Trump's "Trade War" Is Working: US Trade Deficit Collapses

You have me wrong! just do you mean the unedited reports? Obviously that would be a bad move.

Perhaps read this thread and suggest what can be redacted while still maintaining enough of your confidence in the result to make the exercise worthwhile?

Now do bear in mind Baron deleted sections of this for being too rough.
https://www.elitetrader.com/et/threads/spreadprofessor-openings.183001/

It should only take a couple of hours.
Did Photoshop crash your computer? :D

Audited statements or these are paper trades:
https://www.elitetrader.com/et/thre...-gun-rights-policy.319461/page-3#post-4630497

https://www.elitetrader.com/et/threads/pope-francis-says-there-is-no-hell.319697/page-5#post-4633714
 

Audited now? Who audits them? Would that not require three audited statements?

I don't think you have very good logic there kid. Is this why you decided to pretend to be a Jew?

upload_2018-6-9_20-40-57.png
 
Warning: If you have Trump Derangement Syndrome (TDS) you should consult your doctor before reading this post.
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More winning!
Trump's "Trade War" Is Working: US Trade Deficit Collapses

One month after the biggest plunge in the US trade deficit since the financial crisis - good news for Trump who has engaged in "trade war" with the rest of the world to boost US trader and exports - the good news continued in April, when according to the Census Bureau, the US deficit shrank again, down 2.1% from a revised $47.2BN to $46.2BN, and beating the $49BN consensus estimate and better than the lowest estimate of $46.2BN.

trade%20deficit%20june%202018.jpg


The number was so good, some were wondering why Trump didn't pre-tweet it, as he did with the payrolls report.

Incidentally, with today's revision, the March plunge in the US trade deficit has now risen to $10BN, the highest since 2008, and the second biggest improvement in the US deficit on record.

According to the census bureau, the deficit decreased from a revised $47.2 billion in March to $46.2 billion in April, amid a perfect trade environment as exports rose and imports declined for the second month in a row, or as Trump would say, "his policies to boost US trade worked."



Broken down by category, the goods deficit decreased $1.0 billion in April to $68.3 billion. The services surplus decreased less than $0.1 billion in April to $22.1 billion.

The good news: exports of goods and services increased $0.6 billion, or 0.3%, in April to $211.2 billion. Exports of goods increased $0.3 billion and exports of services increased $0.3 billion.

  • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($1.3 billion) and in foods, feeds, and beverages ($0.7 billion). A decrease in capital goods ($1.4 billion) partly offset the increases.
  • The increase in exports of services mostly reflected increases in other business services ($0.1 billion), which includes research and development services; professional and management services; and technical, trade-related, and other services, in financial services ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).
Also good news, if only for GDP bean-counters: imports declined, decreasing by $0.4 billion, or 0.2%, in April to $257.4 billion. Imports of goods decreased $0.7 billion and imports of services decreased $0.3 billion.

The decrease in imports of goods mostly reflected decreases in consumer goods ($2.8 billion) and in automotive vehicles, parts, and engines ($0.9 billion). Increases in other goods ($1.3 billion) and in industrial supplies and materials ($1.2 billion) partly offset the decreases.

The increase in imports of services mostly reflected increases in transport ($0.1 billion), in other business services ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion)

Broken down by trading partner, the March figures showed surpluses with South and Central America ($4.1), Hong Kong ($2.2), United Kingdom ($0.9), Singapore ($0.7), and Brazil ($0.6

Meanwhile, the countries that should be worried that they may fall in Trump's trade war sights, and recorded deficit with the US in March, included China, of course, with a $30.8 billion deficit, down sharply from $35.4 billion a month earlier, but also the European Union ($13.2), Mexico ($6.0), Japan ($5.9), Germany ($5.6), OPEC ($3.3), Italy ($2.4), India ($2.0), Canada ($1.7), France ($1.6), South Korea ($1.3), Taiwan ($1.1), and Saudi Arabia ($0.9).

Finally, to help Trump make his economic case even stronger, the US deficit excluding petroleum products: after hitting a record in February, continued its dramatic improvement in April, suggesting that whatever Trump is doing to boost overall trade (we already know US petroleum exports are soaring), may be working, as it shrank from over $50BN in February to just $41BN in April.

And now, we expect even more upward revisions to Q2 GDP, which according to the Atlanta Fed will now likely print above 5.0%
Oh my god! It's from "Infowars"
 
Ive got to admit, while i thought Trump was a complete fucking doofus at first, he seems to be hitting his stride, this is epic, he torches CNN right before he torches all the politicians who came before him. He is nailing it on trade.

i like when he asks who the reporter was with " I should have known, fake news CNN, the worst " , and then he gives an absolutely brilliant, detailed reply, and ends with ' so you can tell that to your fake friends at CNN..."
 
i like when he asks who the reporter was with " I should have known, fake news CNN, the worst " , and then he gives an absolutely brilliant, detailed reply, and ends with ' so you can tell that to your fake friends at CNN..."


Yeah the guy thought he was going to be a big shot and take Trump down, and he just got destroyed. Soooo funny! Reminds me of the asswhipping Jim Acosta takes on a daily basis :)
 
Max, buddy, you're confusing winning a debate with shit talking someone down. Sure it "looks" strong, but you're not winning the argument at all. Not to mention he just spewed a bunch of bull.

