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China signals opening for trade talks with US

RetiredAtLast said:
Of course it is. Not an arithmetic correlation, but a financial one.

It doesn't have to be "direct." Your local car dealer might sell more cars if someone opened a new business employing people. There's no "direct" connection, but the two conditions affect each other. As for increasing income revenue, do you favor raising taxes on existing workers, or adding workers paying the same rates as existing workers? (NOTE: 500,000 people joined the work force last month, and 177,000 people got new jobs.)

First, I am not a "dude." Second, you clearly have no idea whats going on. You see increased tariffs and seem to think that's the object of the activity. Try considering the wider field of international trade, balances, our debt, the national economy, the government benefits you're used to. It's your style of tiny thinking that's put us at such a precarious position.

You don't know, do you?

Sadly, you think of it in those terms.
A few weeks ago, you guys were all predicting doom and horrible gloom because the stock market took a crap. Today the Dow is just 2% lower than a month ago, 5,000 points higher than early April. Maybe something is going right in spite of you,
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The market is lower you say?

Lol

Yeah, great news!
 
noonereal said:
Biden gave us the greatest economy the world has ever know.
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Yeah. With crippling inflation and a debt of $36 trillion with payments on it of $1 trillion a year. Just great!
 
noonereal said:
The market is lower you say?

Lol

Yeah, great news!
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900 points lower than a month ago. 5,000 points higher than 3 weeks ago. The collapse you hoped for didn't happen.
 
RetiredAtLast said:
Yeah. With crippling inflation and a debt of $36 trillion with payments on it of $1 trillion a year. Just great!
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Biden did not give us the inflation and it was hardly crippling.
 
RetiredAtLast said:
900 points lower than a month ago. 5,000 points higher than 3 weeks ago. The collapse you hoped for didn't happen.
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Lol

And how was the market under Biden?

Any 3,000 point drops in a single day?
 
BirdinHand said:
You don’t want the markets crashing because of the actions of your president.
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That's to be preferred, of course, but it happens. The important question is if it recovers quickly, which it certainly has, and apparently because he was right in the first place.
(Side note: I'd be very interested to see the Odd Lot sales during the drop because I suspect a lot of amateurs in the markets were the sellers.)
 
dmpi said:
America is pretend 'hurting' while China is really hurting. Anybody in the know can see this.
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How do you "see this"? Seems to me China is much better positioned than we are.

dmpi said:
America has all the leverage because the trade is so one sided.
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We depend on China for goods. We can't make them here for anywhere near what they can. I think you have it backwards.

dmpi said:
Trump will end up on top but it's in everybody's interest to let all sides save face because this will drive a quicker resolution.
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Trump is not teh greta deal maker he has convinced you that he is. He has blinked, delayed, reversed, and carved out specials deals wheel China has remained steadfast.
Recall that the "terrible" deals we had with Mexico and Canada were HIS doing. Donald is an economic moron.
 
RetiredAtLast said:
Do you really want to keep having a $300 billion trade deficit with China?
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Trade deficits are a normal part of trade. We buy more from them than they buy from us. That's all it means.

RetiredAtLast said:
That's $300 billion of our money supporting their military, buying their weapons to use against Taiwan - or us!
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Wrong. See above.
 

"China signals opening for trade talks with US"​


I suspect China, along with almost every other country in the world, has been "open" to trade talks with the US all along.
Why? We are a big market and we have money.
Did Trump approach them with trade efforts before he went off on his trade war with the world?
Last time he was in office he did this same stupid shit. It's much worse this time.
We lost last time.
We will lose again this time.
Trump is apparently wholly ignorant of how trade works.
He thinks trade deficits represent "losing money".
Donald has railed on about this for many years. He has been wrong all along, and still is.
 
RetiredAtLast said:
That's to be preferred, of course, but it happens. The important question is if it recovers quickly, which it certainly has, and apparently because he was right in the first place.
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😂😂😂😂

The markets are still down from where the markets were.
RetiredAtLast said:
(Side note: I'd be very interested to see the Odd Lot sales during the drop because I suspect a lot of amateurs in the markets were the sellers.)
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BabaVoss said:
Wrong. See above.
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I would, except that "above" misses the point. At the consumer level, a trade deficit doesn't mean much. On a national economy level, a trade deficit means that we lost $300 billion a year from our economy to China's. That's $300 billion that didn't go to American workers for their families, or on which they didn't pay income taxes to support benefits, or to companies so they could hire more workers.
 
BirdinHand said:
The markets are still down from where the markets were.
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The S&P is up over a month ago and a year ago, the Dow is is down 900 from a month ago but has recovered 4,000 from it's low point, and the NASDAQ is up 376 from a month ago.
 
RetiredAtLast said:
The S&P is up over a month ago and a year ago, the Dow is is down 900 from a month ago but has recovered 4,000 from it's low point, and the NASDAQ is up 376 from a month ago.
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They are all DOWN since Trump took office.
 
RetiredAtLast said:
I would, except that "above" misses the point. At the consumer level, a trade deficit doesn't mean much. On a national economy level, a trade deficit means that we lost $300 billion a year from our economy to China's. That's $300 billion that didn't go to American workers for their families, or on which they didn't pay income taxes to support benefits, or to companies so they could hire more workers.
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Sorry, no.
We bought X amount of goods, say its $100B. We paid China $100B. We received $100B worth of goods.
They bought $50B worth of goods. China paid us $50B. They received $50B worth of goods.
This is how trade works. We don't "lose" money in that scenario. We each got what we paid for.
What you are trying to say is that we didn't sell China as much as they sold us.
Your $300 billion does not exist. It is a manufactured number based on a trade imbalance - which is normal, by the way.
 
BabaVoss said:
We bought X amount of goods, say its $100B. We paid China $100B. We received $100B worth of goods.
They bought $50B worth of goods. China paid us $50B. They received $50B worth of goods.
This is how trade works. We don't "lose" money in that scenario. We each got what we paid for.
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That's all true on a consumer level. It ignores the facts on a national economics level. (See my previous post)
 
RetiredAtLast said:
It appears that you believe whatever the Party tells you.
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No, I don't.

I am a non cultist republican, a RINO to you. A reasoned educated man with values and someone who has never watch big time wrestling, reality TV (which is MAGA) cars driving in a circle....
I value my time.
I don't mastrubate to to these things as MAGA does.
 
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