DJIA takes another 500 point dump 40 minutes after open - Thanks Trump

[DrLove]

INDEXDJX: .DJI - Apr 4, 9:41 AM EDT
23,591.48 -441.88 (1.84%)

Mostly China and Donald's stupid trade war, but also he's attacking the UN again, doubling down on his Jeff Bezos/ Amazon/ USPS lie, cabinet churn continues, threatens to pull out of Syria/ hand it back to ISIS, wants to put troops on the border, and he's still chummy with Putin.

Markets hate uncertainty - and they are starting to hate this president.

Dow plunges more than 350 points on trade war fears after China retaliates to US tariffs

 

[rightwinger]

Looks like Donnie Dealmaker made another deal

 

[shockedcanadian]

There are far greater issues here than their stock index. China has intentions of ruling the world, and being militarily superior.

Don't take for granted American successes in former wars or your individual security, you could just as easily be defeated by such a profound threat as that which China poses. The greatest threat in the history of America.

 

[DrLove]

Looks like Donnie Dealmaker made another deal

Yep - 90% of economists predicted what would happen to perfection. This China thing is some sort of a tick that's been eating away at this Toxic Orange Turd for the last 30 years and it shows no signs of diminishing as he becomes more unhinged with each passing day.

The longer McConnell, Ryan and the rest of them enable this behavior, the worse things are going to get for Americans and our allies.

 

[TheOldSchool]

There are far greater issues here than their stock index. China has intentions of ruling the world, and being militarily superior.

Don't take for granted American successes in former wars or your individual security, you could just as easily be defeated by such a profound threat as that which China poses. The greatest threat in the history of America.

Listen everyone, China giving us fantastic prices for goods is the single greatest threat in the history of the planet Earth. We MUST get them to start overcharging us, or China will rule the world!

 

[DrLove]

There are far greater issues here than their stock index. China has intentions of ruling the world, and being militarily superior.

Don't take for granted American successes in former wars or your individual security, you could just as easily be defeated by such a profound threat as that which China poses. The greatest threat in the history of America.

Trump has ceded our leadership position in the world to China. His big beautiful, stupid medieval wall is eating at his soul. Now troops on the borders?

Tuck Frump

 

[Mikeoxenormous]

There are far greater issues here than their stock index. China has intentions of ruling the world, and being militarily superior.

Don't take for granted American successes in former wars or your individual security, you could just as easily be defeated by such a profound threat as that which China poses. The greatest threat in the history of America.

You would think the liberals would be jumping for joy(or betty, or dawn) with such bad economic news. Shame that 3 years ago, when Obama was dealing with the TPP deal with China, he really fucked the US, but then the Fundamental Transformation was what he hoped to achieve. Now we are going to have to have some PAIN, in correcting what that traitorous faggot did to US.

Why is Obama Pushing the TPP? – BillMoyers.com

Why is Obama Pushing the TPP?
We explore some theories on why the president continues to back a deal that his own party has largely turned its back on.

 

[TheOldSchool]

There are far greater issues here than their stock index. China has intentions of ruling the world, and being militarily superior.

Don't take for granted American successes in former wars or your individual security, you could just as easily be defeated by such a profound threat as that which China poses. The greatest threat in the history of America.

You would think the liberals would be jumping for joy(or betty, or dawn) with such bad economic news. Shame that 3 years ago, when Obama was dealing with the TPP deal with China, he really fucked the US, but then the Fundamental Transformation was what he hoped to achieve. Now we are going to have to have some PAIN, in correcting what that traitorous faggot did to US.

Why is Obama Pushing the TPP? – BillMoyers.com

Why is Obama Pushing the TPP?
We explore some theories on why the president continues to back a deal that his own party has largely turned its back on.

^ retard thinks TPP passed

 

[shockedcanadian]

There are far greater issues here than their stock index. China has intentions of ruling the world, and being militarily superior.

Don't take for granted American successes in former wars or your individual security, you could just as easily be defeated by such a profound threat as that which China poses. The greatest threat in the history of America.

You would think the liberals would be jumping for joy(or betty, or dawn) with such bad economic news. Shame that 3 years ago, when Obama was dealing with the TPP deal with China, he really fucked the US, but then the Fundamental Transformation was what he hoped to achieve. Now we are going to have to have some PAIN, in correcting what that traitorous faggot did to US.

