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Dow is down 360+ points. 1.5% Yep. No impact here. Nothing to see, move along, everything is fine...
And GM falling twice as much as the overall index. Not surprising. Michigan and Ohio rely on a strong GM. No more strong GM if the profits they get from China dry up.
I think we will see a retarded effect, once the nationalizations begin and the inflation explodes ther in USA then the Interest rate will have to go up again in orther to mantain inflation under control and then boom, the Debt of The government explodes and the deficit goes crazy.
Dow is down 360+ points. 1.5% Yep. No impact here. Nothing to see, move along, everything is fine...
Yeah because temporary setbacks are never part of the process of a dispute between countries...
Evidently, any sort of discomfort, setback, or inconvenience is an indisputable sign of complete policy failure to you people. Good thing we didn't adopt that way of thinking during WWII...
How many posts and columns have warned us that tariffs won't work. They haven't even gone into effect. When Trump said China has more to lose, I guess he was right. One more reason not to believe the media.
SHANGHAI (Reuters) - Shanghai stocks tumbled nearly 4 percent on Tuesday to a two-year low, while the yuan fell to a more-than-five-month low against the dollar as Washington's fresh tariff threats against China raised the specter of a full-blown trade war.
All China has to do is treat us more fairly to lower the largest trade imbalances in world history....you on thei rside?
All China has to do is treat us more fairly to lower the largest trade imbalances in world history....you on thei rside?
Ridiculous hyperbole. China is on track for a current account surplus of 1% of GDP this year. That's tiny. Down from 10% of GDP a decade ago. It takes into account all trade and movements of money, not just goods trade. Chinese outbound tourism is skyrocketing, employing millions around the world, including America, in the tourism industry. Repatriated profits from sales in China are also increasing fast.
You have a trade deficit with your local grocery store you buy from. Are you hurting and planning to fix it?
1.5% and the sky is falling? Were you feeding yourself in 2008 or was it mommy?
Well that was a wholesale collapse. This is due to one over-spray tanned idiot overstepping his power. I was making money in '08 from everyone bailing.
Yeah because temporary setbacks are never part of the process of a dispute between countries...
Evidently, any sort of discomfort, setback, or inconvenience is an indisputable sign of complete policy failure to you people. Good thing we didn't adopt that way of thinking during WWII...
You mean, joining the fight three years after everyone else, when you realized isolation wasn't going to work? Yeah...
Ridiculous hyperbole. China is on track for a current account surplus of 1% of GDP this year. That's tiny. Down from 10% of GDP a decade ago. It takes into account all trade and movements of money, not just goods trade. Chinese outbound tourism is skyrocketing, employing millions around the world, including America, in the tourism industry. Repatriated profits from sales in China are also increasing fast.
You have a trade deficit with your local grocery store you buy from. Are you hurting and planning to fix it?
So you're happy having China screw us over, well I'm not and elections have consequences remember what Odummy said. Our trade deficit with China was $375B in 2017.
What an absurd analogy to compare my trade deficit with my grocery store to the US vs China trade deficit.
So you're happy having China screw us over, well I'm not and elections have consequences remember what Odummy said. Our trade deficit with China was $375B in 2017.
What an absurd analogy to compare my trade deficit with my grocery store to the US vs China trade deficit.
China's current account surplus has declined from 10% of GDP a decade ago when Odummy took office, to 1% of GDP today. China is likely to soon have a DEFICIT, just like America has had for many decades. Countries have surpluses with some countries and deficits with others, just like you with your grocery store. You know you are not suffering just because your grocery store sells you goods. You sell your own good or services to your employer, whoever that is.
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