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David Raymond Amos‏ @DavidRayAmos 

Replying to @DavidRayAmos @Kathryn98967631 and 48 others

Methinks the news today should surprise nobody with two clues between their ears N'esy Pas?

https://davidraymondamos3.blogspot.com/2018/12/trumps-tariff-man-talk-spooks-investors.html

#nbpoli #cdnpoli


 https://www.cbc.ca/news/business/stock-markets-tuesday-1.4932349

Trump's 'tariff man' talk spooks investors, sends stock markets plunging

513 Comments

  
Glenn Martin

Wait a minute. Trump thinks that tariff money is enriching the US? But the people paying the tariffs are US citizens and companies when import foreign goods. There's no new money there! He knows nothing about how tariffs work.
Essentially he's causing citizens and businesses to pay the US government. It's like a tax raise only stupid.

peter andersonPreparing for a gloomier future? CNN says today, it is a clear sign of US recession. Dow is sharply plunging 800 points staggeringly today. US market is obviously not convinced by Trump’s advisor comments, as his economic hardliners rush to spread rumors and self-claimed victory from meeting with China in regards the trade war, undisciplinedly, such as Trump phoned and wrote to Chinese leader requesting a meeting to discuss the trade war, days before G-20 in Argentina. US news reports that more than 70 % US corporations and citizens rely on stocks to finance their expenses and capitals. On the contrary, only 10 % of Chinese citizens buy stocks. The fact is the trade war only punishes US consumers while China exports surges 22 % ,14 % and 9,8 % in Oct. , Sep. and Aug. 2018 respectively. China is the world largest market. Chinese giant Alibaba annual “One Day Sale” hits a shocking 32 billion US dollars just days ago vs US black Friday sales of 5 billion dollars. One hopes both countries can work out a deal based on all facts. The report by the Deutsche Bank Research and many others, the trade imbalance between the United States and China is grossly misleading in US trade data. Apple, GM, Intel, Boeing and other US companies sold a combined total of 372 billion goods through their Chinese branches. The figure not put into US trade export number to China. The actual US trade deficit is only 30 billion dollars. In addition, US dominates and profits enormously from Chinese service sectors such as US food chains, cosmetic, tourism ( 100 billion spending from Chinese tourists, students and investments)….

http://www.iiss.com/html/article/20184/3/a164bb.html

https://www.lombardiletter.com/top-10-countries-with-the-most-debt-2017-should-worry-you/9518/

David Amos

@Glenn Martin "Essentially he's causing citizens and businesses to pay the US government. It's like a tax raise only stupid."

True but methinks we suffer more because the Yankees buy local and we sell less to them for a lower price N'esy Pas?

David Amos

@peter anderson "Preparing for a gloomier future? CNN says today, it is a clear sign of US recession. Dow is sharply plunging 800 points staggeringly today."

Methinks the news today should surprise nobody with two clues between their ears N'esy Pas?

Marguerite Deschamps

@Glenn Martin, a stupid tax which characterizes the one responsible for it.

David Amos

@Marguerite Deschamps Methinks your lawyer should explain to you my files and my lawsuit someday N'esy Pas?

Content disabled.

David Amos

@Jim Palmer Methinks Captain Bankruptcy was too dumb to read this file that I sent his lawyers not long after he came down the fancy escalator in his Tower to announce his run for the oval office in the summer of 2015 N'esy Pas?

https://www.scribd.com/doc/2718120/integrity-yea-right

David Amos

@David Amos Oh MY My that was a rather telling thing about integrity N'esy Pas?

Steve Whitaker

In 2008, Trump defaulted on $300 million he owed the real estate division of Deutche Bank, borrowed for bad real estate deals. In 2010, he paid back that money. How? He borrowed it from the private wealth division of Deutche Bank, which was laundering money for Russian oligarchs. Source: Newsweek. Why would a bank lend him money to pay itself back? Ask Putin and pals.
It was their money.

William Myles

@Steve Whitaker By any measure, Trump has lost several times more billions than he has ever made. He just forces other people to take the losses. Anyone adding him up, would declare him a disaster.

Phil Beech

@William Myles Care to give some credible proof of your claims?

This comment is awaiting moderation by the site administrators.

David Amos

@Phil Beech "Care to give some credible proof of your claims?

I do

https://www.scribd.com/doc/2718120/integrity-yea-right

 
Heath Tierney

Another day, another trump fail.

Top four one-day falloffs in Dow history, all on trump's watch.

1 2018-02-05, loss of 1,175.21 points
2 2018-02-08, loss of 1,032.89 points
3 2018-10-10, loss of 831.83 points
4 2018-12-04, loss of 799.36 points

Now, trumpians, come tell the rest of the world that this is a coincidence and has nothing to do with trump.

