Chinese reacts to tariffs and the DOW plunges 1000 points

originally posted by: olaru12
It will be great to revisit this thread around Xmas and listen to the rrrreeeeeeeeeeeeeeee why didn't some one warn us.

I made 20 plus percent on short holds for a few retail stocks last christmas.....

Based around the same narrative that trump was "ruining the economy".

I agree though, it will be fun to revisit this later. After those that bought the dip and reaped massive gains after china capitulates.

a reply to: Willtell

The point is, why does China feel it is so important to export products to the US?

Think about when a Wal-Mart comes to a town. They run all the small businesses out with lower prices. With the other business gone, they can name their price. Of course, people have lost their jobs, Wal-Mart pay and benefits are crap, crime rates go up, etc.

China wants to do that on a national scale. If all they cared about was selling their products, they could sell to any country. China wants the US to be dependent on Chinese made slave labor products. They are willing to sacrifice their economy, their ecology, and the health of their people to do that. They realize if they can destroy the US manufacturing base, we will be no threat to them.

a reply to: VictorVonDoom

why does China feel it is so important to export products to the US?

The US is a consumer of goods, and China makes a lot of the goods we consume?

Think about when a Wal-Mart comes to a town. They run all the small businesses out with lower prices.

Generally true.

Wal-Mart pay and benefits are crap, crime rates go up, etc.

Walmart=increased crime? Stats, evidence?

China wants to do that on a national scale. If all they cared about was selling their products, they could sell to any country.

They sell to the US because the US buys their # in large numbers. And vice versa.

They realize if they can destroy the US manufacturing base,

Corporations who outsource might agree with that. They might also say they turn a better profit.

a reply to: VictorVonDoom

That’s why is challenging to have a trade war with a tyrannical country.

Though, US businesses go to China to save money, don’t forget that. They want to take advantage of those cheap wages


Sometimes that backfires when they get their IP stolen

a reply to: olaru12

The hair trigger would be rare earth metals.


We get a vast majority from them. They cut it off and exports to the US and the tech market would take a huge hit... A lot is being made over there and they could freeze that. Stocks would plumit.

By the time we got domestic and other contingencies back in play it would be used to satisfy DOD needs to prepare for any possibilities of aggression.

While we're scrambling they do their final touches on locking the south pacific.

I hope that's super improbable, and to be fair to everyone this is based off loose reading so I'm not sure if the above is a possibility, just mix matched articles.

Did nobody ever play with bubble wands as a kid? Or if not, never play with them with their own kids? One thing about bubbles is very consistant -- the faster & bigger they grow, the sooner they pop. Slow and steady gets a mammoth one that doesn't pop right away, though.

Apply that to the stock market -- too fast growth isn't good. It'll pop, and certainly not later on. The added amusement factor as an aside is the folks thinking they made bank pouring money into stocks NOW will be crying about their massive losses and nothing to show for it later. Kinda like the last time we did this crap. Memories are short indeed. It doesn't matter where the pops originate, when they bitchslap an economy, it hurts like a mofo.

This isn't just about the Tariffs, it actually is aimed at all of the countries that buy from them and want to sell raw materials to Chinese companies to balance the deficits. It makes it cheaper for China to mine instead of importing metals.

This isn't just about Trump and Tariffs. The Chinese needed to do this because they went too big too fast and have a lot of debt. They are just trying to keep their people working and factories producing.

The low-IQ media and non-investors have a fascination with DOW "Points", don't they?

It's PERCENTAGE of increase/decrease that matters. That is what determines how your 401K is performing, assuming that stocks comprise much of the portfolio.

originally posted by: Liquesence

The US is a consumer of goods, and China makes a lot of the goods we consume?

And they can still sell to us, tariffs or no. A US tariff on Chinese goods does not cost China a dime. They don't pay it. If I make a widget and sell it for $10, and some middleman buys it and sells it for $11, why should I care? I got what I considered a fair price. So why should the Chinese feel the need to "retaliate" if Americans pay more for Chinese products?

originally posted by: Liquesence
Walmart=increased crime? Stats, evidence?

You embarrass me. You force me to use the Huffington Post as a source.
Walmart Linked To Higher Crime Rates: Study
But it just seems like increased unemployment would result in more crime.

originally posted by: Liquesence

They sell to the US because the US buys their # in large numbers. And vice versa.

Corporations who outsource might agree with that. They might also say they turn a better profit.

I'm sure we will still buy their crap in huge amounts. And I'm sure that corporations looking to make a profit love to import cheap products and slave labor. They will support no tariffs and open borders, and they have the money to make sure their voices are heard in DC.

originally posted by: LSU2018

originally posted by: musicismagic

originally posted by: LSU2018
a reply to: Willtell

Good. Maybe we can start making our own # again and it will last longer than a year. Trump.... Always winning.

