Posted on 12/07/2018 6:38:44 AM PST by SeekAndFind
The stock market plunged Tuesday, and with futures trading down heavily before the market opens shortly, it looks as though the market will have erased all of the gains in 2018 when trading resumes. The development that seems to have triggered this rebuke to President Trump's boasts about the stock market was an unprecedented event: the arrest in Canada of the chief financial officer (and daughter of the founder) of Chinese electronics giant Huawei, on a warrant from the U.S. over alleged violations of the Iran embargo.
David P. Goldman (also known as Spengler), writing in Asia Times, writes of the suspicions that trouble me as well:
[N]ever before has the United States attempted the extraterritorial rendition of a foreign citizen – Meng [Wangzhou] is a Chinese national – in connection with sanctions violations. It has imposed travel and banking restrictions, but seeking an arrest warrant for this is entirely without precedent.
The timing was precise:
Meng was arrested on December 1, the day that President Trump and his economic team dined with President Xi Jinping and his advisers at the Group of 20 Summit in Buenos Aires. Trump has every interest in striking a deal with China that would enable him to declare some measure of victory in a trade war, and China has shown every indication that it is willing to make concessions to the United States on intellectual property protection, financial market opening and, at least in rhetoric, on industrial policy, while increasing its imports from the United States.
The question is: Who ordered the arrest, and why?
Goldman sees two general possibilities: that Trump knew about and approved the arrest (despite the probably negative effects on the trade deal he seeks) or that he was not witting.
(Excerpt) Read more at americanthinker.com ...
You know if you have to ask...
Yes
I figure the chances of it crashing worse than 2008 are better than 50/50. And it’s not just the deep state. they’ve been kicking the can down the road HARD for a long time, but especially since early 2008. They didn’t fix a damn thing back then. They just staved off the inevitable. Every time they do that, it is more difficult than the time before.
Eventually, they will not have the power to do anything about it. It’s like those movies where the guy realizes there is nothing they can do, and you just see his face as his airplane/train/spaceship careens those last few seconds toward inevitability.
We are getting close. I suspect six years at the most and probably a lot less.
Now explain how any of these things is good for America
“Is the deep state trying to tank....the economy...”
In their own nefarious, subversive, duplicitous way,
YES!
IMHO
Of course they are.
We had the temerity to elect a President who is trying to shut down the Bush Plan for North Mexico when BOTH parties have spent the last 30 years trying to prevent the citizens from keeping their country.
A. there is no China trade deal
B. Trump tanked the stock market with his tariffs, which whether you agree with them or not as policy, are bad for the stock market.
C. Trump ordered the policies that led to the Huawei arrest.
The typical recent bear market has lasted 10-15 months.
Recessions are usually over by the time that they are recognized.
I'm certain the Deep State would love to (particularly if the recession hit the Deer Hunter states and spared CA, NYC and the Washington DC suburbs), but their timing is awful.
Think about this.
When Trump got elected the economy began to rocket forward following 8 long years of Obama’s economic anemia.
Almost immediately when Trump started to take credit for the economy, the stock market, and 401(k) valuations, the market suddenly started a sustained reversal. Nothing changed. The fundamentals are the same, yet rather than minor ups and down, the market started plunging 500, 600, 800 points at a time. Coincidence?
And look at the corrupt MSM. For 8 years under Obama the financial media was ever hopeful about the economy and when bad news occurred it was “unexpected”. Now, however, the financial media is without question decidedly negative about the economy almost wishing for and certainly amplifying anything negative in an effort to tank the economy. So, yes, I believe this is political.
That's what should be discussed before anything else.
Yes. It’s time for all true Americans to fight, politically speaking, with our minds, our mouths, our votes and little bits of our money. And get more of our people back to producing.
MIT just released a Report and Recommendations on MIT's relationship with Saudi Arabia.
Executive summary: they sponsor lots of research and we like that and will take money. They are troglodytes. But still, they have money so we'll keep taking that.
This is exactly what happened in 2008. The subprime paper was hanging all over Wall St just needed a nudge to create a panic and that is what the deep state did; just drive up the futures on crude and viola.
Well covered and I think correct. These staccato plunge events with struggles back up are some big players tanking the market in a coordinated effort followed by the small investors in an uncoordinated activity gaining enough courage to venture back out of safety and the shadows to claw the market back up again. This may be combined with the big players buying up scared or forced margin sales.
The fundamentals have not changed. Corporate coffers are being filled with repatriated low tax dollars. This incentive to repatriate dollars with lowered tax rates only took place at the start of this year. The effect is yet to be seen as it takes time to move trillions of dollars. Eventually a surge in US investment in manufacturing will come but it will not include a surge in employment. We will not need the masses of uneducated aliens that so many want but instead will need technicians and a few low skilled machine feeders. Restored US manufacturing will out modern and out automate the chicoms. While democracies are stupid capitalism is not.
If Trump blinks none of the resurgence will happen and the repatriated dollars will go elsewhere. I believe that the powers organized against Trump are working the market to get us and him to retreat. This will be ugly and painful and Trump knows this. My concern though is that the reality of any success will only be moderate and not worth the pain. The margin we are up against is small, cheap chicom labor against automation. The prize though is our ability to make things and not be economic slaves of the chicoms. The stage we are in now reminds me a bit of the Clean Air Act of ‘94 event that took place in refining. It was a game of chicken to see what old refineries would throw in the towel first with the winners that are left having a larger share of the market and able to reinvest in the needed upgrades.
I know we were constituted as a republic but we have morphed far away from that to a near democratic autocracy. am autocracy elected by the masses for their alleged benefit but in reality just enough benefits for them to keep coming back for more. We are in an economic struggle with the chicoms offset by a political struggle to sustain the status quo of votes for trinkets that allows elections to be swayed by only a small margin of the population until we are no longer a 48 / 48 nation.
I don’t believe in coincidence. These large point moves for little of nothing are orchestrated and may become a pattern but a hard to predict one save for the likelihood that they will come.
If this market is not being manipulated downward to discourage the voters I’ll eat my hat.
Absolutely and a resounding YES, YES, YES!
No. 2018 is a dumb time to try to be effecting the 2020 election. Especially highly fluid things that will bounce back from any artificial flux.
look at the stock market reaction during the election. We say a major drops as they predicted with a Trump win. This was the libtards with large amount of cash that can be used to sell off stocks only to repurchase a little later with limited loss in value.
It is a game that has been going on especially in the last few week.
look at the stock market reaction during the election. We say a major drops as they predicted with a Trump win. This was the libtards with large amount of cash that can be used to sell off stocks only to repurchase a little later with limited loss in value.
It is a game that has been going on especially in the last few week.
You beat me.
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