stock market was up today...

#7,755
#7,755
VolStrom said:
There is nothing better than short term profits to make short term wealth. American companies have a 2 year vision, China has a 30+ year vision.
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Walmart and its patrons rely on "Low Prices Erry'day", we can live in a world of low prices and theft of IP or we can pay $500 for a Mr. Coffee.

It's becoming apparent that we can't have both. China isn't going to quit stealing and American's aren't going to work for 30¢ and hour.
 
#7,758
#7,758
3 to 1 trade imbalance, 4 to 1 excluding services.

Eff China. I hope that we permanently move away from them and our other trading partners thrive.

China's tariff on US crude is meaningless. Their refineries need high quality crude to combine with their less sweet sources. They aren't setup to handle just a mix of cruddy crude like what they can get from Venezuela and the ME. Demand for oil doesn't change. If China doesn't buy US, it simply shifts who buys from whom.

No pain, no gain. We need to keep the pressure on China.
 
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#7,759
#7,759
Septic said:
Walmart and its patrons rely on "Low Prices Erry'day", we can live in a world of low prices and theft of IP or we can pay $500 for a Mr. Coffee.

It's becoming apparent that we can't have both. China isn't going to quit stealing and American's aren't going to work for 30¢ and hour.
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I’ll pay higher prices. F*** the Chinese.
 
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#7,761
#7,761
evillawyer said:
Would anyone be surprised if Donny Jr and Eric entered into some nice shorts last night? I wouldn't.
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So you think that the SEC would ignore the Trump family trading using insider info? You think that billionaires would risk losing their freedom to do a little cheating? Interesting.
 
#7,762
#7,762
Thunder Good-Oil said:
So you think that the SEC would ignore the Trump family trading using insider info? You think that billionaires would risk losing their freedom to do a little cheating? Interesting.
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Nah. He just likes to whine about them from time to time to time to all the time. His therapist told him not to hold it in.
 
#7,763
#7,763
Septic said:
Walmart and its patrons rely on "Low Prices Erry'day", we can live in a world of low prices and theft of IP or we can pay $500 for a Mr. Coffee.

It's becoming apparent that we can't have both. China isn't going to quit stealing and American's aren't going to work for 30¢ and hour.
Click to expand...
Who says we have to buy our crap from China? There is cheap labor in Central America.
 
#7,767
#7,767
Thunder Good-Oil said:
So you think that the SEC would ignore the Trump family trading using insider info? You think that billionaires would risk losing their freedom to do a little cheating? Interesting.
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No, real billionaires wouldn't. But dumbass grifters with a few mill from Daddy sure as hell would.
 
#7,769
#7,769
The US can really twist the knife by only protecting shipping involving SK, Japan, Taiwan, and Vietnam, but not shipments to and from China.
 
#7,773
#7,773
utvolpj said:
I know what it is and that it had been amended a few times since passed. If you have an answer just post it
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Well Congress in not exempt so why should the Trump's be?

it explicitly stated that Members and congressional employees “are not exempt from the insider trading prohibitions arising under the securities laws…” (§4(a)). Additionally, it amended the Securities Exchange Act of 1934, to specify each Member or employee “owes a duty” when in receipt of “material, nonpublic information” obtained as a result of their public office (§4(b)(2)).
 
#7,774
#7,774
37L1 said:
Well Congress in not exempt so why should the Trump's be?

it explicitly stated that Members and congressional employees “are not exempt from the insider trading prohibitions arising under the securities laws…” (§4(a)). Additionally, it amended the Securities Exchange Act of 1934, to specify each Member or employee “owes a duty” when in receipt of “material, nonpublic information” obtained as a result of their public office (§4(b)(2)).
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Of course they are. Have you seen any get in trouble for it? Or do you really believe they've stopped
 
#7,775
#7,775
utvolpj said:
Of course they are. Have you seen any get in trouble for it? Or do you really believe they've stopped
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Well, since you put it that way and with the recent track record regarding prosecuting the rich and powerful, you just may have a good point. What was it again?
 
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