Discussion: Stocks Plunge Rapidly Upon Trump Signing New China Tariffs

TPM Article Topics
21

The farmer’s in the Midwest are not going like tRump’s tariffs…

5 Likes
22

All China has to do is call in their loans…
Thanks trump.
That’s stable genius for ya
And the Dow drops 700 points or more than 2 percent. More to come

Yeah, …stable genius…“trade wars are easy to win”.
Let’s say “CHINA”

5 Likes
23

Very close to a 700 pt drop in the DJ but S&P and NASDAQ also down over 2%.

ETA now down over 700

2 Likes
24

His hair is really thinning out with all the stress isn’t it?

2 Likes
25

I’m told retirement is highly over-rated.

Thanks, Donnie,

2 Likes
26

Hang onto your shorts, cause this is just the beginning. 1929 all over again. Said it when he was elected, and I’ll be damned. Republican congress, House and Senate. Every time this happens we have a damn depression. These fools never learn. Trump makes this 500 times worse.

5 Likes
27

Who knew trade wars could be so complicated?

6 Likes
28

Gold went up…ha ha ha

3 Likes
29

If only there had been someone among Trump’s advisers, some knowledgeable person, who could have advised against this.

7 Likes
30

Djaynah!

1 Like
31

I think you misspelled (((knowledgeable person))).

Bannon will have none of it!

2 Likes
32

Oh right, righhhhtttt, a globalist person who could have advised against it, being all into the gelt as they are. :wink:

4 Likes
33

All this does is show Trump how powerful he is.
He rules the world and he knows it.

2 Likes
34
1 Like
35

I feel the same way. I don’t wish financial harm on anyone, but that doesn’t stop the sang froid cup from running over.

2 Likes
36

It was also a good day to take a last minute short position on the market. :wink:

I should add, it’s not like the markets didn’t know it was coming. The Dow melted down 500 pts before noon, and then recovered through the p.m., then really freaked when Trump actually signed it and dropped more than 700. It was the running of the bulls, right off a cliff.

7 Likes
37

Actually, although China does hold a significant percentage of the U.S. public debt, it’s actually less than most people imagine. They currently hold about 10 percent of all outstanding U.S. government paper. These aren’t like bank lines of credit that can be “called in”, they’re Treasury securities, so China’s options are to hold onto them, or sell them (which would certainly drive down their value, which would inevitably increase our borrowing costs).

So, they can’t just “shut us down” if they decide they don’t like us any more (although selling our debt is actually a weapon in their arsenal as the Great Trade War of '18" heats up… :frowning: )

Source:

4 Likes
38

As Trump has acknowledged - he likes conflict - he also likes when things are volatile - the is a lot of energy in “volatile” - and calm and steady is so boring and predictable - he likes it unpredictable
Well - un-predictable to others
… he likes to have his hands on the controls that create the unsteadiness, the boat rocking - - because he like to also have friends & operatives clued in on the next major moves - so he can brilliantly invest in what is going to go up or short what is going to go down.

2 Likes
39

And the stampede will continue tomorrow, once the immensity of Donnie’s latest idiocy begins to sink in…

2 Likes
40

Well, the trumpers did want someone to “shake things up.”

3 Likes