iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,770 Blog Posts

***TRADE WAR INTENSIFIES***

Trade wars are fun and easy to win.

Among its major trade partners, China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July. Imports from America slumped 22.4%.

Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.

“China-U.S. trade friction has led to a sharp decline in China’s exports to the United States,” said Steven Zhang, chief economist and head of research at Morgan Stanley Huaxin Securities.

Nasdaq futures are +15. No one give a shit.

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7 comments

  1. moosh

    If China was full on commie what would they really be doing, by definition?

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  2. acehood

    No one.

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  3. og

    SAAS hit hard.

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  4. ferd

    Oil flirting with break higher ..interesting that MSM last week gave coverage to an Israeli journalist who stated the obvious ..that Israel has been trying to provoke us into a war with Iran and that Trump is Netanyahu’s tool. Why would they finally state the obvious? ..to try to diffuse the situation? …or as a trial balloon to see if the sheeple give a shit?

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  5. ferd

    Long GUSH

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  6. spaceman

    Fly I want to show you how my metals are holding up just fine today do you think some of your stuff has rubbed off on me via osmosis?

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  7. txchick57

    BDI at a 9 year high. What trade war?

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