Why is Obama Pushing the TPP? – BillMoyers.com

Why is Obama Pushing the TPP?
We explore some theories on why the president continues to back a deal that his own party has largely turned its back on.

Actually, China is not a part of TPP.

 

[DrLove]

Listen everyone, China giving us fantastic prices for goods is the single greatest threat in the history of the planet Earth. We MUST get them to start overcharging us, or China will rule the world!

Donald's stupid trade war is hitting the counties HE WON the hardest.

Notice that wineries are the lone segment that hits Hillary counties -- What an idiot

 

[Pogo]

Looks like Donnie Dealmaker made another deal

.Looks like Dow Jones has blood coming out of its wherever.

 

[DrLove]

Looks like Donnie Dealmaker made another deal

.Looks like Dow Jones has blood coming out of his wherever.

Meanwhile we need TWO lousy Republicans in the Senate to grow a spine and stand up to this Dotard.

Their decision

 

[Pogo]

There are far greater issues here than their stock index. China has intentions of ruling the world, and being militarily superior.

Don't take for granted American successes in former wars or your individual security, you could just as easily be defeated by such a profound threat as that which China poses. The greatest threat in the history of America.

You would think the liberals would be jumping for joy(or betty, or dawn) with such bad economic news.

Hey, I like markets that weren't toppled, OK?

 

[OldLady]

Looks like Donnie Dealmaker made another deal

Yep - 90% of economists predicted what would happen to perfection. This China thing is some sort of a tick that's been eating away at this Toxic Orange Turd for the last 30 years and it shows no signs of diminishing as he becomes more unhinged with each passing day.

The longer McConnell, Ryan and the rest of them enable this behavior, the worse things are going to get for Americans and our allies.

People who know stuff are clear that China, using state controlled capitalism, are kicking ass of the countries using plain old "no rules" capitalism. Obama knew they needed to be kept in check and that is why he supported the TPP. Other economists have suggested going through the global organization that monitors trade--I can't remember it's name--to get many countries to work in unison to put pressure on China to play fair.
But Trump has his own ideas. No one seems to think they will work out well, but who cares about farmers anyway? They don't make up a large enough hunk of the voting base.

 

[Pogo]

But Trump has his own ideas. No one seems to think they will work out well, but who cares about farmers anyway? They don't make up a large enough hunk of the voting base.

Which is remarkably similar to his casino-opening disasters and how it affected his creditors in those ill-fated ventures. Oh and the USFL clusterfuck too.

Those who ignore their (candidate's) own history are condemned to the same fate.


But it's not like we knew that before the election right?



Wait, hold on, this just in --- apparently we DID know that.

 

[usmbguest5318]

Markets hate uncertainty

That they do.

Markets hate uncertainty - and they are starting to hate this president.

Quite frankly, as far as market players and makers are concerned right now, Trump has served his usefulness. He got corporations their nearly 20% statutory tax rate cut.

One need only look at the retaliatory tariffs China has proposed to see who's going to pay for them:

​

Of the 128 items on the Chinese list:

• ~90 are luxury agricultural products such as dried fruit, nuts and ginseng.
• 32 items involve specialised steel products used in oil and gas production and transport -- an area in which influential Chinese state-owned mills have invested in recent years.
• The rest target pork and scrap aluminium.

While China's soybean tariff has the potential to hike inflation because soybean oil is used fairly broadly for cooking and the beans themselves are a material element in pig feed. That said, I suspect, given the highly focused (well thought out) nature of the tariffs China has proposed, that the demand for soybean is macroeconomically elastic rather than inelastic, thus the incidence of the tax will fall on producers notably more so than on Chinese consumers.

​

Too, it wouldn't surprise me to discover that those areas that contribute China's overall soybean yield have excess capacity. The unknown factor is the comparative advantage impact. Land used to boost soybean production in China cannot be used for other purposes that return higher gross profits and gross profit margins; however, because China has a command economy, the need for profits isn't at all similar to what it is in the U.S. Lower profits simply mean slower overall economic growth, but slow growth is still growth, and the Chinese culture, unlike Western culture, doesn't scoff at slow-but-steady. After all, China's been growing slowing since the 1950s. A slight drop in their economic expansion isn't going to irk the citizenry there like it annoys Americans, most especially not now that Xi Jinping is leader for life and not subject to the political whims and beefs of the citizenry.

