China trade tension selloffs a buying opportunity for investors?

China trade tension selloffs a buying opportunity for investors?


OUR TOP STORY THIS HALF HOUR, U.S.-CHINA TRADE DOUBTS, FUTURES POINTING TO A STEEP DECLINE THIS MORNING AS UNCERTAINTY BETWEEN THE U.S. AND CHINA RISES. THE CHINESE YUAN PLUMMETING TO A POINT NOT SEEN IN MORE THAN A DECADE, A MOVE MANY SEE AS A RESPONSE TO PRESIDENT TRUMP’S PLANNED TARIFFS AND A SIGN ANY TRADE AGREEMENT BETWEEN WASHINGTON AND BEIJING IS ON HOLD. JOINING US NOW WEALTH PORTFOLIO MANAGER, MICHAEL LEE. GOOD MORNING, MICHAEL. WHAT DO YOU MAKE OF THIS? IS IT SHORT-LIVED THIS MARKET REACTION OR ARE WE IN STORE FOR A VERY UGLY AUGUST?>>WELL, I CAN TELL YOU THAT EVERY SINGLE SELLOFF FROM A TRADE FEAR OR TRADE SPAT HAS BEEN A GREAT BUYING OPPORTUNITY OVER THE LAST 18 MONTHS OR SO. I SEE THIS AS NO DIFFERENT. THESE TARIFFS THAT WE PUT ON CHINA HAVE HAD LITTLE EFFECT ON THE U.S. ECONOMY. AND THE EFFECT THEY’RE HAVING ON THE OTHER SIDE IS NOT SO MUCH THEIR DAY-TO-DAY ECONOMY, IT’S MOVING THE SUPPLY CHAIN OFFSHORE, IT’S STEMMING THE FLOW OF DIRECT FOREIGN INVESTMENTS INTO THEIR COUNTRY AND CHINA IS IN A REAL STRUCTURAL ISSUE AND DEVALUING THE CURRENCY IS ONLY ADD GAS TO THE FIRE. THEY NEED FOREIGN CURRENCY. THEY ARE 15% OF THE WORLD’S ECONOMY, YET LESS THAN 1% OF INTERNATIONAL SWIFT TRANSACTIONS ARE SETTLED IN THEIR LOCAL CURRENCY. BY DEL VALUING THEIR CURRENCY, THERE WILL BE MORE CAPITAL FLIGHT OUT OF THAT COUNTRY SO IT’S ONLY GOING TO MAKE IT WORSE. WHEN SUPPLY CHAIN AND MANUFACTURING DECISIONS ARE MADE ON INVESTMENTS INTO CHINA, IF YOU DECIDE TO GO TO VIETNAM OR SOUTH AMERICA OR EVEN IN THE U.S., THAT’S A 10 OR 15 YEAR DECISION THAT CAN’T BE EASILY REVERSED. YOU TELL ME NOW IF YOU’RE A FORTUNE 500 COMPANY AND THINKING ABOUT INVESTING IN CHINA TO HAVE A GLOBAL SUPPLY CHAIN OUT OF THERE, ARE YOU GOING TO PICK SOMEWHERE ELSE OR CHINA RIGHT NOW? THAT’S THE REAL POINT OF THE TARIFFS. WE HAVEN’T SEEN ANY IMPACT FROM THESE TARIFFS ON THE CONSUMER IN THE U.S. YOU GUYS WERE TALKING ABOUT THIS EARLIER. CONSUMER SENTIMENT, CONSUMER COMFORT, CONSUMER FEELINGS, ALL YEAR 20 YEARS HIGHS. TOUCHING BACK ON THE TARIFF PART OF IT, WE’VE SEEN SOME SOFTNESS IN MANUFACTURING SURVEY DATA BUT WE ADDED 16,000 NEW MANUFACTURING JOBS LAST MONTH. I SAY THE SELLOFFS AND THE SPATS ARE A GREAT TIME TO BUY STOCKS, PARTICULARLY WITH THE 10 YEAR TREASURY AT 175 AND DIVIDEND YIELD IN THE S&P 500 AT 18 A 5. WE KNOW THE ANSWERS TO THE TESTS. WE’VE SEEN IT BEFORE. IT’S TIME TO GET IN THE MARKETS.