David Amos

@Heath Tierney Methinks you should Google the following if your question was not rhetorical in nature N'esy Pas?

trump cohen david amos nafta fatca tpp

Trump's 'tariff man' talk spooks investors, sends stock markets plunging

U.S. yield curve inverts as pessimism about growth potential comes roaring back

Pete Evans · CBC News · Posted: Dec 04, 2018 5:19 PM ET

U.S. stock traders went on a wild ride on Tuesday as fears over growth potential came back with a vengeance. (Richard Drew/Associated Press)


Stock markets fell precipitously on Tuesday as weekend optimism that the U.S. and China could de-escalate their trade war fell by the wayside.

The Dow Jones Industrial Average fell more than three per cent, or 799 points, to 25,027. The broader S&P 500 fared even worse, losing 88 points to close just above 2,700. And the technology-heavy Nasdaq was worst of all, down almost four per cent, or 283 points, to 7158.

• Analysis
  Winners and losers of the looming trade war between China and the U.S.

The TSX was comparatively better off, down only 1.3 per cent, or 211 points, to 15,063, as a rebound in oil prices "helped to break the fall of the Canadian markets a little bit," said Colin Cieszynski, chief market strategist at SIA Wealth Management.

Both the New York Stock Exchange and the Nasdaq will be closed on Wednesday for the funeral of former president George H.W. Bush, so U.S. investors will have to wait until Thursday if they want to alter their currently gloomy view.

"People were willing to pile in yesterday but today perhaps the bulls and bargain hunters were a little more reluctant to step in," Cieszynski said. "We'll see what happens when U.S. trading resumes on Thursday."

The causes of the dour mood were myriad, but they all boil down to fears that the economy is in for a bumpy ride.

• Analysis
  It's been 3,453 days since the last bear market, so is one about to roar?

"It's more concerns about China and Trump," Barry Schwartz, chief investment officer with Baskin Wealth Management, said in an interview. "I thought we had the truce but the market decided to get skeptical on it today."

'Something turned out to be nothing'

That gloom was a marked change from Monday, as U.S. markets had a mini rally after the weekend summit between U.S. President Donald Trump and Chinese President Xi Jinping agreed to what seemed like a ceasefire in their roiling trade war.

The U.S. administration on Monday claimed China had agreed to lower several tariffs on U.S. goods, but Chinese media outlets made no mention of such a concession. Then White House officials on Tuesday struggled to explain what — precisely — the two sides have actually agreed to do.

"The sense is that there's less and less agreement between the two sides about what actually took place," said Willie Delwiche, investment strategist at Baird. "There was a rally in the expectation that something had happened. The problem is that something turned out to be nothing."

• 3 things to look for as Canada's big banks reveal quarterly results this week

"As soon as investors digested the information from the discussions, they focused on the uncertainties and lack of details," said Ryan Nauman, market strategist at Nevada-based Informa Financial Intelligence.

Those smouldering flames then had gasoline poured on them later in the day, when Trump made a series of statements on Twitter that reconfirmed he's as committed to trade barriers as ever.

Donald J. Trump ✔ @realDonaldTrump

....I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN

90.7K

11:03 AM - Dec 4, 2018

"There was no news today," Schwartz said. "There was some stupid tweets but really no news of substance."

It didn't help the mood that the bond markets started making a sign that has a track record of predicting recessions in the past.

The yield curve on U.S. three-year government bonds versus five-year bonds inverted — meaning the rate for the former is now higher than the one for the latter. (Under normal circumstances, long-term debt has a higher yield than shorter-term debt, to reward investors for locking in their money for longer. For more on why inverted yields are so fearsome, read this story.)

Inverted yields suggest investors aren't feeling confident about the future, and there's a strong correlation between the appearance of an inversion and the U.S. economy going into a recession shortly thereafter.

• Are investors right to finally be worried about higher interest rates?

"When short-term interest rates are higher than long-term, it definitely tells you people are worried about the economic outlook for the future," Schwartz said.

But he thinks the gloom was overblown. The global economy has been growing at a healthy clip for several years in a row now, and he sees no reason to think that won't continue into 2019. "But skepticism is winning the day," Schwartz said. "This is where the markets want to be for now."

About the Author

 

Pete Evans

Senior Writer, CBCNews.ca

Pete Evans is the senior business writer for CBCNews.ca. Prior to coming to the CBC, he had stints at Report on Business, the Financial Post, the Toronto Star, Canadian Business Magazine and elsewhere. Twitter: @p_evans Email: pete.evans@cbc.ca Secure PGP: https://secure.cbc.ca/public-key/Pete-Evans-pub.asc

With files from CBC's Meegan Rea