As goes pork, it's worth noting that Smithfield, the worlds largest pig products company, is predominantly a Chinese firm. That's a lot of soybean eating pigs that won't be eating soybeans subject to China's tariff on U.S. soybeans. Be that as it may, tariffs on American pork exports help breeders in China, where pig prices are at a cyclical low. But they hit hard in Iowa, home to one-third of US pork production and the US ambassador to China, former governor Terry Branstad.

2016 Presidential Election Voting Outcomes

​

Every county in Iowa saw sharp gains for the GOP/Trump compared to 2012.

But what about other tariffs China has proposed? Well, almonds, and other dried fruits and nuts hit by the Chinese tariffs, are staple products of California’s fertile but drought-prone Central Valley. Farmers there voted heavily for Mr Trump despite the state of California as a whole leaning Democrat.

​

Clearly, the potential political impact of China's tariff on almonds won't be near what is the one on pork or soybeans. That said, Americans will need to eat a whole lot of Almond Joys and green bean almondine to make up the difference.

Almond Joy has nuts. Trump just is nuts.
-- Xelor​

 

[DrLove]

Almond Joy has nuts. Trump just is nuts.

-- Xelor​

Sometimes you feel like a nut - Sometimes you don't ...

Had it with this one

 

[SassyIrishLass]

Markets have nearly made it back...the OP shit his pants for nothing

 

[Mikeoxenormous]

Markets hate uncertainty

That they do.

Markets hate uncertainty - and they are starting to hate this president.

Quite frankly, as far as market players and makers are concerned right now, Trump has served his usefulness. He got corporations their nearly 20% statutory tax rate cut.

One need only look at the retaliatory tariffs China has proposed to see who's going to pay for them:

View attachment 186253

​

Of the 128 items on the Chinese list:

• ~90 are luxury agricultural products such as dried fruit, nuts and ginseng.
• 32 items involve specialised steel products used in oil and gas production and transport -- an area in which influential Chinese state-owned mills have invested in recent years.
• The rest target pork and scrap aluminium.

While China's soybean tariff has the potential to hike inflation because soybean oil is used fairly broadly for cooking and the beans themselves are a material element in pig feed. That said, I suspect, given the highly focused (well thought out) nature of the tariffs China has proposed, that the demand for soybean is macroeconomically elastic rather than inelastic, thus the incidence of the tax will fall on producers notably more so than on Chinese consumers.

View attachment 186256​

Too, it wouldn't surprise me to discover that those areas that contribute China's overall soybean yield have excess capacity. The unknown factor is the comparative advantage impact. Land used to boost soybean production in China cannot be used for other purposes that return higher gross profits and gross profit margins; however, because China has a command economy, the need for profits isn't at all similar to what it is in the U.S. Lower profits simply mean slower overall economic growth, but slow growth is still growth, and the Chinese culture, unlike Western culture, doesn't scoff at slow-but-steady. After all, China's been growing slowing since the 1950s. A slight drop in their economic expansion isn't going to irk the citizenry there like it annoys Americans, most especially not now that Xi Jinping is leader for life and not subject to the political whims and beefs of the citizenry.

As goes pork, it's worth noting that Smithfield, the worlds largest pig products company, is predominantly a Chinese firm. That's a lot of soybean eating pigs that won't be eating soybeans subject to China's tariff on U.S. soybeans. Be that as it may, tariffs on American pork exports help breeders in China, where pig prices are at a cyclical low. But they hit hard in Iowa, home to one-third of US pork production and the US ambassador to China, former governor Terry Branstad.

2016 Presidential Election Voting Outcomes

View attachment 186258

​

Every county in Iowa saw sharp gains for the GOP/Trump compared to 2012.

But what about other tariffs China has proposed? Well, almonds, and other dried fruits and nuts hit by the Chinese tariffs, are staple products of California’s fertile but drought-prone Central Valley. Farmers there voted heavily for Mr Trump despite the state of California as a whole leaning Democrat.

View attachment 186263

View attachment 186264
​

Clearly, the potential political impact of China's tariff on almonds won't be near what is the one on pork or soybeans. That said, Americans will need to eat a whole lot of Almond Joys and green bean almondine to make up the difference.

Almond Joy has nuts. Trump just is nuts.
-- Xelor​

He got corporations their nearly 20% statutory tax rate cut.

Just by chance, do you know what makes up a corporation?

 

[Mac1958]

Markets have nearly made it back...the OP shit his pants for nothing

This stuff just gets beyond silly.

I hope this is just meant in fun. I really want to think we know better than this.
.