>>I FEEL LIKE THIS ONE FEELS A LITTLE BIT DIFFERENT WHEN THE PRESIDENT HAS BEEN THREATENING TARIFFS, IT SEEMED TO BE MORE OF A NEGOTIATING STRATEGY, LIKE GAME OF CHICKEN AND USUALLY WORKED OUT FOR US. THIS FEELS DIFFERENT. THIS FEELS LIKE FAILED CONVERSATIONS, THERE WAS A STANDOFF AND HE’S GONE AGAINST ADVICE AND HE’S DONE IT. THIS FEELS DIFFERENT. YOU DON’T SEE IT THAT WAY?>>NO. EVERY TIME IT HAPPENED WE’RE IN UNSHARE ‘ UNCHARE ‘ UNCHARTE’ UNCHARTERED TERRITORY. NOW, WE HAVE THE WIND AT OUR SAILS. THE U.S. CONSUMER IS 70% OF THE GDP. THE DATA IS THE GREAT OFT AND STRONGEST SINCE Y2K, ESSENTIALLY, I THINK WE CAN KEEP GOING AND WE CAN KEEP STEPPING PRESSURE UP AND CHINA DEVALUING THEIR CURRENCY, IT MAY BE A TEMPORARY FIX TO TRY TO GET A BETTER NEGOTIATING TACTIC. IF THEY DO THIS, THIS WILL MAKE IT WORSE FOR THEM. DAGEN: LET ME PUSH BACK ON THAT TO LEE’S POINT. LET’S TALK ABOUT BUSINESS INVESTMENT. BUSINESS INVESTMENT FELL A SEASONALLY ADJUSTED 8/10 OF 1% IN THE SECOND QUARTER. JOB GROWTH HAS BEEN SOFTENING. FACTORY ACTIVITY HAS FALLEN. THE FACTORY SECTOR SLOWED FOR FOUR STRAIGHT MONTHS ENDING WITH JULY. AGAIN, THAT UNCERTAINTY IS HARD TO QUANTIFY BUT I’VE BEEN TALKING ABOUT IT LITERALLY SINCE THE TRADE WAR STARTED AND IF IT IMPACTS JOB GROWTH, IF IT IMPACTS INVESTMENT IN THE UNITED STATES, THAT IS GOING TO BE UGLY.>>I’M GOING TO PILE ONTO THAT. THE REASON WHY THE FED LOWERED RATES WAS TO NOT STIMULATE THE ECONOMY TO JACK’S POINT THROUGH THE CONSUMER, IT’S REALLY THROUGH BUSINESS. RIGHT. SO IF BUSINESS INVESTMENT IS OFF, WHAT CAUSED THE SELLOFF WAS THE FED’S ACTION ON WEDNESDAY, NOT NECESSARILY TRUMP’S TWEET ABOUT TARIFFS. SO THE THING THAT CONCERNS ME, I’M WITH DAGEN, IS BUSINESS INVESTMENT JUST SEEMS LIKE IT’S WANING. THIS DOESN’T HELP.>>THE CON ARGUMENT WAS BUSINESS INVESTMENT WAS SO MUCH SUBSTANTIALLY HIGHER IN 2017 AND 2018 THAT MAYBE WE’RE DUE FOR A SLIGHT PULLBACK. AND AGAIN, MAYBE JOB GROWTH HAS SLOWED A LITTLE BIT BUT WAGE GROWTH, YEAR OVER YEAR I THINK WE’RE UP 3.2%. DAGEN: WHICH IS LOWER THAN IT WAS IN FEBRUARY.>>IN FEBRUARY. BUT PRIOR TO THE 12 MONTHS PRIOR, FROM 2017 TO 2018, WE’RE UP 2.8%. DAGEN: THE FASTEST RATE IN A DECADE, ROUGHLY.>>WE’RE IN REALLY, REALLY GOOD SHAPE. THE CONSUMER, THAT FUELS OUR ECONOMY, THE SAVINGS RATE IS UP CLOSE TO 8%. WE’RE HAVING ALL THIS SPENDING, HAVE ALL THIS CONFIDENCE, A ROBUST LABOR MARKET AND THE SAVINGS RATE IS DOUBLE WHAT IT WAS GOING INTO THE CRISIS.