Treasury Secretary Steven Mnuchin Panel Discussion – Davos World Economic Forum….

The entire economic world is unilaterally focused on President Trump and the U.S. delegation in Davos, Switzerland at the World Economic Forum. CTH has stated for several years that MAGAnomics, the U.S. economic outlook, would be the primary generational change evident from a successful election of Donald Trump. What’s happening at Davos is simply visible confirmation therein.

Boil all international and geopolitical issues down to their common denominator and everything, E.V.E.R.Y.T.H.I.N.G., every issue, every discussion, every person, every policy, every position, everything -all of it- circles around economics. Nothing matters except the underlying economics of every single issue. Power or weakness, famine or war, peace or conflict, master or servant, culture or crisis, growth or collapse, the entirety of everything -including the foundation of freedom- centers around the economics.

There are trillions at stake.

Yesterday we saw U.S. Commerce Secretary Wilbur Ross commanding around 80% of panelist discussion, and factually 100% of all questions and attention from the Davos audience. Every single question was for Wilburine.  Team U.S.A. is the epicenter of the economic universe and Secretary Ross was well prepared for the severity of attention.

Today, the same theme continues as Treasury Secretary Steven Mnuchin engages with a similar panel discussion.

The question about the “strong or weak dollar”, and Secretary Mnuchin’s response therein, is directly because President Trump and Steven Mnuchin understand that dollar valuations can be used in leveraging successful geopolitical outcomes.

If the dollar is strategically lowered by policy, the U.S. can suck money directly out of China (or any large economic multinational) because their vaults hold dollars as an outcome of trade surpluses with the U.S.  The globalists are scared shitless that POTUS Trump and Secretary Mnuchin will start crushing their global goals by utilizing this inherent trade leverage.

There is a potential for POTUS Trump and Secretary Mnuchin to weaponize the U.S. reserve currency if they don’t get the deals they want.  That looming threat exists and is an existential threat to the entire construct and worldview of ideological globalists.

The globalists, multinational corporations and banks, and those who gain by exporting U.S. economic wealth, always want a high dollar valuation.  They spend billions on lobbying efforts because they are used to controlling U.S. policy by influencing DC politicians; and using Wall Street finance constructs to purchase influence on U.S. monetary policy.

When the panel begins discussing “interest rates” (the cost of borrowing), at exactly the 24:37 moment I personally enjoyed lighting a cigar because CTH has been discussing the disconnect between Main Street (GDP growth, wages, etc.) and Wall Street monetary policy, via interest rates, for years.

The panel ‘smart set‘ still are struggling to understand how rising interest rates in the U.S. will do nothing to curb economic growth – because they are entirely stuck in an economic outlook framed from the past 30 years of Wall Street influence.

Interest rates can rise to 4%, perhaps higher, and there will be no negative outcome visible on Main Street; because simultaneous to this monetary rate increase the GDP growth rate is going to match it, or exceed it, point-for-point.

MAGAnomics is centered around inherent investment being determined by where investors will get the best return.  President Trump has made that place RIGHT HERE.

The U.S. Main Street economic engine, which was dormant and unattended for decades, is now alive and traveling faster than fiscal policy.  There is an inherent lag that will take a few years before the MAGA system balances again.  In this interim period, exactly as the panelist is stating, wage inflation will be driving up average wealth creation inside the U.S.

This is the exact reverse dynamic of the prior 20 years where average middle class wealth was dropping.  This is MAGAnomics baby, and the elites don’t understand it….

Like I keep saying, throw dem ju-ju bones out the window, squeeze the kids up tight, enjoy yourselves and hang on !!

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104 Responses to Treasury Secretary Steven Mnuchin Panel Discussion – Davos World Economic Forum….

  1. TheWanderingStar says:

    Do you get the feeling that Secretary Mnuchin and Secretary Ross are really, really enjoying themselves? They both appear so relaxed and their thoughts, answers and discussion is wonderfully free flowing. I really appreciate these two leaders and Ambassador Lighthizer as well.

    Liked by 36 people

    • wheatietoo says:

      I think they are enjoying themselves…they are making History.

      They’re not doing this for the money.
      They are doing this out of love for our country; they are working to save it.

