Posted on 05/14/2019 5:05:44 AM PDT by Hojczyk
All I can say is you better strap yourself in because, the next six months I expect to see tariffs on the other $300 billion we import from China because it's become clear that President Trump has decided that the U.S. simply shouldn't do business with China and if you do you are going to have to pay the price.
There's also threats that they will cut off our liquefied natural gas exports to them.
Now, here's what's pretty ironic about this list. The vast preponderance of these goods are made by farmers. The farmers, the president said, are going to get checks for the best year they ever had with China. Those goods will go elsewhere anyway so the farmers get a real payday. Could be a big win for them. Of course. They always seem to win. Jeffersonian instincts? No, more about primaries and two senators per all states, especially farm states.
A couple of these are funny: DVRs, cameras and gloves? Our manufacturing base for all of those were wiped out years ago, with the Chinese being instrumental in the destruction of the glove industry.
Liquefied natural gas? That's like Boeing planes: get in line. There is multiple year demand for our natural gas. We spoke with both Charif Souki, the founder of our export industry, and Tom Farrell, from Dominion Energy (D) -- strong stock there -- which exports natural gas and both have told us there is simply nothing to be had for years and years and years. So that's a real non-starter.
So where does it put us? I think that the president's view, the one says "there will be nobody left in China to do business with. Very bad for China, very good for the USA," scares investors who are panicking ou
(Excerpt) Read more at realmoney.thestreet.com ...
Exactly - what kind of fool can’t see what’s coming if we let the present situation continue?
““We are about to learn
just how many Americans
love their portfolio
more than their country.””
I agree. However, seeing what happened in 2008, wouldn’t it make sense to move everything into a cash position and wait it out. For some, going from a 1/2 million portfolio to under 100k isn’t a good option, especially when you are 60 years old.
Thoughts?
Wow I had a Trump like friend who so predicted this years ago.He is with God now but I so remember his words and they are coming true.
It’s Kramer.
Kramer needs not be heard
I'm going to stick with Trump on this. I also think things re: China are long overdue for a correction
At least portfolios are generated with an individual's private capital. I'd like to see how many Americans love their country more than Medicare and Farm welfare.
What does the portfolio look like after Trump brings China to heal and forces them to negotiate fair trade deals? Did anyone not realize that this was part of the plan? Of course the Chinese were going to dig in their heels before being forced to capitulate. I only wish I had cash to buy more when this bottoms out. I had no problem watching the market yesterday. I’m glad to see it happening now rather than this time next year. In Trump, I trust.
To all of you who have lost your memories.....
During the campaign, Donald Trump would say CHINA, CHINA, CHINA, CHINA, CHINA.
He would talk about our bad trade deals with other countries, but “CHINA” .... was really the worst. (I should say “CH-ina”).
Hey China... we don’t need your poison pet food, or Dollar Store CRAP!
You need us more than we need you. In fact.... we don’t NEED you at all.
This guy reminds me of a WWF wrestling announcer.
Does anyone here follow him?
i stopped watching/ listening when he broke down crying over Elliot Spitzer and the hooker. BOO-YA!
In the construction videos on utube I watch I don’t recall ever having seen a Caterpillar piece of equipment. All I have seen are chinee copies.
If they say they sell products there I guess they do but I seldom see them.
I’ve been writing of that hypocrisy for years. Great point.
MIGHT even be less expensive.
China already tariffs our products heavily. We tariff $250 billion of their stuff that has little to no tariff and they go and tariff $60 billion of our stuff even heavier.
It’s a ridiculous fight they cannot win.
I think Trump is trying to break the economic back of the communists in China, and that’s the focus. The younger Chinese do not want communism or war, and Trump know this and is using it to destroy communism.
My thought is that there are Chicaps that want their businesses to thrive on a global scale. They will not be happy with Xi
Xi and Iran are hoping to outlast the Trump scourge.
To continue, Trump must destroy the Democrats
What we’ll see is a lot of companies moving out of China. Other southeast Asian countries suddenly become much more attractive.
I thought the point of MAGA was to bring companies and knobs back to the US, not to “other southern Asian countries”
The farmers always win?
Where has Jim Cramer been for the past 10 or 15 years?
China is sitting on a gigantic financial time bomb of having to deal with the effects of some of the world’s worst air and water pollution problems. The cost of having to care for a large fraction of 20% of humanity suffering from pollution health effects will end up bankrupting the country.
We just had a near financial apocalypse in 2009.
What we learned is there are businesses out there built to withstand the worst economic environments. Wal-Mart did fine. Natural gas companies did fine. Health care company stocks did fine.
We can look back just a decade to see what thrived and survived and there’s only 10 years difference. It’s not like we have to go back 30 years where the fundamentals of these companies or the demographics radically shifted.
What is different today is that we stopped handing the US market to people who want to harm us.
Most of the software industry is now, really, Indian run companies based here in the US. They are starting to perform like Indian run companies (very bad at meeting customer demand, not very creative, but technically proficient). Microsoft and Google are now Indian companies, for the most part, and are managed that way. They are on the decline. It’ll take some time, but not as much as people think.
Microsoft has stopped innovating - full stop.
The opportunity, really, is a post-Chinese world. The Chinese were running a global kleptocracy, and the cucks who were getting paid off by them (nearly the entire US Congress) stood by and tut-tutted while we were getting gang-raped.
We now are one of the world’s biggest energy exporters. This means our military dollars used to keep shipping lands open can actually directly benefit our economy instead of the ones in the ME.
And screw Europe. They are having an existential crisis and unless they can get the welfare state back in hand they’re toast. France is the best evidence presently.
The automakers better figure out how to do more with less. The cost of a new car is so far beyond the realm of possible that they will have to figure out how to get it done for a sticker price 1/2 what it is today, if not lower.
Housing is going to crater. Housing is levitating. Nothing is holding up the lovely assistant any more. Also, home ownership no longer pencils out as the great long term investment it once was. Quality is down, not up. Roofing especially, and roof replacement is an equity killer.
We’ll see what 5G does. Guarantee 5G won’t be Chinese though, except maybe in Europe, and if they go that way they will be on an economic island.
I saw a great quote from on this forum from Ho Chi Mihn yesterday: “I’d rather smell French sh!t for five years, than Chinese sh!t for a thousand.”
Which comes back to privacy. The penduluum, as it is wont to do, swings back. There will be an industry for convenient security. The near universal distrust of all institutions is another opportunity the market will address. (Bitcoin was the first manifestation of that).
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