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Trump cannot understand currency or tariffs
Comments
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My point exactly. If the tariffs were forcing people to pay at least 6% more for everything from China (your original example of "you are out a minimum of $6" on a $100 spent) than you would see it in the inflation numbers. And we haven't (with 2018 and 2019-to-date having lower inflation than 2016 and 2017), which means a combination of China currency devaluation, China factories lowering prices, shift of purchases to other sources, and ten other things has meant the consumer is not paying the tariff.ApostleofGrief said:
It doesn't look like it is materially different than the annualized goal of 2% inflation despite spikes and troughs . So what is your point?
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TDS.
FULL-BLOWN.
AOG.
HAS. -
What did you "flunk" to wind up at CWU, AOG? Life?ApostleofGrief said:
He's a witty writer but has bought into believing nonsense like "China pays". His main counterargument is a fallacy of ridicule. Just laugh and mock, and the opponent is wrong. No wonder he flunked law school. -
You're playing a shell game.HoustonHusky said:
My point exactly. If the tariffs were forcing people to pay at least 6% more for everything from China (your original example of "you are out a minimum of $6" on a $100 spent) than you would see it in the inflation numbers. And we haven't (with 2018 and 2019-to-date having lower inflation than 2016 and 2017), which means a combination of China currency devaluation, China factories lowering prices, shift of purchases to other sources, and ten other things has meant the consumer is not paying the tariff. -
Huh? You don't think the CPI jumping by .3% in two consecutive months for the first time in 18 years and the highest core inflation rate in 8 is significant???ApostleofGrief said:
It doesn't look like it is materially different than the annualized goal of 2% inflation despite spikes and troughs . So what is your point? -
highest core inflation rate in 8 months.GDS said:
Huh? You don't think the CPI jumping by .3% in two consecutive months for the first time in 18 years and the highest core inflation rate in 8 is significant???
Love how you left off that nice little unit of time measurement. As AOG said...ApostleofGrief said:
It doesn't look like it is materially different than the annualized goal of 2% inflation despite spikes and troughs . So what is your point? -
Economics is a chaotic system. There are too many variables, including sentiment/psychology, to ever come up with completely clear cause and effect. One thing is certain, though, if the change is massive, such as the introduction of ruinous tariffs, there WILL BE huge effects. What Trump has done is reduce business sentiment in investing on top of inflicting a massive tax on Americans. A mild change in inflation is not going to compensate.
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You mean you can't just type an simple example of 'if I'm going to spend a $100 and China devalues its currency 3% but Trump institutes a tariff of $9.7 to $23' to prove Orange Man Bad?ApostleofGrief said:Economics is a chaotic system. There are too many variables, including sentiment/psychology, to ever come up with completely clear cause and effect. One thing is certain, though, if the change is massive, such as the introduction of ruinous tariffs, there WILL BE huge effects. What Trump has done is reduce business sentiment in investing on top of inflicting a massive tax on Americans. A mild change in inflation is not going to compensate.
Why again did this thread start?
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Since I found myself with no real occupation at age 52, I decided to trade ag commodities in the Pacific Rim. (It's a family thing)
As a result I have conversations with folks that have up close and personal contacts with the ChiComs on a regular basis.
Every one of my trading partners will tell you that the Chinese economy is hurt and hurt bad. Most feel the ChiComs are looking for a way out of this trade war while saving face, a HUGE thing in the Chinese culture.
Trump and the United States are winning.
Just think, the Libs are hoping for a Trump, and therefore a United States, failure. -
AOG still hasn't come clean about his pro chicom policies. Trump says stupid shit and he wasn’t my choice for the Republican nominee and I wrote in Cruz on my presidential ballot. I’m voting form him in 2020 because of his actual policies and not the stupid shit that he says. Each dem candidate says stupid shit all the time as did the last dem president. But combining stupid sayings with even dumber policies is much different than Trump. Barry said we could keep our plans and doctors and save $2500. All lies combined with stupid shit policies. Barry said we couldn’t drill our way to lower energy prices. That was a stupid sh*t statement and thankfully capitalism showed that you can. Dems still oppose fracking and exporting LNG. A typical leftard loves to focus on the stupid sayings and then ignore policy or actually promote anti-American policies. Leftards lie and love to be lied to.
