Wall Street dives, ends worst week since 2008, as New York, California impose restrictions

[Cryingdick]

28 minutes ago, Chomper Higgot said:

Don’t worry, the President ‘takes no responsibility at all’.

 

You’ll be fine.

 

I don't care I live in the countryside. I am not even slightly worried. 

[Eric Loh]

40 minutes ago, Nyezhov said:

Here the consequence is going to be a return of industry and supply chains to the United States at the expense of China. Countries like Vietnam, Cambo, plus  South America, Mexico are all going to benefit too. China is going to hurt because you cant run a huge modern country selling flip flops to Cambodia.

Thought a smart dude like you can see that China is not pushing towards globalization but instead cultivate an inward approach to development. Since last 4-5 years, Asia countries are trading more with China than US. It will harder for Western companies to do business in Asia on equal terms with more Chinese companies and the flow of Chinese money and ideas. They can still make flip flops together with making robotics, AI and 5 G. US can also make flip flops with their high wages. 

[Cryingdick]

6 minutes ago, Eric Loh said:

Thought a smart dude like you can see that China is not pushing towards globalization but instead cultivate an inward approach to development. Since last 4-5 years, Asia countries are trading more with China than US. It will harder for Western companies to do business in Asia on equal terms with more Chinese companies and the flow of Chinese money and ideas. They can still make flip flops together with making robotics, AI and 5 G. US can also make flip flops with their high wages. 

 

Inward approach? Belts and roads. China is the biggest parasite in the world right now.

[Nyezhov]

7 minutes ago, Eric Loh said:

Thought a smart dude like you can see that China is not pushing towards globalization but instead cultivate an inward approach to development. Since last 4-5 years, Asia countries are trading more with China than US. It will harder for Western companies to do business in Asia on equal terms with more Chinese companies and the flow of Chinese money and ideas. They can still make flip flops together with making robotics, AI and 5 G. US can also make flip flops with their high wages. 

Cant resist the sarcastic ad hominems can you. Past that, your post is nonsensical.

[Blue Muton]

12 hours ago, Cryingdick said:

 

You realize that China has it even worse and if the USA stops consuming China has nobody to sell to. Let's not even get into the state of Europe. I don't think you will find Xi is laughing about anything. It isn't always this overly simplistic zero sum game of USA bad XI laugh.

 

 

China doesn't need to sell, it can simply call in the $1.1 trillion that the USA owes.

[Cryingdick]

6 minutes ago, Blue Muton said:

China doesn't need to sell, it can simply call in the $1.1 trillion that the USA owes.

And then? That would be the end of China economically. The debt China owns came with terms. It's not like they can dump it all at once. Call it how?

 

If America decided to just ignore the debt what could the Chinese do? 

Edited March 22, 2020 by Cryingdick

[Nyezhov]

4 minutes ago, Cryingdick said:

That would be the end of China economically.

Sucks having a weapon you cant use.

[lannarebirth]

6 minutes ago, Blue Muton said:

China doesn't need to sell, it can simply call in the $1.1 trillion that the USA owes.

You can't call in Treasury bonds. You can sell on the open market though.

[Cryingdick]

7 minutes ago, lannarebirth said:

You can't call in Treasury bonds. You can sell on the open market though.

 

What would happen if the Chinese unleashed hell on the USA and put everything they had on the market? 

[lannarebirth]

Just now, Cryingdick said:

 

What would happen if the Chinese unleashed hell on the USA and put everything they had on the market? 

Rates would go up on the long end of th curve and it could trigger further selling and even higher rates by bondholders looking to lock in gains from this latest bull market in bonds. The whole thing would be pretty short lived though. If rates spike 3 to 5 points one should be an aggressive buyer IMO. Can't see it happening though. 

[lannarebirth]

1 minute ago, lannarebirth said:

Rates would go up on the long end of th curve and it could trigger further selling and even higher rates by bondholders looking to lock in gains from this latest bull market in bonds. The whole thing would be pretty short lived though. If rates spike 3 to 5 points one should be an aggressive buyer IMO. Can't see it happening though. 

 

Or they could engage in a series of off market transactions with sovereign funds or large wealth funds at a predetermined price so as not to roil the market.

[sukhumvitneon]

44 minutes ago, Eric Loh said:

Thought a smart dude like you can see that China is not pushing towards globalization but instead cultivate an inward approach to development. Since last 4-5 years, Asia countries are trading more with China than US. It will harder for Western companies to do business in Asia on equal terms with more Chinese companies and the flow of Chinese money and ideas. They can still make flip flops together with making robotics, AI and 5 G. US can also make flip flops with their high wages. 

lmao.  China needs the US more than the other way around and that's always been the case since the 90s.  There's so many Chinese students in western unis because they couldn't hack the gaokao

[Cryingdick]

6 minutes ago, lannarebirth said:

 

Or they could engage in a series of off market transactions with sovereign funds or large wealth funds at a predetermined price so as not to roil the market.

 

Should I be afraid?

 

[lannarebirth]

1 minute ago, Cryingdick said:

 

Should I be afraid?

 

 

Nah.

[Cryingdick]

3 minutes ago, lannarebirth said:

 

Nah.

 

I would give you a bottle of water and a complete roll of TP. Thanks mom!

[Neeranam]

 

Ripple and XRP can solve the remittance costs that are needed to help solve this Global Challenge. Secretary General of the UN gave his clear message the leaders of the G20, which is holding an emergency meeting next week, and that is remittance costs must go as close to Zero as possible.

 

 

[Cryingdick]

Just now, Neeranam said:

 

Ripple and XRP can solve the remittance costs that are needed to help solve this Global Challenge. Secretary General of the UN gave his clear message the leaders of the G20, which is holding an emergency meeting next week, and that is remittance costs must go as close to Zero as possible.

 

 

 

That's one opinion. 

[Chomper Higgot]

1 hour ago, Cryingdick said:

 

I don't care I live in the countryside. I am not even slightly worried. 

Which sheds a great deal of light on the comments you make regarding people who live in town and cities.

 

 

Stay lucky.

[Cryingdick]

2 minutes ago, Chomper Higgot said:

Which sheds a great deal of light on the comments you make regarding people who live in town and cities.

 

 

Stay lucky.

Staying away from densely populated areas should keep me lucky.

[Brickbat]

Necessity is the mother of all Inventions. I think China will come out stronger. And stocks with low debt, good biz models and hammered purely from the emotional carnage , Will all be back to their current highs within 2 years. No need to look for spectacular winners. There's plenty of good stocks knocked for a six now. Start nibbling.