China

Horn6721 said:
JF
I like your optimism but I am less hopeful. USA Millennials have not had any hardships
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What's going on in Iran is being done by their millennials too
Although what is going on there gets even less press than Hong Kong
It is at least possible that if these people are able to gain the upper hand and throw out all the crazies, it would ripple a calm through the entire Middle East -- did you ever think you would live long enough to see that?

 
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In addition to Hong Kong and (all over) Iran, Millennials are currently fighting, to varying degrees, for freedom, liberty and democracy all over the dang place

Chile
Spain
France
Iraq
Haiti
Ecuador
Guinea
Germany
Netherlands
Panama
Egypt
Peru
Algeria
Lebanon
Bolivia
Colombia
Greece
+ others

These are not all the unusual crazy Marxists slinging slogans. These are folks, to a large part, raised by the internet.
 
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The rating for the NBA show that the taking a knee for China over the simple tweet supporting democracy by Daryl Morey has backfired on them.

The NFL, to its credit, recognized it had a major issue when ratings dropped 19% over 2 years after the league got woke. But then they finally killed the politics and fans came back. The NBA has an even bigger woke problem. For example, they kicked out an owner for some old racial insensitivity comments. They moved the all-star game over transgender bathroom issues. They had players AND coaches lecture fans on politics but then turn around and bent a knee to China. CHINA! Now they are rolling out "load management." The sum is sinking ratings and a big mess.

Will they fix it? Can they?

 
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Pat Buchanan raises some questions about where the US position on the Hong Kong protests might end up

" ..... Xi Jinping is no Mikhail Gorbachev. He is not going to let his people go. He is not going to risk a revolution to overturn the Maoist Revolution he has served his entire life.

A ruler committing the atrocities Xi is committing today in the concentration camps in the Uighur regions of China is staying his hand in Hong Kong only so the world and the West cannot see the true face of the ideology in which this true believer believes.

In providing moral support for protesters in Hong Kong who desire the freedoms we enjoy, America is on the right side. But to align the U.S. with the protesters' cause, and threaten sanctions if their demands are not met, is to lead these demonstrators to make demands that Hong Kong's rulers cannot meet and China will not allow.

We should ask ourselves some questions before we declare our solidarity with the protesters engaging the Hong Kong police.

If the police crush them, or if China's army moves in and crushes the demonstrators whose hopes were raised by America's declared solidarity, then what are we prepared to do to save them and their cause?

Are we willing to impose sanctions on Beijing, such as we have on Venezuela, Iran and Vladimir Putin's Russia?

Some of us yet recall how the Voice of America broadcast to the Hungarian rebels of 1956 that if they rose up and threw the Russians out, we would be at their side. The Hungarians rose up. We did nothing. And one of the great bloodbaths of the Cold War ensued.

Are we telling the protesters of Hong Kong, "We've got your back!" when we really don't?​

Patrick J. Buchanan: In Hong Kong, It's US vs. China Now | Articles
 
I thought US support just meant that we want Hong Kong to be peaceful and prosperous. To that end, we hop that China will quit encroaching on them and their legal system.

I never imagined signing up for military assistance to them against China. Not sure anybody has that in mind.
 
Yeah, but that was the point of Buchanon's article. Either we would attack China on Hong Kong's behalf or we would be guilty for any suffering in Hong Kong due to our provocation of China with our support for Hong Kong. It sounded nonsensical to me.
 
Well, I think we shouldn't as Americans fail to support popular sovereignty and freedom. If we get attacked for words, well, that is on them, and shows them to be the bad guys.
 
Monahorns said:
Well, I think we shouldn't as Americans fail to support popular sovereignty and freedom. If we get attacked for words, well, that is on them, and shows them to be the bad guys.
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The PRC are a bunch of bullies who can’t afford to look weak.
 
China is absolutely NOT going to attack us militarily, and you have the debt we owe them to thank. Their economy cannot stand the loss of our debt payments to them combined with access to our market being cut off, both of which would happen immediately were they to attack us.
 
How can Trump be so right on China and so wrong on the US. He is telling China to stop printing money. He nails it directly on the head.