      Not many people have the experience and intelligence to do what they are doing.
      Mnuchin and Ross make it look easy.
      But it’s not easy, it is hard work.

      We are blessed to have such men working for us…and I am very grateful for their service.

      And thank you, Sundance, for the work you’re doing to highlight and illustrate these historical events.

      Liked by 37 people

      • starfcker says:

        That French guy with the white hair sitting next to Secretary Mnuchin doesn’t sound happy with MAGA. Sorry, dude, the train doesn’t care what you think.

        Liked by 10 people

        • Some Old Guy says:

          Lol, that wasn’t a dude. THat was IMF bigwig, Christine LaGarde.

          Liked by 10 people

        • tim says:

          That French guy is actually a woman and is the head of the IMF. She is directly responsible for the impoverishment of Greece and Spain. Thru the austerity forced on them. But poverty in greece and spain is good for foreign multinationals who want to invest/steal in state monopoly’s like various forms of infrastructure.

          Liked by 4 people

          • Deb says:

            She’s upset that the globalist plan to impoverish the United States has hit an ice berg named Trump.

            Liked by 6 people

          • whirlwinder says:

            You mean like Corzine at MF Global bought Greek and Spanish bonds paying 8% interest, and could turn around and borrow money from the Fed at 0% using the bonds as collateral, and buy more distressed bonds at high interest rates. Until somebody called the bonds and he was a little short on money and used his customers investments to pay the bonds off. Out the window goes the fiduciary responsibility to not use customer funds to pay off debt and the a$$hole did not even go to jail. This means than your investments are not safe from being used by your fund manager to pay off bills.

            Liked by 2 people

        • Sunshine says:

          And what to say about Fink? The Europeans are not too happy, although British Hammond seems the most positive. Mnuchin, great performance, he really doesn’t care about the others.

          Like

        • Sunshine says:

          A lot of stuff she isn’t saying.
          Yes, the GDP has grown in Western Europe because of all the millions of Africans and Mid-Easterners they took in as ‘refugees’.
          Central Europe is also doing well because of the White Flight from Western Europe and the Visegrad.
          The conversation is restricted to the GDP and is not taking into account all the factors that affect a country’s financial situation.

          Like

      • piper567 says:

        Not to take a Single Thing away from Mnuchin or Wilbur, for I am in complete agreement with both wheatie and WanderingStar, ^^^, but I think we are still in a bit of shock at the quality of Trump’s “killers”, after so many decades of, as Trumps so aptly called them, “political hacks”.
        These men are light years ahead of Everyone with whom they sit and talk.
        Its quite impressive.
        And SO educational.
        If someone would have asked me several yrs ago if I wanted to listen to the Secretary of the Treasury speak on a panel, I may have said I have a Dental appt.
        Now, I can barely wait to hear what he and Wilburine have to say.
        What a difference a yr makes.

        Liked by 28 people

        • wheatietoo says:

          Yes…and the difference is, we’ve got guys who are actually fighting for us, instead of against us.

          Liked by 13 people

          • I agree wheatietoo.

            And as sundance says it is fun “scaring the shit out of the globalists”.

            Liked by 9 people

            • PreparedPatriot says:

              The scaring part is fun, yes, but the *best* part is the ‘*beating* the sh!t out of them’ that we are now blessed to be able to witness the beginning stages thereof. And the fat lady won’t sing until they are completely empty, former sacks-full of merde.

              Liked by 5 people

              • I agree with the comments above about scaring the globalists, but do you know what the stick is that our guys, especially Secy Mnuchin, are using? The free market. Or as they say in the world of currency, free floating currency. They HATE that. THEY are supposed to control currency valuations.

                If you leave it up to the free market, as Secy Mnuchin says several times “very comfortably,” that means these people don’t have the power they think, or hope, they have.
                There are NO free markets in the world of socialism. In socialism, all control is vested in bureaucrats – the people who attended elite schools and moved directly into the controlling positions in government.

                Funny story – during the debates in Switzerland over whether to vote to join the EU, some opponents (who won twice) argued that the pro-EU side just wanted another layer of bureaucracy existing Swiss bureaucrats wanted to “rise” to. A good laugh was had by all.

                Liked by 2 people

              • You are so right PreparedPatriot!