Be fair to our farmers and bring down your tariffs, you know, the dairy farmers we subsidize? But don't dare sell your subsidize planes in our turf w/o expecting tariffs.
 
Warning: If you have Trump Derangement Syndrome (TDS) you should consult your doctor before reading this post.
---------------------------------------------------------------------------------------------

More winning!
Trump's "Trade War" Is Working: US Trade Deficit Collapses

One month after the biggest plunge in the US trade deficit since the financial crisis - good news for Trump who has engaged in "trade war" with the rest of the world to boost US trader and exports - the good news continued in April, when according to the Census Bureau, the US deficit shrank again, down 2.1% from a revised $47.2BN to $46.2BN, and beating the $49BN consensus estimate and better than the lowest estimate of $46.2BN.

trade%20deficit%20june%202018.jpg


The number was so good, some were wondering why Trump didn't pre-tweet it, as he did with the payrolls report.

Incidentally, with today's revision, the March plunge in the US trade deficit has now risen to $10BN, the highest since 2008, and the second biggest improvement in the US deficit on record.

According to the census bureau, the deficit decreased from a revised $47.2 billion in March to $46.2 billion in April, amid a perfect trade environment as exports rose and imports declined for the second month in a row, or as Trump would say, "his policies to boost US trade worked."



Broken down by category, the goods deficit decreased $1.0 billion in April to $68.3 billion. The services surplus decreased less than $0.1 billion in April to $22.1 billion.

The good news: exports of goods and services increased $0.6 billion, or 0.3%, in April to $211.2 billion. Exports of goods increased $0.3 billion and exports of services increased $0.3 billion.

  • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($1.3 billion) and in foods, feeds, and beverages ($0.7 billion). A decrease in capital goods ($1.4 billion) partly offset the increases.
  • The increase in exports of services mostly reflected increases in other business services ($0.1 billion), which includes research and development services; professional and management services; and technical, trade-related, and other services, in financial services ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).
Also good news, if only for GDP bean-counters: imports declined, decreasing by $0.4 billion, or 0.2%, in April to $257.4 billion. Imports of goods decreased $0.7 billion and imports of services decreased $0.3 billion.

The decrease in imports of goods mostly reflected decreases in consumer goods ($2.8 billion) and in automotive vehicles, parts, and engines ($0.9 billion). Increases in other goods ($1.3 billion) and in industrial supplies and materials ($1.2 billion) partly offset the decreases.

The increase in imports of services mostly reflected increases in transport ($0.1 billion), in other business services ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion)

Broken down by trading partner, the March figures showed surpluses with South and Central America ($4.1), Hong Kong ($2.2), United Kingdom ($0.9), Singapore ($0.7), and Brazil ($0.6

Meanwhile, the countries that should be worried that they may fall in Trump's trade war sights, and recorded deficit with the US in March, included China, of course, with a $30.8 billion deficit, down sharply from $35.4 billion a month earlier, but also the European Union ($13.2), Mexico ($6.0), Japan ($5.9), Germany ($5.6), OPEC ($3.3), Italy ($2.4), India ($2.0), Canada ($1.7), France ($1.6), South Korea ($1.3), Taiwan ($1.1), and Saudi Arabia ($0.9).

Finally, to help Trump make his economic case even stronger, the US deficit excluding petroleum products: after hitting a record in February, continued its dramatic improvement in April, suggesting that whatever Trump is doing to boost overall trade (we already know US petroleum exports are soaring), may be working, as it shrank from over $50BN in February to just $41BN in April.

And now, we expect even more upward revisions to Q2 GDP, which according to the Atlanta Fed will now likely print above 5.0%


https://www.nytimes.com/2018/06/09/...trump-g7-nafta.html?smid=tw-nytimes&smtyp=cur


tarriffs.jpg
 
Hes coming at it from a position of strength, he knows it and all the other countries know it too, they can either negotiate it and try to lower the trade deficits or they can fuck off. What bartering chips do the other countries have? Every single one of them other than maybe Canada, are running huge trade surpluses against the U.S. What are they going to do? Torpedo their own economies? The bottom line is that Trump and the U.S. have all the power right now............ Its pretty easy to step away from a trade situation where you are losing money, all you have to do is say goodbye.

These other countries on the other hand are going to try to posture to hold on too as much of the trade imbalance as they can keep, but at the end of the day they all know it would be a disaster to quit trading or start a trade war with the U.S., cause they are the only ones who stand to lose.

Whats China going to do? walk away from a 500billion dollar surplus? There is a reason why this is getting hashed out now, for all the grandstanding everyone is doing, everyone knows the metrics, and so long as Trump keeps standing his ground, every other country will be the ones who lose, because they have a choice to either lose A SHIT TON, or else lose a little less.

I dont suspect any of these Trade imbalances will end up fair (i.e. 1 to 1) but if Trump can carve out a few billion from every country and 100 billion from China, its still a huge addition to the U.S. economy.

Trump knows this and so do all of them.

Max, buddy, you're confusing winning a debate with shit talking someone down. Sure it "looks" strong, but you're not winning the argument at all. Not to mention he just spewed a bunch of bull.

Be fair to our farmers and bring down your tariffs, you know, the dairy farmers we subsidize? But don't dare sell your subsidize planes in our turf w/o expecting tariffs.
 
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