Jason Posted August 1, 2019 Share Posted August 1, 2019 https://nyti.ms/32ZNgPL Quote Link to comment Share on other sites More sharing options...
MarSolo Posted August 1, 2019 Share Posted August 1, 2019 Trump supporters: “Ugh, the Democrats want to raise our taxes to fund things like HEALTHCARE!” Also Trump supporters: “YAY TARIFFS!” Quote Link to comment Share on other sites More sharing options...
osxmatt Posted August 1, 2019 Share Posted August 1, 2019 I had a few 8/2 options that just got royally fucked by this. Quote Link to comment Share on other sites More sharing options...
silentbob Posted August 1, 2019 Share Posted August 1, 2019 I’m surprised he didn’t announce them for Sept 11th to get more attention for the day ”I’m telling you. We are going to crush them for everything they owe us. We’re going to come down harder, and faster then when the two towers fell. That was like 19-20 years ago.” face palms from everyone on staff, and split off to various networks to explain what the president really meant with his statement. No it wasn’t in bad taste but he should of made things a little clearer sad that I somehow see how this could happen one day 2 Quote Link to comment Share on other sites More sharing options...
Commodore D Posted August 2, 2019 Share Posted August 2, 2019 14 hours ago, osxmatt said: I had a few 8/2 options that just got royally fucked by this. That sucks. While this type of activity from Trump has been good for pumping and dumping back to pumping, it definitely can hurt options if his proclamations happen at inopportune times. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted August 5, 2019 Share Posted August 5, 2019 It’s going to be a bloody Monday in the markets... https://www.bloomberg.com/news/articles/2019-08-05/china-hits-back-at-trump-with-weaker-yuan-halt-on-crop-imports Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted August 5, 2019 Share Posted August 5, 2019 One big longer-term question is whether Powell will continue to accommodate Trump, or whether he’ll hold steady and follow the market into recession. He could easily tip the scales given that the market’s already priced in several more rate cuts. I’m of the opinion the Fed can’t stop a recession from happening, but can forestall it for a time, and the timing could be crucial to the short-run outcome of the trade war. Either way, Long run, China will come out on top, IMO. It’s better prepared for the long game and doesn’t have to worry about public opinion. I’m not totally against industrial policy in all circumstances, but the populists and Trump have picked a fight they can’t win. In an ironic twist, if they lose the upcoming election, they might be able to avoid the consequences by blaming any ensuing recession on a democratic president. Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted August 5, 2019 Share Posted August 5, 2019 On 8/1/2019 at 1:51 PM, MarSolo said: Trump supporters: “Ugh, the Democrats want to raise our taxes to fund things like HEALTHCARE!” Also Trump supporters: “YAY TARIFFS!” That’s because they believe him when he claims the tariffs charge those foreign countries. They cannot get it through their thick heads that tariffs are equivalent to shipping something “cash on delivery”. Americans and American business end up paying the increased taxes. When there isn’t an inexpensive domestic alternative it hurts Americans. When other countries charge retaliatory tariffs and have either domestic alternatives, alternatives from other nations, or simply just stop buying our exported goods that also hurts American business. But Donald says tariffs are good, and his base has been told to only believe what he tells them. And they do. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 Quote "Risks of Trump intervening in foreign exchange markets have increased with China letting the yuan go," wrote Viraj Patel, FX and global macro strategist at Arkera, on Twitter. "If this was an all out currency war - the US would hands down lose. Beijing [is] far more advanced in playing the currency game [and has] bigger firepower." Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 On a scale of 1 to 10 for the response to the Imbecile's threats, what Beijing just did is 11. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 5, 2019 Author Share Posted August 5, 2019 18 minutes ago, SFLUFAN said: On a scale of 1 to 10 for the response to the Imbecile's threats, what Beijing just did is 11. good and easy to win Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 4 hours ago, Amazatron said: It’s going to be a bloody Monday in the markets... https://www.bloomberg.com/news/articles/2019-08-05/china-hits-back-at-trump-with-weaker-yuan-halt-on-crop-imports Bloodbath in full effect. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 5, 2019 Author Share Posted August 5, 2019 7 minutes ago, SFLUFAN said: Bloodbath in full effect. Quote “It’s among the worst-case scenarios,” said Michael Every, head of Asia financial markets research at Rabobank in Hong Kong. “First markets sell off, then Trump wakes up and this all gets far, far worse.” Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted August 5, 2019 Share Posted August 5, 2019 I’ve often wondered what, if anything is there to stop China from calling in our debt to them. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 Those stock market circuit breakers are gonna kick in soon at this rate. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 4 minutes ago, Spawn_of_Apathy said: I’ve often wondered what, if anything is there to stop China from calling in our debt to them. The collateral damage to their economy. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 VIX is up 32% Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted August 5, 2019 Share Posted August 5, 2019 11 minutes ago, SFLUFAN said: The collateral damage to their economy. But there is not an international banking and finance law that would prevent Xi from blowing up the global economy just to fuck Donald right in his mouth? Thank goodness Xi is more concerned with China than Donald is with America. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 3 minutes ago, Spawn_of_Apathy said: But there is not an international banking and finance law that would prevent Xi from blowing up the global economy just to fuck Donald right in his mouth? No. Quote Link to comment Share on other sites More sharing options...
