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Train Wreck. Clown Show.

Honestly, are you of the retard? Yes. those are US-made cars. There is no tariff on them. Do you understand this or are you confused?
You were spun up about VWs and their foreign parts not reaching the shore as good news. The VW and Honda factories that supply parts to those American assembly lines will be greatly affected.

And the phrase "honestly, are you of the retard?" is both ironically ungrammatical, and a reflection of how you respond without thinking things through.
 
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Confronting the CCP would be more effective if we had allies with us in a collective effort to place maximum economic pressure on them. No chance of that.

In more recent news, Russia has rejected the ceasefire, is still bombing Ukraine, and has conscripted another 160k troops.
status as of today- Stocks Surge as EU Ready to Negotiate on Tariffs; CCP Gets Ultimatum

Video below for any interested. @bonefish1 have to wait and see Wednesday I guess...hope I can get data I need to get

 
Shaping up to be a bad day in the stock market for you and other hysterics - but maybe it will turn around and go down some more to make you happy.
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You're right; it's turning into another bad day for the stock market. It's down again.

If it turns around and goes up? That will mean that Trump and his ADD-cognitive decline-very small brain has finally, like a dog that sees a squirrel, moved on from extortionate tariffs.

And yes, that would make me happy.
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status as of today- Stocks Surge as EU Ready to Negotiate on Tariffs; CCP Gets Ultimatum

Video below for any interested. @bonefish1 have to wait and see Wednesday I guess...hope I can get data I need to get

The stock market is down today.
 
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The stock market is down today.
yes...actually the volatility of the last several years has had me hold on and not move things. It appears most think this could last a month or another quarter. I would love to know when it is at its lowest to rollover. Earlier in the day the S&P/Nasdaq were slightly down to slightly up and so it looks like the bleeding has slowed down. We will see what the hit is tomorrow. If you are young with several years to compound, we may see the market on steroids in a year or two unless policies from midterm kill it. Also, if there is a chance in 4 years the dems could be in control due to the fickle nature of people, perhaps a rollover is good for you since we can expect the dems to spend and tax more in the future. The article should you read it helps put in perspective China and trade. The two most powerful economic powers in a trade war where it hurts China more than the USA. Interesting times...OOps I see it dropped a lot since my last check. I guess this quick drop was due to the tariffs tomorrow. We shall see what drop happens tomorrow since I think some of it took place today
 
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Some of the parts are made outside the US. Thus subjected to tariffs from the countries of origin. Hence driving up the costs of cars purchased in the US.
Understood but the list posted by Katsniffer was based upon US origin parts, components, manufacturing, etc., and those were the top brands.
 
Where does it say BMW's reaction is to "close the SC plant...and move it to Canada" like you said?

Have you been busted yet again for lying on this forum?
So Victor Davis Hanson asked a very pertinent question when he asked if tariffs are so damaging to all those countries that have or use them and have grown wealth...why is that so? It is as though there are elements not accounted for in play. His question is a very good , fundamental question that none of the links or views posted in this site answer and yet it actually strikes at the real issue and the one that is the most important.
 
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Here's what we're up against with these substantial tariffs;

  1. Direct quote from Commerce Secretary Lutnick: "The army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America. Our high school educated Americans — the core to our workforce, is going to have the greatest resurgence of jobs in the history of America to work on these high-tech factories, which are all coming to America. That's what's going to build our next generation of America."
  2. Per the Global Times, the average wage of an Apple Factory worker currently "screwing in little screws to make IPhones? "Foxconn's iDPBG group - the one that makes iPhone - offers hourly wage at around 21 yuan ($2.88), resulting in a base salary of 2,460 yuan per month with overtime pay, the recruitment manager told the Global Times on Sunday."
 
yes...actually the volatility of the last several years has had me hold on and not move things. It appears most think this could last a month or another quarter. I would love to know when it is at its lowest to rollover. Earlier in the day the S&P/Nasdaq were slightly down to slightly up and so it looks like the bleeding has slowed down. We will see what the hit is tomorrow. If you are young with several years to compound, we may see the market on steroids in a year or two unless policies from midterm kill it. Also, if there is a chance in 4 years the dems could be in control due to the fickle nature of people, perhaps a rollover is good for you since we can expect the dems to spend and tax more in the future. The article should you read it helps put in perspective China and trade. The two most powerful economic powers in a trade war where it hurts China more than the USA. Interesting times...OOps I see it dropped a lot since my last check. I guess this quick drop was due to the tariffs tomorrow. We shall see what drop happens tomorrow since I think some of it took place today
I don't think blaming Dems for a stock market drop makes a lot of sense right now.

