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Dazedandconfused

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18/01/19

14:43

Post #: 37157217
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Originally posted by 48&34 ↑

Originally posted by Dazedandconfused
Hi DD

Personally... I suspect there is substance to that rumour. China is responding by internally supporting its economy with liquidity, which shows they are determined to tough it out. Meanwhile the evidence is growing that the trade war is hurting the US in the greater degree. [Also ... for China this confrontation is more existential in nature for them , so of course they will fight harder]. I have quietly thought for a little while that it is the US which will be seeking the face saving exit from this.
The US has a history of walking away from a defeated or stalemate position in wars since and including Vietnam. Saving face is not really a big part of the American culture, but for China it is an imperative not to show any weakness. Life is fairly cheap there, witness the mass starvation under Chairman Mao Tse Tung. The state comes in first, the individual last. Trump will eventually get a small concession from China and say he has been successful then likely drop the whole thing. Above all, he wants his second term.

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I think Trump might not serve out a full first term. It is staggering how much damage he has done to the US in only 2 years...

XAO Value at posting: 5,942.8
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