But the Chinese yuan—the focus of the latest escalation in friction between the U.S. and China—stabilized, a sign that Beijing might not permit a steep depreciation.
This can’t be good. Well, on the bright side, a recession would definitely rid us of Trump.
It was a bad day.
Huh, didn’t hear the Orange one bragging about the stock market today...
China backing down?
Apparently the three countries need a cruise line called Holland adventures to make forward movement
Trump, the Bankruptcy Expert is right on target to bankrupt the USA.
🙃🙃🙃
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Stocks, Yuan Drop Sharply as Trade Spat IntensifiesStocks across Asia fell and the Chinese yuan depreciated to a new low in offshore trading, following an escalation in the U.S.-China trade dispute and widespread protests in Hong Kong. transportation declines in US that means economy down, but official figures shows growth. why you don't care this? why you still talking about Yuan? Thangs is abouts to get good! ...aaand whens tha'goin' gets good, tha'good gets goin'. Stay tuned, folks. 💰 Entertainment money sunny days around the bend 🌅 ASX follows with 1.7% decline.
Source: WSJ - 🏆 98. / 63 Read more »
European stocks seen sharply lower as trade tensions mountEuropean stocks were seen tumbling Monday morning as a rapid escalation of U.S.-China trade tensions continues to spook investors worldwide. Is Trump warning people about these tariffs so they can play the market? Then he rescinds his decision again and the Market swings the other way? Curious and Curiouser...
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Close Sharply Lower as Yuan Reels and Trump Jabs at ChinaStocks were pummeled by selling, pushing indexes from New York to Shanghai lower, as the yuan slid and fresh trade threats between Beijing and Washington raised fears of an economic slowdown. Wow a whole 7 months ago. Fear mongering again. Can almost taste the sweet victory with winning the trade war. Can't you? Since...last December. Gee, all the way back then huh?
Source: WSJ - 🏆 98. / 63 Read more »
It's not just the trade war – these global fears could put stocks through the wringerThe U.S.-China trade war is spooking Wall Street, but Phil Orlando of Federated Investors says that's not the only hurdle ahead. I’m just asking for one more week of wringer please What Global Fears? The EU still has its head in the sand. If they loosen Monetary Policy, the bogyman will stay the closet. Peace at any price, pays no dividend. Buy TVIX as a hedge on the down.....
Source: CNBC - 🏆 12. / 72 Read more »
U.S. labels China a 'currency manipulator' as stocks fall and trade war worsensChina allowed its currency to weaken and said it was halting new American farm purchases, sending U.S. stocks in a tailspin and heightening risks of a global economic downturn. Looks as if this bromance just went full stop. The President is in way over his head. Putting the best interests of the country first, the smart thing for Trump to do is to call Biden to the White House for advice and guidance. Nobody knows the China relations, history and sensitivities better than he does. Place all currencies on gold (or fixed standard) currency.
Source: latimes - 🏆 11. / 82 Read more »