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If true there is something seriously wrong with the markets.
One individual can be arrested for nearly anything, at anytime.
Damned if you do, and damned if you don’t. China has made away with trillions of dollars in one-sided trade rules ever since the lefties persuaded Tricky Dick Nixon to make a first deal with them.
Trump tries to even things out, and naturally they don’t like that. But sooner or later it’s got to be done. We can’t keep paying the bills of every country in the world forever, especially since we have our own major deficits.
Wall Street is doing what Wall Street does, panicking.
No mention of Iran anywhere in that story.
SNORT.
Elite, and instutional, investors: “Trump is serious!!!!”
For over two years Trump’s been saying he was going to fix trade with China- and the big investors have ignored him.
Now they are taking losses on their bet that he wouldn’t follow through.
Oh please, let’s not be this stupid. One Chinese executive is assigned the market cratering...not any other MSM or Soros or Steyer or anti-Trump sell off? No, no, not that.
Tired of the lies.
This is very big. China is going to respond to this. This women and lots of chinese money is going to leave the US. And maybe it should. But lots of Chinese are going to be worried their money here will be confiscated. Last night, after this story, but while China was open and we weren’t, the S&P futures lost 35 points when nobody was trading. The CME (our overnight futures exchange) had to stop trading several times. 35 S&P points is like the Dow crashing 350 points. This morning we crashed another 300 Dow and 30 S&P.
So keep watching. This means war. China millionaires may choose somewhere other than the US and Canada. Which could be ok. But it will also move the markets a lot. And China could start to arrest our business guys over there. That could dissuade them from doing business in China. Trust me this is big.
One other thing. China is not too happy with money flowing to the US. So its possible that China is happy that the US moved against this women. They want their companies to do business ere. But they do not want their people to escape China to move here with their money. So, China could feed into this. Fear of the US within China is a good thing for them.
My stock went down and now back up later in the day.
Hope that Trump does not tweet.
I’ve been a RIA for 26 yrs. The actions of the market today had squat to do with this...