We will see what happens over the next few months. Whether everyone likes it or not, these tariffs are going to start getting passed on to consumers. I will be curious to see how people react to those higher prices.
 
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You're right; it's turning into another bad day for the stock market. It's down again.

If it turns around and goes up? That will mean that Trump and his ADD-cognitive decline-very small brain has finally, like a dog that sees a squirrel, moved on from extortionate tariffs.

And yes, that would make me happy.
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I had expected you to at least acknowledge Bob for his unprecedented run of 3.5 years with the dumbest post when you replaced him yesterday with your idiot BMW "logical progression" - but no, you didn't even have the decency to thank him for his countless rants and absurdities that served as examples for you as you honed your stupidity.

It is not too late for you to acknowledge and thank @BB62 for his mentorship, helping you plumb the depths of foolishness. (But don't rest on your laurels - there are several lib dems right behind you on the forum, not to mention the GOAT himself.)
 
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I don't think blaming Dems for a stock market drop makes a lot of sense right now.

We will see what happens over the next few months. Whether everyone likes it or not, these tariffs are going to start getting passed on to consumers. I will be curious to see how people react to those higher prices.
dinner is ready, but I can't recall anywhere saying the dems were responsible for the market today. I did reference their history takes such as tax and spend in 4 years. I'll try to read what I wrote again to have you type what you did in a few.
 
I don't think blaming Dems for a stock market drop makes a lot of sense right now.

We will see what happens over the next few months. Whether everyone likes it or not, these tariffs are going to start getting passed on to consumers. I will be curious to see how people react to those higher prices.
I read it again and not sure how you came up with me blaming the stock market drop on Dems. What did you think you read?
 
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I had expected you to at least acknowledge Bob for his unprecedented run of 3.5 years with the dumbest post when you replaced him yesterday with your idiot BMW "logical progression" - but no, you didn't even have the decency to thank him for his countless rants and absurdities that served as examples for you as you honed your stupidity.

It is not too late for you to acknowledge and thank @BB62 for his mentorship, helping you plumb the depths of foolishness. (But don't rest on your laurels - there are several lib dems right behind you on the forum, not to mention the GOAT himself.)
Well, if you can figure out the madness behind the dems on the whole, you are well ahead of most psychiatrists. I've tried not eating or sleeping and even tried watching the view and nothing seems to help me understand them. I suppose I could try some LSD and such, maybe wear some Nike shoes searching Heaven's Gate or even drink some Kool aid from Jim Jones, but the after effects of connecting with them is not worth it. BTW, Bob and Kat both said they were republicans in spite of their stances
 
Here's what we're up against with these substantial tariffs;

  1. Direct quote from Commerce Secretary Lutnick: "The army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America. Our high school educated Americans — the core to our workforce, is going to have the greatest resurgence of jobs in the history of America to work on these high-tech factories, which are all coming to America. That's what's going to build our next generation of America."
  2. Per the Global Times, the average wage of an Apple Factory worker currently "screwing in little screws to make IPhones? "Foxconn's iDPBG group - the one that makes iPhone - offers hourly wage at around 21 yuan ($2.88), resulting in a base salary of 2,460 yuan per month with overtime pay, the recruitment manager told the Global Times on Sunday."
If moved inside the USA screw insertion will be machine driven more than likely. What will also be interesting is to see what Mexico does, because I'm sure they would love the work from China...some of which was moved from Mexico. Hand size or dexterity in women make them most desireable for small, tedious work. Course the acidity level when a women was having a period created a few problems sometimes.