                Liked by 1 person

          • Gary Schroeder says:

            from Trump emanates – G O L D
            that is lightning/litening the whole world
            ? – who will step up to write an OPERA 2024 season

            Liked by 2 people

          • Jedi9 says:

            What I find irritating is the interviewer trying to bait Mnuchin into giving an answer that purposely was designed to rile the markets. I think he went on about trying to ask the same question about a wanting a weaker dollar. These people are paid to do such things, as there are many behind the scenes hoping to hedge their bets.

            Anyway, there is plenty of opportunity to buy US dollar in the coming weeks as there are favorable set ups regarding currency pairs if one is into trading currencies.

            Liked by 3 people

        • brh82 says:

          And how lucky are we that Sundance has the chops to explain it all to us!!!! WoW! I am soooo impressed, and soooo proud to be on the right side, and soooo humbled. ” I din no nuffin” when i came to the Treehouse!

          Liked by 7 people

        • Sylvia Avery says:

          “If someone would have asked me several yrs ago if I wanted to listen to the Secretary of the Treasury speak on a panel, I may have said I have a Dental appt.
          Now, I can barely wait to hear what he and Wilburine have to say.”

          Oh my gosh SO TRUE! I would have never dreamed I’d find this stuff riveting.

          Liked by 8 people

      • MM says:

        It’s been a great day watching Steve Mnuchin, Wilbur Ross and PDJT Shine at Davos..
        We have truly been blessed…

        Liked by 7 people

      • Sylvia Avery says:

        Beautifully said, Wheatie. I totally agree.

        Liked by 2 people

  2. johnparham1 says:

    Hot damn! Hot diggedy damn!

    Liked by 11 people

  3. Bitcoin & Stock Market Timing says:

    Praying for you Mr President. Thank you for doing such amazing things and keeping your word, praying with Christians, saluting our flag, honoring our military, giving hope to my children, may Christ Jesus bless you as you negotiate for our future.

    Praying daily for your success and protection of you and all of your agenda as it aligns with Gods Holy will for the USA.

    In Christ Jesus’ Name Alone
    1st John 4:10

    Liked by 33 people

  4. wheatietoo says:

    Rising interest rates will actually stimulate economic growth.

    Lenders will be more inclined to make loans, if they are making a little more.
    People will make more off of their savings accounts, too.

    Having such low interest rates has had a Stagnating Effect on our economy.
    It’s time to turn that around.

    Liked by 24 people

    • fred5678 says:

      BINGO! They don’t teach the time value of money in high school, and apparently, in most colleges, so the average voter is ignorant of it.

      Start your Roth ASAP, kiddies!!

      Liked by 16 people

      • The Devilbat says:

        Sadly the average voter only reads the sports page of their newspaper, watches sports, talent and reality shows on their TV and plays idiotic games on their computer.

        Different means have to be used to get such peoples attention. Such means might include the televising of multiple arrests of the swamp villains.

        I am guessing here and I may well be wrong, but the perfect timing to arrest the bad guys and girls has yet to arrive. The general public loses all interest in news events after about a week and the arrests have to be perfectly timed so as to impact the upcoming elections.

        There may well be some lower level arrests in the near future. We just saw a Uranium One figure indicted. The big fish however will likely be fried starting about the end of September. Thats when we will need to have our popcorn. hotdogs and beer ready.

        Liked by 1 person

      • My parents taught us about money and finance when we were kids.

        We made “loans” to each other giving baseball mitts, board games and comic books as collateral and small change a “down payments”.

        We charged a little bit of interest and kept our own set of “books”.

        Once in a while we had to bail each other out of a difficult loan.

        What can you do it is family.

        Liked by 11 people

    • JoAnn Leichliter says:

      Rising interest rates will rescue what is left of seniors’ investment income. The stock market has been artificially supported during all these years of tanked interest rates, because there was no alternative, safer investment. Now the market can stand on its own.

      Liked by 1 person

  5. wheatietoo says:

    Derp

    Liked by 1 person

  6. All Too Much says:

    I used to think I knew enough to understand how some things worked in government, politics, economic, and such until I began reading CTH. I’m now understanding things as near before, thanks in very large part via Sundance

    Can you earn a Masters degree in Sundance Studies?

