trump now realised that he can't trump China. His mistake is he miscalculated China tolerance lvl to pain because China isn't a democratic country. So even with unpopular policies, it can still survived. Now, with the taxes, it means he is actually taxing Americans, so pocket less money, what you think going to happen. In fact, it seems China had cornered Trump.
Dow down Bond may down. Prevent China from selling its big stake in US bond market. Gold up crazily and Dollar is pegged with gold. Would next be oil price?
Donald Trump fcuked up the most important bilateral relation in the world...............for 2 years, commentators, analysts, media, only know how to give a spin to the story asking and hoping Trump is winning........China is weak, US is winning..........for 2 years, tax cuts, interest rate cuts, Trump is winning is keeping the Dow up...............now what?
Now, for the first time, acceptance that Trump is a moron................
Trump is emotional and unpredictable but he is definitely NOT stupid. A stupid person can never be a US president. By now, he should realise that China won't bow to him. He should know this fact better than us now (bcos he is not stupid). From his decision to postpone the 10% tariff on major items to mid Dec, it is already a solid proof that he "blinked". If he cannot force China to bow to his trade request, he must find a way to settle or end this trade dispute somehow before Nov'20 re-election. One thing for sure, Trump won't let the US slips into recession before Nov'20. This is the reason and confidence I have to hold-on to stocks now.
Globally, there are many risks now, i.e. no-deal Brexit, HK riot, inverted yield curves, Argentina's crisis, and etc. All the above matters would not be significant if compare to US-China trade war, which is the MOTHER of all risks. Thus, we should focus on trade war and not so much on other secondary issues. Trump won't let the trade war drag US into recession. Trump will do all he can to win the re-election.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hollandking
3,694 posts
Posted by hollandking > 2019-08-15 01:43 | Report Abuse
trump now realised that he can't trump China. His mistake is he miscalculated China tolerance lvl to pain because China isn't a democratic country. So even with unpopular policies, it can still survived. Now, with the taxes, it means he is actually taxing Americans, so pocket less money, what you think going to happen. In fact, it seems China had cornered Trump.