>>THE STRONG CONSUMER, THE MANUFACTURING IS NOT SO HOT, THERE’S NOT A LOT OF EARNINGS GROWTH. YOU SAY THIS IS A BUYING OPPORTUNITY FOR STOCKS. I DON’T KNOW THAT YOU’RE WRONG. WITH STOCKS LOOKING PRETTY FULLY PRICED HERE, WHERE DOES THAT NEXT LEG UP FROM THE MARKET COME? DOES IT COME BECAUSE BOND YIELDS ARE SO LOW THAT WE’LL PUSH IT UP TO 18 TIMES EARNINGS OR WILL WE HAVE A RESUMPTION OF EARNINGS GROWTH IN A FUTURE QUARTER.>>COUPLE GOOD POINTS THERE. EARNINGS NOT LOOKING SO GOOD THIS YEAR. LOOKING BETTER NEXT YEAR. WE’LL SEE HOW IT PLAYS OUT. I WOULD SAY EARNINGS ARE SECONDARY TO MACRO SENTIMENT AND WITH THE CONSUMER BOOMING AND INTEREST RATE AS ULTRA LOWS, WE’VE SEEN THIS BEFORE. WE’VE HAD PERIODS WITH LOW RATES WHERE EARNINGS HAVEN’T LOOKED THAT GREAT AND STOCKS HAVE DONE WELL BECAUSE THERE’S NOWHERE ELSE TO GO. YOU HAVE THE REST OF THE WORLD GOING TO NEGATIVE INTEREST RATES. I THINK THIS STORY HAS BEEN PLAYED OUT ON MULTIPLE FRONTS. YOU HAVE A CLEAR PATHWAY IN FRONT OF YOU AS TO WHAT’S GOING TO HAPPEN NEXT. DAGEN: IT’S ANOTHER BIG WEEK FOR EARNINGS. DISNEY, CVS, UBER AND LYFT AMONG THOSE ON TAP TO REPORT. WHAT ARE YOU WATCHING FOR THIS WEEK? WHAT IS GOING TO BE THE BIG TELL, JUST TO YOUR POINT, S&P 500 EARNINGS ARE STILL EXPECTED TO SLIP 6/10 OF 1%. 77% OF COMPANIES IN THE S&P REPORTED AND EARNINGS ARE UP 2.7% — I MEAN 77%, YEAH, HAVE REPORTED, 74 HAVE BEATEN EPS.>>WITH THE COMPANIES YOU MENTIONED, DISNEY, EVERYONE IS WAITING FOR NOVEMBER WHEN THEY LAUNCH THE STREAMING SERVICE. CVS, EVERYBODY IS WAITING TO SEE IF THERE’S EXPANSION OF THE MEDICAL SERVICES. TYSON, IT’S NOT ON THE TOP OF EVERYONE’S MIND, THAT’S QUARTER TO QUARTER WITH EARNINGS. I’M WAITING TO SEE IF THEY MAKE A MOVE INTO MEATLESS BURGERS, LIKE BEYOND BURGER.>>BEYOND CHICKEN.>>WHATEVER IT IS. TYSON TALKED ABOUT GETTING INTO THAT BUSINESS. I’M WAITING TO SEE IF THEY TALK THAT UP IN THEIR EARNINGS CALL. I’M LOOKING FOR MATERIAL MISSES TO THE DOWNSIDE, SOMETHING A THAT WOULD CHANGE THE OVERALL THESIS THAT THE ECONOMY IS DOING GOOD. IF WE’RE ROUGHLY IN LINE, YOU HAVE ULTRA LOW EXPECTATIONS AND WALL STREET IS LITERALLY PERFECT AT SETTING EXPECTATIONS REALLY, REALLY LOW AND JUST BEATING THEM AND SAYING LOOK HOW GOOD I AM, SO I THINK WE’RE GOING TO GET MORE OF THAT THIS QUARTER AND THEN SOME ACCELERATION IN THE END OF THIS YEAR AND INTO NEXT YEAR. DAGEN: TO DEAN JOHNSON ON TWITTER WHO IS WATCHING THE PROGRAM WHO CALLED ME A DOOM SAYER, NO, I’M NOT A DOOM SAYER. THE MARKET LAST WEEK, WORST WEEK FOR THE BROAD MARKET THIS YEAR. FUTURES THIS MORNING, DOWN, BAD. THAT’S NOT DOOM SAYER. THAT’S FACT. THANK YOU SO MUCH, DEAN. [ LAUGHTER ] DAGEN: I JUST WANTED TO SAY THAT. AGAIN, CONSUMER IS AWESOME. BUSINESS INVESTMENT –>>70% OF THE ECONOMY. 70% OF THE ECONOMY. DAGEN: A LITTLE SHAKY.