You 1 dollar underwear doesn't even last through one wash these days. Total crap. And yet we buy tons of their " fake high quality" clothing.

I know. Mine tear up real fast all the time and the first thing to go on my jeans always seems to be the crotch. Chinese stuff is much worse though. I miss the 80's when we got most of our quality stuff from Japan or right here at home. Too easy to buy cheap crap out of China that was made in a sweatshop with cheap labor.

America already destroyed Japan through currency war. Japan isn't coming back up anytime soon.

Ooops. Chinas market is tanking too. I guess it will come down to who is scarier... angry Americans that pay a premium for cheap china crap, or hungry Chinese. I bet China flinches first

originally posted by: Willtell
a reply to: VictorVonDoom

That’s why is challenging to have a trade war with a tyrannical country.

Though, US businesses go to China to save money, don’t forget that. They want to take advantage of those cheap wages

You don't fight a war because it's easy or you know you can win. You fight because the cost of not fighting is too high.

And yes, US companies take advantage of foreign slave labor. Nike pays foreign workers 50 cents a day to make shoes they sell in the US for $100 so they can pay Colin Kaepernick millions to tell us how we should treat people.

a reply to: VictorVonDoom

And they can still sell to us, tariffs or no. A US tariff on Chinese goods does not cost China a dime. They don't pay it. If I make a widget and sell it for $10, and some middleman buys it and sells it for $11, why should I care? I got what I considered a fair price. So why should the Chinese feel the need to "retaliate" if Americans pay more for Chinese products?

Do were paying more for the goods we are in many cases forced to buy while the cut off buying of large US industry.

Hopefully we can come up with something as clever as the opium wars.

I think while we've been focusing on proxies (ironically the motive of Osama to drag us into long debilitating conflict like the soviets), China has increased their clout.

They've been leveraging the future in their favor, and their economy has skyrocketed while we were one of their biggest customers.

Ironically the government through several administration's have practiced austerity which resulted in decreased bang for buck on domestic federal spending, hemorrhaging military spending, and corporate tax rates that incentives corporations to sell out middle America to China.

None of this smells good to me, but I'll gladly admit if I'm wrong. However I've maintained China is the real threat while we play into the hand of the Middle East and Russia.

originally posted by: VictorVonDoom

originally posted by: Willtell
a reply to: VictorVonDoom

That’s why is challenging to have a trade war with a tyrannical country.

Though, US businesses go to China to save money, don’t forget that. They want to take advantage of those cheap wages

You don't fight a war because it's easy or you know you can win. You fight because the cost of not fighting is too high.

And yes, US companies take advantage of foreign slave labor. Nike pays foreign workers 50 cents a day to make shoes they sell in the US for $100 so they can pay Colin Kaepernick millions to tell us how we should treat people.

Is there a war?

Some here don't like Trump's China Trade Policy. Fine.
What is your idea to combat the trade Imbalance with China? China has had a free ride building their economy the last 30 years, why would they want to change the built in advantages they have had?

Elizabeth Warren's or Bernie's China Trade policies don't sound much different from Trump's To be honest.

How do we combat China's disregard of intellectual property and constant economic espionage? How about their currency manipulation or product dumping?

a reply to: MisterSpock

I would not even call it a game of chicken. If China refuses to bend their economy will be devastated. They know this already. The US will suffer some but not enough to matter.

They have been scamming us for so long. One thing they love to do, sell goods at a loss just to put the US competition out of business. It's the same business model Walmart used but their version is more evil because they have no patent laws, can't touch them for intellectual theft and they have no regulations. It's out of control. Now they are importing synthetic drugs.

The sad part is people who hate Trump want our economy to collapse. They would rather Americans suffer to the point of death just to see him gone.

from what I'm reading this needed to happen because stocks are too high so i think trump just baited china into this on purpose to start a correction before something bad happened after interest rates were dropped, if he hadn't stocks would've gone even higher and potentially lead to disaster.

a reply to: Stupidsecrets

The sad part is people who hate Trump want our economy to collapse. They would rather Americans suffer to the point of death just to see him gone.

BS...I have my life invested in this economy. It's trumps trickle down approach, the enormous deficit, and his total lack of diplomatic skills that will ultimately bring the market crashing down and disposable income to totally dry up and kill the small retail business man. Just like trumps tariffs are killing the farmers in the midwest. No place to store the corn and soybeans..now just rotting on the ground with no market.

a reply to: musicismagic

"Good. Maybe we can start making our own # again and it will last longer than a year. Trump.... Always winning."

"You 1 dollar underwear doesn't even last through one wash these days. Total crap. And yet we buy tons of their " fake high quality" clothing."

I seriously think you missed the whole point there...LOL Besides I want to know what the fark are you doing in your underwear to make them last just one day?.

Well no wait, never mind.

a reply to: Willtell

Are you high or drunk?

Which is it? No sane person even thinks what you spew out.