Stocks slide amid US-China trade tensions
Stocks slide amid US-China trade tensions Stocks slide amid US-China trade tensionsWhich reaction to this market performance, the Wall Street attitude toward both the president, his trade policies and these tariffs, as well as China’s well retaliation Chief Economist at the Milken Institute? Billy Joel points all off at the market. Now I’m not being cynical here, but I am also not ignoring you know. Some 30 years of experience it looks to me like Wall Street, has been encouraging precisely the result they got today of much of their surprise and displeasure is really getting carried away. A good subject how to be kidding me: this is all out of whack machine amplifying the Panic has in some of the Wall Street Traders, but let’s face it. The most researchers also smart at the sea, but there a lot of opportunities there that be created by Healthcare, smart, not to buy them. At these low prices haven’t changed a bit over the years. You find opportunity and everyday in every direction, and that’s one of the reasons we like you so much, but this is think there’s nothing more that as an apology, I rationalized rationalization, a John for what Wall Street wants to do. This is this is deplorable if it’s Peter Navarro put it these unregistered agents on Wall Street of behaving as they do taking the the China point of view against the president and his efforts to balance trade, create a reciprocal relationships and bring back what is cost. The United States and economic growth over the past 20 years, these deficits with China I’m waiting for waiting to get that well there. It is. This is the u.s. China trade deficit, which is 83 billion dollars back in 2001, it’s risen to 419 billion 500 % increase and over that time, it’s four and a half trillion dollars stripped out of the US economic growth Wall Street firm, saying Zero Sum game. It’S no problem. Eventually, this would become a major political issue. This could lead to who knows down the road or further radicalization of some of these people of the working class that are very upset about the situation. It’S a good thing. 4.5, trillion-dollar cumulative trade deficit with China over the past would be the pick up people for the manufacturing sector. There were actually it’s the importers of the goods that are paying the terrorist. This is such an important point if you will break that down. One more time begin at the beginning for our viewers, because we are watching some of some of the the business press media I mean they are spilling such nonsense about Tara’s.. I think what you’re saying needs to be underlined. Well, it’s the Importer of the Chinese Goods that has to pay the tarps. Where can I find the same stuff at a cheaper price somewhere else, so they have to go to different sources, different countries, and he can’t do that. He knows that he can’t raise a price on the American Consumer, because I can get someone to switch to another good, so he’s going to try to push the price increase back onto the Chinese producer and I think that’s what president wrote means that the Chinese are Paying the bill is the Chinese important and it’s a Chinese manufacturer. Ultimately, if there is some price increase that comes in the American consumers, not stupid, he’s going to say something cheaper, I’m so he’s going to look for something cheaper. So so they count competitive forces are going to force a lot of the entry Marquez hard work background to China. A year ago, June of 2018 we still had a pretty substantial consumer electronics price deflation. I mean my goodness. Core pce price index went down from 2 % annually to 1.6 %, so terrible really did nothing visible in terms of adding to price inflation bottle Supply. That’S the strategy, because you’re both right on this issue and the president is driving us toward balance trade, which is absolutely essential to the health of the world economy, but most especially, of course, America, we’re seeing eye Alternatives now as a result of these terrorists and is Bill as pointing out, we are looking at Supply chains for you, as companies moving from China, they’re moving principally to Southeast Asia, but coming back to the United States, that process has begun is already harrowing and unnerving. China and China’s economy is much more fragile. While ours is far stronger than any other president, don’t think it’s too far wrong when he says it’s the economy ever, but we’re looking at 3.6 % unemployment in this country, 3.2 % growth. My gosh Urban Korean have more than a million more job openings than the number of people unemployed. I think that unemployment rate by the way is going to keep on going lower advice to investors, who may have been a nerve by this little lot. Wall Street inspired sell off today Bill one of the things about China. The Terrace of doing something positive in China leave here once they have. The Trump do is: give Xi Jinping a Powerhouse of forces that go against the Old Guard there and that’s what we’re trying to do appreciate the perspective. Panic. The storm will pass quickly enough, and you know what is soon as Wall Street firms understand what country they’re in and whose interest they should be pursuing. That is of the nation, and this president of the sooner I will see exactly that reason and value for their Moody’s chief economist John Lonski and Milken Institute chief economist Bill Lee discuss how stocks plunged after China announced it was going to raise tariffs on $60 billion worth of U.S. goods.