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Started By
Message
Trump called the CEOs of the biggest US banks on Wednesday as the stock market plunged
Posted on 8/16/19 at 2:15 pm
Posted on 8/16/19 at 2:15 pm
quote:
Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, according to people with knowledge of the situation.
The president asked the three men to give him a read on the health of the U.S. consumer, according to one of the people.
The executives responded that the consumer is doing well, but that they could be doing even better if issues including the China-U.S. trade war were resolved, this person said.
LINK
I think this is Trump’s #1 concern about his re-election. He’ll do whatever it takes to buoy the market until then.
14
Posted on 8/16/19 at 2:15 pm to OleWarSkuleAlum
Plunge Protection Team calling for duty, Mr. President.
Posted on 8/16/19 at 2:17 pm to OleWarSkuleAlum
I love it.
Got a problem?
Go straight to the folks with whom you need to speak.
Got a problem?
Go straight to the folks with whom you need to speak.
Posted on 8/16/19 at 2:17 pm to OleWarSkuleAlum
quote:
think this is Trump’s #1 concern about his re-election. He’ll do whatever it takes to buoy the market until then.
If Trump gets a solid win on China, the economy is gonna boom even more.
I’m not sure China wants to see that. It’s more likely China drags its feet to get the voters to turn on Trump.
Meaning - this could likely drag in to 2020. Or Trump yields to Chinese demands.
Trump needs to make it so painful for China - that they cant limp to 2020 and they have to cave now.
This post was edited on 8/16/19 at 2:19 pm
Posted on 8/16/19 at 2:28 pm to OleWarSkuleAlum
quote:
I think this is Trump’s #1 concern about his re-election. He’ll do whatever it takes to buoy the market until then.
Said every President ever
Posted on 8/16/19 at 2:54 pm to OleWarSkuleAlum
So Trump basically created a button he can push at any time to make the economy even stronger? Say things take a downturn as the election nears. He announces that a lot of headway has been made, and a group of tariffs will be lifted or relaxed and old markets with China re-opened. The markets suddenly boom with the news. Pretty smart.
Posted on 8/16/19 at 2:55 pm to OleWarSkuleAlum
Stupid arse Trump!!!! He should step aside and let Lil Marco save the country
Posted on 8/16/19 at 2:55 pm to OleWarSkuleAlum
quote:WTF are you even talking about?
He’ll do whatever it takes to buoy the market until then.
He could do absolutely nothing new from now until the election and still not have to "buoy" the fricking market.
Can you name a single recession indicator that's not trending positive?
This post was edited on 8/16/19 at 3:05 pm
Posted on 8/16/19 at 2:56 pm to Uncle Don
3% is not a plunge.
Posted on 8/16/19 at 2:57 pm to BeefDawg
quote:
WTF are you even talking about?
It's almost as if the OP is saying "How DARE he do what's best for the economy!"
Posted on 8/16/19 at 3:19 pm to OleWarSkuleAlum
quote:How dare the President of the United States being proactive to get first-hand knowledge about what's going on in the U.S. economy!
The president asked the three men to give him a read on the health of the U.S. consumer...
He’ll do whatever it takes to buoy the market until then.
That's outrageous!
Posted on 8/16/19 at 3:21 pm to OleWarSkuleAlum
A legit fair trade deal with China would cause the US economy to take off like a rocket.
No deal but China quits cheating would be a great boon for the US economy.
To get there, though... gonna have to be some pain. Are we committed?
No deal but China quits cheating would be a great boon for the US economy.
To get there, though... gonna have to be some pain. Are we committed?
Posted on 8/16/19 at 3:27 pm to OleWarSkuleAlum
quote:
Trump called the CEOs of the biggest US banks on Wednesday as the stock market plunged
Was there a second call, or is this the conversation that occurred today during their scheduled meeting with Mnuchin?
Posted on 8/16/19 at 3:58 pm to OleWarSkuleAlum
Trump knows that if the economy tanks he loses. His overall approval rating is consistently no more than 45% with a booming economy which is his major advantage. If he loses that then his re-election hope will hard fade in my opinion.
Posted on 8/16/19 at 4:22 pm to OleWarSkuleAlum
quote:
including the China-U.S. trade war were resolved,
quote:
OleWarSkuleAlum
You misspelled IBChinaman
Posted on 8/16/19 at 4:44 pm to Uncle Don
quote:
He should step aside and let Lil Marco save the country
I don't think he gets paid by lil Marco anymore. He's moved onto yang I believe.
Posted on 8/16/19 at 4:46 pm to Shiftyplus1
So create the problem, languish in it for a while and then solve it?
Yeah no shite. Thats kind of been the complaint.
Yeah no shite. Thats kind of been the complaint.
Posted on 8/16/19 at 4:47 pm to Geauxst Writer
He’s in line with Obama at this point.
Posted on 8/16/19 at 4:50 pm to OleWarSkuleAlum
quote:
I think this is Trump’s #1 concern about his re-election. He’ll do whatever it takes to buoy the market until then.
Said every POTUS ever.
Posted on 8/16/19 at 4:52 pm to BobBoucher
If they drag it on until after the election...and Trump wins....
China will not be happy with what he does then
China will not be happy with what he does then
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