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Dow Jones down 400 points on trade fears after Chinese tech exec's arrest

Atomic Kid

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https://abcnews.go.com/Business/dow-jones-400-points-trade-fears-chinese-tech/story?id=59649872


As of the time of this post the market is down about 700 points. The timing of this seems pretty odd given the optimism that was being expressed by the administration for improving trade relations with China after the G20 get together in Argentina. Looks like that's all shot to hell now. Gotta wonder who's making these decisions and if they are being coordinated in any manner so as to form a coherent and consistent foreign and economic policy.
 
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https://www.cnbc.com/2018/12/05/sel...80percent-of-us-stocks-fund-manager-says.html

This two-day sell off imo is based on algo trading.
 
While I think this is just a blip keyed off of Trump's false tweet, but it will blow over.
 

OFFICIAL LINE

Since it was the Canadians who arrested the man, the drop in the stock market has absolutely nothing whatsoever to do with Mr. Trump.

[Do NOT mention the source of the request for the arrest.]

END OFFICIAL LINE
 

They don't know why but it's not Trump's fault- Trump supporting co-workers on stock market crashing...
 
Rising Sun said:
While I think this is just a blip keyed off of Trump's false tweet, but it will blow over.
Click to expand...

Do you think the Chinese are going to take that arrest lightly?
 

This is the result of a President with serious questions about his competence. No sane person can believe a word he says either.
 
Rising Sun said:
What do you think they'll do about it? Cut off trade relations? Start WWIII?

https://www.nbcnews.com/news/world/china-calls-release-huawei-executive-detained-canada-n944666
Click to expand...

I think they're likely to take a hard line in this and other matters and that this current economic tariff/cold war is likely to continue long term which is sure to send ripples that will be felt throughout the world economy as it could hit global technology supply train hard. And if you are a US executive how secure would you feel about traveling to or near China now?
 

Great. So trade war it is. Should be interesting.
 
Rising Sun said:
Great. So trade war it is. Should be interesting.
Click to expand...

Be careful what you wish for. Both sides generally lose in a trade war. One possible byproduct of that would be rising interest rates and an inversion of the yield curve. Of which we just recently had our first incidence of since 2008. Inversion of the yield curve widely seen as an leading indicator of an impending recession or even depression. And be aware that have been instances in history where trade wars have turned into actual shooting wars because what usually happens is that we fail to see the tipping point until it's too late.
 
Yeah, but who cares about wall street? Lol.

Sent from Trump Plaza's basement using Putin's MacBook.
 

You're the one waving the flag warning of a trade war. Am I mistaken? Are you not waving the Red, White and Blue but are, instead, waving the French surrender monkey flag? Please explain what you think should be done.

 
Rising Sun said:
You're the one waving the flag warning of a trade war. Am I mistaken? Are you not waving the Red, White and Blue but are, instead, waving the French surrender monkey flag? Please explain what you think should be done.

Click to expand...

Yes. you are mistaken. I'm in favor of not doing things that have been historically proven not to work. Trump's "America First" policy assumes that as the world’s dominant actor, the United States, can behave freely and independently in trade and it assumes the U.S. can act unilaterally without consequences. Unfortunately America’s top economic position doesn’t shield it from the dire consequences that unilateral trade policy can provoke. You want to know where the real surrendering is taking place? In surrendering America's place at the table in multilateral trade agreements, such the Trans-Pacific and international trade and banking institutions. We are withdrawing from the international trade system the U.S. helped create, one based on open markets and classically liberal principles. And it is under threat as never before. Yet President Trump’s “America First” approach is a total abdication of the traditional U.S. role as its defender.
 

We can agree Trump is an idiot, but looking the other way on the actions of criminals just because they are Chinese doesn't work for me. In fact, I think Trump would rather let this go just like he's willing to let MBS kill whomever he likes.
 
tres borrachos said:
Mycroft! Oh wait...he said nobody cares about Wall Street. Never mind. Carry on.
Click to expand...
We sure don't care bout it. Not like our retirements are linked to investments in companies started by his generation and like we depend on them doing well to have a chance at retirement in Panama or wherever Mycroft has retired to. Lol, as long as people close to retirement (or past it as in Trump's case) keep a few more million dollars because of a tax break, **** us, right?

Debating people whose criteria for criticizing a president are CT beliefs about their birth certificate, non-existent influence from Muslims, but not failure to address the consequence of saying that the stock market depends on you to do well....


Gets tiresome.



Sent from Trump Plaza's basement using Putin's MacBook.
 
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Whadya think, good idea?

 
Winner!! Winner!! Chicken dinner!! ^^^^^^^^

Trump loves him some leverage. He looks for it. He uses is. He used it with that other Chinese company that violated sanctions. He'll use it with this thing.

Oh...and some people are saying that Trump didn't know this lady was getting arrested and extradited. LOL!! He knew.
 
Mycroft said:
Winner!! Winner!! Chicken dinner!! ^^^^^^^^
Click to expand...
You've deluded yourself into thinking our Dow Jones going down by 400 points and keeping a hostage is going to do anything but drive us closer to a military confrontation....




Sent from Trump Plaza's basement using Putin's MacBook.
 
Hatuey said:
You've deluded yourself into thinking our Dow Jones going down by 400 points and keeping a hostage is going to do anything but drive us closer to a military confrontation....




Sent from Trump Plaza's basement using Putin's MacBook.
Click to expand...

I doubt it will come to that, but if they even think of using this person as leverage, then any trade "negotiations" will be immediately ended.

Which means they're just dumb enough to try it.
 

How's everyone's 401k doing?
Great job, Twumpy!
 
Airyaman said:
I doubt it will come to that, but if they even think of using this person as leverage, then any trade "negotiations" will be immediately ended.

Which means they're just dumb enough to try it.
Click to expand...
Yeah, that's not good, man.

Sent from Trump Plaza's basement using Putin's MacBook.
 
Atomic Kid said:
Do you think the Chinese are going to take that arrest lightly?
Click to expand...

Hell to the No they won't.
I expect that the gloves are going to come off.
Don't forget, China has sufficient economic resources to drop a cool trillion and a half on a HIGHWAY system devoted purely to trade with the rest of the world.

That signals, at least to me, that they have sufficient resources to do both that AND tighten the spigot with regard to US trade at the same time, while strengthening trade with the rest of the world.
At some point, maybe not right away, trade with those other connected nations will become more important than trade with the US market.
 
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