They just don’t get it. First, they didn’t believe Trump would get the GOP nomination. Then they gave him a 0.001% chance of beating Hillary Clinton. Now they think everything he’s said, from then until now, is not serious and it’s status quo all the way.
WRONG.
The Trump presidency is all about bringing chaos to the New World Order, disrupting the global hegemony of globalism that is gutting this country from its core. While Obama is in office, these people can talk all they want about what they think Trump will do, once in power. But mark my words, just like all of those fuckster pollsters, all of these analysts will be eating their hats in 1 year henceforth.
Credit Suisse CIO believes Trump is bullish for China, based on lower US taxes, easier regulations, and faster growth.
But what about the tariffs buzz? You forgot to mention the 45% reduction in mainland China earnings due to levies slapped on Chinese goods by Trump, as promised.
Meanwhile, since election day, China has been manipulating their currency like a motherfucker — now down for the 9th consecutive day — down by 7.4% v the dollar for the year.
I need help here. Depreciating the Yuan is good for Chinese exporters plus for the Chinese corporation reducing its debt load which could be closing in on ~180% to GDP (majority of the Chinese corporate debt is denominated in yuan not dollars)
Devaluation is bad only in the respect of increasing more capital outflows through the shadow banking systems.
So, my theory is that China must devalue or face a debt crisis that may still be inevitable.
I have to be missing something…
China will pay.