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25 July 2018

Comments

Don Bessee

While there is a way to go the EU's trade collusion will be followed by Japan and the Chi Coms will be on the outside looking in! Sweet!

If second-quarter GDP growth tops 5.2% — not at all impossible, given the data that’ve come in — it would be the strongest number since the third quarter of 2003.

https://www.marketwatch.com/story/get-ready-for-the-gdp-hot-takes-2018-07-25

;-)

Ricky McVeigh

George, from my freshwater perch the data are still out in the drywall business. My offshore competitors are killing me. I will need a relief package until this ship rights itself.
https://m.youtube.com/watch?v=K37G2j0K8BA

scenes

https://pjmedia.com/rogerlsimon/trumps-deal-with-the-eu-is-democrat-nightmare/

"M"

...there is only a 100-200 basis point difference between US and EU tariffs...So, in contrast to trumpski usual bluster, antics and drama there is no trade imbalance. More lies from trumpski!!!

,,,the EU will buy natural gas from the US whenever LNG ports are up and running - don't hold your breath,,,

,,,we will still see BMWs and Mercedes on the streets of Manhattan even though trumpski hates seeing them,,,

,,,the EU will buy soybeans if and when the price is right,,,

scenes

re: "M"7:54AM

English MF, Do You Speak It?

James Woods has some advice for you.

https://i.redd.it/zdyjps5s1ac11.png

fish

Part of dugskis problem....


”I am beset with a brain that comes up with outside-the-box observations, and ideas about improving things, and, if I have a "mission" in life, it is to share these, which typically show up after a good night's sleep.”


Hedley Lamar like delusions of grandeur!

https://m.youtube.com/watch?v=37v-6Zs5T10

"M"

,,,scenes,,,,what are you crying about now??? Your air conditioner broke down???

I found a photo of a typical trumpski supporter,,,

https://i1.wp.com/www.threearts.org/wp-content/uploads/2015/02/Face-slimmer-1.jpg?resize=585%2C390

George Rebane

RickyM 1233am - Ricky, I think we'd all be interested to read how offshore competitors are "killing" your drywall hanging business.

"M"

,,,here you go trumpksi sheeple,,,

https://tradingeconomics.com/united-states/balance-of-trade
https://tradingeconomics.com/united-states/balance-of-trade

fish

Posted by: "M" | 26 July 2018 at 09:08 AM

Yep.....dugskis, “I haven’t had a blowjob in 30 years” fantasy’s intruding on daily life! At your age I’m not sure you have the requisite flexibility to make the device work though.

Pics or it didn’t happen!

George Rebane

M and fish - I see you guys have run out of brains, and have now decided to reveal your hidden talents. Cut that shit out, or we're going to miss you around here.

"M"

,,,thanks George,,,actually it is scenes and fish that are obsessing about anything below the belt,,,it gets so predictable after a while,,,

,,,my first thoughts on this thread were made in all seriousness,,,

,,,but when the going gets tough, the usual suspects go low,,,

fish

Posted by: George Rebane | 26 July 2018 at 09:42 AM

Just responded to items introduced into evidence by, as aptly described by Gregory a feces flinging Scotsman!

Don Bessee

The other end of the trade spectrum are the crumbling mullahs -

The mullahs are now deeply perplexed. A state of total confusion has persisted ever since United States withdrew from the nuclear deal. Attempts to bully the EU into filling the financial void created by renewed U.S. sanctions are doomed to fail, as European companies realize that they would lose $1,000 in American business for every $1 dollar they earn in contracts with the Iranian regime.

