China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline

Discussion in 'Politics' started by Tsing Tao, Aug 26, 2019.

  1. Translation: CNN and MSNBC function as PACS for the democrats, just as republicans argue.
     
    #51     Aug 28, 2019
    smallfil and piezoe like this.
  2. piezoe

    piezoe

    This is a great advantage to democrats. Since...
    Truth ≡ Fact ≡ CNN ≡ MSNBC ≡ PACS ≠ Hannity
     
    #52     Aug 28, 2019
  3. Sure. Saves you and your ilk from having to think.

    A few minutes a day of watching Don Lemon crying and Rachel Maddow crapping her pants over Stormy Daniels, and your brain is pretty much up on blocks for the rest of the day.

    You are ready to go back to arguing- based on your government career- that education and healthcare should be provided down at the local DMV - the only "business" model you know.
     
    #53     Aug 28, 2019
  4. Cuddles

    Cuddles

    I like that non biased source showing politifact having been found slanting the truth

    [​IMG]
     
    #54     Aug 28, 2019
  5. Tsing Tao

    Tsing Tao

    First, thank you for posting the tweet so I can see it. I appreciate that.

    Second, I can provide multiple sources stating perfectly valid reasons why Politifact is biased. But you will leap at every one of them and call them biased simply because they call Politifact biased. You're not an honest debater.

    Here's a funny one.

    https://www.politifact.com/truth-o-meter/article/2018/nov/06/politifact-not-biased-heres-why/

    Politifact telling us why Politifact is not biased.
     
    #55     Aug 29, 2019
  6. Tsing Tao

    Tsing Tao

    https://www.zerohedge.com/news/2019...-calls-china-boost-markets-aides-admit-report

    Trump Made Up "High Level Phone Calls" With China To Boost Markets, Aides Admit: Report

    Just before Europe opened on Monday morning, with US equity futures tumbling below 2,800 and the Chinese yuan in freefall after a tense weekend in which traders stewed over the latest trade war escalations and rushed to sell, algos sent risk surging following a statement by President Trump in Biarritz, France, that "China called last night" and said they want to resume trade talks, later elaborating that two "high-level" Chinese officials had called to try and restart stalled negotiations. He turned to Treasury Secretary Steven Mnuchin for backup, and Mnuchin said there had been "communication," later amending it to "communications."

    Almost immediately, China denied that any phone call had taken place, insinuating that Trump had made up the entire event - ostensibly to avoid a market landslide, and if so, Trump indeed achieved his goal: in the span of seconds, the market mood changed, and stocks surged on Monday, and have continued their ascent higher on the assumption that sentiment in the trade war had shifted. The reality, of course, is that there was little doubt as to whether a phone call had ever taken place. It hadn't.

    Time for a fake phone call between the US and China

    — zerohedge (@zerohedge) August 27, 2019

    CNN report, White House aides "conceded the phone calls Trump described didn't happen they way he said they did," and "instead, two officials said Trump was eager to project optimism that might boost markets, and conflated comments from China's vice premier with direct communication from the Chinese," precisely as we said had likely happened on Monday morning.

    Trump has become increasingly concerned about the market's inability to rise comfortably above 3,000 and is agitated, CNN reports, because "the economy is flashing warning signs Trump didn't expect, his trade war with China is dragging on months longer than expected yet he refuses to give in," and he's "spinning to find victories to sell to voters."

    For now, Trump is enjoying an S&P that remains just a few percent below its all time highs. But what happens once algos realize that Trump will say any lie just to push risk assets higher? And is that why bond yields continue to grind to new all time lows, because while stocks may be fooled by Trump's lies, bonds know that the more Trump tries to push stocks higher, the greater the fall in risk assets will be.
     
    #56     Aug 29, 2019
  7. easymon1

    easymon1

    BS from Fox News? my eight ball just told me to "Consider the Possibility"

    Those Long Bridges Can Throw You A Curve Sometimes.

    We Shall See.

    Keep your eyes on your fries.

     
    Last edited: Aug 31, 2019
    #57     Aug 31, 2019
  8. smallfil

    smallfil

    Nobody with a lick of common sense bases their trading decisions on a tweet or even CNBC, Bloomberg or any news media. If you are, you deserve to lose ALL your monies! You might get lucky 1 time out of 20 but, good luck on the 19/20 times you lose your shirt and your pants too! Our resident foreign trolls love every tweet of Donald Trump as well as every bit of disinformation fed by the likes of Sara Eisen of CNBC. Yet, she does not answer my tweet to dispute her wild, bogus claims? Think about it. If what she is saying is the truth, she would dispute my rebuttal as tweets are seen by millions in a very short period of time! Her credibility is on the line each time she lies? I put it on her tweets too, so that the millions of Americans can see the truth for themselves!
     
    Last edited: Aug 31, 2019
    #58     Aug 31, 2019