The Stock Market Is Sending a Message to Trump: This Is the Wrong Kind of Tech War

PJ Media ^ | 05/30/2019 | Spengler (David Goldman )

[veracious]

Bull: Wall Street and the other globalists are the enemies of We-The-People and what is left of USA. If Wall Street _is_ USA we are already dead.

USA is about private enterprise not corporate, capitalism and banks.

[Steve Van Doorn]

Dowjones industrial average is based these companies. Don't buy these companies if you want to keep your money. While the market has shrunk we've done ok. Example Caterpillar Inc isn't building their tractors in the US anymore (very little) and it's stock is doping. Why invest in it?

Even Japanese Tractors are built here. not saying to invest in them but really why invest in caterpillar? https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average#Components

[Buckeye McFrog]

And Trump has a message for the Stock Market.

The days of your being the tail that wags
the American dog are OVER!

[Buckeye McFrog]

The market is brainless.

And yet a market economy is better than all possible alternatives. Just let THAT sink in for a moment.

[Dr. Sivana]

The author should learn to consistently spell "market" correctly (hint: NOT "markit") before lecturing President Trump on trade.

[alancarp]

A significant part of the tone I get from that PJM post are these sentiments:
- ‘1. The Chinese are using tech to steal secrets’
- ‘2. We might lose our lead in intelligence gathering’
- ‘3. We shouldn’t care about #1 or #2’

Memo to PJM: yes, we should care. A lot.

[alancarp]

Um... sorry, but the author is correct there. See this link.

[Grampa Dave]

Economist Gary Shilling: US to ‘Be Better Off’ as Trump Wins Trade War

“When you’ve got plenty of supply in the world, and I think you do. It’s the buyer that has the upper hand not the seller. The buyer has the ultimate power and who’s the buyer? U.S. is the buyer, China is the seller,” he told BI according to Hellenic Shipping News.

“If we weren’t buying all those consumer goods from China…where would China sell them? They have no other place to sell them, and in the meanwhile, China’s growth is slowing,” said the president of economic consulting and forecasting firm A. Gary Shilling & Co.

Shilling, also a Newsmax Finance Insider, urged Trump to continuing challenging China’s “underhanded” trade practices. “They [China] basically have not fulfilled their promises, they have not opened up their technology, they’re not opening up to our investments, they steal our technology, they demand tech transfers for companies that want to operate in China and so on,” he said.

Shilling predicts Trump will eventually win long-overdue concessions from China.

http://freerepublic.com/focus/f-news/3753261/posts

[Alberta's Child]

Dude ... Markit is the name of the research company that publishes that manufacturing index. LOL.

[Dr. Sivana]

Thanks. Unfortunately, it ruined what would have been a good joke at my expense.

[arthurus]

Hey Dave! Don’t second guess the Donald. You should have learned that by now.

[Georgia Girl 2]

This idiot doesn’t seem to understand everything China invented they stole from us. China never had an original tech thought ever.

[arthurus]

Relying on Chinese hardware is giving the Chines a broad avenue to all information that their hardware touches. Their back doors in every device is why the military and the airlines and some industries have been ripping out and replacing all the Chinese components they have put into their systems over the last decade. Chinese components are cheap to purchase but extremely expensive to use. A Chinese chip on your/my motherboard is likely sending every bit of data on the computer back to the Middle Kingdom.

[Scott from the Left Coast]

“No-one ever won a war by trying to stop someone else from doing something.”

Well, this guy certainly has no understanding of history whatsoever. Ever heard of Barbarossa and the defense of “Mother Russia” in WW2? How about the Napoleonic Wars? Gettysburg?

[Grimmy]

All their R&D and manufacturing is subsidized by the state.

**********************************

Their R&D has been “subsidized” by mandatory tech transfers by any company (including our military industry giants) doing business in China as per the old trade agreement, and whatever got sold to them by our corruptocrats, and they stole from our research colleges and universities with their foreign students and visiting researchers, and whatever else they could steal.

[SeekAndFind]

RE: The author should learn to consistently spell “market” correctly (hint: NOT “markit”) before lecturing President Trump on trade.

That *IS* the correct spelling. MARKIT is a global financial information and services company with over 4,000 employees which merged with IHS to form the company IHS MARKIT.

The above index : MARKIT PURCHASING MANAGER’s INDEX is one of their Index products.

See here: https://en.wikipedia.org/wiki/Markit#Index_products

[Dr. Sivana]

That *IS* the correct spelling. MARKIT is a global financial information and services company with over 4,000 employees which merged with IHS to form the company IHS MARKIT.

Thanks. Unfortunately, it ruined what would have been a good joke at my expense.

[Zhang Fei]

[No-one ever won a war by trying to stop someone else from doing something.]

---

Weirdly enough, that’s exactly how wars are won. Spengler really flubbed this column.

[No.6]

The market isn’t brainless.

Part of it is automated by machine learning and is both brilliant and dumb as a rock; ML is limited both by lack of foresight and by the intrinsic bias of its users (who in this case are risk-averse)

A big chunk is run by globalist finance managers who are very eager to trash the Trump economy. These two groups cause the drops the writer is panicked about.

Increasingly us regular people provide a true invisible hand as we invest through 401k and other means; and we trend towards things out of the hands of these globalist money managers.

Smalll wonder articles now run bemoaning the rise of low-load index funds.

[GOPJ]

Their back doors in every device is why the military and the airlines and some industries have been ripping out and replacing all the Chinese components they have put into their systems over the last decade. Chinese components are cheap to purchase but extremely expensive to use. A Chinese chip on your/my motherboard is likely sending every bit of data on the computer back to the Middle Kingdom.

You're right - but on the lighter brighter side our 'intelligence' boys spend billions - our CIA and FBI boys - trying to find out that some pervert five degrees away from Putin is into child sex and can be compromised. Oh and that Trump once paid off some porno slut to stop her from telling his wife - you know - blackmail...

So the destruction of our country's not that bad... the 'intelligence' boys who are suppose to protect us are playing cowboys and Indians with a country that has a smaller GDP than Italy.

Do you find it scary as hell that YOU arthurus know more about REAL threats to our country than our corrupt overpaid 'intelligence' thugs?

Here's what we should do - assume our enemies will do everything they can to harm us - then spend our money making every vulnerability tougher so they can't hurt us. Manufacture our own computer equipment. Keep industries that could be converted to war manufacturing if necessary... find out where a war would cripple us and do the work NOW to avert future shutdowns...and disasters. Plan for the worst - hope for the best.