    Liked by 13 people

    • brh82 says:

      Just for Starters, where did Sundance get the order in which each of the majors(Goodblatt, etc.) would speak? He’s so incredibly prescient, I’ll bet he even knows which big guys will end up in jail.

      Liked by 2 people

  7. Wend says:

    Go (re)read The Art of the Deal.

    Liked by 4 people

  8. Ksenia says:

    I can only imagine what’s going on through Christine Lagarde’s mind when Mr. Mnuchin talks about American worker.

    Liked by 2 people

  9. Wend says:

    Oops, sorry, that was intended for the individual fussing about the “amnesty proposal”.

    Like

  10. Deborah @UnTamedInSD says:

    Hmmmmmm this reply was to the one bent over about the immigration proposal…

    Liked by 1 person

  11. fred5678 says:

    Durbin, Schumer, and Pelosi should be applauding, not complaining — didn’t they get what they said they wanted a few months ago and more? And to then now object to also ENFORCING OUR LAWS just exposes them as complete frauds.

    Don’t waste time compromising with Democrats — they keep moving the goalpost.

    Liked by 5 people

    • Deborah @UnTamedInSD says:

      PDJT is suckering them out into the open – they are exposing themselves, not to us. but to the hispanics / DACA “kids”…. end game is the ruination of the democratic party.

      Liked by 2 people

  12. kltk1 says:

    Curious what’s going to happen to the real estate market with rising interest rates. Housing prices are beginning to rise and I’m wondering if, or when, rising interest rates and housing prices will balance each other out. Housing costs have risen incredibly fast in the last 30 years while interest rates have come down dramatically, making many homes affordable to a lot of people. If interest rates go up, and housing prices continue to go up, at what point do homes become unaffordable and the real estate market cools off? Unless wages rise at the same, or similar rates of interest and housing costs then it’s a non-issue. Unless I’m way off the mark on that.

    Like

    • GB Bari says:

      Mortgage rates have been unrealistically low for a long time. They have allowed home prices to become unrealistically high. As interest rates rise, home price inflation will abate. The market always finds its balance. As buyers find their present value affordability decreasing with rising interest, then home prices will adjust, since sellers need to move their homes.

      Liked by 6 people

    • wheatietoo says:

      Real estate markets are mostly affected by local conditions.

      Availability of Jobs is a huge factor.
      Where there is job growth…there is growing demand for housing.
      Taxation, Crime Rate, Schools and Medical facilities, are also factors in determining the real estate market.
      These are all local.

      In ‘resort areas’ the proximity to the local attractions is a big determining factor in the real estate prices.
      Again, a local factor.

      As interest rates go up, it should actually help real estate prices, because Lenders will be more eager to make loans.

      But if there are local conditions that are driving prices down, then that could cause Lenders to be less likely to make ‘high percentage of asking price’ loans.
      They don’t want to get stuck with repossessions that are worth less than loan amount.

      Liked by 2 people

  13. Alison says:

    It is mind-numbing to watch the expertise of these Very Stable Economic Geniuses juxtaposed against the unfolding incompetency and corruption of the FBI Strzok-Page soap opera and lefty hysteria about #ReleaseTheMemo.

    The #Darkness of the past gives way to the #MAGA of our current/future.

    And you, Sundance, enjoy that stogie. You earned it 💥

    Liked by 10 people

  14. All Too Much says:

    This will not fly in most of the country.
    I’m not sure what his threat is, but if its triggered, and it hurts, and its because of the DACAnians, the democrats will loss a whole lot of voters in key states. So go ahead, Mr. Durbin. I dare ya.

    Liked by 2 people

  15. All Too Much says:

    Alison

    “It is mind-numbing to watch the expertise of these Very Stable Economic Geniuses juxtaposed against the unfolding incompetency and corruption of the FBI Strzok-Page soap opera and lefty hysteria about #ReleaseTheMemo.”

    Perfect.

    Liked by 3 people

  16. NJF says:

    So very proud of our guys!!!
    #MAGA

    Liked by 5 people

  17. 4beagles says:

    It’s a RACIST proposal, so I hear on the Libtard sites and Tv…White Supremacist kidnapping of the DACA Dreamers…lol… Dems HATE this because it puts them on the spot. Well played by PDJT!

