JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 5, 2019 18:45:08 GMT -8
Someone is going to make a metric assload on AAPL options soon...
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Post by therealmercel on Aug 5, 2019 18:56:58 GMT -8
We would be at $250 now if not for the orange occupant and his nonsense. Re: tariffs and the self-inflicted trade "war" - China is not going to lose, they take the long approach, and even if it appears they might be losing/compromising, in reality they won't be. They have more patience and tools at their disposal, and the last thing they will do is lose face to drumpf. It's sad how little sacrifice Americans are willing to endure for patriotic reasons. During WWII people rationed goods for years, and sent hundreds of thousands of their best men over to die and be maimed for their country. Today your stocks are down a bit (AAPL still up well over 50% since DJT has been in office) and you're crying like babies. God forbid we ever had a real existential crisis!
Stop whining and buy the F-ing dip people. Fire sale! JD, really? Patriotism? In your defense of Trump, you have the blind spot of 10 Stevie Wonders: 1. Trump, aka Cadet Bone Spurs, cheated the draft, leaving others to go in his place. Patriotic? You know better. 2. Besmirched the reputation, sacrifice and honor of John McCain's service in the military. 3. Tax cheat extraordinaire - I read the details and I can assure you this was out-and-out tax fraud. 4. Team Trump coordinated with the Russians to gain advantage over another American politician and obstructed justice. Don't take my word for it, 1,000 federal prosecutors agree that were it not for him holding office, he would have been indicted for obstruction. 5. Condones violence and with words, incites acts of same against minorities and immigrants ("very fine people") I could go on and on, but you and Sponge are ignoring hard facts. I'm at a loss how you reconcile such things with your support. You mentioned an existential crisis: WE ARE IN ONE due to the words and actions of a malignant narcissist. The Mods can delete this, but I couldn't let your call for patriotism pass without a rejoinder.
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Post by therealmercel on Aug 5, 2019 18:58:59 GMT -8
I couldn't resist:
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Post by macster on Aug 5, 2019 19:12:29 GMT -8
US Designates China as Currency Manipulator for First Time in Decades
The U.S. government has determined that China is manipulating its currency and will engage with the International Monetary Fund to eliminate unfair competition from Beijing, U.S. Treasury Secretary Steven Mnuchin said in a statement on Monday, Aug. 5.
Treasury Secretary Steven Mnuchin answers question from reporters
The move brings already tense U.S.-Chinese relations to a boil and fulfills U.S. President Donald Trump’s promise to label China a currency manipulator for the first time since 1994.
The U.S. action follows China allowing its yuan to weaken past the key 7-per-dollar level on Aug. 5 for the first time in more than a decade. Beijing later said it would stop buying U.S. agricultural products, inflaming a yearlong trade war with the United States.
The sharp 1.4 percent drop in the yuan comes days after Trump stunned financial markets by vowing to impose 10 percent tariffs on the remaining $300 billion of Chinese imports from Sept. 1, abruptly breaking a brief ceasefire in a bruising trade war that has disrupted global supply chains and slowed growth.
The news knocked the dollar sharply lower and bolstered the price of gold.
The Treasury Department said a statement from the People’s Bank of China (PBOC) on Aug. 5 made clear that Chinese authorities had ample control over the yuan exchange rate.
The PBOC said on Aug. 5 it would “continue to … take necessary and targeted measures against the positive feedback behavior that may occur in the foreign exchange market.”
“This is an open acknowledgment by the PBOC that it has extensive experience manipulating its currency and remains prepared to do so on an ongoing basis,” the Treasury statement said.
It said China’s actions violate its commitment to refrain from competitive devaluation as part of the Group of 20 industrialized countries. Treasury said it expected China to adhere to those commitments and not target China’s exchange rate for competitive purposes.
U.S. law sets out three criteria for identifying manipulation among major trading partners: a material global current account surplus, a significant bilateral trade surplus with the United States, and persistent one-way intervention in foreign exchange markets.
After determining a country is a manipulator, the Treasury is required to demand special talks aimed at correcting an undervalued currency, with penalties such as exclusion from U.S. government procurement contracts.
