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Post by walnut on Aug 10, 2019 14:23:26 GMT
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Post by duwayne on Aug 10, 2019 16:02:21 GMT
The China 50 large cap index is down 35% from its high while the S&P 500 is down 3% from its high.
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Post by walnut on Aug 10, 2019 16:22:44 GMT
In baseball, they run-rule games when the score gets that lopsided.
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Post by walnut on Aug 12, 2019 13:10:17 GMT
So, yes Hang Seng down 2.5% this morning. Today could be an ugly day as China has devalued again. Trump will go ballistic and issue a noisy tweet. US market selloff then (well, we are already down half a percent). Hopefully we can continue to disconnect from China here, and let them slide deep into recession without joining them.
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Post by missouriboy on Aug 12, 2019 17:20:46 GMT
I'd say that the average Chinese consumer is not exactly thrilled right now. Market Watch BEIJING-China's consumer inflation rose to a 17-month high in July fueled by continued strength in food prices, official data showed Friday. The consumer-price index rose 2.8% in July from a year earlier, compared with June's 2.7% growth, the National Bureau of Statistics said. The key inflation reading was higher than a median forecast for a rise of 2.7% from a Wall Street Journal Food prices in July rose 9.1% from a year earlier, the strongest growth in more than seven years, after climbing 8.3% in June. Fresh vegetable prices surged 39.1% on year, following a 42.7% spike in June, which lifted headline inflation by 0.63 percentage point. Pork prices rose 27% from a year earlier in July, compared with June's 21.2% rise in June, lifting the headline index by 0.59 percentage point. And if you look at the 1-year or 2-year trend in the US markets compared to the Chinese, it's hard to see how ours are taking a major hit of any kind over the longer period. Perhaps the game is yet young. www.marketwatch.com/investing/index/djia/charts
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Post by walnut on Aug 12, 2019 17:35:02 GMT
Yes China is dealing with huge problems now.
We kept hearing that it was the American consumers who were going to pay Trumps tariffs, and that Trump is just not economically literate enough to understand it.
By that logic, imagine that you had a business idea to export a product into China. But after researching some more, you realize that the tariffs seem so high that your idea makes no sense. But, you decide to go ahead anyway, because you think that the Chinese consumers will be paying the extra cost of the tariffs lol.
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Post by walnut on Aug 12, 2019 17:50:14 GMT
Also, grain futures have been gradually trending up. The farmers around here just take truckloads of wheat, or soybeans, to the local elevator, or down to the river port near Tulsa, and get a check based on the current market price. That's all anyone really cares about, the price paid. Not a threat from China that never seems to amount to anything.
If there is an agriculture calamity I guess I don't understand it yet.
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Post by missouriboy on Aug 12, 2019 17:51:02 GMT
I know that the Chinese may be quiet in public on things that the "Peoples Party" may not want to hear. But what do you suppose the little woman is saying in private when her vegetable prices doubled in 2 months? And her government is publicly saying they are not gonna buy any more food from the evil capitalists. Wonder how the rice and chicken markets are holding up. Ducks have apparently exploded.
Who will be the first Democrat to accuse the President of racism for making the poor Chinese people suffer? Or have they already?
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Post by walnut on Aug 12, 2019 18:08:28 GMT
The talking heads have been telling us for years that the Chinese are our wise financial overlords.
When are they going to "call those loans" that we kept hearing about?
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Post by missouriboy on Aug 12, 2019 20:11:36 GMT
There's still room over here Ratty if your Greenies don't develop terminal root blight.
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Post by Ratty on Aug 13, 2019 0:19:51 GMT
There's still room over here Ratty if your Greenies don't develop terminal root blight. Will I need to learn Spanish?
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Post by Ratty on Aug 13, 2019 0:26:34 GMT
Also, grain futures have been gradually trending up. The farmers around here just take truckloads of wheat, or soybeans, to the local elevator, or down to the river port near Tulsa, and get a check based on the current market price. That's all anyone really cares about, the price paid. Not a threat from China that never seems to amount to anything. If there is an agriculture calamity I guess I don't understand it yet. How are plantings going after the big wet?
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Post by walnut on Aug 13, 2019 1:31:45 GMT
The fields that I drive by are mostly corn and soybeans, and they look very successful this year. But, I cannot say which fields should be in production but were not planted due to all the rain. I see lots of hay which is actually a pretty important crop around here.
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Post by nautonnier on Aug 16, 2019 10:52:18 GMT
Get it quick before it melts ..... "WASHINGTON—President Trump made his name on the world’s most famous island. Now he wants to buy the world’s biggest. The idea of the U.S. purchasing Greenland has captured the former real-estate developer’s imagination, according to people familiar with the discussions, who said Mr. Trump has, with varying degrees of seriousness, repeatedly expressed interest in buying the ice-covered autonomous Danish territory between the North Atlantic and Arctic oceans. In meetings, at dinners and in passing conversations, Mr. Trump has asked advisers whether the U.S. can acquire Greenland, listened with interest when they discuss its abundant resources and geopolitical importance and, according to two of the people, has asked his White House counsel to look into the idea."
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Post by Ratty on Aug 16, 2019 12:05:31 GMT
Get it quick before it melts ..... "WASHINGTON—President Trump made his name on the world’s most famous island. Now he wants to buy the world’s biggest. The idea of the U.S. purchasing Greenland has captured the former real-estate developer’s imagination, according to people familiar with the discussions, who said Mr. Trump has, with varying degrees of seriousness, repeatedly expressed interest in buying the ice-covered autonomous Danish territory between the North Atlantic and Arctic oceans. In meetings, at dinners and in passing conversations, Mr. Trump has asked advisers whether the U.S. can acquire Greenland, listened with interest when they discuss its abundant resources and geopolitical importance and, according to two of the people, has asked his White House counsel to look into the idea."
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