Posted on 05/13/2019 8:04:07 AM PDT by SeekAndFind
Bangkok, Oriental setting
And the city don’t know that the city is getting
The creme de la creme of the chess world
In a show with everything but Yul Brynner
I read that soybean exports to China were 14 billion,. Of that BIG Farm produces 60%. So we are only talking about 6 billion exported from smaller farms. Yet we are inundated with media narratives of widespread small farm failure. Hardship for them right now. True. They have been through it before. But widespread failure, no. Because the government can subsidize purchases from small farms with a piece of the tariff income to relieve some of the hardship while we pound enemy China into economic submission and hopefully jettison the entire relationship for good.
Sorry, Peoples Republic of China.
Exactly, the short term its a little pain, but a protracted trade war, and western money will flee China and set up shop in countless other emerging nations.
US Imports account for 60% of the Chinese economy, they cannot replace our consumer market, and certainly can’t replace the investment capital.
There would be pain on both sides, but it would be a war of attrition and China would lose. For the US it results in higher cost goods, for China it results in economic collapse.
The Apple lawsuit, and yesterday’s failed attack on tanker’s in Dubai are having more of an effect on stocks than China, I think.
[60% of the Chinese Economy are goods sold to the US.]
And that is in part why the president will crush Xi Jinping like a bug. Xi is a backroom schemer - a brown-nosing butt-kisser - who got ahead by flattering his superiors while downplaying his personal ambition. Trump built his business and political fortunes in fair and open competition against the best minds in the country (and Democrats in the DOJ, FBI & CIA running an illegal operation against him). Xi’s personal incompetence, combined with China’s relative weakness, will ensure that China will sustain outsized damage in this trade dispute.
“I’m sure astute Freepers knew all along that the President’s recent trip to Vietnam had nothing to do with that summit with Kim Jong-un and everything to do with laying the foundation for establishing Vietnam as an alternative to China as an Asian manufacturing hub.”
Most Vietnamese would love to stick it to China for payback.
Even Ho Chi Minh said, "I'd rather smell French s___ for five years, than Chinese s___ for a thousand years."
‘Got the bubble-headed bleach blonde that comes on at five’
‘She can tell you about the plane crash with a gleam in her eye’
‘It’s interesting when people die, give us dirty laundry’
BOL!
For years whenever we meet and get to know Vietnamese Americans, I ask, if their people still in Viet Nam, hate the ChiComs.
They still hate the ChiComs and Chinese.
Is the head dead yet?
The financial markets are overreacting to this news about tariffs. Tariffs on $200 billion of Chinese products are not that big of a deal. $200 billion is about 1% of US GDP. The inflationary impact is close to zero. Institutional investors seem to freak out over tariff increases for a day or two, and I’m not sure why. But they seem to have trouble processing tariffs mentally, because we haven’t had any kind of serious trade war since the 1930s and they just don’t know what the economic impact of tariffs will be ultimately.
The administration made a clumsy move here when someone said we could get a completed trade deal with China last week. They need to stop getting investors’ hopes up and then letting them down in a big way. From now on, the administration shouldn’t say that a trade deal could happen or is likely in the near future. Just announce a completed deal when it happens. I think it’s still going to happen no later than early November at the very latest. We need strong economic growth into the election next year and a good trade deal is the best way to make that happen.
Get the widow on the set!
This will end up changes the supply change calculus for companies. Ultimately this is good for jobs because Manufacturers in the US and in NA as a hole will be able to compete because of the added costs of building things outside of the country. The higher the tariffs the more likely it is that a company will think that building in house makes more financial sense. Trump obviously gets this and the other politicians do not.
Many years ago I was a CPA auditing financial statements if many large manufacturers with Ernst & Ernst (now Ernst & Young).
Sears had a practice where they would keep placing orders with small to mid size manufacturers until their orders represented 50% to 60% of the manufacturers production. Then they would ace a large order, forcing the manufacturer to incur debt to expand and to hire more employees.
As soon as the manufacturer was locked in to the debt, Sears would go back and force the manufacturer to lower their prices or they would pull all future orders and/or cancel current orders.
The manufacturer was between a rock and a hard place. Often Sears forced the manufacturer into bankruptcy.
Trump realizes that he is using this methodology on China. It’s strategic as it is economic warfare and it works.
PDJT is not the past presidents:-)
China has a major pig disease problem right now that has a high mortality rate. It’s spreading like wildfire.
MSM is whipping up a frenzy over nothing.
Where’s the PPT? /sarc
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