chakoo Posted August 5, 2019 Share Posted August 5, 2019 I wonder if we will hit 1k pt loss today before the markets close. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 5, 2019 Share Posted August 5, 2019 11 minutes ago, chakoo said: I wonder if we will hit 1k pt loss today before the markets close. And then when it rises back up in a few months, Trump can take credit again for it passing X milestone for the 10th time in his Presidency! 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 21 minutes ago, chakoo said: I wonder if we will hit 1k pt loss today before the markets close. Seems quite likely. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 Recovering a bit now. Quote Link to comment Share on other sites More sharing options...
chakoo Posted August 5, 2019 Share Posted August 5, 2019 7 minutes ago, SFLUFAN said: Recovering a bit now. Meh, just probably people buying who think the drop has bottomed out. It will be interesting to see how asian markets react later tonight and how the US markets will be tomorrow. 25 minutes ago, CitizenVectron said: And then when it rises back up in a few months, Trump can take credit again for it passing X milestone for the 10th time in his Presidency! Trumps a *king idiot. He'll take credit for when nothing is actually happening. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted August 5, 2019 Share Posted August 5, 2019 Futures tanking again after U.S. Treasury calls China a “currency manipulator”. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 US designates China as a currency manipulator https://www.theguardian.com/us-news/2019/aug/05/us-designates-china-as-currency-manipulator?CMP=Share_AndroidApp_Copy_to_clipboard Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 5, 2019 Share Posted August 5, 2019 So what's that mean Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5, 2019 Share Posted August 5, 2019 1 minute ago, b_m_b_m_b_m said: So what's that mean It means that the US will seek IMF cover for further tariffs. Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted August 5, 2019 Share Posted August 5, 2019 5 hours ago, Spawn_of_Apathy said: I’ve often wondered what, if anything is there to stop China from calling in our debt to them. For the most part The debt they own is like the US treasury debt most countries own—it’s not kept as leverage but as a means of exchange, because the dollar is still the only universally accepted reserve currency. ‘Calling it in’ would hurt China way more than it would hurt the US. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted August 5, 2019 Share Posted August 5, 2019 1 hour ago, SFLUFAN said: It means that the US will seek IMF cover for further tariffs. God damn what can’t Tom Cruise do at this point? 1 Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted August 6, 2019 Share Posted August 6, 2019 33 minutes ago, Kal-El814 said: God damn what can’t Tom Cruise do at this point? Make Trump seem competent. Quote Link to comment Share on other sites More sharing options...
Jwheel86 Posted August 6, 2019 Share Posted August 6, 2019 This bad? If so how bad. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 6, 2019 Share Posted August 6, 2019 26 minutes ago, Jwheel86 said: This bad? If so how bad. Eh - it's largely a political target rather than a truly significant economic target. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 6, 2019 Share Posted August 6, 2019 Dow Futures point towards 630 point loss at the opening bell. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 6, 2019 Share Posted August 6, 2019 At least at the open, Dow Futures indicate a 170 point gain after Chinese central bank intervention stabilized the yuan. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.