Best thing Trump did was waking us up to the huge trade imbalance that we had(still have) with China and how it's affecting our economy and the need for decoupling from China and diversification of the supply chain.
Options bets blamed for amplifying U.S. stock-market plunge after hot August CPI reading
- Thread starter ETJ
- Start date
Best thing Trump did was waking us up to the huge trade imbalance that we had(still have) with China and how it's affecting our economy and the need for decoupling from China and diversification of the supply chain.
Is that so?
So I suppose when JayP steps to the microphone next after the rate announcement and starts to talk the Algos will hear it before all of us.
And at other market moving events price didn't move till TV and the rest of media released. Algos were sleeping?
Algos are fast.
Our trade imbalance with China is going to keep increasing for the foreseeable future, because as inflation stays high, Americans will be looking more and more for cheap shit. And where does that cheap shit come from? China! We will always be a net importer compared to them against goods
Because if it was no real biggie, why are the mouthpieces of the economy screaming CHINA IS UNFAIR, THEY HAVE NET EXPORT JUJU?
He did other things as well, like reducing unemployment to the lowest ever in history, reducing taxes for the middle-class, creating opportunities for minorities (Biden and Dems are all about minorities, kneeling after George Floyd tragedy but really it was under Trump that African-Americans experienced the highest growth in wealth and income), stabilizing and increasing value in asset markets, removing government barriers to personal freedom and consumer choice in healthcare, creating jobs and investments in opportunity zones. People had more money, real money (without inflation) in their pockets than under any other administrations (except maybe that of Bill Clinton) than before.
Those are the things that we people don't know or choose not to give Trump credit for.
Hence the case for diversification of supply chains. I am seeing more stuff made from Vietnam, Bangladesh, Cambodia, Thailand, Malaysia...let's keep it that way. And of course seeing more stuff "Made in USA" would be the nicest!
You want inflation down without interest rate going up, get off your a$$ and start working!! That's how you get cheap stuff, not by importing, but by making them all ourselves.
It's sad you've got nothing for Biden