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China fires back, unveils additional tariffs on $50-billion of U.S. goods

And with the drop in the Dow, lots of people lost $$$ in their pensions and portfolios.
 
Parrish said:
And with the drop in the Dow, lots of people lost $$$ in their pensions and portfolios.
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Fearmongers made a bunch of bucks scaring Americans with comments like several of the above. Retail investors got scared into selling, then the B.S. cleared and the market had a strong close with the S&P up over 1% for the day.
 
Chomsky said:
In general terms, doing worse than currently.

In specific terms, losing employment & production from pass through costs, while raising inflation & prices to consumers. To say nothing, of market uncertainties.
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If it can be worse and if we choose not to correct it, we deserve the consequences. Pretty soon the dollar won’t be worth squat and we’ll be buying Chinese yen to use in world trade, because Chinas trading partners won’t have a need for dollars.

Google “one belt, one road” for background on what challenges we can expect.

One can only hope China overplays it’s hand as it historically does.
 
chuckiechan said:
If it can be worse and if we choose not to correct it, we deserve the consequences. Pretty soon the dollar won’t be worth squat and we’ll be buying Chinese yen to use in world trade, because Chinas trading partners won’t have a need for dollars.

Google “one belt, one road” for background on what challenges we can expect.

One can only hope China overplays it’s hand as it historically does.
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On the other hand now that all the world is bound together with the wealthy middle men more or less in charge once the economy starts to go ( and it will, it is terminal, and the so called-ed geniuses dont have a clue so it cant get better, all they do now is bounce from crisis to crisis) it will all go....it will be humanities very first global depression....likely a long one.

We will all be proud I am sure.
 
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