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Post by happyhoya1979 on Aug 25, 2019 10:14:03 GMT -5
step 4 China exports roughly ten times as much product to the US as the US does to China and has a smaller economy. The us tariffs have a greater impact in China which leads to high unemployment, slower growth and maybe even civil unrest for the Chinese Communist party. China's tariffs which are multiples higher than the US tariffs apply to a much smaller pool of goods. Step 5 China comes back to the table Step 6 Trade deal is consumated reducing tariffs Step 7 the US wins
The US has all the cards save the joker card that comes from the second floor of the Eccles Building in Downtown Washington-if you catch my drift.
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Post by happyhoya1979 on Aug 25, 2019 10:20:00 GMT -5
and as to my self awareness-I plead guilty to being an elitist with Georgetown and Ivy League graduate degrees who has driven non-Volkswagen made German cars. Gulity as charged.
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Post by badgerhoya on Aug 25, 2019 10:50:16 GMT -5
[ Second, I understand he has a “strategy”... but it’s about as well thought through as the classic Simpsons trope: Step 1: Raise tariffs Step 2: ?? Step 3: Profit! I thought the Underpants gnomes were South Park - or did the Simpsons already do it? Man - you’re so right. That’s my memory going.
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Post by badgerhoya on Aug 25, 2019 10:53:22 GMT -5
step 4 China exports roughly ten times as much product to the US as the US does to China and has a smaller economy. The us tariffs have a greater impact in China which leads to high unemployment, slower growth and maybe even civil unrest for the Chinese Communist party. China's tariffs which are multiples higher than the US tariffs apply to a much smaller pool of goods. Step 5 China comes back to the table Step 6 Trade deal is consumated reducing tariffs Step 7 the US wins The US has all the cards save the joker card that comes from the second floor of the Eccles Building in Downtown Washington-if you catch my drift. And yet you still have it being run by Captain Distraction, who goes from saying he has second thoughts about the tariffs to then saying “and by second thoughts, I meant “Raaaawwwwrrrrr more tariffs!!!!” I rest my case.
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EtomicB
Blue & Gray (over 10,000 posts)
Posts: 14,861
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Post by EtomicB on Aug 25, 2019 11:23:21 GMT -5
Hmmmm, why am I not surprised... www.washingtonpost.com/politics/trumps-company-could-save-millions-if-interest-rates-fall-as-he-demands/2019/08/24/5e5df684-c5a9-11e9-b5e4-54aa56d5b7ce_story.htmlIn the five years before he became president, Trump borrowed more than $360 million via four loans from Deutsche Bank for his hotels in Washington, D.C., and Chicago, as well his 643-room Doral golf resort in South Florida.
The payments on all four properties vary with interest rate changes, according to Trump’s official financial disclosures. That means he has already benefited from falling interest rates that were spurred in part by a cut the Federal Reserve announced in July, the first in more than a decade — and his payments could drop by millions of dollars more annually if the central bank grants Trump’s wish and further lowers short-term rates, experts said.
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Post by happyhoya1979 on Aug 25, 2019 11:33:25 GMT -5
and one of my best friends has two mortgages and 2 kids in college and could see his interest payments drop as well. (Ironically and maybe even amusingly given his finances, his politics are actually left-wing and his wife hates Trump seeing him as the greatest misogynist in history).
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Post by happyhoya1979 on Aug 25, 2019 11:45:08 GMT -5
step 4 China exports roughly ten times as much product to the US as the US does to China and has a smaller economy. The us tariffs have a greater impact in China which leads to high unemployment, slower growth and maybe even civil unrest for the Chinese Communist party. China's tariffs which are multiples higher than the US tariffs apply to a much smaller pool of goods. Step 5 China comes back to the table Step 6 Trade deal is consumated reducing tariffs Step 7 the US wins The US has all the cards save the joker card that comes from the second floor of the Eccles Building in Downtown Washington-if you catch my drift. Truly, the only thing that prolongs this positive scenario from playing out quickly is China being able to play the currency card because of Powell's dithering and reactive stance at the FED. If, Powell had, as Peter Navarro put it, "America's back", this whole thing would be happily over.
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prhoya
Blue & Gray (over 10,000 posts)
Posts: 23,264
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Post by prhoya on Aug 25, 2019 14:12:33 GMT -5
Truly, the only thing that prolongs this positive scenario from playing out quickly is China being able to play the currency card because of Powell's dithering and reactive stance at the FED. If, Powell had, as Peter Navarro put it, "America's back", this whole thing would be happily over. Was he on Fox News this morning?