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About the Author: Oren Garnes

100 Comments

  1. Every friggin time we have a correction, the doomsday sayers come out and declare this is the one. End times coming. Then we get back to normal after a month.

  2. Unemployment is as low in the United States as it has ever been. I'm quite happy about the tariffs and will be as long as it continues to slow down China. Keep it up trump!

  3. Some air coming out of the everything bubble. Valuations are still detached from reality. As long as Main Street America is employed the economy will press on, but if unemployment goes up…… Well that will be the start of a depression.

  4. China is desperate for the Dems to win in 2020 as they will get favourable trade deals at huge cost to the US citizens.

  5. I'd rather buy chinese stock, the thing is than even if trump wins another term sooner or later he is gone, china will still be there…

  6. It's amazing Obama never had over 3% growth, yet Trump has averaged that.. Obama had the house and senate kissing his butt, the media too. Trump has to fight for every inch.Imagine if people didn't hope for failure?

  7. Selloffs are weak people giving money to rich people. The weak people all cause they are scared, rich people wait and buy the dips.

  8. If you have not changed your investments since 2016, you are richer. Everyone what's do everything to us, the system will work, out thinking the system, Las Vegas has the same system, if your investments pay dividends, clip the coupons, Exactly half of all investors want the markets to go up, what do the other half want? The governing dynamitic of the economy is change, that is the only issue that is not in play, it never ends. Markets go up and down, since it started, the dow in time always goes higher then before, always. All governments want better for themselves, common law.

  9. In the past 100 years,
    the Chinese survived a Civil War that was 100 times more horrible than ours,
    they survived earthquakes and other disasters much worse than we have ever seen,
    they survived leadership that was utterly corrupt,
    they survived leadership that was utterly dictatorial,
    they survived economic downturns which led to mass famine,
    they survived many many invasions and wars,
    they survived both Communism and Capitalism.

    They are much tougher than we are.

    And Xi is much smarter than Trump.

  10. This guy literally just copied someone else's talking points on cnbc… literally word for word. U can't just regurgitate and call it News!

  11. Money problema scare ppl. When ppl are scared they panic. It has nothing to do with economics. With a moron in the whitehouse. Sell Sell Sell.

  12. No one ever talks about China’s human rights abuses. Cheap china merchandise usually equals horrible conditions for Chinese workers

  13. Feels different? Is she crazy? Who makes assessments on feelings? She refused to use her brain after he spoke these women don’t know squat !

  14. This isn't all that bad, last December we saw a big sell-off in the market. Buy the dips! Great investment opportunity 👍

  15. Fox is full of morons. Trade war wit China isn't looking too good. Stocks plummet because of Trump's trade policies. After tax cuts, after age bail out and just after feds lowered interest rates

  16. I work in the automotive industry. We just can't make enough Jeeps! Bumper to bumper throughout the factory. Every one of them are sold! Been that way now for a solid 10 years! Or since the big bubble burst in 2007-2008

  17. I'll tell you what is very concerning about China. China makes 80% of the US pharmaceutical drugs. Do you really want to give a communist country that kind of power?  There is no regulations for purity of the product in China.  The Chinese government operates just like today's socialist/democrat party.  Honey exports are watered down with fructose syrups, prison slave labor is used in their garlic exports, lead in the toys,  super hacking and stealing billions in US intellectual property and also has a huge propaganda machine in the US. They are dirty cheap criminals.

  18. Just because you pretend to know whats going on in the world or what your even talking about does not make it real or true.

  19. let be real folks, we buy more crap from china then any other country. The price we pay will go up by way of tariff. WE ARE PAYING FOR THIS CRAP!!

  20. 이제는문재인정부도인정하고현실에판단력이필요할때입니다southKorea가유일한한미일동맹이모두아니southKorea갈길입니다

  21. Since 2009,

    "Banks and hedge funds make more money on trading SWAPS

    than trading in Stocks and Bonds,"

    ~ NY Times Deal Book

    Wall Street and the S&P 500 and NASDAQ
    are sucker bets that are FRONT RUN to STRING BET
    the $2,000 TRILLION FDIC and FHFA …. ISDA ……CBOE/NYSE SWAPS Casino !

  22. The enemy of Americans (and actually the World's middle class)

    are the Deep State (NWO/PC) of worldwide middle class destruction

    by DEBT SLAVERY and TAXES and HYPER INFLATED HOUSING COSTS

    for NWO/PC Socialism (a permanent welfare dependent class, 20% of population)

    and total wealth theft by the ISDA SWAPS $2 Quadrillion FDIC Casino
    Inside "Insurance Bets" BANKSTERS

    aka,… the 15% (insane) Carried Interest tax Rates

    of the ….1% billionaires (thousands of them, multi billionaires/millionaires)

    and their indentured slaves of the government and/or 'investment' class.

