General Discussion

applegrove

(118,577 posts) Thu Mar 22, 2018, 07:48 PM Mar 2018

Dow down 750 points in reaction to Trump's tariffs on trade with China.

Wonder how the real GOP base feel about their stock portfolios about now? Of the top 10 stock drops 4 happened during the subprime meltdown, 4 happened under Trump. Always with republicans and tanking the economy.

4 replies

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Dow down 750 points in reaction to Trump's tariffs on trade with China. (Original Post) applegrove Mar 2018 OP

When I saw on MSNBC that the stock market had plunged, I did something skylucy Mar 2018 #1

Peter Navaro is on Erin Burnett trying to blow hot air as we speak. Just said applegrove Mar 2018 #2

Futures were down about 170 last I saw. herding cats Mar 2018 #3

China is 100% prepared to move on totally without the US Johnny2X2X Mar 2018 #4

skylucy

(3,737 posts)

1. When I saw on MSNBC that the stock market had plunged, I did something

Reply to applegrove (Original post)

Thu Mar 22, 2018, 07:52 PM

Mar 2018

I rarely do. I switched to Faux News wondering how they were covering it. They were covering it alright. They were saying that the reason for the 750 point drop was that the budget was going to be voted on soon and the big, bad Democrats might not vote for it and that would cause the government to shut down. They were claiming that as the reason for the plunge.

applegrove

(118,577 posts)

2. Peter Navaro is on Erin Burnett trying to blow hot air as we speak. Just said

Reply to skylucy (Reply #1)

Thu Mar 22, 2018, 07:56 PM

Mar 2018

there is going to be a quota on Canadian imports of steele and aluminum. That will tank the Dow tomorrow.

herding cats

(19,558 posts)

3. Futures were down about 170 last I saw.

Reply to applegrove (Original post)

Thu Mar 22, 2018, 08:00 PM

Mar 2018

I'm not looking anymore. Enough bad news for one day... I'm finding a comedy on Netflix for later and I'll refocus again tomorrow.

Johnny2X2X

(19,001 posts)

4. China is 100% prepared to move on totally without the US

Reply to applegrove (Original post)

Thu Mar 22, 2018, 08:04 PM

Mar 2018

It's all they've been working on for a decade. They have more and better trade deals than we do. And their Belt and Road trade deal is a mammoth agreement that will give them the resources of Africa and free trade with all of Asia and Europe.

This couldn't happen at a better time for China, they are united in pursuing Belt and Road and this gives them the perfect opportunity to put their money where their mouth is. This could be really bad, China is not going to blink.

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