They're all waving the white flag of surrender!
Winning!
https://www.marketwatch.com/story/ch...ods-2020-02-05
Go ahead and say it, China... Say "uncle".
Thank you, President Trump!
State news agency Xinhua said on Sunday that China's economy was resilient enough to counter the shock caused by the virus, and said remarks made by a U.S. federal official - whom it did not name - that the virus could bring jobs back to the United States were "self-centered, unprofessional and unethical".
U.S. Secretary of Commerce Wilbur Ross said last week that the virus could force companies to re-evaluate their supply chains, potentially returning some jobs to the United States.
"The remarks only served to taint the U.S. image as a major global player," Xinhua said in the commentary.
"An outbreak of a disease like this could not be the basis for multinational companies to make serious and long-term investment decisions in China...If the Chinese economy slows drastically, the U.S. economy will also suffer."
Of course, a number of economic indicators suggest that the economy is chugging along just fine.
In January, private payrolls posted the highest monthly gain since May 2015, and December housing starts soared to a 13-year high. The U.S. economy grew 2.1% in the fourth quarter of 2019, and 2.3% for the entire year. The U.S. and China signed a "phase one" trade deal in January after months of geopolitical tensions rocking the market. All of these factors suggest continued economic expansion ahead.
For copper, in which China counts for over half the global demand, the recovery could be faster, but the question is: Recovery to what?
The coronavirus isn’t the only bogeyman scaring commodities; the trade war has also taken its toll.
Even though copper prices were given a bit of a reprieve on Wednesday when investors responded positively to the Chinese central bank’s move to pump stimulus into the economy, it may not be enough to offset the damage.
They can laugh but the joke is on them for underestimating Trump. Originally Posted by friendly fredno one talked about nafta, china, the nato nations not paying and taking us for granted, unfair trade, until trump