CBOT GMO New Low $821.
Chicago Board Of Trade GMO Soybeans for November 2018 NEW LOW IS $821.
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""What investors then need instead is an ability to both disregard mob fears or enthusiasms & to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period — or even to look foolish — is also essential."
~ SAGE BUFFETT
With YSYB, that's exactly what we're doing here; & being very cognizant of news affecting YSYB is crucial.
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0400 AM EDT starved for speed reading for us, etc...
"The Global Times newspaper, published by the Chinese Communist Party, has vowed to launch a ‘beautiful’ counterattack if the US imposes more tariffs.
Reuters has the details:
“It is nothing new for the U.S. to try to escalate tensions so as to exploit more gains at the negotiating table,” the Global Times, which is published by the ruling Communist Party’s People’s Daily, wrote in an editorial on Monday.
“We are looking forward to a more beautiful counter-attack and will keep increasing the pain felt by the U.S.,” the Chinese-language column said.
Paul Donovan of UBS isn’t impressed by the prospect of America slapping fresh tariffs on Chinese goods:
It is all change in the flip-flop world of US trade policy. Media reports suggest US President Trump will impose yet more taxes on Americans who dare to buy things partially made in China.
There are also reports China will refuse to attend trade talks with the US. This is not official – there are no tweets – but Asian markets reacted.
Trade issues and their impact on the global economy are likely to dominate investor focus this week, says Stephen Innes of foreign exchange group OANDA.
Innes says Trump’s push for fresh tariffs on Chinese goods could undermine Treasury Secretary Mnuchin’s attempts to broker a trade deal with China.
China officials will continue to be frustrated. This good cop / bad cop routine continues to undermine Mr Mnuchin’s efforts as it’s still not clear if anyone other the Trump himself is commissioned to cut a deal.
And not too unexpectedly and quite ominously China could cancel the meeting.
But assuming the Tariff go through Tuesday, given that this is not so unexpected I guess the big question is 10 % or 25%, and I suspect this is where the event tail risk lies. If Trump comes out with 25 %, we could get an outsized market reaction.
It’s a new week, but investors are fretting about a familiar fear - Donald Trump’s trade wars.
Over the weekend, the Wall Street Journal reported that the US president is poised to impose a fresh round of tariffs targeting about $200 billion in Chinese goods, from consumer products to machinery and chemicals.
According to the Journal, the tariffs are expected to be set at around 10%, rather than the 25% which Trump recently floated.
It reported that:
President Trump’s decision..is designed to give the US more leverage in discussions with China over allegations that Beijing coerces American firms into handing over valuable technology to Chinese peers.
Even so, such a move would escalate the trade dispute with China and doubtless provoke a retaliation.
As one senior Chinese official put it:
“China is not going to negotiate with a gun pointed to its head.”
The US first floated these tariffs in July, putting the idea out to consultation. That process ended last week, and the WSJ believes an announcement could come today or tomorrow.
Naeem Aslam of Think Markets says investors are “highly concerned” about the Trump’s upcoming decision.
The president of the United States, Donald Trump is determined to put another $200 billion of tariffs on Chinese goods. There was some hope last week that the White House may be able to resolve this matter with Beijing in a more peaceful fashion.
China has made one thing clear for Trump that threats and such behaviour aren’t going to work with the country. Under the current circumstances, there are real chances that the new set of negotiations may never begin. So far, the Chinese government has declined to resume the trade talks because Trump is telling his aid to prepare for the next round of trade tariffs. This is the prime reason that we have seen the stocks tumbled over in Asia and the same momentum is highly likely to continue over in the Europe." ~ Quoted
YSYB = SOMETHING TO BELIEVE IN, WITHOUT A DOUBT!
> >> RECOVERY HAPPENS! >>> SOON!! >>>> >>>>>
