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The media's focus on stock market jumps is IMO laziness and a refection of the class the pundits and their bosses are in. They are millionaires and patrons of the casino.
Seems somewhat probable the Chinese will view this as a bluff and allow the tariffs to go in place. I might in their shoes. A gamble based on the prices at Walmart suddenly jumping 25% (or more) undermining Trump's support and Trump's position is precarious already.
The alternative? Knuckling under. Common in the business world wherein people regularly knuckle under if they can see a way to make a profit anyway. It's a different game between nations, political leaders regularly balk at losing face.
Trump may view the situation in the same way he views negotiating with subcontractors on a construction project.
HARPER: WALL STREET PANICS OVER US-CHINA TRADE HARDBALL
Wall Street has a bad case of the jitters over the threat of a new trade war eruption between the US and China. It's in the nature of the markets to prematurely panic over any kind of uncertainty. In the current case, after months of negotiations, the US-China trade talks are now down to the...
I would love to be a fly on the wall when the Iraqi PM shares this thoughts on the matter with Pompey. Yosemite John will not be happy either.
On the road to war with Iran?
"The United States has more than 5,000 troops stationed in Iraq, which has a State Department waiver from sanctions allowing it to keep purchasing electricity from Iran. U.S. forces are also based in Qatar, Kuwait, Bahrain and Saudi Arabia. Iraq has a number of Shiite militia groups, backed...
They may need it. Now that the weight of the roof is off there is an opportunity to work on those 800 year old walls and buttresses.The mortar is old and down low may have been damaged in the fire. The load on the buttresses will never be lower. If they need work now's the time.
Ave Maria
"A gutted roof, blackened stone and a gaping hole where the spire once stood. The scale of the damage caused by a devastating fire that tore through Notre Dame cathedral on Monday has been revealed by dramatic images shot from a drone above the 850-year-old church. The pictures, taken by Lana ...
I'm guessing it might be difficult domestically for any Egyptian leader to commit to this. They face significant internal problems and the collective memory of the terrible price paid in the pursuit of pan-Arabism under Nassar hasn't completely faded.
al-Sisi is evidently not impressed with Trump
"The reasons behind the decision, according to the sources, is that Egypt doesn’t wish to harm its relations with Iran, as well as it doesn’t believe that US President Donald Trump would be elected for a second term. If Trump is gone that jeopardizes the entire “Arab NATO” idea since the next ...
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Apr 13, 2019
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