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04-03-2018, 10:02 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Peter Navarro says Trump’s trade policies are ‘good for the market,’ but economists aren’t buying it
https://www.cnbc.com/2018/04/03/pete...buying-it.html
Quote:
Navarro's economist colleagues don't see affirmation for his advice to Trump on, say, the interactions between tax cuts, tariffs, and trade deficits.
"99.999999% of economists agree," Furman said. "The rest are Peter Navarro."
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Or dumb as Whell, lol
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-04-2018, 10:08 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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As Wall Street sinks, Trump is his own worst enemy
Whell’s Dear Leader is about to destroy Obama’s 9-year bull market, too. What a moron.
https://finance.yahoo.com/news/wall-...--finance.html
Quote:
SAN FRANCISCO (Reuters) - As far as the stock market is concerned, U.S. President Donald Trump is, right now, his own worst enemy.
The president - who frequently touted Wall Street's rally following his 2016 election victory - was partly blamed for a sharp stock selloff on Monday that investors believe is likely to continue, deepening cracks in a nine-year-old bull run.
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__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-04-2018, 10:21 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,151
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Wait till the tax cuts kick in and mega the tax refunds start getting reinvested into the stock market. Wasn't that how it was supposed to work?
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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04-04-2018, 11:29 AM
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Senior Member
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Join Date: Jan 2012
Posts: 5,172
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Quote:
Originally Posted by Rajoo
Wait till the tax cuts kick in and mega the tax refunds start getting reinvested into the stock market. Wasn't that how it was supposed to work?
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Yeah, right.... 😏
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04-04-2018, 06:01 PM
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Jigsawed
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Join Date: May 2009
Posts: 10,557
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China needs to be confronted. The other politicians were just talk. It probably takes a seemingly erratic one to create a reset.
My impression is that the Trumpists want to slow China irrespective the cost.
I notice the significant military component of US moves. e.g. satellites.
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04-04-2018, 10:02 PM
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Ready
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Join Date: Oct 2013
Posts: 19,122
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Quote:
Originally Posted by Dondilion
China needs to be confronted. The other politicians were just talk. It probably takes a seemingly erratic one to create a reset.
My impression is that the Trumpists want to slow China irrespective the cost.
I notice the significant military component of US moves. e.g. satellites.
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You'll find this of interest, if you haven't already seen it. A bit too 'realpolitick' in it's outlook for me, but raises some interesting points. Your point above is that Trump is cannily guiding us through the 'Thucydides Trap,' but I fear he may be sailing right into it.
The Thucydides Trap: http://foreignpolicy.com/2017/06/09/...ucydides-trap/
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If you Love Liberty, you must Hate Trump!
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04-05-2018, 07:01 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,557
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Quote:
Originally Posted by donquixote99
You'll find this of interest, if you haven't already seen it. A bit too 'realpolitick' in it's outlook for me, but raises some interesting points. Your point above is that Trump is cannily guiding us through the 'Thucydides Trap,' but I fear he may be sailing right into it.
The Thucydides Trap: http://foreignpolicy.com/2017/06/09/...ucydides-trap/
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There is always the possibility of military conflict but I do not see it here, unless the Chinese really behave stupidly in attempting to block sea lanes.
I believe the Trumpists are frightened by what they observed:
After many years of "talk, talk" the Chinese have not really changed their behavior in regards to the coercion of Western businesses operating in China and the theft of intellectual property.
The Walmart Chinese connection.
The Chinese purchase of and investment in Western companies with strategic importance (recently Germany became alarmed).
The Chinese soft power is growing rapidly in Africa, South America and Australia.
The recent announced BELT ROAD INITIATIVE with its implication for the STAN countries like Pakistan.
And most importantly De-Dollarization. Gold backed Petro-Yuan--March 26, 2018. I believe this was a trigger in the Trumpists behavior.
De-Dollarization is an economic shot by the Chinese. They intend to knock off "King Dollar". However the Trumpists are not waiting for that to happen as they realize what significantly underpins the Chinese economic muscle is its massive favorable trade with the US.
The Trumpists are intent on a reset even if US hurts. They probable feel the US is more resilient than China.
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04-05-2018, 08:23 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Trump’s big mistake on trade
https://finance.yahoo.com/news/trump...183849840.html
Trump’s logic is faulty. “It’s economically ignorant,” says economist Donald Boudreaux of George Mason University. “We’re not giving foreigners anything. We’re buying things from them that we think are good deals. It’s a total myth to think the trade deficit is somehow a drain on our assets or a drain on aggregate demand from the US economy.”
Trade is complicated, and Trump’s real interest seems to be protecting jobs in industries where production has shifted to China and other countries during the last several decades. The idea behind tariffs is that taxing imports will make them more expensive, making domestically produced goods more affordable by comparison. So consumers will buy more domestic stuff, in theory, which should boost the number of jobs for workers who make that stuff.
Reality is messier, as we are in the midst of learning. In response to the tariffs Trump wants to levy on Chinese imports, China has said it will impose similar tariffs on US imports to China. So products are getting more expensive in both countries, which will lead millions of consumers and thousands of businesses to change what they buy. The potential upheaval has pushed stock prices down and triggered fears of escalating protectionism. “The China-US tariffs war is alarming,” David Kotok, chairman of financial firm Cumberland Investors, wrote to clients on April 4. “Trump’s trade policy is failing and harming the United States.”
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-05-2018, 07:02 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Trump proposes $100 billion more in new tariffs on China
https://www.reuters.com/article/us-u...-idUSKCN1HC1RW
Escalating again... Markets will tank again tomorrow. Where’s our resident Donny sycophant? Has he finally realized just how incredibly stupid he’s been, supporting every idiot move his Dear Leader makes? Doubtful...
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-05-2018, 07:22 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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Quote:
Originally Posted by Chicks
Trump proposes $100 billion more in new tariffs on China
https://www.reuters.com/article/us-u...-idUSKCN1HC1RW
Escalating again... Markets will tank again tomorrow. Where’s our resident Donny sycophant? Has he finally realized just how incredibly stupid he’s been, supporting every idiot move his Dear Leader makes? Doubtful...
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The Dotard is going to lose all of his support in the Midwest. Grassley, Ernst and others will want to impeach him quicker than Tom Steyer does.
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As long as the roots are not severed, all will be well in the garden.
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