The U.S. Treasury had designated Taiwan and South Korea as currency manipulators in 1988, the year that Congress enacted the currency review law. China was the last country to get the designation, in 1994.
In May, the Treasury had refrained from declaring China a currency manipulator based on new tougher criteria measuring a country’s global current account surplus, along with persistent one-way intervention and a large bilateral trade surplus with the United States.
In the report, however, Treasury kept China on an enhanced monitoring list due to a “misalignment and undervaluation of the RMB relative to the dollar.”
By Andrea Shalal, David Lawder, Lesley Wroughton and Makini Brice
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Post by sponge on Aug 5, 2019 20:26:54 GMT -8
Well tomorrow will be interesting
We have turned around 500 points in AH
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Aug 6, 2019 2:11:40 GMT -8
A flush of green in the pre-market.... not much, but at least across tech, from my cursory glance.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 6, 2019 9:05:39 GMT -8
It's sad how little sacrifice Americans are willing to endure for patriotic reasons. During WWII people rationed goods for years, and sent hundreds of thousands of their best men over to die and be maimed for their country. Today your stocks are down a bit (AAPL still up well over 50% since DJT has been in office) and you're crying like babies. God forbid we ever had a real existential crisis!
Stop whining and buy the F-ing dip people. Fire sale! JD, really? Patriotism? In your defense of Trump, you have the blind spot of 10 Stevie Wonders: 1. Trump, aka Cadet Bone Spurs, cheated the draft, leaving others to go in his place. Patriotic? You know better. 2. Besmirched the reputation, sacrifice and honor of John McCain's service in the military. 3. Tax cheat extraordinaire - I read the details and I can assure you this was out-and-out tax fraud. 4. Team Trump coordinated with the Russians to gain advantage over another American politician and obstructed justice. Don't take my word for it, 1,000 federal prosecutors agree that were it not for him holding office, he would have been indicted for obstruction. 5. Condones violence and with words, incites acts of same against minorities and immigrants ("very fine people") I could go on and on, but you and Sponge are ignoring hard facts. I'm at a loss how you reconcile such things with your support. You mentioned an existential crisis: WE ARE IN ONE due to the words and actions of a malignant narcissist. The Mods can delete this, but I couldn't let your call for patriotism pass without a rejoinder. If they ever develop a pill for Trump Derangement Syndrome, take three. 💊
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Ted
fire starter
Posts: 882
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Post by Ted on Aug 6, 2019 9:31:50 GMT -8
JD, really? Patriotism? In your defense of Trump, you have the blind spot of 10 Stevie Wonders: 1. Trump, aka Cadet Bone Spurs, cheated the draft, leaving others to go in his place. Patriotic? You know better. 2. Besmirched the reputation, sacrifice and honor of John McCain's service in the military. 3. Tax cheat extraordinaire - I read the details and I can assure you this was out-and-out tax fraud. 4. Team Trump coordinated with the Russians to gain advantage over another American politician and obstructed justice. Don't take my word for it, 1,000 federal prosecutors agree that were it not for him holding office, he would have been indicted for obstruction. 5. Condones violence and with words, incites acts of same against minorities and immigrants ("very fine people") I could go on and on, but you and Sponge are ignoring hard facts. I'm at a loss how you reconcile such things with your support. You mentioned an existential crisis: WE ARE IN ONE due to the words and actions of a malignant narcissist. The Mods can delete this, but I couldn't let your call for patriotism pass without a rejoinder. If they ever develop a pill for Trump Derangement Syndrome, take three. 💊 JD's go-to market strategy for dealing with libs who have valid points: ad hominem attacks. LOL.
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Post by rickag on Aug 6, 2019 10:45:48 GMT -8
I couldn't resist: Curious, the Dow was @ ~ 13,100 Nov. 2012. What is it today. Could be we would need a >2,000 point drop today. Regardless, everyone knows Trump exaggerates. If that were a crime we would all be in jail for extended sentences.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 6, 2019 11:32:17 GMT -8
If they ever develop a pill for Trump Derangement Syndrome, take three. 💊 JD's go-to market strategy for dealing with libs who have valid points: ad hominem attacks. LOL. Believe it or not, I have other things to do than "deal with libs" on a day-old thread, sorry not sorry.
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