Breaking: China Just Did the Unthinkable!

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[Yuzer-rxxl]

The word "Recession" is code word for Depression.

[SmallBaller]

generally trade war just leads to deadly war but as far as economic war I would never underestimate the skullduggary of the USA

[ANON-yc]

China is not retaliating..rule of law says..China has the democratic right to protect herself from escalatory threats from USA

[perseus-tm]

Get people to spend is impossible people tapped out and cutting social security was the worse move the government could have ever made because the people are barely making it.

[peterquin]

It will be interesting to find out who holds the true power, the producer nation, or the consumer nation. Sure, we own the world reserve currency. But we also own a staggering debt pile. China, on the other hand, has trillions of surplus dollars and owns all the factories. However, their private sector is drowning in debt. It will be like watching a slow-motion train wreck.

[vikingnj]

Such excellent analysis, thank you, Steve!

[mikedavison]

In the first few seconds you ask " can china's economy handle retaliation". That's a dumbass question. The question should be can the USA survive a tariff war where the other country doesn't just roll over and yield?
I think they can hold out a lot longer than the USA. They are broke but the USA is closer to bankruptcy than they are.

[raesmart]

Stop worrying about electric vehicles, problem solved! Pull all companies back.

[haroldandersen]

Over priced markets are due for a down turn. And WHO WILL BUY OUR NATIONAL DEBT in a world wide recession with China and Japan, our two largest holders of US dollars, are selling them like there is no

[TRUTHSUBJECT.]

Steve, can you please give your opinions of US DOLLAR standing as world reserve currency ? I believe the USA is toast and I am a USA VETERAN who loves watch his country go in decline. Tariffs can be useful but thay aren't magic, our USA BANKS must have faith in borrowers as this is the best method of creation of US DOLLARS, not with Congressional Decrees.

[mtployconserv]

OPEN THE HUGE RARE EARTH MINERALS MINES IN WYOMING. Two big mines. One mine near Sheridan and another near Wheatland WYOMING.

[abby]

And everything is too expensive in America.
The prices jumped up over double 4 years ago.

[robertblakeley]

Interestingly enough, several mine permits were issued after decades of deliberations, mining here is starting for a few of the earlier named critical minerals.

[beecool]

America can close the door and trade within among themselves as the world don't want hegemon

[jacquelinemorgan]

China's economy is growing at practically twice that of the US. We need to worry about US economy. China is doing just fine

[perseus-tm]

We need to bring back Manufacturing and quick

[BrianMartinez-vu]

Thanks for sharing such valuable information! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[prastagus]

A large part is still Chinese consumers wary of the result of real estate correction that has been going on for 2 years. This is well known in Asian economical circles.
due to China being a mixed economical model, you cannot exactly use the pattern of US incoming recession to describe China.

[puggleski]

The US' next biggest trading partners move into pole position vis a vis trade. And that happens to be KSA, India, EU countries. Countries or common mkts which have been bearing the brunt of violent and self serving US diplomacy.

Payback is a bitch.

[caseyfaitel]

This will be ok. Make it difficult for Chinese Amazon sellers getting that huge post discount. It will also be interesting for Walmart. Nothing I absolutely need.