China Retaliation Is ‘11’ on Scale of 1 to 10

[Neil Austen]

Krueger called China’s retaliation “massive,” adding that “on a scale of 1-10, it’s an 11.” He cited the Chinese government calling on state buyers to halt U.S. agricultural purchases, while there’s “increased anecdotal evidence that the Chinese government is tightening its overview of foreign firms.”
China Retaliation Is ‘11’ on Scale of 1 to 10, Wall Street Warns

So, are Americans have enough of Trump's incompetence yet?
Well, at least this way the the orange clown of a president wont' be reelected.

Trump's long list of presidency fails:
Trade with China: FAIL
Build Wall at Mexico border: FAIL
Mexico to pay for that wall: FAIL
Repeal Obamacare: FAIL
NAFTA 2.0: FAIL
Peace with N. Korea: FAIL
What did Trump do then? He decreased taxes for the rich to the point that now 60 supersize corporations pay ZERO TAXES, including Amazon, IBM, and Netflix by ballooning Federal Debt to bankruptcy levels. Well, Trump did bankrupt a $3 billion dollar casino, so I guess bankrupting America is next.

 

[Dekster]

Trump won because the democrats nominated Hillary. You can lament his policies until you are blue in the face, but unless the DNC elects someone who is more likable than Trump is to his supporters, then he will be re-elected. At this point, I am not optimistic for them. Biden & Bernie are too old. Harris is going to have major problems getting the hard left on board given her history as a prosecutor. Warren has a just ugh personality. Mayor Pete just doesn't have the experience. I am starting to think that Booker is probably their best shot and he doesn't seem t be getting any primary traction with the base.

 

[Marion Morrison]

Ah! Another OMB thread.

 

[Brain357]

Dow down over 600. Can’t take all the winning.

 

[Dekster]

Dow down over 600. Can’t take all the winning.

China devaluing its currency to wipe out the tariffs was an interesting move. Not many countries could do that.

 

[Maxdeath]

Dow down over 600. Can’t take all the winning.

Correct me if I am wrong but hasn't the Dow always gone up and down? I seem to remember that the stock market set a new record high not that long ago. Seems the rest of the world is experiencing a slow down in their economies, the U.S. not yet.

Perhaps you might need a better understanding.

 

[SassyIrishLass]

Dow down over 600. Can’t take all the winning.

Saavy investors are scooping up bargains

 

[Picaro]

Ah, another Red Chinese labor racketeering fan is here to promote the commie scum/ globalist Hands Across Da Waters agenda. Amazing how these Democrats are now the primary shills for Wall Street looters now.

 

[Brain357]

Nobody wins a trade war. We are seeing this again. Every economist knows this, why must republicans repeat stupid things?

 

[BasicHumanUnit]

Nobody wins a trade war. We are seeing this again. Every economist knows this, why must republicans repeat stupid things?

Same reason you do ?

 

[Decus]

China's decision to devalue the yuan runs the risk of destabilizing China's economy. Previous effects of China devaluing their currency includes and included:

"A nose-dive in the renminbi would come at a difficult time for the Chinese economy. A dizzying rise in borrowing has driven a considerable portion of China’s growth. The government, fearing that some borrowers will have problems repaying the debt, has tried to restrain borrowing."

....

"Individuals and companies in China dumped renminbi and bought other currencies, to protect their wealth against further decreases in the value of the Chinese currency. The selling, known as capital flight, suggested that the Chinese had little faith in their own economy, and raised questions about the Chinese central bank’s handling of the devaluation."

How China’s Currency Could Help It Weather a Trade War, at a Cost

Doubtful that China can maintain this ploy.

.

 

[Picaro]

Nobody wins a trade war. We are seeing this again. Every economist knows this, why must republicans repeat stupid things?

'Every Economist', eh? Anybody know one who isn't for sale to the highest bidders?

