That Trump-China trade deal? JPMorgan warns investors it's bullshit, no evidence of a deal
Source: RawStory
-- quote
A new note from investment bank JPMorgan advises traders to not buy into the hype that President Donald Trump has ended his own trade war with China.
As reported by CNBCs Carl Quintanilla, JPMorgan is telling investors that Trumps declaration this week that China will immediately drop all tariffs on American cars has no basis in reality.
It doesnt seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trumps tweets (which seem if not completely fabricated then grossly exaggerated) with reality, the note states.
-- end quote
Read more including the JPMorgan announcement at the link:
https://www.rawstory.com/2018/12/jpmorgan-warns-investors-trumps-tweets-purported-china-deal-appear-completely-fabricated/
Read more: https://www.rawstory.com/2018/12/jpmorgan-warns-investors-trumps-tweets-purported-china-deal-appear-completely-fabricated/
Iliyah
(25,111 posts)The only people who believe t-rump's bullshit is his supporters . . .
The rich is collecting all that they can get before the "bigly" fail.
Bengus81
(7,482 posts)In other words....TOTAL 100% LIES and BULLSHIT.
Achilleaze
(15,543 posts)republican lies are dangerous
republican lies are dangerous
republican lies are dangerous
republican lies are dangerous
republican lies are dangerous
republican lies are dangerous
republican lies are dangerous
republican lies are dangerous
The Liberal Lion
(1,414 posts)that one should believe exactly the opposite of anything trump says or (gulp) tweets.
pangaia
(24,324 posts)turbinetree
(25,420 posts)how great he is on making........................ deals...................while is criminal team gets there due today and this Friday 12/7/2028.................LOCK THEM UP....................
Hey, trumpian voting assholes, hows your automobile jobs going for you...............pretty soon at this rate not one sedan will be manufactured by the big three in this country.....................fucking amazing, but the foreign manufacturers will still build....................sedans......................
But don't worry JP Morgan Chase got there tax cut................................and the only thing they are worried about is there bottom line on lending and such....................to China......................
https://www.reuters.com/article/us-jpmorgan-china/jpmorgan-says-to-ramp-up-china-investment-banking-headcount-by-40-50-percent-idUSKBN1JN09W
Pluvious
(4,788 posts)His word is his bond.
Remember right before the mid terms...
EVERY MIDDLE CLASS FAMILY get a 10% tax reduction, right after the election is over !!
Oh...
Wait.
kimbutgar
(23,572 posts)In the real world the analyst is correct. China has the upper hand and knows that the orange maggot is in trouble domestically. They are just sitting back and watching him destroy himself.