UPDATE: NASDAQ FUTS -130
Well well well — what do we have here? Dare I say the olde riga-ramole is back and in action. Trump is going to increase tariffs on Chinese goods from 10 to 25%, markets will cascade lower. Then, seemingly out of the blue, new progress will be broadcasted in Trump’s ongoing negotiations with China, and then VOILA! — a deal will be had.
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….
— Donald J. Trump (@realDonaldTrump) May 5, 2019
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….
— Donald J. Trump (@realDonaldTrump) May 5, 2019
Or not.
I’ve always stated China would do nothing until after the 2020 elections. The risk for them is betting against Trump winning and then an angry malevolent Trump giving them nothing — forcing them to sign a fucked up deal.
I step into tomorrow’s melee a man, 50% cash, with my sole China stock being named A Dick Car Named Desire (DCAR). Quite honestly, I wish it would. I wish the whole kit and caboodle would come crashing down, just so that all of the non-talented investment advisor absolute shills could shut the fuck up about their inane investment plans — which entail nothing but dick in hands and a basket of low fee ETFs.
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I said what you say you said. first.
I’d be less worried about investments in Chinese companies than in US companies. One day, it may be a headline like the one in your blog post this evening (or perhaps like one flowing from Trump’s “stop all imports of Iranian oil by Thursday” which triggers a world-wide ‘fuck you US’ ..and a precipitous move away from the world’s reserve currency.
Is this idiot playing 4D chess again?
Yawn, I wonder if there will be some bargains in the coming months.
Diaper Don needs a change. He’s stinking the place up.
no one needs china copy paste 1$ a day salary economy . no one needs Russia “own” jets airlines to develope ( fire onboard ) . but everyone needs USA tech in 2020 . or die . so , China and Russia will be melted like rotten icecream along the process .
prepare to USA ultra-tech defense/military/it absolute supremacy and stealth -war showdown next years , and unprecedented winship