Jkloc420
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it means china is using their currency to create an unfair advantage
Jkloc420
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you are big on china
Jkloc420
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It will be fine
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I like free trade. If you don’t like capitalism you can get out.
Jkloc420
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china dont practice capitalism
Jkloc420
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you also like slave labor, go buy some nikes
It will be fine
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“Treasury's designation of China as a currency manipulator is largely symbolic for now since the U.S. cannot seek formal penalties until it attempts to work out a deal with Beijing. But the move is likely to raise trade tensions between the Trump administration and China, which are already at unprecedented highs.”
Lol, trump is playing Candyland, Xi is playing Go. At best Trump has a 50/50 shot in 2020. Xi will wait at least that long.
Actually what it means is that they do what all credit card companies do.
Credit companies lend at prime + x%. If the prime rate goes up, that is passed on to the card holder so that the company keeps its rate of return.
China has a lot of money invested in the US. So they’re currency is kept at a constant relative to the dollar.
Now the US would prefer that not be the case because over time the money invested by China would become cheaper and cheaper to repay over time due to even minuscule inflation. Now why would China be ok with that?
I’m telling ya, those commies really do capitalism good!
Jkloc420
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Yes china wants a democrat so they can go back to ripping us off. I do agree with you on that.
Jkloc420
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Sinple point is china is losing business, they devalue their currency so countries buy more of their products. They have to keep their slave labor working
It will be fine
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So you’re willing to ride out an economic downturn in hopes Trump will win and China will blink? Do you think both those will happen? If the economy tanks because of Trump’s trade shenanigans do you think voters will reward him?
Jkloc420
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dont matter, you either address china now or you wait until your forced to. at some point you got to deal with them
Jkloc420
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cant bury your head in the sand like obama bush and clinton
Jkloc420
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and by devaluing their currency the products we do get from there will be cheaper
80 inch TV for $39.95?
Jkloc420
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I'll take 2
REITS and Short term bind funds had a good day.
So? I don’t know anyone who puts an item back on the shelf because it came from China.
Jkloc420
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Dont matter, we will be getting tariffs on it and it should be cheaper
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