Oh I was clearly wrong on that. I’m a trader - I’m wrong all the time. I have to manage my mistakes.
And....here we have it....Winning again! US, China agree to reduce $370B trade deficit
- Thread starter Optionpro007
- Start date
Oh I was clearly wrong on that. I’m a trader - I’m wrong all the time. I have to manage my mistakes.
1. What China says and what China actually does are two entirely different entities. Read Sun Tzu.
2. Based upon my FCM statement buying that dip quenched in Iowa farmer’s tears was a very profitable decision to date. Hopefully your trading exploits don’t mirror your political convictions.
Did YOU Sell ES Futures on election night ?
3. The same Publicity Department of the Communist Party of China that caused the dip enabled the Ministry of Agriculture of the Peoples Republic of China to buy the dip.
4. Ask India and Bangladesh about their experiences selling Cotton to China.
5. Ask scrap metal dealers about their experiences selling to China.
6. Did China actually tender a firm contractual offer to buy Russian beans? I pay on a subscription basis for proprietary grain market intelligence and to date China’s threat is just a press release. Maybe China finally gets the latest gen Russian jet engines to copy? The US and Brazil had physical cash tenders.
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Agreed.Thats why I told Optionpro 007 to wait until trump acutally reduced the trade deficit before congratulating him for it.
This much I do know:
1. For twenty-four years the Chinese have had their way entirely.
2. The Chinese success to date, and the Chinese projections for future growth - is entirely dependent on their ability to maintain and grow a Trading relationship with the US.
3. The Chinese take in $489B in US Dollars every six months. Bottom line: the Chinese are boxed into a corner. They need deep liquid markets denominated in US dollars. Outside the US their options are extremely limited. That means US sovereign debt (they can’t buy US Corporations) and huge quantities of high quality spec deliverable US commodities.
4. The Chinese operate a high functioning Government department which throttles the flows of the Yuan and its valuation against the US dollar - an alternative description is “manipulation”. Here the Chinese have forced themselves into the tightest box - they need a strong US dollar and a weaker Yuan to maintain and grow - yet their stated public Communist Party goal is for the Yuan to become the ‘world’s reserve currency”. Which is impossible. The US Dollar and the Swiss Franc are in total complete absolute float.
5. If you can turn millions into billions then yeah you are an accomplished businessman. Fuck you if you think otherwise. To convert millions to billions multiply by 1,000. As if Mark Cuban wasn’t a self aggrandizing narcissist himself. Isn’t Shark Tank a “reality” TV Show?
6. Trump is entirely cognizant of items 1- 4, and he has some very heavy hitting negotiators on that shit. I’m sure that this is an entirely different counterparty and reality than the Chinese are accustomed.
7. Civil servants without considerable (monetary) private sector success employed as trade negotiators are worse than useless. The mindset would be completely subordinate to US national interests.
What are you talking about....Not nearly as wrong?
You were fucking wrong wrong wrong.
Just admit it, you petulant child.
One can only imagine how successful Tony is at trading, considering 'he is never wrong'...
The electoral college was worth its weight in gold if Obama won because of it, but it mysteriously became toxic to 'democracy' once someone he didn't want to win benefited from it. That is the way liberals roll, nothing less to be expected.
****
Now back to 'beans'...
How to Reduce the US-China Trade Deficit by $200 Billion: A Modest Proposal
I had a good laugh, just run a recession. The Chinese are just floating the idea of reducing the trade deficit to see how dumb Trump and his supporters really are.
So much winning . . . .
US and China putting trade war ‘on hold’ claims Treasury’s Mnuchin
The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
Mnuchin and U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said the agreement reached by Chinese and American negotiators on Saturday set up a framework for addressing trade imbalances in the future.
“We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin said in a television interview on “Fox News Sunday.”
On Saturday, Beijing and Washington said they would keep talking about measures under which China would import more energy and agricultural commodities from the United States to close the $335 billion annual U.S. goods and services trade deficit with China.
During an initial round of talks earlier this month in Beijing, Washington demanded that China reduce its trade surplus by $200 billion. No dollar figure was cited in the countries’ joint statement on Saturday.
Commerce Secretary Wilbur Ross planned to go to China, Mnuchin and Kudlow said.
US and China putting trade war ‘on hold’ claims Treasury’s Mnuchin
The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
Mnuchin and U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said the agreement reached by Chinese and American negotiators on Saturday set up a framework for addressing trade imbalances in the future.
“We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin said in a television interview on “Fox News Sunday.”
On Saturday, Beijing and Washington said they would keep talking about measures under which China would import more energy and agricultural commodities from the United States to close the $335 billion annual U.S. goods and services trade deficit with China.
During an initial round of talks earlier this month in Beijing, Washington demanded that China reduce its trade surplus by $200 billion. No dollar figure was cited in the countries’ joint statement on Saturday.
Commerce Secretary Wilbur Ross planned to go to China, Mnuchin and Kudlow said.
We shall see, so far Trump has always been able to accomplish things in the foreign arena that have been good for the USA. I know many of you are rooting for the opposite, hope you are disappointed, once again.
And I guess liberals in this forum will be...
And I guess liberals in this forum will be...
As well as "If you like your Doctor, you can keep your Doctor"