    Liked by 2 people

  18. When I see these types of global leadership meetings I can’t help but be reminded of these beautiful words:

    “The only thing that can stop this corrupt machine is you. The only force strong enough to save our country is us. The only people brave enough to vote out this corrupt establishment is you the American people.” ~ President Trump

    …and it’s happening right before our eyes… Enjoy it! #MoreWinning 😀

    Liked by 9 people

  19. Gil says:

    Very high home prices exist in CA, after the first bubble crash a few years ago we are in another. Heavy competition, selling over asking, etc. The theme is not enough homes to sell as well as an unavailability of rentals, apartments and homes, except I see both all the time. 30 year fixed mortgages are about 4%, average sold home prices here are $418k. The average in CA is $524k. Totally out of control and who can pay that without tricky financing?
    Can we expect MAGA to make any impact in CA real estate?

    Liked by 1 person

    • Sporty says:

      There is going to be a huge correction in housing prices soon.

      Liked by 3 people

      • GB Bari says:

        Agree. As interest rates rise, prices will have to moderate or inventories will sit stagnant. Anyone in RE knows that 30 days on the market is a magic line. Go Longer and price must drop. At 60 days buyers are suspicious and wary of problems. The key to maintaining a healthy market will be expanding the pool of qualified buyers via wage increases and more quality employment.

        Liked by 3 people

    • wheatietoo says:

      The California real estate market makes no sense to me.
      I can’t help but wonder if there has been some money-laundering going on, that has artificially inflated the prices there.

      Liked by 1 person

      • brh82 says:

        An ordinary 3 bedroom 2 bath house here (CA) went on the market and had 17 bids by the 4th day on the market and sold on the 6th day for $147K OVER the asking price, for cash. Bidding wars are insane, driven by cash purchasers from the Middle East.

        Liked by 2 people

      • ibobland08 says:

        How doesn’t it make sense? California is heavily populated in a tiny area (the coast). That’s going to mean high housing prices.

        Like

    • CirclingTheDrain says:

      Yes. When the illegals are pushed out, RE in CA will crash.

      Like

    • JoAnn Leichliter says:

      It will be difficult for national policies to affect areas in which restrictions on new construction and rents distort the market. In those places, it is up to local residents to figure out what the problem is and take corrective action.

      Like

  20. Matthew LeBlanc says:

    Makes sense now why very fake news lobbed attacks on Ross recently.

    Liked by 1 person

  21. Ari says:

    Meanwhile, over at PowerLine (#NeverTrumpers) they just agreed that Obama and Clinton ‘were “more free-enterprise leader[s] than President Trump is or is likely to be.’

    Sigh. I guess the old phrase ‘You can’t teach on old dog new tricks’ is proven again. In this case the dogs refer to fat, old, GOP pundits.

    Like

    • piper567 says:

      wonder what the average readership of that rag might be…
      Trump has 47M people following him and waiting for his next tweet…
      could someone post the weekly ratings of the alphabet station “news” programs?

      Liked by 1 person

    • ibobland08 says:

      These people always misinterpret Trump’s trade rhetoric (though they may be doing it on purpose). As Mnuchin said, Trump isn’t hoping for less trade. His trade policies are all about trying to get the US to export more.

      Like

  22. ForGodandCountry says:

    If only it were so simple. I think Bill Gross said it best earlier this year in this post…

    ————————————————————————–
    https://en-us.janushenderson.com/advisor/show-me-the-money/

    “Our highly levered financial system is like a truckload of nitro glycerin on a bumpy road. One (small) mistake can set off a global credit implosion where holders of stocks, high yield bonds, and yes, subprime mortgages all rush to the bank to claim its one and only dollar in the vault. It happened in 2008, and central banks were in a position to drastically lower yields and buy trillions of dollars via Quantitative Easing (QE) to prevent a run on the system. Today, central bank flexibility is not what it was back then. Yields globally are near zero and in many cases, negative. Continuing QE programs by central banks are approaching limits as they buy up more and more existing debt, threatening repo markets and the day to day functioning of financial commerce.

