Righhhhhht ..."trade deal with China is very close" yepppp sure it is.

Discussion in 'Economics' started by S2007S, Nov 22, 2019.

  1. S2007S

    S2007S

    More fake friday news to enjoy this holiday season.


    Trump says trade deal with China is ‘very close’
    PUBLISHED FRI, NOV 22 20198:47 AM EST

    Kevin Breuninger@KEVINWILLIAMB




    KEY POINTS
    • President Donald Trump on Friday said that a long-negotiated trade deal with China is “very close.”
    • Trump was speaking on one of his favorite television programs, “Fox and Friends,” the morning after House Democrats wrapped up a second week of public impeachment hearings.




    https://www.cnbc.com/2019/11/22/trump-says-trade-deal-with-china-is-very-close.html
     
  2. maxinger

    maxinger

    This is not fake news.

    This is ONE SIDED NEWS !

    Later there might be news saying trade deal with China is ' very far '.

    News reporters must do a much better job and present views from various sides.
     
    Last edited: Nov 22, 2019
  3. smallfil

    smallfil

    This is a baby step. Does not really matter that much because whether China signs it or not on very minor issues, the harder issues will be in the 2nd phase. US wins by default if China continues to play its silly games. Watch for 50% tariffs on ALL Chinese goods. Probably, there is a 95% chance of that happening versus the Chinese signing that Phase 1 deal. A deal cannot be signed when the other side (China) does not want to sign it. I would rather tariffs be raised to 50% then, China's economy gets destroyed permanently. US can decouple from China and buy its goods from other Asian countries. Very easy to do. If the Chinese do not want a 50/50 fair trade deal, they can have a 100% US win. Take it or leave it!
     
    volpri and dozu888 like this.
  4. imjohn

    imjohn

    Last edited: Nov 22, 2019
  5. the phase 1 of the phase 1 deal is indeed close
     
  6. vanzandt

    vanzandt

    Why have a trade deal when you can just Tweet something about it "being very close" or "incredible progress is being made" once or twice a week that results in a perpetual and unending market rise?


    CNBC: Larry, we know you spoke with Beijing, what are the Chinese saying?"

    Kudlow: "They've agreed to meet at Mar-a-Lago in January.

    S&P:
    upload_2019-11-22_14-36-59.png


    So where would we be if Trump hadn't started all this 2 years ago...? At least 30K on the Dow right? Maybe more? What's the endgame here? The trade war ends and we climb another 20% on air?
    ... We're goin' down.
    A blind man can see it coming. Its a joke.
     
    Overnight and destriero like this.
  7. vanzandt

    vanzandt


    "But what you're missing here VZ is that once the deal is settled, companies will have renewed confidence in the future and massive capital expenditures will start up again."

    Uh-huh, yeah that'll happen. Especially in what's going to be the most contentious election year of all time... with each of the 20 plus Dem candidates crowing about jacking the corporate tax rate north of where it was when Trump took over in the first place.
    To the moon!
    Buy buy buy!
     
  8. dozu888

    dozu888

    there is no rush right? who is under more pressure? just compare SPY to ASHR.
     
  9. vanzandt

    vanzandt

    ASHR is up 28.6% YTD. Spy is up 27%.
    Your point?
     
  10. dozu888

    dozu888

    try starting from March 2018 when the trade war started..

    also check USDRMB since March 2018
     
    #10     Nov 22, 2019