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Miz Robbie Profile
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Re: Economics 101: Trump-Style


Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

Asawin Suebsaeng, Lachlan Markay | [sign in to see URL] 10:32 AM ET

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.

More (but it doesn't get any better) at: [sign in to see URL]

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Robbie
12/6/2018, 10:41 am Link to this post PM Miz Robbie
 
Bellelettres Profile
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Re: Economics 101: Trump-Style


I hope he will be in jail.
12/6/2018, 10:45 am Link to this post PM Bellelettres
 
Miz Robbie Profile
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Re: Economics 101: Trump-Style


quote:

Bellelettres wrote:

I hope he will be in jail.



I hope you get your hope.

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Robbie
12/6/2018, 11:31 am Link to this post PM Miz Robbie
 
Birdz Profile
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Re: Economics 101: Trump-Style


Me too.
12/6/2018, 11:51 am Link to this post PM Birdz
 
JustLis Profile
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Re: Economics 101: Trump-Style


quote:

Miz Robbie wrote:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up



Gee, Trump doesn't plan to pay his bills?

THAT is certainly something new.

Not.

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Lis

Just one voice.... Singing in the darkness....
12/6/2018, 2:16 pm Link to this post PM JustLis
 
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Re: Economics 101: Trump-Style


(]CNN) - Huawei exec's arrest opens a new front in the US-China trade war

The conflict between the United States and China over trade and technology is expanding.

The arrest of a top executive at Chinese tech giant Huawei at the request of the US government has angered Beijing, alarmed investors and raised new doubts about the fragile truce that the leaders of the world's top two economies reached just days ago.

"You have to see this as a significant escalation in the trade war," said Christopher Balding, a China expert at the Fulbright University Vietnam in Ho Chi Minh City.

Viewed by US intelligence agencies as a national security threat, Huawei is one of China's most prominent tech companies. It sells more smartphones than Apple (AAPL) and builds telecommunications networks in countries around the world.

Canadian authorities said late Wednesday that Huawei's chief financial officer, Meng Wanzhou, had been arrested in Vancouver and that the United States is seeking her extradition.

The US and Canadian governments haven't specified what charges Meng faces, but her arrest follows reports this year that the US Justice Department was investigating whether Huawei violated American sanctions on Iran....

Technology is at the heart of the trade war. The Trump administration says the huge waves of tariffs it has slapped on Chinese goods are part of an effort to stop China from getting its hands on American technology unfairly through practices like cybertheft and forcing companies to hand over trade secrets.



NOTE: Tariffs don't DO that! *shaking head*

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Lis

Just one voice.... Singing in the darkness....
12/6/2018, 3:59 pm Link to this post PM JustLis
 
CooterBrown44 Profile
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Re: Economics 101: Trump-Style


That blithering idiot has wrecked my IRA. Fortunately, it will recover over time if we can get rid of that imbecile.
12/6/2018, 7:11 pm Link to this post PM CooterBrown44
 
JustLis Profile
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Re: Economics 101: Trump-Style


(]CNN) - Brutal week: Dow plunges 1,150 points

Worries about the US-China trade war unleashed another round of heavy selling on Friday, capping off a brutal week on Wall Street.

The Dow fell 559 points, or 2.2%, on Friday as investors were left confused by conflicting messages coming out of the White House on the trade negotiations with China. The index was down as much as 663 points at one point. The Nasdaq closed with a loss of 3.1%, while the S&P 500 retreated 2.3%.

For the week, the Dow plunged 1,150 points, or 4.5%. It was the index's worst week since March.

Stocks had been trading higher earlier Friday, but the market turned sharply lower after Trump administration officials seemed to contradict each other on trade.

While White House economic adviser Larry Kudlow sounded an optimistic note about China talks on CNBC, trade adviser Peter Navarro was simultaneously warning on CNN of higher tariffs if issues aren't resolved during a 90-day negotiating period.

"We've gotten a hodge-podge of mixed messages from people in the same administration," said Art Hogan, chief market strategist at B. Riley FBR. "We're not sure who we're supposed to listen to."


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Lis

Just one voice.... Singing in the darkness....
12/7/2018, 4:39 pm Link to this post PM JustLis
 


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