Horrified at the thought of conceding to U.S. demands, the theocratic regime has resorted to issuing threats, in the hope that their bellicose rhetoric will deflect attention from their collapsing economy and mass protests that have rocked the country for more than seven months. With their finances drained by venal corruption and by the cost of funding proxy wars in Syria, Yemen, Libya and Iraq, the mullahs know that their medieval theocracy is facing its final curtain. Their public beating and humiliation in Syria by the Israelis may prove to be the last straw.

https://www.upi.com/Top_News/Voices/2018/07/25/America-steps-on-the-Iranian-lions-tail/8891532519639/

;-)

Bill Tozer

Fair trade is better

Through this latest deal, Trump has deftly set pieces in place and strengthened his hand, effectively ratcheting up pressure on China to come to the negotiation table. There are also positive signs coming out of Mexico as the newly elected president’s chief trade negotiator, Jesus Seade, indicated on Tuesday that Mexico is open to a new deal: “What I see … to be a very feasible expectation is that we’ll be concluding negotiation in the next two months if possible, or in the next few months a bit further down the road.” He added, “President Trump has a very personal style. He likes to appear chaotic. But the last thing he is is chaotic. I think he’s a very intelligent man.”

Clearly, Trump’s tariff gamble is paying off, and despite wide criticism from both sides of the political aisle, he has steadily maintained the course and is starting to get the results he has been after the whole time — a fair and level playing field for American workers and businesses. Trump’s moves to achieve fair and free trade are actually reminiscent of Ronald Reagan’s strategy to force the Soviet Union to the negotiation table via a nuclear arms race — seemingly counterintuitive but effective.

https://patriotpost.us/articles/57354-trump-is-getting-desired-results-from-tariffs

No surprise here. Trump on trade has not changed much (if at all) since the days everyone was saying Japan was going to overtake us as the world’s largest economic power. And the icecaps would be gone by 2013. War of 1812? No mystery here.

https://m.youtube.com/watch?v=SEPs17_AkTI

Yep, that be Trump

Don Bessee

How the world is viewing it -

Writing in the Financial Times, Leonard reports that on a recent trip to China many of those he spoke to said “that Mr Trump is the US first president for more than 40 years to bash China on three fronts simultaneously: trade, military and ideology.”

The Chinese see Trump as rejecting the idea that U.S. leaders should be managing the relative decline of the U.S.

They think Mr Trump feels he is presiding over the relative decline of his great nation. It is not that the current order does not benefit the US. The problem is that it benefits others more in relative terms. To make things worse the US is investing billions of dollars and a fair amount of blood in supporting the very alliances and international institutions that are constraining America and facilitating China’s rise.

In Chinese eyes, Mr Trump’s response is a form of “creative destruction”. He is systematically destroying the existing institutions — from the World Trade Organization and the North American Free Trade Agreement to Nato and the Iran nuclear deal — as a first step towards renegotiating the world order on terms more favourable to Washington. Once the order is destroyed, the Chinese elite believes, Mr Trump will move to stage two: renegotiating America’s relationship with other powers. Because the US is still the most powerful country in the world, it will be able to negotiate with other countries from a position of strength if it deals with them one at a time rather than through multilateral institutions that empower the weak at the expense of the strong.
Leonard goes on to say that while China is taking a tough stance in its conflict with the U.S. now, “many Chinese” think that their leaders should rethink the strategy. Instead of confronting the U.S. and seeking to build an anti-U.S. coalition, China should “prepare the ground for a new grand bargain with the US based on Chinese retrenchment.”

https://www.breitbart.com/big-government/2018/07/26/report-chinese-are-awed-by-trumps-skill-as-a-strategist-and-tactician/

;-)

fish

Posted by: "M" | 26 July 2018 at 09:59 AM

,,,my first thoughts on this thread were made in all seriousness,,-

Then we should rest easy......progressives are doomed!

scenes

re: DonB@12:45PM

No doubt they are nonplussed by an American head of state who thinks in terms of what actually benefits the USA. ¡Qué Milagro!

The fact that he has to drag half the country kicking and screaming is unfortunate, but there you have it.

The problem with depending on a genius to get shit done is that they aren't infallible and won't always be there. We need a system that promotes patriots, not a system that hopes that a patriot stops by for a while.

