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Thread: Markets / Economy

  1. #61
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    ^^^^ hmm.......... me thinks not Jack!!! I tend to blame the antics between your particular leader and his counterpart in "Schin-ya”.

    When will POTUS learn that his commercial enemy in Asia has a devastating weapon which America can't match: The ability for a country's Government to unilaterally set its own currency exchange rate has got to be the commercial equivalent of a nuclear weapon!

    Don
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  2. #62
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    https://finance.yahoo.com/m/44a4e4aa...l-sharply.html

    Mortgage rates fall sharply as trade concerns mount — but many would-be borrowers are likely to miss out

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  3. #63
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    tweeted an hour ago


  4. #64
    NostraJackAss Jack@European_Parts's Avatar
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    Santos it's indeed the Rich cock suckers no matter what admin........

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  6. #65
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    Quote Originally Posted by DV52 View Post
    ^^^^ hmm.......... me thinks not Jack!!! I tend to blame the antics between your particular leader and his counterpart in "Schin-ya”.

    When will POTUS learn that his commercial enemy in Asia has a devastating weapon which America can't match: The ability for a country's Government to unilaterally set its own currency exchange rate has got to be the commercial equivalent of a nuclear weapon!

    Don
    There are some market limitations on what China can do with their currency value. They can effectively use it to minimize the impact of Trump's tariffs but they can't use it like a nuclear weapon without causing significant harm to their own economy. The shifts China is making now can halve the impact of the current tariffs. Luckily for the USA, most major commodities are still bought on sold in dollars; so, a weak yuan hurts China's ability to buy raw materials.

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  8. #66
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    ^^^ Agree (about the balancing effect of the low purchasing power of yuan abroad)!!

    BUT (and there is always a "but"), the crucial aspect of this countering effect is the state of China's balance of trade numbers which answers the question as to whether the overall benefit of a lower yuan to Chinese exporters are greater than the overall disadvantage to Chinese importers.

    Just to add some perspective on this pivot point - "in 2019, exports will rise 3.7%, pushing up the trade surplus to USD 492 billion". Sure this is only about 11% of China's GDP - but it's a compelling advantage to have as a negotiating weapon (regardless of whether it's deemed to be nuclear, or sub-nuclear)!!!

    Nevertheless - whilst I suspect that the rest of the world (including many companies within America) would prefer for the US/China trade wars to be resolved, for us here in the very deep south there are both advantages and disadvantages - given that we export lots of iron ore to China.

    Don
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  10. #67
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    Doom and Gloom....

    https://nypost.com/2019/08/11/bankru...uld-get-worse/

    Bankruptcy filings rising across the country and it could get worse
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  11. #68
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    Yield curve inversion today!
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  12. #69
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    https://www.yahoo.com/finance/news/y...102034083.html

    YIELD CURVE INVERTS: Recession indicator flashes red for first time since 2005

    Dow Jones Industrial Average (^DJI)


    DJI - DJI Real Time Price. Currency in USD

    25,479.42-800.49 (-3.05%)At close: 4:20PM EDT











    MARKET ROUTDOW PLUNGES 800, WORST DAY OF 2019

    The yield curve inverted, flashing a recession warning.



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  13. #70
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    Yes, the media wants a recession badly. They don't want Trump to be able to campaign on a good economy next year.

    -Uwe-
    The engineering problems are likely insurmountable. It would be like proposing to land a rocket booster section on a barge floating in the middle of the ocean.

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