Toddsterpatriot
Diamond Member
China's response to the US trade 'effort' was to further devalue the Yuan. Their intention is to push us into a recession.
Xi Jinping alluded to a "New Long March" during a speech in May. The double meaning was in essence preparing the Chinese people for an impending recession.
Xi Jinping says China is embarking on a 'new Long March,' signaling no end to trade war soon
If the economy does go into recession...does not bode well for Trump
Trump has been calling for and probably receiving quantitative easing via the Fed...for some months now.
Trump Calls for New Quantitative Easing to Prop Up U.S. Economy
China's response to the US trade 'effort' was to further devalue the Yuan. Their intention is to push us into a recession.
They're doing a great job.
In the second quarter, the Chinese economy expanded at the slowest pace in 27 years. On Wednesday, China released a series of economic data points that were far worse than expected. President Trump’s tariffs have compounded China’s slowdown.
Chinese Economy Feels the Heat from Trump’s Tariffs - Market Realist
Oops.