Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Art Laffer: Deal with China Could Boost Dow 10,000 Points
Breitbart ^ | 09/05/2019 | Trent Baker

Posted on 09/05/2019 1:37:02 PM PDT by ChicagoConservative27

Economist Arthur Laffer weighed in on the trade talks between the United States and China, touting what a deal between the two could do for the market.

Laffer agreed with President Donald Trump’s assertion that such a deal could boost the Dow Jones Industrial Average 10,000 points.

“I think he’s right about 10,000 on the Dow,” Laffer told Fox Business Network “Mornings” host Maria Bartiromo on Thursday. “I mean, that’s a pull out of a hat, but frankly, it’s a huge thing for that because it starts having a dynamic consequence with the rest of the world — Japan, South Korea, Europe, everywhere in the world will start doing deals.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: art; arthurlaffer; artlaffer; bubble; china; dow; laffer; laffercurve; punkmonetarist; stockmarket
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-72 next last

1 posted on 09/05/2019 1:37:02 PM PDT by ChicagoConservative27
[ Post Reply | Private Reply | View Replies]

To: ChicagoConservative27

I agree, Trust Trump’s Plan.


2 posted on 09/05/2019 1:37:46 PM PDT by mplc51
[ Post Reply | Private Reply | To 1 | View Replies]

To: mplc51

To Art!!


3 posted on 09/05/2019 1:38:43 PM PDT by Recon Dad (Force Recon Dad)
[ Post Reply | Private Reply | To 2 | View Replies]

To: ChicagoConservative27

Yep, patience is a virtue, China will come back on their hands and knees and the deal will be one we can accept.


4 posted on 09/05/2019 1:39:34 PM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Shows how silly the stock market really is. How can a deal over such a small amount of money boost the stock market 10,000 points. MAKES NO SENSE.


5 posted on 09/05/2019 1:40:41 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

The stock market has lost all connection to reality.


6 posted on 09/05/2019 1:44:48 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mplc51

I think people are not quite so sure what China is or maybe some forgot.

This remind me of those who thought the revolutionary or civil wars would be over within months.

I think we will win, but I think another Freeper was VERY correct when he said they will play games until the next election.

Why?

Because it’s the SMART thing for China to do.

Even if it is evil.


7 posted on 09/05/2019 1:46:47 PM PDT by dp0622 (Bad, bad company Till the day I die.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: central_va

A thing is worth what someone will pay for it. The most basic principle in economics. The stock market IS reality at any given time.


8 posted on 09/05/2019 1:51:46 PM PDT by bigbob (Trust Trump. Trust the Plan.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: ChicagoConservative27

I wouldn’t trust the Chinese government. Two anti-Trump Dems just visited them. There might well be a plan in place to pull the rug out from under Trump timed to the 2020 election cycle. Dems are so into TDS that they would be more than willing to trash the markets in order to assure Trump fails to be reelected.

The Chinese were probably promised a chance to fall back to the pre-Trump status quo. From outside the U.S., Trump could easily be seen as an aberration to be tolerated and dealt with in order to garner favor with the Democrat party.


9 posted on 09/05/2019 1:52:06 PM PDT by the_Watchman
[ Post Reply | Private Reply | To 1 | View Replies]

To: central_va
Stock market is very reactionary. The reason is very simple.
Speculators look for what might change the stocks if the slightest reaction takes place they jump on it creating the stock to change.

Over all stocks climb in time that is the important part to understand. Speculators react to small changes. i like Arthur Laffer though I the permanent change in the stock market will be far less then 10K. He might be right it could climb for a short time much higher.

10 posted on 09/05/2019 1:55:55 PM PDT by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
[ Post Reply | Private Reply | To 5 | View Replies]

To: central_va

Velocity of money?


11 posted on 09/05/2019 1:56:35 PM PDT by thinden
[ Post Reply | Private Reply | To 5 | View Replies]

To: central_va

It’s so overpriced, over-valued and over-inflated, the crash back to reality is going to be more than an eye-opener.


12 posted on 09/05/2019 1:57:59 PM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: central_va
Shows how silly the stock market really is. How can a deal over such a small amount of money boost the stock market 10,000 points. MAKES NO SENSE.

