Posted on 08/05/2019 11:47:14 AM PDT by Innovative
I remember 1987, I recken it's come back form there :)
It will be Dow 30K by Jan 2020.
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And you are basing this on what?
Come on, really? That's one heck of a stretch.
China’s devaluation is longer term damage to the Chinese economy than the stock market swoon is to ours.
I would rather pay more for American made stuff. The cheap Chinese crap falls apart quickly, and you wind up paying more in the end anyway.
They are counting on handling their pain better than us. They know what effect the Dow has on American psyche. And China is only a generation removed from being a third world economy so they are counting on their people dealing with the burden. USSR felt the same way, that they could handle an arms race because their people were used to hardship. Mistake. But I think China might succed where the USSR failed and force Trump to cave.
Cue Gloria Gaynor.
Remember the crash of 2000 (I think), it looked horrible...
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The Dot Com Bubble started in 2000 and was a huge drop over a couple of years. The NASDAQ got slaughtered.
The comparison is with imperial Japan, not USSR. IJ also developed rapidly in the early 1900s and, similar to China, invested its capital in geographic expansion to secure access to resources and markets beyond its borders.
The Chinese, like the Japanese before them, don’t know how to handle economic success and cannot tolerate economic failure.
true but we must look at what the beginning of what this war was all about and where we are today. did we really think that we could get China to clean up their 30+ year act with so little effort. They are going to continue to fight like a cornered rat, eventually doing some really nasty thing. I would not be surprised if they did not contract with Hillary to have DJT assassinated. ( if she does it then no one will investigate.) Anyway, China has a lot more to loose than we do, especially in the short run.
Keep in mind that the Democrats, liberals, Press, academia, have always supported China and have a lot of cash to lose in this war.
Good comments.
As an aside, its interesting to me that Xi’s plate of problems seems to be growing bigger by the day with the increasingly strident protests in Hong Kong, issues with Taiwan, and a slowing Chinese economy. He may be president for life but accumulating problems are weakening his authority. I can’t help but wonder if Trump is pushing him while he’s beset with problems. It might not be possible if Xi was holding a stronger hand.
“It will be Dow 30K by Jan 2020.
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And you are basing this on what? “
The market goes up and down in the short term, but in the long run, over the years it tends to go up.
No guarantee about exact dates, but the long term trend is up, as long as we will not be overtaken by communists, who would crash it permanently.
so China does manipulate the Stock market
Today’s plunge just creates buying opportunities.//
Actually, I did some buying (of high quality companies) a couple of hours ago. I also did some heavy buying during the sharp December drop.
Fake analysis. Market had been at or near all time highs. People took profits
... the stock market reacts with a $1T sell off. This makes sense, in the insane asylum.
Sounds reasonable to me. The decline in value of their currency means their investments are of lesser value.
Taiwan is another matter. While not diplomatically recognized, internationally it is seen as self-governing. So the Chinese will either have to have the capacity to end it quickly, or be sufficiently desperate, to do anything other than rattle sabers. It is possible that if another KMT administration is elected, it will try to establish a framework for uniting soon, but I think resistance domestically will still be too great. In other words, in my view this will take a while.
Based on many conversations with Chinese acquaintances and years of reading Chinese-language media written by people who are not PRC citizens themselves, I think the people of the mainland consider that Hong Kong and Taiwan are simply part of China, full stop, and the CCP has the right to use as much force as necessary.
The goofball said he spent 8 hours a day on the computer. What would have been better? A real job or watching porn and messaging back and forth to whack jobs? I know its a stretch but we need more low-level jobs for people like this.
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