China rolls back tariffs

This is really funny. He is taking credit for "correcting" a problem he caused himself. Prior to Trump igniting the trade war, China lowered its tariffs on automobiles to 15 percent, from 25 percent as a good will gesture in hopes a trade war could be avoided. However, after Trump raised US tariffs on Chinese automobiles to 27.5% in a bizarre response, China raised the rate on U.S. autos to 40 percent.
 
Did the Chinese tariffs go back to 15%...
Or did they go lower???

There is an old story about a tooth ache...
Does one live with a tooth ache...
Or does one suffer the pain of a root canal... to FIX The tooth ache?

IMO economics and deal making are not much different.
 
Guard Dad said:
Found this article too

https://www.westernjournal.com/trum...tm_content=2018-12-02&utm_campaign=manualpost
Click to expand...
The President just signed a farm bill that subsidizes US farmers to the tune of $400 million. This is the same man who speaks loudly of Chinese manufacturing subsidies.

The article really doesn't say much except that China will resume farm product purchases. The devil is in the details "to be worked out". In all likelihood, the China agreement will be pretty much a wash as is the Canada and Mexico agreement. Trade one plus for another minus, different but not really better. In the end the only winner is the government collecting the tax dollars from consumers and redistributing them in exchange for votes.
 
IMO...

The problem with govt... is the people who are elected... grin

Now there is a problem with this also... in that there WILL be people elected... and we cannot function as a society without govt...

And in all my years... and studies of history... I have never found a perfect polecat... has anyone else???
If so, please post... grin!

So, as usual...
We vote for the lesser or two evils...
And make the best of it.

IMO being negative about everything the lesser of two evils does....
Tends to cloud ones perception of the good things that same lesser of two evils did... which would NOT have been done, had the worse of two evils been elected.

We have, IMO, too much negativity and hate already...

Wonder if a positive attitude, and be thankful for what we have... rather than fussing over split milk... might work better???

Reminds me of the stories on this forum of the mother who recently passed...
I suspect she was more positive... even though she KNEW of the negatives...

Note this comment is not pointed at any one person...
Rather expressing some thoughts.

Here you go... some positive thoughts:

Merry Christmas and a Happy/prosperous New Year to all
(There... that positive... grin)
 
Very disappointed in the market yesterday. S&P up barely over 1 percent. Either nobody believes Trump (likely) and are waiting for a deal to materialize, or they have decided that the damage is done, the market has matured, and it's time for a correction anyway (also likely). With "good" rumblings from the Fed about maybe skipping a rate increase, and Trump claiming a deal with China is imminent, all over the weekend, I would have expected 3%. I guess that's why they call it gambling.
 
JawJa said:
IMO...

The problem with govt... is the people who are elected... grin

Now there is a problem with this also... in that there WILL be people elected... and we cannot function as a society without govt...

And in all my years... and studies of history... I have never found a perfect polecat... has anyone else???
If so, please post... grin!

So, as usual...
We vote for the lesser or two evils...
And make the best of it.

IMO being negative about everything the lesser of two evils does....
Tends to cloud ones perception of the good things that same lesser of two evils did... which would NOT have been done, had the worse of two evils been elected.

We have, IMO, too much negativity and hate already...

Wonder if a positive attitude, and be thankful for what we have... rather than fussing over split milk... might work better???

Reminds me of the stories on this forum of the mother who recently passed...
I suspect she was more positive... even though she KNEW of the negatives...

Note this comment is not pointed at any one person...
Rather expressing some thoughts.

Here you go... some positive thoughts:

Merry Christmas and a Happy/prosperous New Year to all
(There... that positive... grin)
Click to expand...
She was quite aware of the negative things, but chose to focus on the positive.
 
Oil and copper are on the way up...

When I saw oil go down as far as it did... I figured that was a 'made market' buying opportunity...
Added some BPT to my portfolio (BPT is an oil royalty trust... pays a HUGE dividend)

'Dr Copper' as it is called... is a leading indicator of future industrial activity...
When I saw it going down last summer... became concerned.
IMO it will S L O W L Y go back up... too slowly for me to invest in a copper producing company...
Also too much scrap copper around.

Note: DYODD (do your own due dilligence) before taking any investment recommendations GA posts...
Like most other investors... I have made and lost $$$... :)
 
Boss 302 said:
She was quite aware of the negative things, but chose to focus on the positive.
Click to expand...

That was my point... THX for affirming it!

I hope we can go that route... rather than continue to be negative all the time.

And along the way... learn to not trust polecats... grin!
 
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lotstodo said:
Very disappointed in the market yesterday. S&P up barely over 1 percent. Either nobody believes Trump (likely) and are waiting for a deal to materialize, or they have decided that the damage is done, the market has matured, and it's time for a correction anyway (also likely). With "good" rumblings from the Fed about maybe skipping a rate increase, and Trump claiming a deal with China is imminent, all over the weekend, I would have expected 3%. I guess that's why they call it gambling.
Click to expand...
Same here. I made a few more tax strategy (reposition) moves yesterday while still to my advantage and picked up a few new positions this morning. I'm expecting a downward correction before the new Congress take control so my buying is probably done for a while.
 
lotstodo said:
Very disappointed in the market yesterday. S&P up barely over 1 percent. Either nobody believes Trump (likely) and are waiting for a deal to materialize, or they have decided that the damage is done, the market has matured, and it's time for a correction anyway (also likely). With "good" rumblings from the Fed about maybe skipping a rate increase, and Trump claiming a deal with China is imminent, all over the weekend, I would have expected 3%. I guess that's why they call it gambling.
Click to expand...
Well we got our 3% today. Unfortunately it was down after another day of the Trump Tweeter.
 
Wonder if we will get a 'dead cat bounce' tomorrow...

Oh yeah... no market tomorrow... presidential funeral.

Curious markets...
It is almost as though folks are looking for a move... to gamble on...
That usually does not turn out well... as the insiders usually win... and us outsiders... well we pay.

I am in double digit dividend stocks... as long as the dividends are not cut... I will make about 12.5-13% on my current portfolio.
OTOH... the face value of the stocks is not what it was a day ago... :(
 
Had a chat with our financial person yesterday. She said, and I'm paraphrasing in words I can understand, that the market is wacky. She said there are a lot of automatic buy/sell situations, which are very unpredictable to the overall outlook. And that a lot of people are acting very emotionally, based on hearsay. Overall, not any fun. She has had a few of her clients basically check out.

Overall, she said it was probably good that I have a large cash holding. And even though the market is down, she wouldn't advise trying to buy any "bargains", as they could easily stagnate or go down further.
 
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