Remember the crash of 2000 (I think), it looked horrible, but it eventually recovered and went way above it's high at the time.
Correction...........
I may be wrong about this, but wouldn’t the devaluation of a foreign currency cause a simple drop in the U.S. market value for any company that has assets in that foreign country listed on its books?
The Dow supports China more than the US ,just to blame it on Trump ,D’oh
It was 2008!
They’ve been manipulating their currency for years. Decades.
Trump needs to tie the tariff rate to the yuan. Let them decide how much pain they wish to endure.
China and in your face currency manipulation
almost everyone wishes it possible to avoid a real trade war. so far, not much has happened....
not a real trade war yet
devaluing one’s currency means you can buy less from other countries and you have to export more to just keep even or else it lowers your living standards
so, yes the communist Chinese can do this awhile...but it has as many adverse impacts on their own country as it does anyone else
not a good long-term solution for Beijing. they will be better off working out a fairer trading relationship with USA. i believe they are mostly quite smart and will soon realize this is the way for them to proceed
Trade wars are good and easy to win.
China wants their boy Biden for President!
It is correcting from its all time high, so it isn’t a big thing. Can’t really even call it a sale yet.
If anyone is worried about inflation, China has just volunteered to pay for the tariffs themselves rather than send it through to the US consumer. We should not expect inflation because of this.
This is a small blip. Considering where the dow is now at, I don’t think any change less than 5,000 is worth noting. Some days it goes up, others down. Media can make hay about it but this is normal.
Trump should tweet
buy made in USA and/or aviod made in china
The markets are going down because the Fed is sitting on its hands.
Screw the Chinese, the Free Traitors and Sellout Greedy Corporations that created this Commie monster. We are financing their military takeover of the world. If we had not sent all of our jobs overseas, people like that maniac shooter might be working and finding his self worth instead of hanging out with the Antifa types.
I remember 1987, I recken it's come back form there :)
China’s devaluation is longer term damage to the Chinese economy than the stock market swoon is to ours.