China says its 2018 trade surplus with the US was the highest in more than a decade
- Thread starter Bill
- Start date
This is why you don't argue with an idiot. They will just try to drag you down to their low IQ level and then beat you with experience. 
Irish Exit
Verified User
Most to the federal reserve that has to hand over its profits to the Treasury anyway so it is fake debt.
That's been a feature of our economy for a while, dating back to the end of the recession.
Thanks, Obama.
Absent.
Wages have grown at or below inflation for 90% of workers.
In October 2018, wages grew 3.1%, but wages grew 3.7% for the top 1%, which means wages for everyone else grew below 3.1% because math. Inflation was nearly 3% over that period, so real wages were either flat or declined for most workers.
Dumb.
You said that it was wonderful how consumer spending is up.
When it's revealed that it's only up because of increased debt loads, you shrug that off.
So the facts are that your economy is being grown not with increases to wages for workers, but increases to their household debt loads.
So just like during Bush, you're growing an economy with debt and you're trying to convince people it's growing because of magical tax cuts.
Moron:
Wages grew 3.1% on the year in October, the highest level in nine years, according data released Friday by the Bureau of Labor Statistics.
Adolf_Twitler
Verified User
I understand; your argument is moronic so instead, you have to cry like a little baby and stomp your feet.
Poor snowflake.
Hey asshole. I know you want to be a smart ass.
But, first one has to be smart. Without that, you are just being an ASS!
Let me also remind you that YOU can say nothing to me personally that hurts me or harms me in any way.
SO use all the personal insults you want always- because they have about as much affect as a little turtle just flapping his wings.
In fact, it's kind of entertaining just to watch people like you stew in your own shit! LOL!
Because that is all you can do is insult people and flap your little wings! POOR LITTLE OLE THING YOU!
?Should we be posting just what they want to hear??
you should know nothing has changed yet with China -
there is no new agreement, so the increasing trade deficit is the status quo that Trump inherited.
The good news is it looks very much like we'll have a new agreement to address the trade barriers, IP theft etc. soon
The reason why the US-China trade talks will work: it’s the personal touch
President Xi and President Trump have too much invested in the trade dispute personally to let the talks fail
https://www.scmp.com/comment/insigh...hina-trade-talks-will-work-its-personal-touch
Trump, as expected, extolled the meeting, but more meaningfully, I believe, China’s Ministry of Commerce immediately went on record to call the talks “very successful”. Other Chinese officials quickly affirmed that new measures would combat intellectual property theft. Even more significant, perhaps, rumours were afoot that major changes were in the works for “Made in China 2025,” including reductions in state subsidies for new technologies and a greater openness to participation by foreign companies.
The announcement that US Trade Representative Robert Lighthizer, a China hawk, was placed in charge of negotiations was greeted positively by Chinese officials who have long requested clarity in a single US point person with whom to negotiate. It is a socio-political principle that nationalistic hawks can often achieve peace more easily than globalist doves because it is more difficult for domestic detractors to undercut them as being “soft”.
US sets 90-day deadline for China to agree comprehensive trade deal
Regarding the apparent 90-day “drop dead” date, Larry Kudlow, Trump’s top economic adviser, said “If there’s good, solid movement and good action, he ‘[Trump] might be willing to extend.” The arrest of Huawei’s CFO triggered accusations and counter accusations, but neither side, tellingly, called the trade talks into question. In fact, there were parallel affirmations the talks would continue.
Peter Navarro, the White House adviser considered with good reason to be the most hawkish on China, said that stock markets should be “patient and optimistic”. Navarro, he of the “death by China” screed, said what? Optimistic!
Moreover, when I speak to Chinese economists, I hear the conviction that many of the US demands – IPR protection, opening up markets, reductions in state subsidies – are precisely what China needs to do anyway.
Most important, Xi is fighting three big battles: financial risk, poverty alleviation and pollution reduction, alongside a slowing economy – he does not need a protracted trade war. Trump has nervous investors and a volatile stock market on his hands, along with signs of a slowing economy and a welter of political and personal problems. Going into the 2020 election, he too does not need a protracted trade war.
Certainly something must be done about trade & tech transferring/theft etc but unfortunately the guy winging it here doesn't have the faintest idea what he is doing IMHO..
Hope all is well & good for you my friend, have an awesome New Year!!!!
You too my friend..did you do that kayaking you were talking about? I hope it's going well for you also..
Robert Lighthizer is in charge of China trade talks, there isn't a better trade rep in the world.
Trump was the one who insisted on the 2 track NAFTA (2) negotiations that got Canada to sign on
He voted against China’s entry into the WTO, I hope they forgot about that!
Trump’s trade envoy, Robert Lighthizer, said the global economy was threatened by major economies who undermined the global trading system.
“The global trading system is threatened by major economies who do not intend to open their markets to trade and participate fairly,” Lighthizer said. “This practice is incompatible with the market-based approach expressly envisioned by WTO members and contrary to the fundamental principles of the WTO.”
The Trump administration has already pledged to transform 164-member trade body and has blocked WTO judicial appointments in a move to win WTO reforms.
https://www.reuters.com/article/us-...ked-china-wto-accession-in-2001-idUSKBN1F82U1
“The global trading system is threatened by major economies who do not intend to open their markets to trade and participate fairly,” Lighthizer said. “This practice is incompatible with the market-based approach expressly envisioned by WTO members and contrary to the fundamental principles of the WTO.”
The Trump administration has already pledged to transform 164-member trade body and has blocked WTO judicial appointments in a move to win WTO reforms.
https://www.reuters.com/article/us-...ked-china-wto-accession-in-2001-idUSKBN1F82U1
Don't recall which one it was but I must of gone, lol.. I am snowshoeing & hiking mostly now days up in the beautiful Sierra Nevada range.
IMHO the new deal isn't all that different than the old one & negotiations seemed to me a lot like just making threats..
Hopefully something positive comes of the negotiations w/ China, the deadline approaches
??Who did??