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Post by happyhoya1979 on Aug 25, 2019 15:12:24 GMT -5
haven't the foggiest idea. I was swimming laps during the Chris Wallace show.
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Post by flyoverhoya on Aug 27, 2019 15:01:14 GMT -5
Hmmmm, why am I not surprised... www.washingtonpost.com/politics/trumps-company-could-save-millions-if-interest-rates-fall-as-he-demands/2019/08/24/5e5df684-c5a9-11e9-b5e4-54aa56d5b7ce_story.htmlIn the five years before he became president, Trump borrowed more than $360 million via four loans from Deutsche Bank for his hotels in Washington, D.C., and Chicago, as well his 643-room Doral golf resort in South Florida.
The payments on all four properties vary with interest rate changes, according to Trump’s official financial disclosures. That means he has already benefited from falling interest rates that were spurred in part by a cut the Federal Reserve announced in July, the first in more than a decade — and his payments could drop by millions of dollars more annually if the central bank grants Trump’s wish and further lowers short-term rates, experts said.It's one big grift. I'll bet it you tracked Trump family and friends' stock market trades by tirade, you'd find all sorts of patterns.
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Deleted
Deleted Member
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Post by Deleted on Aug 29, 2019 13:03:26 GMT -5
Trump's awesome plans on full display:
Monday:
Today:
Trump made up those 'high-level' Chinese trade-talk calls to boost markets, aides admit
On Monday morning, President Trump told reporters in Biarritz, France, that "China called last night" and said they want to resume trade talks, later elaborating that two "high-level" Chinese officials had called to try and restart stalled negotiations. He turned to Treasury Secretary Steven Mnuchin for backup, and Mnuchin said there had been "communication," later amending it to "communications."
Well, "aides privately conceded the phone calls Trump described didn't happen the way he said they did," CNN reported Wednesday. "Instead, two officials said Trump was eager to project optimism that might boost markets, and conflated comments from China's vice premier with direct communication from the Chinese."
Trump is agitated, CNN reports, because "the economy is flashing warning signs Trump didn't expect, his trade war with China is dragging on months longer than expected yet he refuses to give in," and he's "spinning to find victories to sell to voters." The voters may be fooled — China apparently isn't. Peter Weber
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Post by happyhoya1979 on Aug 29, 2019 13:32:52 GMT -5
Another unsourced story. Does anyone in the media ever, ever go on the record when it involves Trump?
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Deleted
Deleted Member
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Post by Deleted on Aug 29, 2019 13:38:50 GMT -5
Another unsourced story. Does anyone in the media ever, ever go on the record when it involves Trump? LOL... Trump said they called. China said they didn't. Trump lies all day every day. Who do you believe? Trump has every reason to lie, they do not. You know if these aides went on record they would lose their jobs. It's pretty absurd to ask them to. All evidence points to him lying, but you know whatever makes you feel better..
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Post by happyhoya1979 on Aug 29, 2019 13:41:25 GMT -5
Show me a name and we can believe it.
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Deleted
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Post by Deleted on Aug 29, 2019 13:42:38 GMT -5
Show me a name and we can believe it. What would be his reason to lie? Why didn't Mnuchin say when asked to back him up, "Yes, there have been calls". The ONLY person saying this happened is a compulsive liar. Occams razor.
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Post by happyhoya1979 on Aug 29, 2019 13:48:08 GMT -5
He has no information, He neither confirms or denies so what is the point?
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Deleted
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Post by Deleted on Aug 29, 2019 13:55:49 GMT -5
He has no information, He neither confirms or denies so what is the point? He's President Xi's official spokesperson HH79. He's in a position to know. It's basically a nice way of saying Trump is lying without explicitly calling him a liar. Would you describe Trump as an honest person? Why didn't Mnuchin confirm what the President said when asked? Occams Razor.
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EtomicB
Blue & Gray (over 10,000 posts)
Posts: 14,861
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Post by EtomicB on Aug 29, 2019 15:41:46 GMT -5
Another unsourced story. Does anyone in the media ever, ever go on the record when it involves Trump? Whoa, this post coming from Mr. Pot himself is very interesting...
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Deleted
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Post by Deleted on Aug 30, 2019 11:03:17 GMT -5
George Conway: What this describes is, quite literally, market manipulation that constitutes criminal violations of the Securities Exchange Act of 1934:
Trump's is a compulsive liar, and for their part his supporters seem more than willing to accept those lies despite all evidence to the contrary... See above...
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Post by happyhoya1979 on Aug 30, 2019 19:09:25 GMT -5
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