Are trade wars good and easy to win?

[reedak]

1. Donald Trump tweeted on Mar 2, 2018:

"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!"

However, his unbridled optimism was dashed on October 11, 2018 when the words BREAKING NEWS continually flashed across the television screen with the following message:

"Dow sheds over 800 points (-831.83), worst drop since February. Worst day for US tech stock since August 2011."

P.S. The "storm" that hit the stock market seemed to be "tremendously big and tremendously wet".

https://twitter.com/realDonaldTrump/sta ... 2580484098

[Spider]

Today's sell-off is more about interest rates than China. Not that trump's economic incompetence helps at all, but this bull market is nearly a decade old. What goes up must come down.

[Kane]

Yeah, I thought it was humorous when Trump hated on the Fed saying "they've gone crazy."

We're literally one step removed from being Turkey with Erdogan as our leader. The Greenback losing its value would be a boon to the developing world though.

[Kane]

Of course let's not forget: Larry Kudlow, Wilbur Ross, and Mnuchin will save us in the event of a significant financial shock.

Wilbur Ross and Mnuchin will pick stocks for US investors and Larry will be the new Kramer.

[reedak]

2. Another day of bloodbath in the stock market, or rather, "waterbath" -- very wet, from the standpoint of water.

Wall Street posts second day of steep losses, falling over 500 points (-545.91).

Instead of threatening he has "a lot more to do" on China trade, Trump should realise he has "a lot more to do" on his own country's economy, otherwise Wall Street can keep falling like "Trumpty Drumpty".

https://money.cnn.com/data/markets/dow/

https://www.reuters.com/article/us-usa- ... SKCN1ML1TF

viewtopic.php?f=36&t=6382

[reedak]

[JockandBallTorture]

trade wars are dumb. the spice must flow.