Posted on 12/06/2018 9:26:43 AM PST by bitt
The Dow Jones Industrial Average plunged by almost 500 points Thursday morning, the first day of trading after U.S. authorities secured the arrest of a Chinese technology company executive, fueling fears that the trade war with China is heating up.
News broke late Wednesday that Canadian law enforcement had arrested Meng Wanzhou, chief financial officer of Huawei Technologies, a major Chinese tech firm that has been linked to the Chinese military.
U.S. officials have requested her extradition, citing a suspected sanctions violation.
(Excerpt) Read more at thehill.com ...
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If true there is something seriously wrong with the markets.
One individual can be arrested for nearly anything, at anytime.
If true there is something seriously wrong with the markets.
Damned if you do, and damned if you don’t. China has made away with trillions of dollars in one-sided trade rules ever since the lefties persuaded Tricky Dick Nixon to make a first deal with them.
Trump tries to even things out, and naturally they don’t like that. But sooner or later it’s got to be done. We can’t keep paying the bills of every country in the world forever, especially since we have our own major deficits.
As this market continues to decline towards a negative for CY18, I cannot help but believe that it is all rigged to influence public behavior towards a 2020 defeat.
I think the Fed started it by killing the Trump economy boom. Now I think there are people in the shadows intentially manipulating the market to get people off the Trump train.
Prove me wrong...
Wall Street is doing what Wall Street does, panicking.
No mention of Iran anywhere in that story.
SNORT.
This is bigger than ‘one individual’.
A buying opportunity.
“There has been something seriously wrong with the markets since spring of 2008 (QE)”
And what is that?
“There has been something seriously wrong with the markets since spring of 2008 (QE)”
With interest rates so low there was nowhere else for money to go. Those who were fully invested were rewarded with an annual return of over 15% over the last 10 years.
One of DJT’s latest EOs states that the assets will be seized from anyone manipulating the financial health of the US -
he should start with the Fed, lol...
Why do you say there has been something seriously wrong since 2008?
I said before the election that our financial problem is too big for a human solution and that resurrecting Reagan to be president would not fix it. So, I was happy that Trump was elected, but I still see us as completely collapsing within the next one to three years. Maybe more, but not much more.
You can’t just kick the can down the road forever. Every time you kick it goes a shorter distance. And eventually the public catches on and the whole party reaches critical mass. Some very respectable financial prophets have predicted this and are, themselves, amazed at how long the powers that be were able to stave off the inevitable. So I don’t blame trump. And you now know why I bought this farm in 2008 - two weeks before the election - And I expected McCain to win. Obama’s election sealed the deal for me to move here permanently.
And the seeds of this were planted in the spring of 2008. And a symptom is the stock market that completely detached itself from the the economy.
I like trump, but this thing is above even his pay grade. I’ve been expecting it, though I’m not sure this is “it”. But it’s the reason we raises chickens.
Quantitative Easing is what got us where we are. And they had no choice. It was that or collapse. They chose that.
If that's the case they're doing it way too early.
The same thing that got Obama elected was never fixed. It was only masked.
My talk of 2008 is referring to this:
http://www.freerepublic.com/focus/f-chat/1994684/posts
Elite, and instutional, investors: “Trump is serious!!!!”
For over two years Trump’s been saying he was going to fix trade with China- and the big investors have ignored him.
Now they are taking losses on their bet that he wouldn’t follow through.
Yeah, that too.
QE wasn’t free., It is being paid for now, with interest.
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