Astromart

December 2, 2018 10:10 AM Forum: Politics

Time For The Big One: Trump Meets Xi

Posted By Rod Kaufman

Let's hope this report is right:
https://www.bbc.com/news/world-latin-america-46413196

December 2, 2018 01:13 PM Forum: Politics

Time For The Big One: Trump Meets Xi

Posted By Rod Kaufman

They've got 90 days to close the deal. Otherwise, the tariffs rise to 25%. They better make the deal...

December 3, 2018 06:36 AM Forum: Politics

Time For The Big One: Trump Meets Xi

Posted By Rod Kaufman

Originally Posted by Richard Davis

The Chinese economy is suffering massively because of the tariffs. Down about 30%. My guess is that they will make a deal pretty quickly, otherwise they will be hurt more than US companies and the US economy.

And as an aside note, GM which was bailed out by Obama, left the American taxpayer straddled with over $10 Billion in their unpaid loan debt, and is now going to close a good number of production plants in the US. They still plan to keep their Mexico plants fully open.

President Trump says that he will disallow the subsidies to GM that the American Taxpayer has been paying.

Are you on board with that?

American car makers would have tanked if they didn't get subsidies. I think most Americans understood that at the time of the great recession which likely would have turned into a depression if corrective action didn't take place. McCain had similar ideas at the time, too. I guess we will have to wait and see if Trump carries through on his threat. I'm not pleased to see GM close its US plant but it doesn't support Trump's assertion that American auto maker jobs are coming back to the US because of his policies, either.
If China wanted to call in their debt from the US, our economy would tank instantly and we'd be back into a severe recession. The global economy would tank as well so China probably won't do it but they do have a lot of leverage on their end. I want to see a deal made that is real and lasts unlike the debacle in North Korea which is on overdrive with its 60 or so nukes and more ballistic missile sites in production to carry them..

November 24, 2018 12:46 PM Forum: Politics

Time For The Big One: Trump Meets Xi

Posted By Rod Kaufman

"I've been preparing for it all my life", said Trump. Yeah, right, like he knew it was coming.
https://www.channelnewsasia.com/news/world/trump-says-prepared-for-g20-meeting-with-china-s-xi-10960260
He better make a deal or the markets will go south like a duck in winter. My feeling is that Xi has the upper hand because he knows Trump has the economy going for him for now and that's all he's got but even that's shaky from the standpoint of the markets. If the UK can make a deal with the European union on Brexit then the "great deal maker" ought to be able to strike one with Xi.
He better freakin do it. He got us into this mess and it's up to him to get us out of it...

December 7, 2018 10:08 AM Forum: Politics

Bush 41 - one of the greatest Presidents in our lifetime

Posted By Rod Kaufman

"investors are also nervously watching a recession indicator in the bond market: the slope of the yield curve. The gap between the two-year and 10-year Treasury yield shrank this week to levels unseen since just before the Great Recession. An inversion -- where short-term rates are higher than long-term ones -- has been a reliable prognosticator of recessions in the past."
Another Republican, another recession...

December 5, 2018 10:05 AM Forum: Politics

Flynn Gives Mueller "Substantial" Assistance

Posted By Rod Kaufman

In other words, he's been singing! In NINETEEN interviews...
https://www.cnn.com/2018/12/04/politics/flynn-mueller-filing/index.html

December 11, 2018 11:16 AM Forum: Politics

Thomas Said Something!

Posted By Rod Kaufman

Clarence Thomas actually made a move in the supreme court and called out his colleagues when he didn't like what they did:
https://www.cnn.com/2018/12/10/politics/susan-collins-brett-kavanaugh/index.html
PS, It's getting pretty sticky for Trump in the WH. Mueller's closing in...

December 14, 2018 11:30 AM Forum: Politics