    For the first time in World financial history…..

    "Banks and hedge funds make more money on trading SWAPS

    than trading in Stocks and Bonds,"

    ~ NY Times Deal Book October 23, 2015.

    John Adams

    "There are two ways to conquer and enslave a nation.

    One is by sword. The other is by debt."

    Franklin Delano Roosevelt

    “All Government employees should realize that the process of collective bargaining, as usually understood, cannot be transplanted into the public service.”

    George Patton

    “The loudest voices in support of war always comes from those who've never seen one."

    Dwight Eisenhower

    "As we peer into society's future, we — you and I, and our government — must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow."

  23. Our company imports goods from China. We paid nearly %35 tax in total for our latest batch. We will increase the tags and it will be reflected to consumers not to manufacturers because we have a deal with Chinese manufacturers in USD not in RMB. So their devaluation does have zero benefits for us.

  24. Just put a ban on all Chinese product's all together. They will never make a fair trade deal. There thieves and liers you cant trust a thief.

  25. PRAYING JESUS, HELP US RECEIVE YOUR PERSONAL AND PROFESSIONAL REVIVAL IN US, AND BRING REVIVAL TO WHEREVER 'WE PLACE OUR FEET'', IN THE MIGHTY NAME OF JESUS,,, JESUS YOU ONCE ASK, 'DO YOU HAVE THE FAITH OF REVIVAL, FOR YOU ARE REVIVAL, JESUS HELP US IN OUR UNBELIEF,,, JESUS TEACH US THAT THIS GREAT HARVEST, WE WILL NOT SEE THE END, AND WE HAVE NEVER SEEN BEFORE,,, JESUS TEACH US THE REMNANT,  ''THE HARVESTERS / LABORERS / CO-LABORERS'', WILL RECEIVE AND GIVE YOUR PERFECT AND PERFECTING '1.LOVE',  SHEATHED IN YOUR '2.FORGIVENESS',  SOAKED AND SUBMERGED IN '3.PRAYER', SURELY THESE 3 CHARACTERISTICS OF LIGHT IS GOODNESS, SURELY, SURELY YOUR GOODNESS WILL BRING US TO REPENTANCE, ''TURNING TO YOU IN ALL THINGS'',,, JESUS TEACH US YOUR' ''LOVE, FORGIVENESS, AND PRAYER'' IS GREATER AND MORE POWERFUL THAN ALL EVIL, AND YOU LIGHT IS GREATER THAN ALL DARKNESS, OUR HOPE AND FUTURE IS IN CHRIST JESUS, ''HALLELUJAH'',,, I AMen

  26. The big hoaks, make investors nervous enough to sell off then the 1% will buy everything at cheap then president will come to an agreement with China and the stocks soar and the 1% get richer lmfao!

  27. Americans need to remember that the United States is not as strong as it used to be. China is strong enough to balance the United States,no one wins in a trade war

  28. Oh come on. I was watching Cavuto and he had me laughing yesterday with his "The sky is falling…The sky is falling". lol Stocks on the rise again today and Neal needs to intern again under Carter, or come out of the closet the liberal dirt bag he is. Just saying…

  29. It's so nice all these rich people sitting down talking about buying stocks even though they are plummeting, it's so nice! I don't blame them they have morons who can't afford their bills supporting this idiocy!
    The trade with China has been one-sided and the side that's benefitted most is the side that is going to take the hit! This trade war is great for Chinese companies because they have been waiting a long time to play a larger role in their economy where US companies have dominated since that was the essence of the trade deals! Only morons see this problem in the way these guys are saying it and they know nothing about the arrangement between the Chinese and the US economy because they have been brainwashed about all that patriotism nonsense.

  30. China wants Trump out of office. Manipulating their currency effects US economy…bad or weaker economy, to many, means Trump will lose 2020. Foreign influence on our election?!!!!

  31. These panel shows are so totally garbage. They put men vs women and a couple people who talk for one side, couple who talk for the other side. This is typical T.V. marketing formula to satisfy everyone. These Fox panels are utter crap and any moron could see through them. They're totally scripted as well. You cannot trust the news. You have to have your own common sense and just try and mine some truth out of the fray of PC nonsense.

  32. China has no labor unions, like the USA, so labor will always be cheaper in China. China also invested heavily in skilled tech education since the late 1970s, whereas the US has done a poor job of educating its labor force. So, even if manufacturing jobs wanted to come back to the USA, there aren't enough skilled workers to meet demand. Lets stop blaming everything on China. Blame everything on Corp USA greed for moving our jobs overseas and investing in foreign labor force.