Years ago when components had lead or wires for connections, women would "stick lead" them through the holes in a circuit board to be soldiered . Then in the 80s ceramic capacitors and other components had no leads and were "glued" on a circuit board with a component placement machine that would orient the part with a ficucial and then go in and X-Y pattern and place hundreds or thousands of components replacing many previous stick lead operators. I remember the first machine from the Netherlands in the early 80s. One of the companies in Mexico that I visited was Molex and I think this site maybe was Nogales, Mexico. Molex is a very good company and this particular site had women working on other company parts as well and they were paid $7 a day and they were happy with that money. The company offered free lunch (and maybe breakfast) and air conditioning to their employees which they appreciated. In the early days it was hard to keep Mexican workers because after a month or so they had enough money to live for a while and when they ran out...they would seek a job again. Training was a continuous thing. Anyway, if Mexico and the Cartels improved a lot, I'm sure they would be happy to take China's work...should it not be feasible for automation to handle the duties in the USA. When the government paid to have respirators made in the USA...what a bunch of manual operations that was...like going back to a third world?
 
Here's what we're up against with these substantial tariffs;

  1. Direct quote from Commerce Secretary Lutnick: "The army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America. Our high school educated Americans — the core to our workforce, is going to have the greatest resurgence of jobs in the history of America to work on these high-tech factories, which are all coming to America. That's what's going to build our next generation of America."
  2. Per the Global Times, the average wage of an Apple Factory worker currently "screwing in little screws to make IPhones? "Foxconn's iDPBG group - the one that makes iPhone - offers hourly wage at around 21 yuan ($2.88), resulting in a base salary of 2,460 yuan per month with overtime pay, the recruitment manager told the Global Times on Sunday."
here's what I dont understand economically. Iphones cost maybe $100 to make max, despite all the hard work kit takes to make them. Yet retails for 800. So an American company makes $700 cool dollars just for branding, and we think we have the bad deal.

Let's talk about chocolate. The african farmer growing cocoa plants makes pennies per pound, the manufacturing plant in some middle-class country turning the cocoa into chocolate, makes dimes per pound. The first world company that slaps a brand on the chocolate and sells anywhere, makes dollars per pound. Yet, it's the last one that's complaining of being ripped of, and instead wants to become the middle one instead. Help me make this make sense.
 
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here's what I dont understand economically. Iphones cost maybe $100 to make max, despite all the hard work kit takes to make them. Yet retails for 800. So an American company makes $700 cool dollars just for branding, and we think we have the bad deal.

Let's talk about chocolate. The african farmer growing cocoa plants makes pennies per pound, the manufacturing plant in some middle-class country turning the cocoa into chocolate, makes dimes per pound. The first world company that slaps a brand on the chocolate and sells anywhere, makes dollars per pound. Yet, it's the last one that's complaining of being ripped of, and instead wants to become the middle one instead. Help me make this make sense.
They can't and they won't.
 
here's what I dont understand economically. Iphones cost maybe $100 to make max, despite all the hard work kit takes to make them. Yet retails for 800. So an American company makes $700 cool dollars just for branding, and we think we have the bad deal.

Let's talk about chocolate. The african farmer growing cocoa plants makes pennies per pound, the manufacturing plant in some middle-class country turning the cocoa into chocolate, makes dimes per pound. The first world company that slaps a brand on the chocolate and sells anywhere, makes dollars per pound. Yet, it's the last one that's complaining of being ripped of, and instead wants to become the middle one instead. Help me make this make sense.
The US economy (with variations) consists of low unemployment, an educated, well-paid work force, and an inordinately high standard of living.

Should we strive to remove situations where we are getting screwed? Sure. But should we strive to reinvent our economy so that a much higher percentage of workers are screwing together tech toys in low-paying factory jobs? Hell no.
 
  • Australia has/had a free trade agreement with the US. No tariffs either direction.

  • We have had a large trade surplus with Australia.

  • We just hit Australia with a 10% tariff on every item they export to the US.

Tell me Trump supporters; in what universe does that make sense?
 
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  • Australia has/had a free trade agreement with the US. No tariffs either direction.

  • We have had a large trade surplus with Australia.

  • We just hit Australia with a 10% tariff on every item they export to the US.

Tell me Trump supporters; in what universe does that make sense?
Chump thinks these tariffs will be income to the US.
 
  • Australia has/had a free trade agreement with the US. No tariffs either direction.

  • We have had a large trade surplus with Australia.

  • We just hit Australia with a 10% tariff on every item they export to the US.

Tell me Trump supporters; in what universe does that make sense?
On the surface, and your info...it doesn't. Could it be a blanket coverage that is a mistake? Could it be the result of a certain commodity? Such a huge undertaking to correct some long term problems I imagine there will be things that seem odd. Possibly worth keeping an eye on...if you have that free time and interested.
 
