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China stock market took a pounding of almost 2% drop on tariff news

Posted on 7/10/18 at 11:35 pm
Posted by trinidadtiger
Member since Jun 2017
13290 posts
Posted on 7/10/18 at 11:35 pm
Xi better figure out the ole "NK may pull out of nuke talks" aint gonna work this time. We will just ruin your economy til ole Kim wants to talk again. And you will stop stealing our shite, and you will offer decent trade deals.

Expect Trump to work on EU free trade in return for giving them some slack on NATO, and an alliance to team up and go after those chinese pricks.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72448 posts
Posted on 7/10/18 at 11:41 pm to
Everybody needs to gang up on those Commie facks. Break them.
Posted by Cruiserhog
Little Rock
Member since Apr 2008
10460 posts
Posted on 7/10/18 at 11:48 pm to
quote:

We will just ruin your economy til ole Kim wants to talk again.


how can we ruin their economy when....

they are a communist country and can manipulate their own economy.

they own most of the US debt

the US as a singular trading antagonist of China has no chance of outlasting China, but hey Trump pulled us out of TPP which actually gave us a gang of several nations that could have mutually put pressure on China...


quote:

and an alliance to team up and go after those chinese pricks.


see above


trumps a clown
Posted by wickowick
Head of Island
Member since Dec 2006
45792 posts
Posted on 7/10/18 at 11:52 pm to
quote:

they own most of the US debt


I am going to need a link to support this...
Posted by YogaPants
Baton Rouge
Member since Aug 2008
4704 posts
Posted on 7/11/18 at 12:04 am to
quote:

how can we ruin their economy when.... they are a communist country and can manipulate their own economy. they own most of the US debt


so we should just let the trend continue?
Posted by HempHead
Big Sky Country
Member since Mar 2011
55438 posts
Posted on 7/11/18 at 12:07 am to
quote:

how can we ruin their economy when....

they are a communist country and can manipulate their own economy.


We can, to a certain extent, ruin their economy because we are the largest consumers of their products. If they were actually an autarkic communist country, then yeah, they could probably manipulate their economy (to the ends of starvation), but they are part of the global market.

quote:

they own most of the US debt



In terms of foreign holders, yeah. The largest holders of U.S. debt are the American government and American citizens.

Posted by Snazzmeister
IHTFP
Member since Jan 2015
1077 posts
Posted on 7/11/18 at 12:14 am to
quote:

they own most of the US debt


False. The Social Security Trust fund owns most of it. LINK

quote:

Trump pulled us out of TPP which actually gave us a gang of several nations that could have mutually put pressure on China


That’s a rather narrow-minded view of our allies. Japan and South Korea in particular have a vested interest in undermining China’s geopolitical strength in the region, even without TPP; as does every nation with a labor/manufacturing based economy.

It’s been interesting watching liberals defend a trade deal that benefited big corporations under the guise of national security or that it would somehow force China to liberalize their economy. You know, since China has such a great track record of following fair trade agreements.

ETA - Spelling is herd
This post was edited on 7/11/18 at 12:17 am
Posted by BuckyCheese
Member since Jan 2015
48754 posts
Posted on 7/11/18 at 12:19 am to
USSR was a communist country.

How did it's economy work out?
Posted by GeauxLSUGeaux
1 room down from Erin Andrews
Member since May 2004
23280 posts
Posted on 7/11/18 at 12:23 am to
quote:

trumps a clown


Your savior Obama’s the clown


Posted by trinidadtiger
Member since Jun 2017
13290 posts
Posted on 7/11/18 at 1:49 am to
quote:

Trump pulled us out of TPP which actually gave us a gang of several nations that could have mutually put pressure on China


Woooo, a "gang" of nations, which includes Brunei (with a GDP, seriously, less than Montgomery, AL) Im sure that scared China. Being part of TPP would be equiv to NAFTA, howd that work out for the US???

Bi lateral trade deals are the way to go, it maximizes our "purchasing power".
Posted by trinidadtiger
Member since Jun 2017
13290 posts
Posted on 7/11/18 at 2:00 am to
First, since the chinese stock market has had the worst declines in the world (other than that disaster Argentina) since the trade talks started, Id say the entire investment world kinda, sorta, believes Trump may kick their economic arse.

And what does China think, well for the first time in eons they did not follow the feds interest increase with one of their own. In fact they REDUCED the min cash on hand required by state banks, and started to loosen the credit for the small biz sector, even though THEY ARE SWIMMING IN DEBT and have been downgraded by most major financial houses because of it.

The chinese economy lives off exports, the US does not. They are communist so every trade dollar they lose they dont just lose the tax dollar they lose the profit because they own the company. Couple this with the fact their economy is about half ours, every dollar we lose in trade to them is about equivalent to four dollars for them.

They will give us free trade, they will stop stealing IP, and they will stop fricking around with NK, or we will break the little bitches.

On a side note, regarding debt, they owe us close to a trillion from ww2 that they refuse to repay...Im just sayin.
Posted by skinny domino
sebr
Member since Feb 2007
14329 posts
Posted on 7/11/18 at 2:56 am to
quote:

China stock market took a pounding of almost 2% drop on tariff news by trinidadtiger
have you seen the DOW JONES futures at 3am - down 300 points
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 7/11/18 at 3:27 am to
Now down only 250 points. We're coming back baby!
Posted by trinidadtiger
Member since Jun 2017
13290 posts
Posted on 7/11/18 at 3:53 am to
When it sinks 5,000 points get back to me, that is what has happened to the Shanghai in the past few months......
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123769 posts
Posted on 7/11/18 at 4:06 am to
quote:

Everybody needs to gang up on those Commie facks. Break them.
"Everybody" would include our EU trading partners who are perfectly satisfied to work against us in China.
Posted by Skeezer
Member since Apr 2017
2296 posts
Posted on 7/11/18 at 4:20 am to
So will ours
Posted by Deuces
The bottom
Member since Nov 2011
12358 posts
Posted on 7/11/18 at 5:44 am to
quote:

they own most of the US debt


Even with the debt included, it is a fraction of how much of their annual GDP we account for. China has more to lose than us.
Posted by rintintin
Life is Life
Member since Nov 2008
16153 posts
Posted on 7/11/18 at 5:59 am to
quote:

how can we ruin their economy when.... 

they are a communist country and can manipulate their own economy. 


Uh, do you not understand the economics of communist countries?

It doesn't mean they can artificially make themselves rich. It means they manipulate their economy at the expense of people starving.

They can't magically make up for the largest consumers of their products disappearing.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 7/11/18 at 6:20 am to
quote:

have you seen the DOW JONES futures at 3am - down 300 points



after being up how much the last few days?

idiot
Posted by ChineseBandit58
Pearland, TX
Member since Aug 2005
42500 posts
Posted on 7/11/18 at 6:24 am to
quote:

Bi lateral trade deals are the way to go,


Yeah, but that, ya no, takes work, and we have to like do it ourselves.

better to just join up with the gang and let them make all the decisions.
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