Posted on 08/24/2015 8:39:38 AM PDT by Biggirl
As the American stock market opened to lows unseen since the 2008 economic meltdown, (as of this writing it is down only 373 points — a fairly typical down day), Republican presidential frontrunner Donald Trump took to Twitter to refresh his longstanding political message that the American economy allows “China and Asia to dictate the agenda”.
(Excerpt) Read more at breitbart.com ...
He has a point. Enough of excuses like “China” or “the weather.” We are vulnerable by our own fault, and THAT is the cause.
What I meant was respect, not physical stocks.
Very true, and Trump & Co. is poised to go higher still.
But I hope he makes it clear that what Obama’s part is in all this. The US economy is in shambles (although you’d never know it by the shameful news reporting by the alphabet channels).
Our economy could be strong and growing, but it isn’t. Tell the world why that is Donald!
The UniParty’s Fault™
So did I.
Don’t worry, everyone, it will be back in the black by closing since the Feds will dump billions in the market.
Too tied to the European Union as well.
From what I watched in the markets, the devaluation of Chinese currency started the freefall.
Today one “expert” on CNBC stated that ‘when the govt is out of tools’ QE4 is next.
I’ve already heard “Trump’s fault.”
Hedge fund managers cashing in according to Trump. Those with whom Hillary hung out with in Martha’s Vineyard over the weekend.
I don’t believe it. They will, instead raise interest?
There ws a time, many years ago, when Walmart bragged about how everything it sold was made in America. It wouldn't be easy, but that could happen again.
That's what Trump is saying....we need to be the product makers.
Jobs for America.
They won't/can't.
We complain about China's devaluation and then go ahead and strengthen our currency with a rate hike? Not going to happen. Also check out the bond yields right now, they are down good.
How are they “lows unseen since the 2008 economic meltdown” when the DOW never went below where it was in 2013?
Maybe that's the goal. To revert back to the way things were, and take down Western economies with it.
We can’t benefit from China buying our goods without facing the downside of them spending less on our goods when their economy is suffering.
There’s no overall benefit if we wall off free trade between our countries so they can never buy our stuff at all. But that would be the only way to insulate our economy from a downturn over there.
Granted, their artificial currency manipulation plays a role here more than pure market forces.
They said Japan would overtake us as the world economic power in the ‘80s too, but it never happened. China is not the powerhouse some have played it up to be either.
Like everyone...
Trump massively over simplifies this country’s and the worlds financial problems. The financial and economic policies in place are pure insanity, and their is no way out of a complete meltdown anymore. Some of these insane policies fraud, deceit, and they include massive debt and big bankers run amok in so many ways I won’t even try to list them. China is big one, but just the tip of the iceberg.
yep, this is our own Fed’s problem....once again, the obsession with China takes peoples’ eyes off the real ball...our own damned liberalism.
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