karennma
8,057 posts
msg #145132
- Ignore karennma |
10/29/2018 4:06:32 PM
Wolf Richter - YT has changed their system. You ave to PAY to watch a lot of videos.
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karennma
8,057 posts
msg #145140
- Ignore karennma |
10/30/2018 7:20:26 AM
@ Chese,
This guy is correct. This CRASH has nothing to do w/ mid-term elections. It's all about tariffs/China & interest rates.
I posted a similar article in March when Gary Cohn quit. (se below)
He said the markets would crash if tariffs were imposed on China.
CLICK March 6, 2018
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karennma
8,057 posts
msg #145141
- Ignore karennma |
10/30/2018 7:25:34 AM
CLICK
"Asked about a new tariff announcement, White House Press Secretary Sarah Sanders told a briefing: "I'm not going to get ahead of the president's meeting and I hope it goes well."
I hope it goes well too, otherwise, I'll be f*d for LIFE!
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karennma
8,057 posts
msg #145144
- Ignore karennma |
10/30/2018 9:27:16 AM
karennma
7,095 posts
msg #145131
- Edit message 10/29/2018 4:05:28 PM
AMZN - low $1495 - Gap filled!
===========================
But since we're in a CRASH, it doesn't matter.
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Cheese
1,374 posts
msg #145145
- Ignore Cheese
modified |
10/30/2018 9:27:58 AM
Thank you, karennma.
I don't know if this is your cup of tea or not. But, I got a better perspective by browsing
English-language China news media, e.g. on Twitter, etc
China is a very tightly controlled society. Semi-official media are actually government mouthpiece.
Leaks are usually controlled permissible leaks.
China views and strategies on tariffs and trade ware are impressively clear and clever
compared to the incoherent rambling from 45.
In a nutshell, according to my understanding or misunderstanding:
* China wants to wait for mid-term elections outcomes
* China drastically reduces imports of US soybeans by replacing much soybeans in cattle feed
with other protein sources
* China told US that Chinese can make and sustain bigger personal sacrifices longer than American people can
* Rising US rates means China will get higher interest payments in higher valued USD.
Many US pensions are unfunded, and rely on high asset values to fund current needs.
Remember the past debacle with Orange County, CA when they took excessive risks to cope?
* China reduces reliance on buying new issues iUS treasury bonds, and turns to quality Russian municipal bonds instead
* I save the best for last: China has designed a clever way to deal with Trump tariffs:
China hits more US products with China tariffs, thus hurting more of Trump base.
But China also lowers their tariff rates so shield Chinese businesses and consumers
from the financial impacts of Chinese tariffs, which are essentially Chinese taxes on Chinese.
* China is working on trade agreements with the rest of the world.
America may find itself facing powerful rivals with few allies left because 45 screwed
too many old friends.
In summary. China is ready for a long trade war.
If you can read Chinese news in Chinese, you may get even better insights.
I forgot this important tidbit: US trade deficit with.China still increased.
China is buying less from America (in some cases for good US reasons
because Chump didn't want to sell prized US techs)
but US businesses and consumers still want to buy more from China
with their higher USD.
Chump tariffs and the Fed higher rates are burning the US financial candles on both ends.
Chump needs to end the trade war and the Fed needs to slow the pace of higher rates
to allow US growth to conti.ue at healthy rate.
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karennma
8,057 posts
msg #145146
- Ignore karennma |
10/30/2018 9:57:45 AM
But since we're in a CRASH, it doesn't matter.
Cheese
212 posts
msg #145145
- Ignore Cheese 10/30/2018 9:27:58 AM
In summary. China is ready for a long trade war.
If you can read Chinese news in Chinese, you may get even better insights.
==================================================
My x-husband is Chinese. I already know how vicious they are.
The Ch. gov't is relentless. And it's true - China can sustain & survive long drawdowns much better than Americans. They're used to it.
This is Y I'm so upset.
Re: Tariffs and Interest rates ...
Gary Cohn knew what was gonna happen last year and said so in Aug 2017. He quit 6 months later..
Insiders KNEW this would happen.
Most of the stuff AMZN sells is from China, so China can bring AMZN to it's knees (in share price).
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karennma
8,057 posts
msg #145147
- Ignore karennma |
10/30/2018 11:46:48 AM
I'm so pissed off, I feel like buying some AMZN calls.
Jan'19 1550 calls are $10,400.
But I can't afford to take that risk.
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karennma
8,057 posts
msg #145148
- Ignore karennma |
10/30/2018 11:48:26 AM
NVDA = $193.
LOWER than where I bot it a year ago.
SMH ...
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four
5,087 posts
msg #145152
- Ignore four |
10/30/2018 10:21:37 PM
https://www.marketwatch.com/story/godfather-of-chart-analysis-says-damage-done-to-the-stock-market-is-much-much-worse-than-anyone-is-talking-about-2018-10-30
Ralph Acampora
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karennma
8,057 posts
msg #145153
- Ignore karennma |
10/31/2018 9:25:58 AM
karennma
7,099 posts
msg #145147
- Edit message 10/30/2018 11:46:48 AM
I'm so pissed off, I feel like buying some AMZN calls.
Jan'19 1550 calls are $10,400.
But I can't afford to take that risk.
=====================
Now $12,500
EZ money!
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