Goldman Sachs: Trade war will tank economy

Discussion in 'Politics' started by Politigator, Aug 11, 2019.

  1. Politigator

    Politigator L-boy's Cousin
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  2. AugustaGator

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    So Goldman has the wrong position?
     
    • Politigator

      Politigator L-boy's Cousin
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      upload_2019-8-11_20-51-23.png
       
    • AugustaGator

      AugustaGator Junior Member
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      They are in the business to make money.

      Generally they make money on uncertainty. Except when they are caught in the wrong position.
       
    • Gator Fever

      Gator Fever Senior Member

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      We have heard this since Trump started cracking down - same with the increased prices BS. If there is a recession it wont be because of Trump sticking up for the US workers.
       
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      • divits

        divits A Muffin of the Studly Variety
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        No "duh".

        Of course tariffs will effect the economy. The question is what are the options? China has a history of totally unfair trade practices and has operated almost carte blanche 'cause everybody loves those low priced goods. Short term thinking by CEOs who only worry about the next quarter earnings call. But what's the long term end game if they are allowed to continue to steal/strong arm intellectual property, manipulate their currency and go against WTO rules of heavily subsidizing their industries?

        The problem isn't that we have implemented tariffs. The problem is that no one has the stomach to see it through long enough to really damage China and make them actually change their sneaky and illegal tactics.

        Or you can just sit back and watch this until we're irrelevant........


        [​IMG]
         
        #6 divits, Aug 11, 2019
        Last edited: Aug 11, 2019
        • AugustaGator

          AugustaGator Junior Member
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          It’s not even that. They are going to lose money. Money changers make money up or down.
           
          • Bushmaster

            Bushmaster Well-Known Member
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            China can't feed themselves without food imports.

            We can do without cheap plastic toys from China. They can't do without food. They will lose if we don't blink.
             
            • Swamp Donkey

              Swamp Donkey Moral Victory Champs!
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              How is this not obvious even to the LSoyboys of the world? You know, the ones who claim to have economics degrees?
               
              • NOLAGATOR

                NOLAGATOR Deep Behind Enemy Lines
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                One issue is China turning to Mexico and South America for more of their food.

                This might hold true BUT with China devaluing their currency...it cuts there buying power with everyone.

                This should slow some of their military growth.
                 
              • Ancient Reptile

                Ancient Reptile Senior Member
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                A growing middle class in Mexico is more important to our country than a middle class in China.
                 
                • NOLAGATOR

                  NOLAGATOR Deep Behind Enemy Lines
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                  I must agree. A middle class world wide benefits us.

                  Middle Class goes up: pollution goes down, innovation goes up, purchasing power goes up, spending goes up...
                   
                  • Ancient Reptile

                    Ancient Reptile Senior Member
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                    With food purchases from Mexico and businesses moving from China to Mexico, our southern neighbor could have the beginnings of a middle class and pressure on our border could lessen a little.
                     
                  • diehardg8r

                    diehardg8r Junior Member

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                    A good couple of bouts of salmonella and E. coli will break that up.
                     
                    • NOLAGATOR

                      NOLAGATOR Deep Behind Enemy Lines
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                      Or African Swine Flu.
                       
                      • diehardg8r

                        diehardg8r Junior Member

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                        Racist.
                         
                      • NOLAGATOR

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                        Tell it to the PIGS
                         
                        • Taco Gratis

                          Taco Gratis Clear eyes. Full hearts.

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                          Why are we reading this now?
                           
                        • Scott512

                          Scott512 Senior Member

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                          The FED would have to go bonkers with interest rate increases in the next couple years for a recession. That is unlikely to happen.

                          As for Goldman Sachs they aren't high up there on my respect list. Nor should they be on anybody's.
                           
                        • Ancient Reptile

                          Ancient Reptile Senior Member
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                          Ezrati has a very plausible article in the City Journal about how China is hurting and how they would settle if they could save face. Apparently, given their history of reneging, Trump wants the deal signed into their law. Looks like someone could find a diplomatic solution with guarantees.
                           

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