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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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Arran Yuan
To: Arran Yuan who wrote (142998)8/9/2018 7:22:14 AM
From: elmatador1 Recommendation  Read Replies (1) of 217929
 
Tariffs and pressures into China are symptoms.

A person goes to a doctor, he doesn't tell about a disease. He tells about the symptoms.

And from these symptoms and time when it starts and by the judgment of the overall appearance of the person the doctor can tell the ailment or may do some test to come out with a diagnostic.

The symptoms have been there all along. It doesn't start with a change of administration.

If one followed the economic growth pattern of China, that growth benefited immensely the western firms, as they produced cheaper and removed wages pressure at home.

Unions in the western countries lost the leverage as production moved to China.

The above was the first step and stakeholders were happy. Cheaper goods meant low inflation in western countries dollars were invested back in the Treasury and by 2002 -we discussed this here- the US was needing $2 billion daily.

The imports of raw materials created the commodities super-cycle and emerging markets were happy too.

But the set of circumstances that created China growth slowly started disappearing. And with them growth would slow down like did to Japan.

The going was too good and the Chinese 1% wanted it to continue going forever. Having witnessed the German economic miracle and the Japanese growth spike, it is well know that the countries will peak plateau and slow down.

That means the facts are there irrespective of Xi or DJT. And they will be there if DJT leave s in 2020.

Once I tried to start a dialogue with TJ explaining how China came up. What mistakes were not being corrected and the probable outcome, his views - which are well know here- is that there was something special about China that negated these facts.

His posting are peppered with statements with terms: Hard working and savings. Pursue of education. Sacrifice. Astuteness. Something akin to the Chinese being ETs in the planet Earth.

These human characteristics were opposed by the wastrels. The ones that only consumed and wasted.

It became clear that he had firm beliefs in the story of the Chinese governing elite. And he really believe it.

These TJ views did not come up with the election of DJT. They preclude it.

I could have followed Carranza advice and just let TJ talk to his electorate here. But I found my intelligence offended by TJs invectives all the while when the clique of followers that he created here came to his defense.
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