    I’m with Will Rogers. Don’t be allured by the Trump mirage of 3-4% growth and the magical benefits of tax cuts and deregulation. The U.S. and indeed the global economy is walking a fine line due to increasing leverage and the potential for too high (or too low) interest rates to wreak havoc on an increasingly stressed financial system. Be more concerned about the return OF your money than the return ON your money in 2017 and beyond.”
    —————————————————————————-

    Put another way…..Be humble, or be humbled.

    Like

    • coldwarrior says:

      the first time the wool was lifted from my eyes was day one in (MS Econ) Macroeconomics and Central Banking. Central banking is war by other means. we will be first to raise interest rates because of growth, raising interest rates attracts money from markets where the interest rate is zero or negative.

      we have some very bright patriots running the show now. but yes, ‘be humble or be humbled’ is sage advice.

      Like

    • JoAnn Leichliter says:

      Let me try to interpret: Quick, everybody (especially you U.S. people), do nothing! The powers that be like things as they are.

      Like

  23. coldwarrior says:

    i too had a nice cigar on the deck whilst watching the video. It was a marvelous H Upmann “The Banker” . ironic? well maybe….MAGA!

    Like

  24. AZ18 says:

    Need a little help here please. I have learned more about economics than I every did in a class. However, I’m still at the very remedial stage. Can anyone explain’s Professor Jin (comments around 12:00 on video) was implying regarding reciprocal trade and the domestic pressure their leaders will have to face.

    Any insight would be appreciated!

    Like

    • coldwarrior says:

      well, i am making an assumption…here goes, china has several real growth problems, debt being one and moving into higher value products is another and unemployment in china will mean massive social unrest, there is also pressure for higher wages among the new industrial workers.

      china is a command economy, therefore it is mostly looking backward and taking rear guard action to protect employment and racking up debt on make-work projects. there hasn’t been an original idea in china since gunpowder. they are incapable of innovation and original thought. they have to steal every technology that they have and then sell it back to the victims by cheating and dumping. if someone calls their bluff, the game ends badly for them.

      prof jin realizes that if the US actually applies the law and agreements then china is in huge trouble. and by huge trouble i mean unemployment in the new, and highly populated urban centers.by moving to higher value goods, wages can go up. and there is certainly huge wage pressure in china as this new manufacturing class breaks out of being peasants on the farm.

      it would be different if they could come up with an original product that the world wants. they cant. they are now caught in the cycle that they created, trump called their bluff.

      Liked by 5 people

      • ForGodandCountry says:

        Don’t forget….their trouble is our trouble. They well know you are right, which is why they are the world’s largest holders of US debt. We have to walk a fine line, because they can always start dumping our bonds on the market. It’s a double-edged sword.

        Liked by 1 person

        • CirclingTheDrain says:

          Who cares ? They only have a bit over 1T of our bonds. Trump MAGA policies just created an additional 7T of stock market value. Who’s the bitch now ?

          China can’t just dump the bonds. Their currency is fixed to the US $ and if they hurt US, they also hurt themselves.

          China has screwed themselves every way from Sunday, all because their economy is built on make-work, intellectual theft, massive debt, rehypothecated assets underlying all that debt so their so-called securecd debt actually isn’t, and ultra cheap labor/serfs. It’s unsustainable, but in the short term, if China makes a big move to attempt to hurt US bonds, they shoot theor own feet off as well. They know it; everything they do is a smokescreen for those facts.

          Liked by 1 person

      • ForGodandCountry says:

        Translation of what I think CW is trying to say above):

        China decided to let the capitalist cat out of the bag internally in order to become the Asian power (once Japan). They’ve been very successful doing it, so far. Today, China needs to keep it’s people employed or risk social unrest (very bad for a communist country), especially since their economic success (at the cost of ours, among others) has rapidly increased the avg. chinese standard of living over the past several decades (meaning they have become accustomed to this).Their “middle class” has exploded as a result of all this. As here in the USA, now anything that threatens this threatens the control the Chi-coms have over the gov’t.

        In order to achieve all this success, China has been “dumping” it’s products on the US, which we have greedily gobbled up because it’s “cheap” (vs. buying USA). Why? Because their labor costs are far lower than ours. Additionally, they have not allowed their currency to move freely on the market (read: they have kept the value of the yuan artificially low), thus making their cheap products (labor costs) even more competitive globally than they would be otherwise.

