, don't blame Canada for your country's own mismanagement issues! It appears as though some Americans are already studying a proposal for a "Sustainable Milk Inventory System Act," which has been summarized as a "U.S. version of the Canadian system with improvements," as noted in the following excerpt from the above article. Perhaps you could learn a thing or two from your own farmers, who are actively seeking solutions to their problems...in spite of your own inaction on this issue and reversion to trade bluster, instead, and punitive threats to dump and flood your country's excess dairy into Canada, while, at the same time, complaining that China is dumping and flooding its excess steel into world markets...the pot calling the kettle black!