foregoneconclusion

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foregoneconclusion
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  • China calls Trump's trade war a joke, jumps tariffs on U.S. goods to 125%

    foregoneconclusionforegoneconclusion
    DAalseth said:
    mike_galloway said:

    When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually. 

    The bond markets are the real king here and will determine the outcome of this farce.

    I’ve thought for at least 20 years that all China has to do is call in even a good fraction of the US debt they own and it would be all over for the US. 
    China currently hold about $700-$800 billion in U.S. debt. The GOP did a $2 trillion tax cut in 2017 that was not offset. And they want to make that cut permanent while adding another $2-4 trillion in cuts on top of it that won't be offset either. So China dumping all of their bonds is a drop in the bucket for debt relative to GOP tax cuts. 
    tiredskillsronnwatto_cobra

  • China calls Trump's trade war a joke, jumps tariffs on U.S. goods to 125%

    foregoneconclusionforegoneconclusion

    "When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually. 

    The bond markets are the real king here and will determine the outcome of this farce."

    China does not hold a “huge proportion” of U.S. debt. The vast majority of U.S. debt is held by the United States itself. Example: the U.S. treasury holds more bonds than all foreign countries combined.

    williamlondonmuthuk_vanalingamtiredskillswatto_cobra

  • AAPL crumble: stock hit again, as White House clarifies 145% China tariff rate

    foregoneconclusionforegoneconclusion
    retrogusto said: If left in place, the tariffs would cause very sharp increases in all kinds of things, and it would be hard to blame it on anything other than the tariffs. 
    One of the explanations that the Trump administration is currently trying out is to claim that Trump inherited a "depression" from Biden. Stephen Miller made that statement while appearing on Fox News. 
    retrogustowatto_cobra

  • Trump blinks: Floats suggestion that Apple might get a tariff exemption

    foregoneconclusionforegoneconclusion
    So many misconceptions about manufacturing in the United States. FYI: the manufacturing output of the United States has more than doubled since the 1980s. But there are 1/3 as many jobs in manufacturing as there were in the 1980s. Why? Automation. That's the real issue when it comes to manufacturing jobs. The United States focuses on manufacturing that is heavily automated. 

    Also, companies didn't move the non-automated manufacturing out of the country due to U.S. workers being too expensive. They did it because the lower wage workers in other countries created higher profit levels. It was profit motivated and not viability motivated. 
    muthuk_vanalingamdanoxDAalsethsphericwatto_cobra

  • Apple stock rocked for fourth day, despite brief signs of recovery

    foregoneconclusionforegoneconclusion
    Trump claimed that the renegotiated trade deals with China, Mexico and Canada in his 1st term were great and historic. Then he declared that trade with China, Mexico and Canada was a national economic emergency in his 2nd term. It's all complete nonsense. He just makes it up as he goes along and literally doesn't care if it hurts people. 
    ssfe11JFC_PAMisterKitnubusGraeme000