  • Australia has/had a free trade agreement with the US. No tariffs either direction.

  • We have had a large trade surplus with Australia.

  • We just hit Australia with a 10% tariff on every item they export to the US.

Tell me Trump supporters; in what universe does that make sense?
According to Trump, the universe in which Australia has had a 20-year ban on the import of US beef. Should be an easy one to fix.
 
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here's what I dont understand economically. Iphones cost maybe $100 to make max, despite all the hard work kit takes to make them. Yet retails for 800. So an American company makes $700 cool dollars just for branding, and we think we have the bad deal.

Let's talk about chocolate. The african farmer growing cocoa plants makes pennies per pound, the manufacturing plant in some middle-class country turning the cocoa into chocolate, makes dimes per pound. The first world company that slaps a brand on the chocolate and sells anywhere, makes dollars per pound. Yet, it's the last one that's complaining of being ripped of, and instead wants to become the middle one instead. Help me make this make sense.
I have no idea how close your numbers are for Iphones. I seem to recall they sometimes are free with a two year contract. R&D costs for new technology are in play and of course any warranty with electronics typically has a bath tub shape with early failures...little change after and then an uptick as it gets older. Look at the pharmaceutical costs between brand and generic with the difference being research costs primary. Still, that won't explain all the gap in cost versus profit. All said we know that historically capitalism has always elevated more people's standards than socialism/communism.

FWIW, sometimes when I would be at a facility in Mexico there appeared to be girls younger than 18. Naturally we were assured that age was checked before hiring and that girl was making good money for her family...IF she was as young as I thought. Mexico is corrupt...that we know. We have strong reason to suspect that many products imported are produced under conditions different than in the USA. Are you able to create the billing you want to patients dependent on whatever desires you have? I'm not sure I understand your desires or concerns?
 
On the surface, and your info...it doesn't. Could it be a blanket coverage that is a mistake? Could it be the result of a certain commodity? Such a huge undertaking to correct some long term problems I imagine there will be things that seem odd. Possibly worth keeping an eye on...if you have that free time and interested.
you are trying so hard to make sense out of nonsense. Sometimes, nonsense is exactly what it is. Nonsense.
 
I have no idea how close your numbers are for Iphones. I seem to recall they sometimes are free with a two year contract. R&D costs for new technology are in play and of course any warranty with electronics typically has a bath tub shape with early failures...little change after and then an uptick as it gets older. Look at the pharmaceutical costs between brand and generic with the difference being research costs primary. Still, that won't explain all the gap in cost versus profit. All said we know that historically capitalism has always elevated more people's standards than socialism/communism.

FWIW, sometimes when I would be at a facility in Mexico there appeared to be girls younger than 18. Naturally we were assured that age was checked before hiring and that girl was making good money for her family...IF she was as young as I thought. Mexico is corrupt...that we know. We have strong reason to suspect that many products imported are produced under conditions different than in the USA. Are you able to create the billing you want to patients dependent on whatever desires you have? I'm not sure I understand your desires or concerns?
The part in bold is not directly accurate. The difference in price is not from research cost. The difference is because state-granted monopoly (drug patent) to sell drugs for a time period in order to help them recoup their research costs.

Don't conflate. Iphones are not free, that's just sales gimick. they are just obscuring who is paying it directly. It is till retailing at whatever price Apple is selling it. Apple's ability to charge whatever it charges for it is not just down to recouping R&D costs, it is also a strong branding premium.

Either way, my point was not on being accurate with the pricing. It is that in the entire value chain of taking something from ideas & raw-materials all the way to actual products, US companies have done an excellent job, of placing themselves in the part that generates the most profit, and outsourced the lower-margin aspects to other countries. It makes little economic sense to me, to willfully then go say, i want the lower margin aspects, at risk of possibly losing the higher margin ones.

But economics is not the only things that matter. maybe, it makes political sense among some section of the community. Economically though, its like willingly trading a larger pie to fight for a smaller pie, because other's countries piece of the larger pie is bigger than what they used to get in the smaller pie.
 
The part in bold is not directly accurate. The difference in price is not from research cost. The difference is because state-granted monopoly (drug patent) to sell drugs for a time period in order to help them recoup their research costs.

