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Dow plunges more than 600 on worsening US-China trade brawl

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posted on Aug, 24 2019 @ 02:02 PM
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originally posted by: olaru12

Crop harvest rotting on the ground and farmers going bankrupt. That'll show those commies....


From your sources, many crops have been destroyed from damage (nothing to do with China).

Aditionally, insurance is present, both private and Federal since the late 1800's. Easy to get and damn near all farmers have policies. Over $100bl. in coverage through the US.

The soybean market, representing 50+ percent of agri exports to China (rest is nominal ranging 2-5 percent of all US agri products) was already known last year that China's silos are full, state subsidized for falsely supporting a demand for the soy product to use in the trade dispute. Anyone tracking futures already knew the outcome.

China's swine flu is an epidemic, full blown and buried by the Chinese through reporting (barely touched by your sources) well known long before this year. Almost all the total grain product exported to China was for feed, primarily pork....which anyone watching futures a year ago would know the demand would bottom without tariffs and China bought to capacity prior and stored last year.

Mg




posted on Aug, 24 2019 @ 02:41 PM
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originally posted by: MisterSpock






If nothing's changed, it's not progress.


I must have missed all the times past presidents walked across the DMZ at north koreas request.

Yes, NOTHING has changed, not even the littlest thing.

How did that help anyone other than kim though?



posted on Aug, 25 2019 @ 09:59 AM
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a reply to: links234

Um yeah, duh, did you think your 401k was going to go up during the trade war instead of going up after?
Has it grown or shrunk since November 2016?
edit on 25-8-2019 by funbobby because: (no reason given)



posted on Aug, 25 2019 @ 10:03 AM
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Looks like Trump fan boys are up early in full damage control mode!! Lol the sky might not be falling but it definitely looks like the Trump honeymoon is coming to an end. Sad



posted on Aug, 25 2019 @ 10:05 AM
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a reply to: missed_gear

He got the TDS real bad, I wouldn't waste your typing.



posted on Aug, 25 2019 @ 11:24 AM
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a reply to: olaru12

That's ridiculous, Chinese communism has been around for about 80 years. Government is not culture.

Jaden



posted on Aug, 25 2019 @ 11:26 AM
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a reply to: conspiracy nut

roflmao



posted on Aug, 26 2019 @ 02:16 PM
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DOW30 on track to be UP +200 today 😃



posted on Aug, 26 2019 @ 02:48 PM
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a reply to: xuenchen

Dow recovers always, but is not the economic indicator most believe as a benchmark percieved as understood.
Few look beyond a plus or minus...I watched as it broke 10, dropped mid year invested more...so today?

It's similar looking at a themometor daily believing one knows all about the world's climate, never looking beyond the dollar store thermometer..

mg



posted on Aug, 26 2019 @ 05:25 PM
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a reply to: missed_gear
Dow recovered some, it is down 5.47% from its recent highs.
I think this is going to be different from the May correction.


edit on 26-8-2019 by Slichter because: (no reason given)







 
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