China and The US – They Both Need Each Other To Keep From Imploding

April 4, 2018

The concept of trade wars between China and the US has dominated the headlines recently. However a lot of the commentary is very short sighted and does not look at the bigger picture for both countries especially China. Chris Temple joins me today to outline how the countries got into this situation and why they need each other more than ever to keep the ball rolling for their respective economies.

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Click here to visit Chris’s site. Be sure to check back throughout the day to read his special posting on this topic. It should be up this afternoon.

    Apr 04, 2018 04:26 AM

    I’m a little surprised at the ignorance in reporting.

    Trump has NOT yet imposed any tariffs.
    The US is slow in implementation. Trump has suggested tariffs, but the actual implementation procedure is slow. 10 days for publication, 60 days for actual development of rules 14 days for new publication and lobbying, etc. No tariffs before Q3 actually implemented.

      Apr 04, 2018 04:57 AM

      Read the commentary that will soon be on my web site — and then rethink your impulsive comment

        Apr 04, 2018 04:20 AM

        OK, Mr. Teple, but I still currently think Trump’s moves as mostly negotiational so far.

        I really don’t know who to believe sometimes. The news this morning is all about Trump not allowed to use military for border protwction, because of Posse Commitatus.

        With no mention of Obama’s repeals of Posse Commitatus via Executive order 13528 or the National Defense Authorization Act of 2012.

    Apr 04, 2018 04:31 AM

    The US has a bigger problem. The change from LIBOR to SOFR for all loans.

    About 320 Trillion in loans, mortgages and credit default swaps are dependent on LIBOR, which will cease to exist as London banks are getting into regulatory purgatory, after manipulation problems.

    Apr 04, 2018 04:49 AM
    Apr 04, 2018 04:22 AM

    Nearing the time to sell puts on the spy…….Perhaps the next mornings retest…..patience required

    Apr 04, 2018 04:30 AM

    The comment ” If you locked President Trump and President Xi in a room they probably could solve this”, was interesting to say the least and I wonder if Mr T really believes that there is a solution to massive debts that the U S and China have accumulated.?
    Perhaps Mr T could expound on the solution he believes that the two Presidents could achieve, and if the solution would include the actions of the Central Banks?

      Apr 05, 2018 05:51 AM

      John, I spoke in the context of the present trade dispute…in that sense I think both sides want to settle it w/o undue disruption to the overall global economy.

      The accumulated debts on both sides is an entirely different matter…but a motivation none the less for them to make a deal sooner rather than later so as to further postpone the day of reckoning.

    Apr 04, 2018 04:06 PM

    Chris is spot on. Again logical thought from Chris

    Apr 04, 2018 04:21 PM

    Come on Trump!! Let’s see some JUSTICE you pansy