It's already getting ugly in China.

[ThreeCardMonte]

5 minutes ago, cjinchiangrai said:

I only have one profile. I can't do team trolling like the MAGA  Muppets here.

So anyone who disagrees with you is a troll?

 

Standard Operating Procedure for the leftists.

[cjinchiangrai]

7 minutes ago, ThreeCardMonte said:

So anyone who disagrees with you is a troll?

 

Standard Operating Procedure for the leftists.

Not all, but certainly you.

[ThreeCardMonte]

1 minute ago, cjinchiangrai said:

Not all, but certainly you.

I’’m honored.

 

Is it because:

 

 

 

[cjinchiangrai]

11 minutes ago, ThreeCardMonte said:

I’’m honored.

 

Is it because:

 

 

 

No, it's because I don't use alternative facts.

[jerrymahoney]

4 hours ago, thesetat said:

Your bold show you side with China.

No. My bold only shows that, if China has a condition for any deal that Trump must admit to some 'wrong practices', that is an out for China 'cause Trump never admits a mistake.

 

My posting on this topic shows I side with this:

1.  Plaintiff challenges President Trump’s unlawful use of emergency 
power to impose a tariff on all imports from China. 

[thesetat]

48 minutes ago, jerrymahoney said:

No. My bold only shows that, if China has a condition for any deal that Trump must admit to some 'wrong practices', that is an out for China 'cause Trump never admits a mistake.

 

My posting on this topic shows I side with this:

1.  Plaintiff challenges President Trump’s unlawful use of emergency 
power to impose a tariff on all imports from China. 

but it was not unlawful as I see it. Every president has done it before. What makes it unlawful?

[jerrymahoney]

IEEPA does not contain the word "tariff".

President Trump is attempting to bypass these constraints by invoking
the IEEPA. But in the IEEPA’s almost 50-year history, no previous president has
used it to impose tariffs. Which is not surprising, since the statute does not even
mention tariffs, nor does it say anything else suggesting it authorizes presidents to
tax American citizens.

[ThreeCardMonte]

8 hours ago, cjinchiangrai said:

No, it's because I don't use alternative facts.

Correct.  You use no facts.

[jas007]

12 hours ago, swissie said:

As long as this tariff BS stays in place, future worldwide growth will be stifled. Resulting in a "lost decade", if not worse. Certainly a S&P P/E ratio of 26 will no more be sustainable.

 

"Getting ugly in China"? Under these circumstances it won't be long before things get "ugly" in Europe and the US as well. Worldwide it will get "uglier".

 

Warren Buffet wasn't a buyer recently, he was a seller. A "red flag" was just hoisted.

 

Even if we assume that things will get "ugly" long term because tariffs are not the way to establish a level playing field, that's a discussion for another day.

 

The issue here is what happens with the trade negotiations. What agreement will be reached and how soon?  

 

Some people think Trump is living in a world that no longer exists and that the world's financial and economic center of gravity, so to speak, has shifted, that the US is no longer the dominant player it once was, and that this factor, alone, is determinative of an outcome where China wins and the US has no choice but to fold.  At least that seems to be the theory.

 

Other people think that, despite a changing world, things don't happen quite so quickly. The US dollar is the world reserve currency and will remain so for the near term, at least.  The dollar's importance may eventually fade, but that process will happen over decades, not weeks.  And so?  It's a so-called "race to the bottom" in the currency markets. Trump wants lower interest rates and a weaker dollar. And the Fed will have no choice but to eventually comply. Moreover, most central banks around the world are playing the same game. They may not all act in unison, but eventually, they won't have much choice but to play the game so long as the US Fed keeps printing.  As I've said, that's not a long term solution for the Fed and there is a breaking point, but before that breaking point is reached, there will be a trade deal.

 

After that? Who knows?  For now, they've kicked the can down the road.  That's usually how it works, right? 

 

Take a look at Trump's financial advisors.  They're all from the financial sector.  The path forward shouldn't surprise anyone.   As usual, the people of the world will end up the losers. 

 

 

[ThreeCardMonte]

Should be an interesting weekend in Switzerland.

 

 

[jerrymahoney]

On 5/7/2025 at 7:45 PM, ThreeCardMonte said:

On 5/7/2025 at 12:54 PM, jerrymahoney said:

A suit is underway in Federal Court claiming that the Trump tariff is unlawful under the IEEPA.

As to what if any attention the Chinese are paying to that, I have never seen any reference.
 

One can’t make this shi- up.
A suit by who?

Another leftist nut job or organization.

First it was the POTUS can’t remove illegal alien terrorist gang bangers.

Now he can’t issue tariffs.

 

Another chapter in the lefts LAWFARE 2.0.  1.0 was a failure.

Well it looks like the leftist nut job Cato Institute is signing on as amicus curiae for the case:

 

via AI Gemini

The Cato Institute is a non-profit public policy research organization, often referred to as a think tank, based in Washington, D.C. It's known for its libertarian stance and its advocacy for individual liberty, limited government, free markets, and peace. The institute conducts independent, nonpartisan research and publishes its findings in various formats, including reports, articles, and a blog, and works to engage in public policy debates. 

 

...and the federal district judge on the Pensacola, FL, case is a Trump appointee.

[SMIAI]

Anyone who uses the term 'leftist nutjob' is likely to have a screw loose themselves. It's like they are all signing from the same hymn sheet. Trump says it and they all follow. Sheep. Baaaahhh...

[jerrymahoney]

What ever left wing challenges there are to Trump's executive order shock&awe, this one isn't.

[ThreeCardMonte]

1 hour ago, SMIAI said:

Anyone who uses the term 'leftist nutjob' is likely to have a screw loose themselves. It's like they are all signing from the same hymn sheet. Trump says it and they all follow. Sheep. Baaaahhh...

How original.

 

Have you considered the term “leftist nut job” is used because it’s TRUE.

 

 

[SMIAI]

I consider it original, as I didn't copy it from anywhere, nor anyone else. How about "leftist nutjob"? Original?

The mad Trumpettes can only copy what their dear leader says. They don't have any original thought of their own.

Hence the bleating in unison of the same old themes. Blame Biden is but one. Derangement Syndrome is another. Why is that? Because you are 'sheep'. The evidence is there for all to see.

[FritsSikkink]

On 5/7/2025 at 3:38 AM, Cryingdick said:

The Chinese are hiding their books and protests are breaking out across the country. In one place factory workers even threatened to jump off the factories they work at. It seems the notion that Chinese people relish and even embrace economic misery are not how it is. This is happening after how long? Give it a month and see it play out. I can live with out a new toaster that long.

 

 

https://nypost.com/2025/05/06/world-news/protests-erupt-in-china-as-trumps-steep-tariffs-bite-extremely-anxious/

Yes, it all goes pear shaped, oh wait a minute: China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade

[Xonax]

Stronger-than-forecast trade from China in April 2025. Don't listen to the fake articles online!!

Some workers may be struggeling with their lavish lifestyles, since in certain factories there are no more overtime hours to be paid!

https://think.ing.com/snaps/reports-of-the-death-of-chinese-exports-have-been-greatly-exaggerated/

[Yagoda]

On 5/9/2025 at 4:01 PM, FritsSikkink said:

Yes, it all goes pear shaped, oh wait a minute: China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade

You trust Chinese data right? Statistics coming from an free and open government

 

31 minutes ago, Xonax said:

Stronger-than-forecast trade from China in April 2025. Don't listen to the fake articles online!!

Same. Trusting the Chinese gets you nowhere.