 

[theHawk]

Krueger called China’s retaliation “massive,” adding that “on a scale of 1-10, it’s an 11.” He cited the Chinese government calling on state buyers to halt U.S. agricultural purchases, while there’s “increased anecdotal evidence that the Chinese government is tightening its overview of foreign firms.”
China Retaliation Is ‘11’ on Scale of 1 to 10, Wall Street Warns

So, are Americans have enough of Trump's incompetence yet?
Well, at least this way the the orange clown of a president wont' be reelected.

Trump's long list of presidency fails:
Trade with China: FAIL
Build Wall at Mexico border: FAIL
Mexico to pay for that wall: FAIL
Repeal Obamacare: FAIL
NAFTA 2.0: FAIL
Peace with N. Korea: FAIL
What did Trump do then? He decreased taxes for the rich to the point that now 60 supersize corporations pay ZERO TAXES, including Amazon, IBM, and Netflix by ballooning Federal Debt to bankruptcy levels. Well, Trump did bankrupt a $3 billion dollar casino, so I guess bankrupting America is next.

Oh boy, the communists and globalists must be really, really worried.

 

[theHawk]

Nobody wins a trade war. We are seeing this again. Every economist knows this, why must republicans repeat stupid things?

'Every Economist', eh? Anybody know one who isn't for sale to the highest bidders?

Economists are known for being the biggest joke of a profession.

Back in 2016 I sat through a German economist presentation at a TEDx, he talked about how no one takes his profession seriously in Germany and was obviously very butthurt about it. He then proceeded to show these loony algorithms that were completely nonsensical. He used these algorithms to predict that Hillary was going to win the election. God I wish I could had seen the look on his face on election night.

 

[iamwhatiseem]

It's all a game people.
China knows the investor class has the strings that controls the FED and the two houses.
They know this.
The question comes down to who blinks first.

 

[Picaro]

Nobody wins a trade war. We are seeing this again. Every economist knows this, why must republicans repeat stupid things?

'Every Economist', eh? Anybody know one who isn't for sale to the highest bidders?

Economists are known for being the biggest joke of a profession.

Back in 2016 I sat through a German economist presentation at a TEDx, he talked about how no one takes his profession seriously in Germany and was obviously very butthurt about it. He then proceeded to show these loony algorithms that were completely nonsensical. He used these algorithms to predict that Hillary was going to win the election. God I wish I could had seen the look on his face on election night.

Yes, they like to sell their books, and they like to rake in speaking fees, none of which will amount to much if they don't market to the 'right' audiences. Academics in general work that way too.

 

[Diver Diva]

China has been conducting a trade war with us for decades. President Trump is the first one to fight back.

 

[Neil Austen]

You want links, fine:

Trump's tariffs have cost US businesses $3.4 billion in June
Trump's tariffs cost US businesses $3.4 billion in June, trade advocacy group says

White House ‘incompetence’ on the U.S.-China trade war is concerning investors: William Cohan
White House ‘incompetence’ on the U.S.-China trade war is concerning investors: William Cohan

 

[Marion Morrison]

Dow down over 600. Can’t take all the winning.

Saavy investors are scooping up bargains

<<Waiting for teh bargains.

 

[Marion Morrison]

China's decision to devalue the yuan runs the risk of destabilizing China's economy. Previous effects of China devaluing their currency includes and included:

"A nose-dive in the renminbi would come at a difficult time for the Chinese economy. A dizzying rise in borrowing has driven a considerable portion of China’s growth. The government, fearing that some borrowers will have problems repaying the debt, has tried to restrain borrowing."

....

"Individuals and companies in China dumped renminbi and bought other currencies, to protect their wealth against further decreases in the value of the Chinese currency. The selling, known as capital flight, suggested that the Chinese had little faith in their own economy, and raised questions about the Chinese central bank’s handling of the devaluation."

How China’s Currency Could Help It Weather a Trade War, at a Cost

Doubtful that China can maintain this ploy.

.

Idk man, it looks like they're about to murder Hong Kong. Bad thing is, Hong Kong is a sizable chunk of their real producers. Their economy will implode.