'cookieChoices = {};'

Governments are instituted among Men,
deriving their just powers from the consent of the governed,
That whenever any Form of Government becomes destructive of these ends,
it is the Right of the People to alter or to abolish it,
and to institute new Government

Tuesday, January 10, 2017

Deutsche Bank Says, Economic Growth Estimated to Double in Two Years Due To Trump’s Policies

From the Free Beacon:
Gross domestic product could double in the next two years due to President-elect Donald Trump’s economic agenda, CNBC reported. 
According to a Deutsche Bank forecast, Trump’s policies could “trigger a new age in U.S. economic growth that could serve as a global template.” 
Trump’s policies are projected to increase GDP to 2.4 percent in 2017 and to 3.6 percent in 2018, which is more than double than the average growth of 1.6 percent seen during Obama Administration.

Alibaba Talking To Trump To Create 1 MILLION New US Jobs!

I don't buy this, and I don't think it would be a good thing for Trump to encourage Alibaba, or any kind of alliance with Chinese business.

First off, I read Ma's comments and it sounds to me as if he plans to make Alibaba's American business a kind of Ebay for Farmer's. Where Ebay is a garage sale for the world, it seems he wants to make Alibaba a Farmer's Market for America:
Ma said that Alibaba's expansion would focus on products like garments, wine and fruits, with a special focus on trade between the American midwest and southeast Asia. "We're focused on small business," Ma told reporters. 
"We specifically talked about ... supporting 1 million small businesses, especially in the Midwest of America. Small businesses on the platform selling products — agriculture products and America services — to China and Asia, because we're pretty big in Asia." 
Where those jobs would come from is unclear. While an Alibaba spokesperson told CNBC before the meeting that the Chinese online retail giant company would create 1 million jobs over five years, Ma's comments focused on supporting small businesses. 
"Alibaba will create 1 million U.S. jobs by enabling 1 million American small businesses and farmers to sell American goods to China and Asian consumers on the Alibaba platform," the company said in a statement.
Fuck that. America is not going to become China's field tillers. And, if they want us to sell them food, they can negotiate contracts with our Food suppliers, not garage sale us, and haggle us right out of business.

The fact that Trump is even entertaining this is highly disappointing to me.

Chinese businesses are known for three things:

1) inferior products

2) being propped up by infusions of government cash

3) falsely reporting earnings

The Chinese economy is a Potemkin village.

This move by Trump seriously worries me.
Bookmark and Share
posted by Pastorius at permanent link#


Anonymous Anonymous said...

Russell Peters Chinese Bargaining . . .2:57 length (humor)

Tuesday, January 10, 2017 12:05:00 pm  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Older Posts Newer Posts