        POTUS is signaling that he is no longer going to allow the Chinese to dump their products in US markets, and he is likely to demand they stop devaluing their currency. Naturally, this really scares the Chi-com gov’t, because this could well lead to domestic unrest in the country (layoffs, production cuts, etc). There is so much more, but hopefully this helps.

        Liked by 2 people

        • ForGodandCountry says:

          Btw….this has much to do with Secretary Mnuchin’s comments on trade tariffs. Tariffs are used to “balance” trade…meaning we can charge the Chinese a fee on the products they send to the US and vice versa. Mnuchin made the point in an earlier forum that the USA has the lowest trade tariffs of any nation in the world (a carryover from a trade stance created following the end of WWII). He was signaling that this was unfair to America…that the conditions post-WWII no longer apply today, and so the post-war policies that are still in effects today are no longer warranted. Translations: we aren’t going to be so generous to the rest of the world as we have been.

          Liked by 3 people

          • AZ18 says:

            For God and Country- think I understand. I usually have to figure things out with an analogy… It’s similar to a parent preparing a child for adulthood. At some point the parent says we invested all we can, now it’s time for you to pay your own way (bills, career etc.) so we (parents) can start saving for retirement.

            Appreciate you helping me!

            Liked by 1 person

        • coldwarrior says:

          what he said.

          🙂

          Liked by 1 person

      • ” china is a command economy,…” This explains it all – China’s leaders have no clue why our free market system works. They think, or assume, that all they have to do is steal our stuff and ideas and they will win. Many govt leaders and media idiots who do not understand why we succeed and they don’t, are constantly being surprised, but they just don’t seem to be getting it.

        Actually, all too many Americans don’t understand it either. I spent a couple of hours explaining the simplest level of prices, supply and demand, to my very liberal sister. She never got it. Thought I was cruel and heartless. I was explaining “the way it is,” while she was mentally figuring out how government “could command change and ignore reality. Not gonna happen.

        I told her that as I was an overweight woman, I was going to lobby Congress and the President to repeal The Law of Gravity. She gave up after that.

        Like

    • wheatietoo says:

      You have to remember that she’s a mouthpiece for the ChiComs.

      Their ‘domestic pressure’ is not our concern.
      Of course they would like to make it our concern…but we have our own domestic pressures to deal with, namely Job Creation in our own country.

      If China has to start raising wages in their country, it would not be a bad thing for us.
      Their products would cost more and this would help us in competing with them.

      Liked by 2 people

  25. South Col says:

    I’ll never forgive PDJT the DACA fold. The President thinks 3rd world immigration doesn’t really matter it seems… tho this is a “no way back tipping point” for a permanent Democrat majority.
    Doesn’t seem to concern Donald.

    Screw Davos, screw tax reform, screw Obycare repeal….unless the legal Democrat voting invasion ceases reform means nothing because the left will have permanent control via it’s brand new immigrant demographic.

    The only thing that matters is sovereignty.
    I don’t think it was ever intended as a win for classic America.

    Like

    • AZ18 says:

      FYI- wrong thread South

      Like

    • Sylvia Avery says:

      I’m not sure anyone could care about DACA more passionately than me. I honestly hated what I heard today was the White House position.

      But I STILL trust PDJT because I’ve been through this countless times already. He’ll make a statement that seemly caves on an issue that I feel strongly about and then somehow everything ends up just exactly the way he said it would in the first place. I don’t know how he does it. He is like a magician.

      I don’t know what will happen with regards to DACA. And neither do you. It is too soon to say PDJT “folded” on DACA, that I can tell you. Just wait and see.

      Liked by 3 people

      • South Col says:

        Unless PDJT is lying overtly for excellent political reasons (good)…. the neo marxists know he just conceded on DACA.

        If that happens I prefer traitors I know in the Democrat Party as much more reliable, then I know I won’t be betrayed and who to fight.

        Like

      • Sylvia Avery says:

        Ad rem or Sundance, if you see this please remove my post. I realize I was engaging in an off topic discussion and I have no wish to be disrespectful of house rules. Thanks!

        Liked by 1 person

    • JoAnn Leichliter says:

      Read the whole proposal, South. You will feel.a lot better. If you don’t, then check yourself in under the bridge.