But then he tells Powell to do the same exact thing! Europe, Japan, China, Argentina, Venezuela, and the US. All printing money and hurting working class people.
 
Monahorns said:
How can Trump be so right on China and so wrong on the US. He is telling China to stop printing money. He nails it directly on the head.

But then he tells Powell to do the same exact thing! Europe, Japan, China, Argentina, Venezuela, and the US. All printing money and hurting working class people.
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Star Wars part 2
 
Monahorns said:
How can Trump be so right on China and so wrong on the US. He is telling China to stop printing money. He nails it directly on the head.

But then he tells Powell to do the same exact thing! Europe, Japan, China, Argentina, Venezuela, and the US. All printing money and hurting working class people.
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During the time of Obama (the most "progressive" president in American history), there was a wealth transfer of approximately $4 TRILLION dollars. Not Billions, not 10s of Billions. But 4 Trillion. It was the largest transfer of wealth in human history. You can argue about the causes all you want (bailouts of hedgefunds & banks). But the balance sheet of the Fed went from $880B to $4.5 Trillion. Like it or not, that is the timing. It happened under Obama. The "Obama Progressive Age" certainly sent certain assets on a historic run, but who was left holding the bag?

Trump also has seen markets explode because of his economic policies. Trump got there by doing the opposite of Obama. He got there while Powell (lol) tightened. Trump has reversed the Obama effect -- he has seen a trillion dollars of liquidity taken off the Fed balance sheet (I think it went from $4.5 to 3.6T). Further, I would argue that if Powell had not vacillated in such an extreme fashion (he created headwinds by raising rates too far too fast + he triggered additional quantitative easing) that the US econ would be doing even more right now. We would be at 3.5 GDP growth now instead of 2.5. But Trump's economic policies are so well thought through they overcame Powell (admitting some loose money being taken out was good) and have worked in an extraordinary form. And I would also say, under a different President, Powell's action would likely have actually caused that recession many predicted.

But the SP is now up something like 47% and DOW blew through projections as well. There has been trillions of dollars of new wealth created for shareholders and companies. Cheaper capital is is part of this story.

7 million new jobs have been created. But its not just that, and this is a real key, wages are finally rising again. Blue collar wages are rising faster than white collar wages. Black American wages are growing faster than the wage growth of whites. The Trump economic boom is not consumer driven, it is jobs driven. This is what Ive been wanting to see.

And check this out -- when Trump took over, we had millions of 'prime age workers' out of the workforce (I think this is ages 24-49) sitting at home. A generation of Lost Americans. Trump has gotten 1.8 Million of them back into the work force. It's an amazing stat on people Obama had just given up on, had conceded to welfare. And the wages of those workers are now growing faster than the wages of management.
 
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More examples --

Yearly earnings of US workers exceeded 3% growth for the 16th consecutive month. The best streak under Obama for this was 3 months

From the last NFP -- Blue-collar wage growth is exceeding white-collar wage growth
Non-college grads are outperforming those with degrees
The growth in black incomes has surpassed those of whites.
The Latino jobless rate has been under 5% for 20 straight months. Prior to Trump, there had only been one month ever of sub-5% Hispanic joblessness (2006).

Trump has an approval among small business owners at a new record high of 60%. These people are the jobs' drivers. In 2017, that same study showed only a +3% net approval/disapproval rating for the president. That figure among small business owners has exploded to +20% Trump. President Trump's approval rating among business owners hits all-time high: Survey

The UMich survey of consumer sentiment hit above 95.0 -- for 30th month out of the last 35. For context, the last time that study showed such a sustained level of elevated enthusiasm was during the tech boom of the late 1990s.
 
And check this out -- it's fun to look back at this stuff

This is Peter Navarro the morning after the election 2016 -- I think the AP called the race at ~2:30 am and here is Navarro on the air at CNBC about 3 hours later, trying to answer the question of what investors should do now that Trump had won

He says DOW 25,000 -- watch Joe Kernen's reaction ("38%! whoa", lol). But Navarro called it correctly. It's now close to 28,000 - was over it 3 days ago (for the record, I also wrote in here 'go long' and will go find it if anyone doubts)

 
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