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Look, my argument anyway is that Trump is making baldfaced lies by claiming "China pays" or "we get a gift" for this regardless of what happens in our economy otherwise. American pay. And the inflation rate could be due also to other factors.
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Go back and read. It's because he is claiming China is paying his tariffs -- you are.HoustonHusky said:
You mean you can't just type an simple example of 'if I'm going to spend a $100 and China devalues its currency 3% but Trump institutes a tariff of $9.7 to $23' to prove Orange Man Bad?
Why again did this thread start?
More things may happen, sure... -
If I was paying than the cost of what I was buying would go up by that amount. That's pretty simple math. The inflation rates show I haven't.ApostleofGrief said:
Go back and read. It's because he is claiming China is paying his tariffs -- you are.
More things may happen, sure...
That means other things (China devaluation of currency, china factories lowering price, etc) are paying it. You know...maybe a simplistic way to phrase that would be 'claiming China is paying his tariffs'.
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Well, supposedly, China is devaluing their currency, which costs them their reserve dollars, to keep Chinese export prices competitive.ApostleofGrief said:Look, my argument anyway is that Trump is making baldfaced lies by claiming "China pays" or "we get a gift" for this regardless of what happens in our economy otherwise. American pay. And the inflation rate could be due also to other factors.
If this is happening: Spinning? sure. Baldfaced lie? Not really.
I'm glad that you are on team free trade now though. I look forward to you supporting further deregulation of other market sectors. -
uh no....wanna try again? The three-month core inflation rate jumped 2.8%, the most in eight yearsHoustonHusky said:
highest core inflation rate in 8 months.
Love how you left off that nice little unit of time measurement. As AOG said...
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From what I've seen the Chicoms were propping the Yuan up over the last year as they lowered tariffs with everyone but us. Now that they have lowered tariffs with Japan, Canada, Brazil and Europe they are allowing their currency to more freely float and it's naturally showing it's weakness.UW_Doog_Bot said:
Well, supposedly, China is devaluing their currency, which costs them their reserve dollars, to keep Chinese export prices competitive.
If this is happening: Spinning? sure. Baldfaced lie? Not really.
I'm glad that you are on team free trade now though. I look forward to you supporting further deregulation of other market sectors. -
Keep lying.GDS said:
uh no....wanna try again? The three-month core inflation rate jumped 2.8%, the most in eight years
https://tradingeconomics.com/united-states/core-inflation-rate
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Could be, hard to know for certain with anything in China, LIPO for sure as far as the currency is concerned.GDS said:
From what I've seen the Chicoms were propping the Yuan up over the last year as they lowered tariffs with everyone but us. Now that they have lowered tariffs with Japan, Canada, Brazil and Europe they are allowing their currency to more freely float and it's naturally showing it's weakness.
Irregardless, APOG isn't exactly making a great argument. -
APOG isn't arguing anything but giving into the chicoms.
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Trump caved to the chicoms today. Totally blinked, bent over and blew Xi all at the same time.WestlinnDuck said:APOG isn't arguing anything but giving into the chicoms.
He deferred his precious tariffs on Chinese electronic goods (that trumptards insanely insist US consumers don’t pay) until after the Christmas shopping season. Merry Xmas trumpanzees!
Why would he retreat? For such a winning strategy (it’s really not, sorry bot, because adopting a policy - tariffs - that you say you want to eliminate is preposterous, as facts on the ground are showing) it’s absurd he’d defer it it was working. But at least he’s trying something!
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Sorry, can't hear you over the sound of getting another massive raise because businesses are flourishing under Trump. Get off Twitter and clean the cum out of your eyes and look around.ApostleofGrief said:Look, my argument anyway is that Trump is making baldfaced lies by claiming "China pays" or "we get a gift" for this regardless of what happens in our economy otherwise. American pay. And the inflation rate could be due also to other factors.
