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
19,613 Blog Posts

Trump Threatens to Tax Another $300 Billion in Goods From China; Futures Rise

It’s always fun to see stuff happen that people warn us in advance would be disastrous. Remember the debt ceiling crisis or when S&P cut the rating of US sovereigns or when the government shut down and it was supposed to destroy mankind?

How about Ebola or Greece or perhaps Italian elections, or BREXIT — or Trump getting elected?

Everything means nothing.

“Our talks with China, a lot of interesting things are happening. We’ll see what happens … I could go up another at least $300 billion and I’ll do that at the right time,” President Donald Trump said Thursday.

Negotiations between Beijing and President Donald Trump’s administration took a turn for the worse in early May with the increase of tariffs on $200 billion worth of Chinese goods exported to the U.S.

I’ve come to find out that the market and the economy aren’t affected by anything at all. It’s too big for any one item to derail it. As such, you should go about your lives freely and confidently, knowing that literally nothing can stop it from going higher.

Dow futures are +80; Trump threatens China with more tariffs. More nothing. China is not all that important, after all.

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2 comments

  1. dragun

    markets are now managed. it is the last policy instrument that they have and will do everything to keep it afloat. a lot of it has to do with the fact that people own more financial assets as a % of net worth than ever before, especially the 1%. there are still many policy tools available for this party, we haven’t even touched -ve rates here. in fact, no need to do so when you can borrow in foreign markets, hedge the fx and plow it into investments. will there be mild corrections .. sure. we will only see major ones if its is required.

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  2. roguewave

    Everything means nothing.
    True,
    until it means something

    Think of a stone mason cutting a large block of granite.
    He hammers it hundreds of times; the granite is unfazed.
    Then one more hit and 1 piece of stone is 2

    I have no idea what’s going on; but Isaac Newton said
    “To every action there is always opposed an equal reaction.”
    eventually

    https://www.youtube.com/watch?v=156Qea6rvjE

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