Posted on 08/19/2019 10:40:11 AM PDT by SeekAndFind
It appears we may be entering a “post globalism” era.
I don’t consider that to be a bad thing. Markets are basically just a form of gambling compared to what they once were.
Any pompous pinhead who attempts to give DJT advice or criticism regarding business or the economy is not worth further consideration.
It’s nice to start with 20$ million, but it’s something else altogether to turn that into 9$ billion.
I don’t pretend to understand it all, but neither do I think Lance Roberts, whoever he is - or thinks he is - has all the answers...
BS article. Recession will be here and it has nothing hardly anything to do with tariffs. It has everything to do with economic cycles caused by human nature. We overspend during era of prosperity and are forced to retrench when we have bought everything and just plain run out of money to buy more.
If there is tariff on a pair of headphones from China, and the price goes up by 10% to 25% for example, we will buy them from Vietnam or S Korea. Basic manufacturing materials such as steel if become 25% more expensive for Chinese import, it makes local manufacturing competitive again, which creates more jobs here and the money circulation grows accordingly.
Maybe read later.
Don’t usually pay much attention to anyone who begins an explanation or argument with “to wit”.
Lance Roberts? Same guy with the radio show? What is he selling?
I’ll put my trust in DJT on this issue. He actually is the most experienced and qualified person to conduct trade negotiations. I think the Chinese are being stubborn and delaying the inevitable. Trump is no fool, he deals from a position of strength and the Chinese have never been challenged before. They’re use to getting their own way and not being called out for breaking trade agreements. They’re use to running rough shot over everyone. Trump is doing well and is slowly getting what we want.
This is about as pro China article as you can get.
China is *not* in a commanding position.
If they were, there would not be any protests in Hong Kong. They would already have been put down.
This phrase is repeated through out this entire screed.
I, I, I know..., Trump is a stupid loser, he has lost the trade war, but only I know it, Trump is too stupid to realize that China is winning.
What an ego maniacal prick.
So China won?
All our base are belong to China?
We should welcome our new imperial overlords?
Don’t. Think. So.
“With Trump’s own economy working against him, China doesn’t have to do much, but wait.”
There is the fundamental error of his analysis.
Time is not on China’s side, for the significant tariffs already in place, or the flight of business and capital out of China. Some actions are still in the works (WTO and International Postal Union) that are likely to hit them in the next few months as well.
The communists would be lucky to squeak through the election without an economic crisis of some sort (Currency, Stock Markets, Housing, Recession, Debt Crisis, etc.). If President Trump is re-elected, he could pull the lever on their economy at will.
In fact, President Trump could likely pull the lever to send communist China into crisis shortly before or after the election, even if not re-elected.
The communists are at much greater risk, and are paying much greater costs.
President Trump can afford to wait, and fine tune things to suit our economy and his re-election, because he controls the levers, and calls the tune.
Glad I skipped ahead to the end.
PDJT is definitely on the right path to try to get a fairer trading relationship with Communist China (if we are to continue trading with them, that is... watch what they do against Hong Kong first...)
Will our globalists and US corporate paymasters snatch defeat from the jaws of victory? It the Chinese continue to steal our intellectual property, force technology transfers, manipulate their currency, and dump Chinese government subsidized products, the US will decline as a world power and our workers will see lower wages and fewer job opportunities. The US welfare state will continue to grow and the dollar will cease being the world's currency. This is a war for our survival.
Lots of arm chair quarterbacking in that article.
And Trump hasn’t tied his success to the markets.
Trump has pointed to the markets as an indicator of his success, but it’s far from the only one. He’s also pointed to unemployment, manufacturing, the reduction of regulations, and many others.
Some of the new tariffs (about $1.33 Billion per month), have been delayed until December - but the rest (about $1 billion per month) go into effect in two weeks.
More businesses will be/are fleeing China.
In the mean time, China continues to bleed from the previous tariffs, which continue in place - their total bill is ramping up toward $10 billion per month.
If that is us losing, it pays pretty good.
Trump is supporting Main Street over Wall Street. It is economic nationalism versus globalism. Trump is placing the interests of American workers over the cheap labor express and the moving of our manufacturing out of the country. The US became the world’s most powerful economy during times of high tariffs to protect our manufacturing base. We don’t have fair and reciprocal trade now.
And now the Left is saying, “That’s OUR Wall Street, now”.
The author omits the pain China has endured (their economy has slowed to a crawl) and the potential the trade war can lead to a change in power there. All the risks and potential disadvantages are not on the U.S. side. The tone of this article is Trump-bashing and not financial analysis.
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