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Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]More winning!!!! China’s Vice Minister of Commerce just announced that US and China reached a "consensus" on key trade issues. This INCLUDES export controls, tariff suspensions, fentanyl-related measures, anti-drug cooperation, trade expansion, and US Section 301 fees. On top of this, [b]US Treasury Secretary Bessent says China is "ready" to make a trade deal with the US after 2 days of negotiations.[/b] Bessent has added that China wants to make "substantial" US soybean purchases. All while President Trump says he is hoping for a "complete deal" with China this week. As we said on October 10th, President Trump's 100% tariff on China is very likely to NOT go into effect. [b]We believe a trade deal is imminent.[/b][/quote] I wonder if this is just another manipulation for the opening of tomorrow's stock market. This will be about the fourth time Bessent has said China and the USA are on the precipice of a trade deal. I believe it when it happens. July 31, 2025 https://www.usnews.com/news/world/articles/2025-08-01/bessent-says-us-has-makings-of-a-deal-with-china May 11, 2025 https://www.foxnews.com/politics/trump-china-close-trade-deal-after-productive-talks-bessent-says June 1, 2025 https://www.cbsnews.com/news/treasury-secretary-scott-bessent-trade-trump-xi-conversation/ [/quote] Did you see what the Dow closed at on Friday?[/quote] Did you know that most stock market gains are a handful of AI stocks and the bubble is going to pop inevitably? Or if AI succeeds, we end up with massive layoffs and unemployment. [/quote] I’ll be retired by then and my assets will be sheltered. At the current rate of growth my retirement moved up over 18 months. I’ll be feet up by April at this point.[/quote] And pity the next generation. TBH, I don’t need to retire. I simply stopped working as we have so much money. But I care about the generations after as well as living in a society where even a modest home does not need to be wrapped in razor wire to fend of thieves. [/quote]
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