Don't conflate. Iphones are not free, that's just sales gimick. they are just obscuring who is paying it directly. It is till retailing at whatever price Apple is selling it. Apple's ability to charge whatever it charges for it is not just down to recouping R&D costs, it is also a strong branding premium.

Either way, my point was not on being accurate with the pricing. It is that in the entire value chain of taking something from ideas & raw-materials all the way to actual products, US companies have done an excellent job, of placing themselves in the part that generates the most profit, and outsourced the lower-margin aspects to other countries. It makes little economic sense to me, to willfully then go say, i want the lower margin aspects, at risk of possibly losing the higher margin ones.

But economics is not the only things that matter. maybe, it makes political sense among some section of the community. Economically though, its like willingly trading a larger pie to fight for a smaller pie, because other's countries piece of the larger pie is bigger than what they used to get in the smaller pie.
companies want to make money as do their investors. Always been this way. Are you saying you have a better way than free market to create a price? I'm unsure of your desires or if you are only stating that different levels inside the process get different profit margins? Also if the difference between brand and generic primary cost is not research, what is the primary cost difference?
 
I read it - a nice story about an Ecuadorian chocolate company that imports to the US. And it's a product that grows much better in their climate- cannot be replicated in the US.

  • In 2021, the US signed a free-trade agreement with Ecuador; no tariffs in either direction.

Now?

Ecuador says U.S. tariffs to hurt key exports
Source: XinhuaEditor: huaxia2025-04-03 10:50:30

QUITO, April 2 (Xinhua) -- Ecuador's main export industry group warned Wednesday that new U.S. tariffs will significantly affect the country's exports of agricultural goods, notably banana, shrimp and cocoa.

The Trump administration's plan to impose a 10 percent tariff on imports from over 180 countries starting April 5 threatens Ecuador's key exports, which currently enter the United States tariff-free, said the Ecuadorian Federation of Exporters (Fedexpor).

The group said the impact is compounded by Ecuador's lack of a trade agreement with the United States, which is a gap that leaves Ecuador at a competitive disadvantage compared to regional exporters with preferential access.

"The absence of a trade deal with the U.S. puts Ecuadorian exports in a weaker position under this new tariff regime," it said in a statement.

Fedexpor and the Ecuadorian-American Chamber of Commerce said they have opened diplomatic and technical discussions with U.S. trade officials to explore options to limit the damage.

The United States is Ecuador's top trading partner and the leading destination for its non-oil exports. Fedexpor estimates that the lack of a trade agreement has already cost the country up to 300 million U.S. dollars in potential exports. ■
 
Tell me Trump supporters; in what universe does that make sense?
I have lived overseas for a collective eight years and there are are ways to jimmy free trade without calling it a tariff. One is currency manipulation. When I was in the Philippines, the official exchange rate was one dollar = eight pesos. Now, a peso was actually worth a nickel on the black market.

Another way is excise taxes. It's not a 10% tariff. It's a 10% excise tax. See the difference?
 
I have lived overseas for a collective eight years and there are are ways to jimmy free trade without calling it a tariff. One is currency manipulation. When I was in the Philippines, the official exchange rate was one dollar = eight pesos. Now, a peso was actually worth a nickel on the black market.

Another way is excise taxes. It's not a 10% tariff. It's a 10% excise tax. See the difference?
My understanding is that excise taxes are applied to specific products, usually non-essential, whereas tariffs are applied to any goods from a particular country that are imported.

So sure; any movement toward trade policy that actually is based on analysis and forethought would be an improvement.
 
The part in bold is not directly accurate. The difference in price is not from research cost. The difference is because state-granted monopoly (drug patent) to sell drugs for a time period in order to help them recoup their research costs.

Don't conflate. Iphones are not free, that's just sales gimick. they are just obscuring who is paying it directly. It is till retailing at whatever price Apple is selling it. Apple's ability to charge whatever it charges for it is not just down to recouping R&D costs, it is also a strong branding premium.

Either way, my point was not on being accurate with the pricing. It is that in the entire value chain of taking something from ideas & raw-materials all the way to actual products, US companies have done an excellent job, of placing themselves in the part that generates the most profit, and outsourced the lower-margin aspects to other countries. It makes little economic sense to me, to willfully then go say, i want the lower margin aspects, at risk of possibly losing the higher margin ones.