Agreed. That kind of thing would end up making me nervous.

13 posted on 09/05/2019 1:58:00 PM PDT by Mr Ramsbotham ("God is a spirit, and man His means of walking on the earth.")
[ Post Reply | Private Reply | To 5 | View Replies]

To: ChicagoConservative27

I haven’t the tiniest doubt we’ll get a DEAL with China.

Will we prove able to make it STICK..?

Wow, that’s a doozy, a much, MUCH higher challenge.

China is the Yoda Jedi of lying their a$$es off.

High hopes, low expectations.

If Trump can’t do it..? NO Prez can.


14 posted on 09/05/2019 2:03:08 PM PDT by gaijin
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

It will most likely boost Dow 10,000 points, but will do nothing for the American economy.

Never forget we are in a trade WAR with China. Have you ever seen 2 winners in any war since recorded history? China can not afford to make ANY deal which balances the trade. Because it will cause massive unemployment in Chinese manufacturing, and chairman Xi will run out to Taiwan by rioting manufacturing workers.

Here is what is going to happen....write it down...
China will keep on doing lots of negotiating and drag it out past Nov 2020. Their best hope is Biden wins in 2020.


15 posted on 09/05/2019 2:04:35 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 1Old Pro
China is run by gangsters, but being well-educated Communist gangsters, they know how to recognize a potential pre-revolutionary crisis when it is staring directly in their Commie faces. A combination of political and economic issues has brought down many regimes, and Comrade Xi and his allies do not want theirs to find a place on that list.

Thus, in the last few days, China has taken a less confrontational tone toward both the civil protests in Hong Kong and the economic confrontation with the US. It is hard though to detect a fundamental change in Chinese policy. Overall, I expect the squeeze on the dissidents in Hong Kong to continue, with US-Chinese trade talks unlikely to yield anything more than a limited agreement.

16 posted on 09/05/2019 2:06:40 PM PDT by Rockingham
[ Post Reply | Private Reply | To 4 | View Replies]

To: gaijin

I am willing to bet half of my social security check that China is in no position to make any deal which balances the trade. It is meta-physically impossible. President Xi will be run out of town if millions of Chinese manufacturing workers become unemployed.

China will do lots of negotiating and drag it past Nov 2020. The best hope they have is to deal with president mr/mrs Democrat after Nov 2020.


17 posted on 09/05/2019 2:08:28 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: central_va

“...Shows how silly the stock market really is. How can a deal over such a small amount of money boost the stock market 10,000 points. MAKES NO SENSE.....”

I’ve been following it for a long, long time, and for the most part, it never has made any “sense”. IMHO, it’s primarily driven by greed & fear. Just the perceptions thereof is enough to cause a “stampede” for the “entrances” or the “exits”. Yes, there are investors that follow in-depth company analysis etc. and attempt to invest in the growth of solid companies for the long-term. But the day-to-day market: it’s all fear & greed...no reality, no common sense....at least none that I ever found.


18 posted on 09/05/2019 2:13:07 PM PDT by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: entropy12
Here is what is going to happen....write it down...

China will keep on doing lots of negotiating and drag it out past Nov 2020. Their best hope is Biden wins in 2020.

Yup..!

19 posted on 09/05/2019 2:15:32 PM PDT by gaijin
[ Post Reply | Private Reply | To 15 | View Replies]

To: 1Old Pro
Yep, patience is a virtue, China will come back on their hands and knees and the deal will be one we can accept.

Partner, we should not accept anything less than what you have mentioned.

The Chicoms have already mentioned that they want to be superior to the U.S. in manufacturing and exporting.

The Chicoms obviously have no scruples whatsoever. They have stolen all the intellectual property in the amount of $300 Billion plus a year. Did we mention that they also like to cheat and copy our data from our dwgs. and specifications.

The Chicoms stole all the ASME books and language, which gives all the rules and regulations of how to build engineering items of a plant or even Reactor technology. Enough is enough with these Chicoms.

President Trump is correct on why we gave this technology free and yet the Chicoms copy this technology. President Trump was not our president the past 28 years.

20 posted on 09/05/2019 2:28:17 PM PDT by TheConservativeTejano (God Bless Texas...)
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-72 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson