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Thread: Black Monday

  1. #5491
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    Quote Originally Posted by Lewylewylewy View Post
    Is anyone else concerned that China will retaliate eye 4 an eye, damaging the two largest economies, sending the world into recession?
    Yes, I think everyone is concerned or should be. However, personally I'm optimistic agreement will be reached as both sides have too much to lose.
    I remember Nicky Haylee (recently retired US UN Ambassador) saying something along the lines of, Trumps unpredictability & impetuousness actually helped their negotiators as the other side found him difficult to read & how far to push.

    What's that saying...'When elephants fight, it's the grass that gets trampled."
    Last edited by Blue Skies; 13-05-2019 at 02:29 PM. Reason: Just added Haylee recently retired

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    I imagine that trump will end up making some kind of agreement, which will likely having nothing of substance, then tell everyone how he died those Chinese out. Just curious about the state of the grass until then

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    I think this will fester for quite some time. The Chinese almost did agree to many issues but got brought back by Xi for what I think are other reasons. As for the US why would they be too worried with a GDP growth of 3.2 % and low unemployment. The main losers are US farmers but they live up Trump's.... so why would Trump be worried.

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    Quote Originally Posted by bohemian View Post
    I think this will fester for quite some time. The Chinese almost did agree to many issues but got brought back by Xi for what I think are other reasons. As for the US why would they be too worried with a GDP growth of 3.2 % and low unemployment. The main losers are US farmers but they live up Trump's.... so why would Trump be worried.
    I suspect that US consumers and companies will find out that many things will get dearer if they have to pay 25% on all Chinese imports like cell phones, computers, other electronics, resources (like rare earths - more than 80% of world production comes from China) and textiles. Even Trumps MAGA caps will be more expensive (which might be a good thing). There is lots of stuff where there is just no alternative to buy somewhere else.

    Trump is basically putting a heavy tax on his people, and while I agree that many of them must be quite stupid (otherwise they would not have picked him in the first place), they can't be that stupid not to notice that their pay check will be rapidly eroding ...

    Just boys playing chicken ...
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    "Prediction is very difficult, especially about the future" (Niels Bohr)

  5. #5495
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    Im not concerned about consumer stuff increasing in price, more about costs to companies, making those companies uncompetitive. It's like an ecosystem; you don't know what the effect of killing one business or industry will have on others.

    Consumers can handle more expensive goods, but businesses might not be able to handle increased costs. Especially business relying on volume to make low margin business work.

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    Typical US....bullying other nations

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    The irony in modern times is that companies just pass these tariffs along to their consumers which just makes the average American worse off.

    Still think the valuations in the US markets are very high, would have to come down substantially for me to get into the S&P500 which I would like to hop on at some point.. I'm happy for this trade war to run its course and bargains to present itself. Expect volatility to return in a big way for the rest of 2019.

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    80% of all fake products including patent infringing ones come from China(turkey is the next biggest with 3%) source CNBC. This is one big sticking point in the trade negotiations that won't be resolved quickly.

  9. #5499
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    Quote Originally Posted by King1212 View Post
    Typical US....bullying other nations
    China makes 80% of the world counterfeit goods exported around the world(In second place Turkey with 3%) undermining patents companies and consumers **** China IMHO

    Or that worthless cheap nasty consumer goods Chinese crap that breaks after its second use. then goes into filling our landfills
    Last edited by JBmurc; 14-05-2019 at 10:12 PM.
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    LOL great minds think alike JT >>>>
    People don't have ideas, ideas have people

  11. #5501
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    but if you make say 80% of the worlds stuff then you;'re going to make 80% of the counterfeit stuff too without it becoming an anti-Sino justification ?

    (Just sayin)
    For clarity, nothing I say is advice....

  12. #5502
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    Quote Originally Posted by peat View Post
    but if you make say 80% of the worlds stuff then you;'re going to make 80% of the counterfeit stuff too without it becoming an anti-Sino justification ?

    (Just sayin)
    So your all for Chinese companies stealing I.P(breaking patent laws) copying your product and then selling it with no issues through there state-controlled Alibaba express back to your prospective buyers ??

    Also you like synthetic drugs being pumped into our communities ...
    https://www.nytimes.com/times-inside...cret-in-china/

    Personal I'm not a fan Of the CCP- greatest threat to freedom of the world and free market democracy IMHO

    https://www.nytimes.com/2019/05/13/n...ase-china.html

    Mao Zedong, the founder of the People's Republic of China, qualifies as the greatest mass murderer in world history
    https://www.independent.co.uk/arts-e...s-2081630.html

    Really I could fill pages of the issues I have with the CCP ... yes, the Chinese were treated poorly by the English Empire in the past ...but If the CCP wants to be part of the WTO why don't they have to toe the line?
    Last edited by JBmurc; 15-05-2019 at 09:23 AM.
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  13. #5503
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    U must be one of trump friends

  14. #5504
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    Chinas retaliation doesn't seem so bad to me. No attacks on products used as parts for business, mainly just consumer stuff. Consumers can suck it up or just not buy those products as much.

  15. #5505
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    Quote Originally Posted by JBmurc View Post
    So your all for Chinese companies stealing I.P(breaking patent laws) copying your product and then selling it with no issues through there state-controlled Alibaba express back to your prospective buyers ??

    Also you like synthetic drugs being pumped into our communities ...
    https://www.nytimes.com/times-inside...cret-in-china/

    Personal I'm not a fan Of the CCP- greatest threat to freedom of the world and free market democracy IMHO

    https://www.nytimes.com/2019/05/13/n...ase-china.html

    Mao Zedong, the founder of the People's Republic of China, qualifies as the greatest mass murderer in world history
    https://www.independent.co.uk/arts-e...s-2081630.html

    Really I could fill pages of the issues I have with the CCP ... yes, the Chinese were treated poorly by the English Empire in the past ...but If the CCP wants to be part of the WTO why don't they have to toe the lie?
    No question - China is in this contest clearly not coming out smelling like roses. They did have murderous phases in their past, they do have a government without democratic legitimation and little respect for any human rights.

    Some of the issues Trump is highlighting (like IP theft and unfair conditions for foreign companies operating in China) are justified and worthwhile to fight against, some other of his issues (like unbalanced bilateral trade balance) are just demonstrating his limited understanding (or better the lack thereof) of the economic system.

    Problem is that Trump is in no way better than Xi, he only operates in a system which restricts his powers a bit more. Problem is that he is a repulsive bully who takes on everybody - friend and allies - at the same time to demonstrate his strength, instead of forming a big coalition of allies helping to move China from its dark ways to the "bright side". Trump is basically p*ssing against everybodys legs and likely to ensure this way that China's power will increase rather than diminish.

    Nobody likes a bully.
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    "Prediction is very difficult, especially about the future" (Niels Bohr)

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