Are trade wars good and easy to win?
- Thread starter reedak
- Start date
GLADLY!!! (of ROCK SOLID talk, that is!)
My great friend, you are behaving more and more like your cult leader, trying to bluff all the way as you walk across the wet pool with your cult leader – wet, from the standpoint of water.
You claimed: "The Market is up massively today & up 38% since TRUMP ELECTION DAY."
However, I see nothing of that sort from the chart.
Please don’t assume all readers in this forum know nothing about mathematics.
(a) How do you calculate to get an increase of 38% from the chart?
(b) Lastly, cite the link or the website from which you get this chart?
Has EVERYTHING to do with interest rates, NOTHING to do with trade.
The market is expected to hit new record highs before the end of the year.
1. My great friend, you have to eat your words now.
Dominic Rushe is business editor for Guardian US. He was part of the Guardian team that won the 2014 Pulitzer prize for public service journalism. The following are excerpts from his 20 November 2018 news report under the headline "US stock markets continue to fall, erasing 2018 gains" with the subheading "Technology stocks slid again and fears of a trade war with China worried investors".
(Begin excerpts)
US stock markets continued to fall on Tuesday, wiping out all of 2018’s gains as a side in technology stocks grew into a wider selloff and fears of a trade war with China worried investors.
The Dow Jones Industrial Average lost 555 points in New York, a slide of 2.2% and the Nasdaq, home to Amazon, Facebook and many other tech giants, was down another 1.7% following sharper falls on Monday.
The leading tech companies have now lost a combined $1trn in value since their year highs.
But what started as a sell-off of high-flying tech companies spread on Tuesday as the oil price tumbled and investors sold investments in retailers, energy companies and bitcoin. US markets rallied briefly but have now erased all the gains they have made this year.
Analysts said there were likely to be more wild swings to come. “I don’t think Santa Claus is going to waltz in and give us a rally for Christmas,” said Michael Antonelli, managing director of institutional sales trading at Robert W Baird in Milwaukee.
....stock markets are often a leading indicator of economic trends and investors see trouble ahead.
“Many of the metrics are already at the extremes,” said Jack Ablin, chief investment officer of Cresset Capital. “In many respects we are at the North Pole. No matter what step we take it’s going to be south.”....
Investors have been “throwing growth stocks and tech in the trash”, said Antonelli. “It’s not that there is new news. It’s tension and nervousness."... (End excerpts)
Source: https://www.theguardian.com/business/2018/nov/20/us-stock-markets-continue-fall-erasing-2018-gains
2. Meanwhile Cryptocurrencies continued to fall on November 20, 2018. Bitcoin, the big daddy of cryptos, had been trading at $4,444, a price last seen in October last year. By the way, 4 and the word "die" have the same pronunciation in Mandarin and some southern Chinese dialects. Hence 4444 sounds like "Die! Die! Die! Die!"
P.S. In his constant braggadocio on March 2, 2018, Donald Trump tweeted that "trade wars are good, and easy to win". He has to eat his words too.
https://www.ofwealth.com/huge-corporate-debts-finally-worrying-stocks/
https://money.cnn.com/data/markets/dow/
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