Don Bessee

Any predictions for the GDP number tomorrow? A range perhaps. What does that eminent economist the po' ol' fakenewsman project?

;-)

"M"

,,,2nd QTR GDP 3-4%

Don Bessee

Ya don't say -

ASHINGTON (Reuters) - The U.S. administration got more out of a trade deal with the European Union than it had expected and the two will work together to deal with China's market abuses

https://www.yahoo.com/finance/news/trade-deal-eu-trade-greater-213129232.html

;-)

"M"

,,,here you go donnie,,,

https://www.youtube.com/watch?time_continue=36&v=r4jQoREa7C0

Don Bessee

Hell ya! Show then who the big dog is, cut a deal and then make it a big pack to hunt the weak one, China!!

Virtually all advanced nations have the same complaints about China: It forces foreign firms to turn over key technology as a condition of doing business in the country. It copies or steals trade secrets belonging to foreign firms. And it subsidizes giant companies that produce steel, aluminum and other commodities, allowing them to undercut foreign rivals on price, gobble up market share and drive foreign competition out of business.

Trump has tried to address those problems, mostly by slapping tariffs on Chinese imports and insisting that China reduce its trade surplus with the United States. Most trade experts say that won’t work. But joining with allies and pressuring China together could work, they say. And the place to start is at the World Trade Organization

https://www.yahoo.com/finance/news/trump-europe-teaming-china-trade-215121314.html

;-)

George Rebane

DonB 642pm - Thank you Mr Bessee, that was a major point of my post about Trump's breaking the logjam with the only tool he had.

Don Bessee

God Bless the whole Trump team for this, we all know people who care, this matters.

https://www.breitbart.com/news/aircraft-carrying-remains-of-us-korean-war-dead-departs-n-korea-wh/

Now is a time to take a knee for their relived decedents and them getting the final rights they earned. God Bless them one and all.


Don Bessee

Mercury in retrograde @ 755?

Don Bessee

This is what can happen when you have groupthink and the thought police, a good lesson for us -

But the U.S. was not convinced, imposing 25 percent duties on U.S. $34 billion of Chinese products from July 6 — prompting Beijing to do the same. Washington now plans to apply 10 percent tariffs on another U.S. $200 billion of Chinese goods, and Trump has said he is ready to put duties on every import from China.

“They [the Chinese leadership and researchers] didn’t realise how bad the sentiment here is getting. They thought Trump was just bluffing and they still think like that,” according to a former U.S. policy adviser, speaking on condition of anonymity.

“They say this is about the midterm elections and things will change after that. They are totally wrong and they totally misread the situation. I feel partly this is because they have become more insulated, and partly because nobody dares to tell Beijing that they are wrong.”
VICTIM OF ITS OWN POLICY?

Sources and observers told the South China Morning Post that the problem is policies introduced by Beijing — driven by a need to consolidate the party’s power — that have discouraged policy advisers from having in-depth discussions with their U.S. counterparts that would help them to understand the latest thinking in Washington, or from speaking their minds.

At the same time, Beijing is tightening ideological control in all aspects of life, including on university campuses, and demanding that the party line be strictly adhered to. Any unauthorized discussion of government policies can result in a reprimand for “improper discussion of a party directive”.

“It’s more difficult to know what they are thinking as they are just repeating the government and party rhetoric,” the former official said. “This will lead to a higher risk of wrong decisions, even fatal mistakes.”

An overreliance on traditional back-door channels is compounding the situation. According to the former U.S. policy adviser, Beijing relies too much on the Wall Street and political elite, including Henry Paulson and Henry Kissinger, to understand US politics — people who do not have any influence over Trump.

“Trump doesn’t listen to them or talk to them. I think the Chinese leadership underestimated the situation,” the former adviser said.

https://www.politico.com/story/2018/07/26/did-china-think-donald-trump-was-bluffing-on-trade-how-beijing-got-it-wrong-713053

;-)

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