Gary Cohn to Resign as Trump Economic Adviser After Trade Dispute

[Gueco]

theres nothing new that we did not know before his resignation

 

[Cuddles]

I did sort of hint at it either yesterday or two days ago after the tariffs announcement. I thought Trump was bluffing per usual, but this points towards no.

 

[SteveM]

At this rate, pretty soon the White House is going to need to hire immigrant labor to "do those jobs that Americans refuse to do."

 

[Pekelo]

theres nothing new that we did not know before his resignation

You mean the trade war going ahead full steam?

 

[newwurldmn]

Really? You think that trade wars are good for the stock market?

Trade wars are good.
-the rich guys who have to compete with imports.

 

[vanzandt]

Trade wars are good.
-the rich guys who have to compete with imports.

Donald J. Trump
@realDonaldTrump
Mar 2
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
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[JackRab]

Trade wars are good.
-the rich guys who have to compete with imports.

The only sector it's good for in this case, is the steel production. They do more business.
Everyone else loses...

 

[JackRab]

Donald J. Trump
@realDonaldTrump
Mar 2
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
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I think he doesn't understand how being the worlds reserve currency works. People sell shit to USA. They get dollars. Dollar stays strong. This means cheap US financing.

If he wants to be truly competitive, US dollar needs to come down massively. That means not being the reserve currency anymore. Weak(er) dollar... more expensive financing. This will hurt the US bottom line....

 

[newwurldmn]

Donald J. Trump
@realDonaldTrump
Mar 2
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
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Easy Peazy.

 

[SunTrader]

theres nothing new that we did not know before his resignation

Ok you are right and all those who sold in after hours are wrong.