  33. Sounds like a good time to buy. Anyway, 70 percent of the goods here are made in china. China owns the place. Who cares what they do. I had to buy 5 cheap sprinklers before one worked. Get rid of that stuff and it makes room for made in the usa. bye china.

  34. People will panic when tossed into a war of any kind. Brother Trump is the deal maker he will endure and win again.

  35. Why until now the United States starts doing something with the Chinese CCP thieves? Because of our previous weak administrations allowing China to "Game the America" plus some corrupted politicians who couldn't care less of the welfare of the Americans. 2020 Trump for sure.

  36. Companies World Wide should pack up and ship all their goods to a Nation like India, fine people who are hard workers and could use jobs to help boom that economy and help their people.

  37. China, are hoping that the Democrats winds 2020, so they can run with their communist game again, so sad for them; Trump will win 2020.

  38. So glad we have a smart business oriented President, not a goat herder or a pathological liar. Watch the Dems take the side of their Chinese donors and out themselves.

  39. Devalue Yuan….to lure more investment….low quality products flooding the world….? no way…chi-na…no way…

  40. U.S. can not compit with China, People do Business with China weelingly but U.S. Forse People to do so whit them

  41. Lol now its good opportunities for Donald Trump's and his Republicans supporters are buying all the stocks sell off like crazy to enriched themselves before 2020 elections while normal Americans are paying higher taxes lol.

  42. hey shouldn't we put Juan Williams, Shummers, Pelosie, Warrens , Nadler, AOC there personnel e-mails, who paid there political campaigns, how much, seems FAIR!! I will not let it drop!!

  43. The.stock.market.is.run.by.the.pirates.for.a.long.time.look.the.little.guy.was.never.a post.to.own.stock.only.the.real.wealthy.people.bought.stocks.not.mom.and
    Pop.that's.why.the.pirates.always.steal.there.money.it's.a.rigged..game

  44. Socalled reporters know it all.. Better to let things be, let China steal all they want.. How can Trump try to stop it??? FRAKK FAKE NEWS

  45. well miss blonde lady who I never got the name of, I tried to rewind 4 times to see if the host who gave her speaking time said it, and they didn't.. I don't watch fox news business, though I likely should.. the teriff is different, it's not about negotiation, it's about come to the plate with something fair and you have every opportunity to do so, but, understand, we are not playing checkers, this is chess, and your in check, and only one move gets you out before check mate!

  46. The dude says that China needs foreign currency. Doesn't China hold bucket loads of US treasuries though? They're up to their eyeballs in USD.

  47. Does it appear that liberal insane lunatics have taken over the asylum? Data indicates that is exactly what has happened during the past decades. Data indicates that 86% of all Americans are liberal GOP RINOs or liberal regressive progressive Democrats who qualify to be identified as insane lunatics. I have called financial reporters who consistently report false information dumpster divers because they are not responsive to being called insane lunatics. When I was a young man, a market was places like A&P and Kroger. Today, it is a fraud that people with money abuse to to increase their wealth without enduring any risk that people have opening new businesses have to endure. All countries of the world have failing economies that they try to prop up by creating funny money which is rapidly expanding the worlds MONEY SUPPLY. The United States has brought the printing of FUNNY MONEY to a new art form. Magic man Donald Trump is waging WAR against all the world's economies because the US cannot compete in the world market place. The few products America produces is not accepted by world markets because they cost too much. Today, the US trade deficits have with all the nations we trade with are extremely high. What do divers need to do? Honestly report financial news. STOP calling market traders INVESTORS. START calling traders SPECULATORS. 38% of money speculated on the market comes from foreign speculators using the funny money that they have pocketed. Ignorant Americans are enticed to speculate on the market scams because there is NO OTHER way for them to attain retirement income. Divers and media in general, get off the kick of blaming China and Russia for what our own ignorance has created. China has put nice stuff in your homes and hasn't done anything wrong. Xi Jinping and Putin suggest to Trump, solve the reasons why the US cannot produce products that appeal to all the citizens of the world. Most but not all the things Trump has done are counter productive and DO NOT address the problem. FBN Stuart Varney R8, your mouth runs much faster than you brain does. Don't damage Americans. Check out CNBC to find out what's going on. CLEARLY REPORT the monthly TRADE DEFICITS we have with each of the many countries we trade with.

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