      Liked by 1 person

  26. yakmaster2 says:

    I listened carefully to each panelist to try and glean the subtext of what he/she was saying and his/her attitude toward our country.The gloom and doom CNBC moderator was clearly trying to make the US at fault for any economic problems that may arise in the FUTURE because he hates Trump’s policies.

    I was pleasantly surprised that the IMF spokeswoman appeared to be neutral on current US trade policies.
    The Chinese representative did NOT make a compelling argument against fair trade.
    The UK guy was eloquent defending Brexit and the economic future of the UK against the moderator’s snark. (So glad to hear Brexit is moving ahead!)
    The big investment banker who went into a long monologue about why he wrote a letter to US Corporate heads is such a self-important virtue-signaling money-grubbing blowhard that I tried to fast forward past him. Who’s he to tell companies what their responsibilities are?!
    Lastly, but foremost (yeah I know that’s contradictory phrasing), our Mnuchin outwonked the wonkers. He makes smart nerdiness look super cool!!

    Liked by 4 people

  27. daughnworks247 says:

    Econ is my baby and always has been since I was a little girl. Watching our team in Davos is like the very best of Christmas mornings. I’m so happy I could cry.

    Liked by 2 people

  28. Arkindole says:

    It funny to snoop on the traders now. They’ve been used to momentum plays since Obama’s 2009 vortex from hell, and right now they are getting whipsawed around their heads and nuts. Going into the week they loaded up on oil and gold, and Treasury Boss pulled the carpet right out from under them. Before that it was cryptocurrencies. All along it’s been the sawtooth Chinese burritos.

    The comment sections in trader blogs are mainly filled with a litany of complaints about “Fundamentals”. Meanwhile, those that loaded up on index ETFs are eating 3 inch steaks and drinking $500 wine.

    #MAGA works in mysterious ways.
    The herd is being culled everywhere we look.

    Liked by 1 person

  29. repsort says:

    You can tell they think it’s ALL their money..
    Mnuchin aside.
    They choke on the words “higher wages” and “lower taxes”.
    They think they are the smartest people in the world.. That they know exactly when to pull the right levers or put their finger on the scale here or there to get the “economy” to what they want. They think they are whack-a-mole experts. These glabalis/bankster types cause a lot of pain and misery.

    Liked by 1 person

  30. Fe -- y Esperanza says:

    They are the smartest people in the world. They are the Creme de le Establishment, London School of Ergo-I-Am-ics, IMF, God-Is-Superstition Credentialati. They are the Sinecured. They are the System, the Voices That Like the Sound of Their Own Voices (and the cash register sound that follows them around) and make no mistake, with the possible exception of Ms. Jin, they were bred for this.

    And then Trump shows up. They think Trump is a rube. They can’t get past appearances.

    Look how many times at the opening, Mnuchin had to give the same answer to the moderator. The guy asked the same question three times and and then answered his own question three times because he didn’t like or hear the answer Mnuchin gave and wanted Mnuchin to give the answer he already had written. Remind you of anyone? Kathy Newman interviewing Jordan Peterson on BBC Four?

    The Europeans know how to dress and how to sit. You can bet they know how to hold a fork. Anyone have a favorite pair of shoes on this panel? Normally for me it would be Ms. Jin’s, by default. Not this time.

    No, My guy is the guy who doesn’t know how to sit and who showed up to this thing wearing a suit and tie and a pair of hiking boots. Mnuchin did that for a reason and I don’t think it’s eccentricity, do you?

    Ms. Jin, expert on global macroeconomics and China’s economy, thinks that America First is a hard sell in Davos. What she doesn’t get is that maybe Trump didn’t come to sell anything.

    I think he just wanted to crash their party.

    Liked by 3 people

  31. C R Lord says:

    I think that young girl from China was out of her league. I got a sense that she thought she knew more than she actually did at times, and she seemed a little haughty about it. Thankfully she was not given much time to say anything. The moderator didn’t pay a lot of attention to her. China should have sent someone more seasoned to deal with the greater minds and experience she faced.

    Liked by 1 person

  32. No matter what, MR PRESIDENT IS AN AGENT OF CHANGE…I LOVE HIM

    Liked by 1 person

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