[SaxxonWoods]

Good article from an inside China perspective.

[Rennes Templar]

Past Presidents were absolutely clueless re international trade.

Or, they were letting China rip us off.

[dangus]

What people don’t realize is that the surge in the trade deficit from China was chiefly from American wholesalers stocking up on Chinese products and parts.

To a much smaller, but still significant extent, the Chinese were refusing to buy from America.

The whole angst over soybeans was ridiculous; if the Chinese buy Brazilian soybeans instead of American soybeans, Brazil’s former customers will buy American soybeans. You can’t successfully boycott a commodity; that’s why America blocks EVERYONE else from trading with Iran.

[advance_copy]

Globalism is over.

[ChinaGotTheGoodsOnClinton]

There is not 100% agreement that these Bloomberg articles are totally accurate, however; the so-called ‘supply chain vulnerability’ is a real threat. Does anyone else think all silicon coming from China should be hit with a 50% tariff IMMEDIATELY to stimulate production elsewhere?

https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies

https://www.bloomberg.com/news/articles/2018-10-09/new-evidence-of-hacked-supermicro-hardware-found-in-u-s-telecom

[ConservativeMind]

The author’s Hapkido friend will now wind up dead.

[Steamburg]

And China landed on the back side of the moon where they set up a colony. Please!

[MeneMeneTekelUpharsin]

Most Latin Americans can’take swim either.

[Chad_the_Impaler]

"I have been visiting or living in China for over 25 years. And based on that extensive knowledge..."

Just because someone has lived for a long time in a country doesn't mean that have extensive knowledge about its economy. I know people who have lived 75 years in the US, and they don't have a clue how the economy works.

[gaijin]

great post.

[FLT-bird]

They have an absolutely massive real estate/debt bubble. It WILL burst sooner or later. They always do. Think ghost cities. Research just what % of apartments in China sit empty. If you think our level of debt is bad, China’s is 2.5 times what ours is. When it bursts, it is going to be extremely painful for them.

[AdmSmith]

This might indicate something: The graph below shows an index of Chinese Internet searches for the word “layoff.” Notice where it is now compared to 2008 and other recent economic slowdowns.

source:
https://www.mauldineconomics.com/frontlinethoughts/bull-in-the-china-shop

[vannrox]

I read the article. I hold different opinions. Some quick notes...

[1] WOFE have been around for some time. I set my first up in 2011. The recent changes made to the program are slight.

[2] CNY is as it always has been. Most factories close down for a whole month. There is nothing new in this.

[3] Tariffs are "hurting" China. Really? Maybe so, but none of my factories are slowing down, and the orders are still coming forth. So, while this might be accurate from the point of view of the author, it is not what I am seeing.

That being said. Trump is proceeding just as he must, and in the end the USA will end up with a great trade deal.

The one thing that I must caution EVERYONE is this; It's fun to pick and make fun of others. It's great to show evidence of this or that. But the end game is always the proof in the pudding.

[1] Will America be able to trade with advantage?
[2] Will China be a friend of a foe?

I argue that in both cases that the result will be in the favor of a Trump-led USA. Go MAGA!

I also argue that you will not see this by trying to look for proof. It will be sitting at you and staring you in the face. You don't need a "blue ribbon" committee to prove that our taxes are too high. You can see this when you open your wallet to buy a Whopper meal with cheese.

Here are my impressions of China taken two weeks ago. Obviously, mine differ substantially from this article.