But economics is not the only things that matter. maybe, it makes political sense among some section of the community. Economically though, its like willingly trading a larger pie to fight for a smaller pie, because other's countries piece of the larger pie is bigger than what they used to get in the smaller pie.
Not to mention we don't enough willing bodies to do all the manufacturing jobs trump says are coming back.

There's an underlying issue among the younger generation that no one wants to talk about, more so young men. For a variety of reasons, they don't want to do the manual work than manufacturing jobs require. Or construction for that matter. A motivated young man can get some training.......or just start at the bottom and learn, and make a pretty decent living as a plumber or electrician or in other trades.

I'm just not sure the jobs, if they come back, are gonna have people to fill them........at least the "Americans" trump thinks will take them.
 
Not to mention we don't enough willing bodies to do all the manufacturing jobs trump says are coming back.

There's an underlying issue among the younger generation that no one wants to talk about, more so young men. For a variety of reasons, they don't want to do the manual work than manufacturing jobs require. Or construction for that matter. A motivated young man can get some training.......or just start at the bottom and learn, and make a pretty decent living as a plumber or electrician or in other trades.

I'm just not sure the jobs, if they come back, are gonna have people to fill them........at least the "Americans" trump thinks will take them.
Is he proposing that Barron Trump will be screwing IPhones together in a factory?

Nope.
 
companies want to make money as do their investors. Always been this way. Are you saying you have a better way than free market to create a price? I'm unsure of your desires or if you are only stating that different levels inside the process get different profit margins? Also if the difference between brand and generic primary cost is not research, what is the primary cost difference?
By bringing up costs to talk about price, it seems to me that you may be conflating demand and supply. The price of something is not directly dependent on cost to produce at all. It is simply dependent on what people will pay. cost to produce only matters to supply. If the price people want to pay is lower than what it costs you to produce, you simply don't produce.

For drugs, the difference in price between generics and brand comes from government granting pharma companies term-limited monopolies via drug patents. That's the only reason why drugs under patent cost so much, the drug maker is a monopoly and therefore extracting monopoly rents (i.e. much higher prices)

After the patent ends, why do brand still cost more than generic. That's the just the brand premium. They have been in the market longer, and everybody has come to associate them with the drug. they are able to charge a premium for that branding and that's usually much much less than they can charge under monopoly pricing. None of the pricing has anything directly to do with costs of research. none.

By the way, big pharma in US are mostly drug approval and drug-marketing companies, not drug research companies. Those are usually smaller companies or universities.
 
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Is he proposing that Barron Trump will be screwing IPhones together in a factory?

Nope.
I'm sure Baron will be working for the Trump Companies but persons of his age will be working on and managing Robots that do what the 14 year old Chinese girls are currently doing.
 
I'm sure Baron will be working for the Trump Companies but persons of his age will be working on and managing Robots that do what the 14 year old Chinese girls are currently doing.
If those are the jobs that Chinese 14 year olds have, what jobs do Chinese adults have?

The average Chinese wage for tech factories is about $3.00 per hour. How much do you suppose American workers will be paid for those jobs, and what will those drastically increased labor costs do to the price of goods in the US?
 
“If China wanted to hit us hard, they could unload treasuries. Is that a threat? Sure it is,” said Guy Cecala, executive chair of Inside Mortgage Finance. “They’re going to look at pushing levers and trying to put pressure ... Targeting housing and mortgage rates is a powerful driver of something like that.”

At the end of January, foreign countries owned $1.32 trillion worth of U.S. MBS, or 15% of the total outstanding, according to Ginnie Mae. The top owners: Japan, China, Taiwan and Canada.

China had already begun selling off some U.S. MBS last year, with the country’s holdings at the end of September down 8.7% year over year and down 20% by the start of December. Japan, which had shown gains in its MBS in September, showed a drop at the start of December.

If China and Japan were to accelerate those sales further, and if other nations were to follow, mortgage rates would rise even more than they are now.

“The concern, I think, is on folks’ radar screens, and being raised as a potential source of friction,” said Eric Hagen, mortgage and specialty finance analyst at BTIG. “Most investors are concerned that mortgage spreads would widen in response to either China, Japan or Canada coming in with a retaliatory objective.”

Widening spreads mean higher mortgage rates.


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