The smart money boys aren't buying what simpleton con man Donald "Rump" Trump is selling on his yuuuge China tariff pause:
"It doesn’t seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trump’s tweets (which seem if not completely fabricated then grossly exaggerated) with reality." - JPM trading note— Carl Quintanilla (@carlquintanilla) December 4, 2018
Here's the JP Morgan note excerpt:
President Trump’s top economic advisors pushed back Monday on his claim that China has agreed to eliminate tariffs on U.S. auto imports, saying no such agreement had been struck.
The unusual dispute was the latest to suggest that Trump’s handshake agreement on trade during a working dinner Saturday night in Argentina with Chinese President Xi Jinping remains open to divergent interpretation, even in the White House.
"Q. How can you tell he's lying? A. His lips are moving." Never more true than with this p.o.s.
BONUS: Now even Big Brain Trump is walking back some of the puffery.
BONUS II: The stock market isn't buying Rump's b.s. apparently; the market plunged more than 700 points this morning, uncertain about what was actually agreed to with China.
BONUS: Now even Big Brain Trump is walking back some of the puffery.
BONUS II: The stock market isn't buying Rump's b.s. apparently; the market plunged more than 700 points this morning, uncertain about what was actually agreed to with China.
