Dow kept dropping so Trump ends tariff threat

Discussion in 'MKJ Off-Topic' started by xuscx, Aug 13, 2019.

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  2. xuscx

    xuscx Junior Member


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    #3
    For the record I called this a month ago, he does the same thing every time, that is why I am leading the contest and you are not. Of course you did not enter because that would require actual thought.
     
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  3. DJ4SC

    DJ4SC Junior Member


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    #4
    You called it and so did BoBo the chimp.

    It’s called negotiations and the market has not a clue because it is filled with emotional twits like you.
     
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  4. xuscx

    xuscx Junior Member


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    #5
    No world leader is going to respond to threats, the way to negotiate in world politics is to do it in private.
     
  5. DJ4SC

    DJ4SC Junior Member


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    #6
    Yet they blinked already.

    Also, they’re not threats, they are consequences of bad behavior.
    This is how it’s done and China better hurry up because things will only get worse for them.
     
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  6. xuscx

    xuscx Junior Member


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    #7
    China blinked? No I think it is a Trump panic.
     
  7. DJ4SC

    DJ4SC Junior Member


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    #8

    They were called out for manipulating their currency. That is what we called a blink.
     
  8. SoCal93

    SoCal93 Junior Member


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    #9
    China is also trying to hold off negotiations until the 2020 election hoping there's a new administration. Bad move on their part.
     
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  9. SouthbayTrojan91

    SouthbayTrojan91 Junior Member


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    #10
    Do you even know what happened?
    Some tariffs are going ahead as planned on the original schedule, some very specific ones are being delayed until mid-December.
     
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  10. GaryB

    GaryB Junior Member


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    #11
    Another thing that you know nothing about. Trump calling out China for manipulating their currency has zero impact on anything. When are you going to start putting some of the pieces together? Here is a couple of hints. The Equity markets are rising because corporations are buying back their shares as fast as their earnings are declining. Conversely, today the Treasury auction was the worse since 2008. One year T-Bills with a coupon of 1.75% sold for 1.80 with the lowest cover in 11 years.

    I know that you have no idea what I am writing about, so I'll put it in simple terms. The $28b auction had to be discounted 28 basis points, an unheard discount. The Government sold $28 Billion in debt, but only received $27.84b. A huge discount for one year paper. In order to understand how bad the auction went, besides 2008 you have to go back to 1987 to find a T-Bill auction that went this badly.

    Trump is trying to borrow $350b to replenish the cash balances used to fund the debt ceiling period. This was the first weekly auction and if the world doesn't start buying the bonds, we will have a hell of a mess with the Fed cutting rates and the markets causing short-term rates to rise.

    But, I forgot, the Fed sets interest rates. You are a fucking idiot.
     
  11. KeenObserver

    KeenObserver Junior Member


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    #12
    China is our economic and political enemy. Their back must be broken. Do we as a collective nation have will...or do we have too many traitors like Garry that are willing to sell out so their portfolios can be a little bigger? It’s a variable.
     
  12. DJ4SC

    DJ4SC Junior Member


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    #13

    Another classic response from a pretzel with zero logic.

    If it’s “no big deal” then why did they back off, pretzel boy?
     
  13. TheRealAirbns

    TheRealAirbns Junior Member


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    #14
    That may have been true last year, but not this year. Buybacks are way down this year. As usual, you're cherry picking data to match your prejudices.

    So it would be good if the government would begin to reduce spending, right, komrade?

    No, still you.
     
  14. GaryB

    GaryB Junior Member


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    #15
    U.S. companies are on pace to break another record for share repurchases in 2019, using a combination of cash and debt to push the total to close to $1 trillion. https://www.cnbc.com/2019/07/29/buybacks-companies-increasingly-using-debt-to-repurchase-stocks.html

    Yes, we need to cut military spending by $500 billion a year, and we need to increase tax revenue.
     
  15. GaryB

    GaryB Junior Member


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    #16
    Idiot - Do you read anything? The PBOC didn't initiate the Yuan devaluation, it was initiated by the Chinese rich, who are buying USD to hedge.
     
  16. SouthbayTrojan91

    SouthbayTrojan91 Junior Member


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    #17
    Or, just open the boarder to hordes of uneducated and unskilled workers and all our problems will be solved.
     
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  17. DJ4SC

    DJ4SC Junior Member


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    #18

    What he fuck does that have to do with the original point, big dummy?

    Did they manipulate it? You bet your communist ass they did.

    Thanks for playing, pretzel.
     
  18. GaryB

    GaryB Junior Member


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    #19
    Idiot - No, the PBOC didn't manipulate the Yuan. The Chinese Government eased currency controls to allow wealthy Chinese to sell Yuan as a hedge and too diversify.

    You don't scream manipulation when the US subsidizes farmers that are being hurt by Trump's follies. Well, China has the same issues as a result of their tariffs on US goods.

    Even though the Yuan is part of the SDR, the world still trades USD. Since dollars aren't coming into the country, the Government has to relax its controls in order for companies to collect dollars as part of their supply chain obligations. As example, China uses US semi conductors. They have to be purchased in USD. If the Chinese companies don't have dollars, they have to go into the open market to buy them. Trump and his endless propaganda machine is labeling the purchases manipulation.

    Of course, subsidizing the farmers isn't price fixing when we do it. Only when another country (Canada dairies) does it. Your righteous indignation is laughed at by the rest of the world. Nobody manipulates its currency, installs artificial barriers to trade, and subsidizes industry more than the US. You're an idiot.
     
  19. 901 Club

    901 Club Junior Member


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    #20
    Why do we care about the Dow?

    The Demo party told us a few months back it doesn't matter if it goes up, so why should it if it goes down?

    [​IMG]

    I'll take your answers off the air.

    ______

    First in with a chart.
     
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