Maybe you should stop being a fucking loser and actually go out and take advantage of THIS economy.
Or maybe go back to Central for another round. They're dialed in I'm sure. -
Just because you don't understand it doesn't mean it's a lie. The most recent 3 months (May, June, July) have the highest 3 month core inflation increase of any 3 month period for the last eight years.HoustonHusky said:
The three-month core inflation rate jumped 2.8%, the most in eight years, supporting the view that weak inflation readings earlier in the year were caused by transitory factors.
https://www.reuters.com/article/us-usa-economy-inflation/u-s-inflation-accelerates-fed-rate-cut-still-expected-idUSKCN1V3158 -
Look, Trump is saying that China is paying and giving us a gift. It's patently false.
That most of you are arguing in his favor is only a proof of mass insanity. Sorry, they aren't paying. -
CD seems to be on board the chicom train.
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Most of us are actually laughing all the way to the bank.ApostleofGrief said:Look, Trump is saying that China is paying and giving us a gift. It's patently false.
That most of you are arguing in his favor is only a proof of mass insanity. Sorry, they aren't paying.
You're such a loooooser. -
I can see haie at the bank. Hello, I am here to deposit my net transaction ma'am: -$6.00 (oh, wait, I guess withdrawal)haie said:
Most of us are actually laughing all the way to the bank.
You're such a loooooser. -
I know exactly what fake numerology you are trying to spin...the number isn’t bad, but since in was almost 0% a couple months ago and now it’s back to a normal 2% then if you draw a straight line out for a year it’s awful. Of course, the tariffs began last year and somehow inflation still went down from 2% to that almost 0% a couple months ago, which if we drew a line on those three months and extended it out then we’d be in serious deflation and the world would be over and blah blah blah.GDS said:
Just because you don't understand it doesn't mean it's a lie. The most recent 3 months (May, June, July) have the highest 3 month core inflation increase of any 3 month period for the last eight years.
The three-month core inflation rate jumped 2.8%, the most in eight years, supporting the view that weak inflation readings earlier in the year were caused by transitory factors.
https://www.reuters.com/article/us-usa-economy-inflation/u-s-inflation-accelerates-fed-rate-cut-still-expected-idUSKCN1V3158
All so you can try and say Orange Man Bad without any actual data. Even AoG called you FS for trying to see patterns in the noise, although I’m not sure he really meant to...
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Thanks to trump’s capitulation today, you can still buy your low-tariff cheap electronics from China engineered with stolen US technology until Xmas. After that, things are gonna change. That’s when trump is going to serious! US farmers? They are not so lucky. They are still on trump’s dole. I hope none of them are legal immigrants because now they can be deported too. Make sense?WestlinnDuck said:CD seems to be on board the chicom train.
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Jesus Christ that is weak. Even for the Tug.ApostleofGrief said:
I can see haie at the bank. Hello, I am here to deposit my net transaction ma'am: -$6.00 (oh, wait, I guess withdrawal) -
It might help the US economy in a marginal way. My argument was only that Trump is a liar, though, for repeatedly lying with the ridiculous notion that China pays or is giving us a "gift." It's fucking bullshit. But Americans are obese and dumb. So we have an obese and dumb president. He lies -- they believe.HoustonHusky said:
I know exactly what fake numerology you are trying to spin...the number isn’t bad, but since in was almost 0% a couple months ago and now it’s back to a normal 2% then if you draw a straight line out for a year it’s awful. Of course, the tariffs began last year and somehow inflation still went down from 2% to that almost 0% a couple months ago, which if we drew a line on those three months and extended it out then we’d be in serious deflation and the world would be over and blah blah blah.
All so you can try and say Orange Man Bad without any actual data. Even AoG called you FS for trying to see patterns in the noise, although I’m not sure he really meant to...
