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re: Chinese markets took a brutal beating last night
Posted on 6/19/18 at 8:25 am to Ripley
Posted on 6/19/18 at 8:25 am to Ripley
quote:
China will bend the knee. I have now doubt about it. Just a matter of when.
China needs us and our market more than we need theirs. That’s the dirty little secret people don’t like saying out loud when talking about trade wars. We are THE largest consumer economy currently and any economy that is a producer economy (China, India, Taiwan) needs us because no where else can buy their stuff like we can.
Others will replace their void as producers of our markets close to them. No one, yet, can replace our consumer void
1
Posted on 6/19/18 at 8:34 am to Oilfieldbiology
quote:
China needs us and our market more than we need theirs. That’s the dirty little secret people don’t like saying out loud when talking about trade wars. We are THE largest consumer economy currently and any economy that is a producer economy (China, India, Taiwan) needs us because no where else can buy their stuff like we can.
Others will replace their void as producers of our markets close to them. No one, yet, can replace our consumer void
All of this ^
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