Dow plunges after China retaliates on trump's tariffs

Discussion in 'Economics & Trade' started by Jimbo11, May 13, 2019.

  1. Jimbo11

    Jimbo11 Well-Known Member

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    Starjet, Gorgeous George, AZ. and 3 others like this.
  2. Mr_Truth

    Mr_Truth Well-Known Member

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    Let's see how the forum right wingers spin it to make it seem like Obama or the Dems are responsible.
     
  3. alexa

    alexa Well-Known Member Past Donor

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    Yup. I was hearing people say last week that this may be your downfall and they were not joking. Has to come sooner or later the way you are currently Governed.
     
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  4. alexa

    alexa Well-Known Member Past Donor

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  5. Len_A

    Len_A Active Member

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    Agree with both of you, 100%. There is no scenario where I see us winning this. Long run, if this keeps up, some production will inevitably move to other low costs countries, like India, Pakistan and Vietnam. I have yet to here of major plans, or any plans, for some production to come back here. Maybe I'm wrong, but right now, I just don't see it.
     
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  6. PrincipleInvestment

    PrincipleInvestment Well-Known Member

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    Trump gets the credit. 25% on $300bn -vs- Xi Pings 25% on $60bn ... thats a surplus biggly, and the tariffs are going to subsidze industry ... and ... hunger. Trump already earmarking $15bn to buy produce to feed Americans. In other words ... Trump says: "eat it." ::):
     
    Last edited: May 13, 2019
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  7. Pipette8

    Pipette8 Well-Known Member

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    China is the culprit when it comes to pushing the US into oblivion. Cheating on trade deals, stealing intellectual property, infiltrating our research institutes and military, currency manipulation are devastating to the west, and China knows exactly what it is doing.
     
  8. Josephwalker

    Josephwalker Banned

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    Trump is standing up and fighting back and is doing so in the nick of time. To do otherwise means China will continue to grow and proser at our expense and feed it's military and it's quest for world domination. We have been like the frog in water getting warmer and warmer and placidly going to the point when our goose is cooked. Trump is saying it's time to jump out of this pot before it's too late and of course there will be short term pain involved in the process. Long term this is not only the right decision but the only one that will lead to a more prosperous America and a chastened China. The leftist are content to stay in the pot while conservatives desperately want out. It will be interesting to see who wins this internal war, those siding with China and status quo or those with the balls to say that's enough, time to fight back. Time will tell.
     
  9. Thedimon

    Thedimon Well-Known Member

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    With 3.6% unemployment and more jobs than people willing to work + wage growth and low inflation - yeah, downfall!
     
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  10. Mac-7

    Mac-7 Banned

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    I am happy to take resonsibility

    Yes it hurts some people in the short run and I regret that

    But its the best thing we can do for America as a whole
     
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  11. Mac-7

    Mac-7 Banned

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    We can raise tariffs on those countries too
     
  12. Len_A

    Len_A Active Member

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    True enough, but the question is how long to react. They won't put tariffs on until the imports from those countries become significant. The the companies moving production to those countries can always split it up among all kinds of low cost countries and keep the overall import numbers below the radar.
     
  13. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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  14. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

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    You can't even spell and suddenly you're an economist.
     
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  15. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

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    Bullshit.
     
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  16. Len_A

    Len_A Active Member

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    Nice, but there are plenty of people (myself included) who made a boatload of money under both Obama & Dubya.
     
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  17. truth and justice

    truth and justice Well-Known Member

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    When did you gain 200K? DJIA same level as over16 months ago
     
    Last edited: May 13, 2019
  18. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

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    He beat his little brother at monopoly.
     
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  19. Canell

    Canell Well-Known Member

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    700 point so far. It's not that bad, I think we have seen worse.

    America has $22 trillion in debt. Repaying gotta start somewhere. Collecting a little bit more taxes is a good start. :)
     
    Last edited: May 13, 2019
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  20. Nemesis

    Nemesis Well-Known Member

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    The stock market hates instability. So does the international economy.
     
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  21. Nemesis

    Nemesis Well-Known Member

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    *LOL* is right.

    This smells like a load of bs.
     
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  22. 61falcon

    61falcon Well-Known Member

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    Just wait until China stops showing up at our Treasury Bill auctions!!!
     
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  23. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

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    So do investors.
     
  24. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    FACT. Whining about a small dip in the Dow is like whining about a change in wind direction.
     
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  25. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    My 401K stalled for a long time under Obama but I cannot complain about 166% increase under Trump.
     

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