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Idk, I see it hard for there to be riots in the street because electronics go up a bit, unless one subscribes to the Jamie Dimon's train of thought: “‘It’s not

Idk, I see it hard for there to be riots in the street because electronics go up a bit, unless one subscribes to the Jamie Dimon's train of thought: “‘It’s not right to say we’re worse off,’ Dimon said [last September 17] at an event in Detroit in response to a question about declining median income. ‘If you go back 20 years ago, cars were worse, health was worse, you didn’t live as long, the air was worse. People didn’t have iPhones.’”[0] Though I do see it being a bloodbath on the stock market (that significant portion of adults have 0 exposure to compared to the wealthy) if iPhones become non exempt, possibly a ringing bell for market top (ignoring that unit sales have already been declining since 2015) of this 10 year bull market and experiment with ZLB interest rates. [0] https://www.counterpunch.org/2016/01/29/let-them-eat-iphones/ https://www.counterpunch.org/2016/01/29/let-them-eat-iphones...

village-idiot 8y ago
There doesn’t have to be riots for China to succeed at this, they just need a large democratic victory. They know that the democrats will try and put an end to the trade war if they control congress.
- cinquemb 8y ago
  Even if there is a large democratic victory and top of that, if the political establishment manages to turn everything around the under the watch of the current present (or the next), if they still cant address the issues that have been building for decades in the US, they'll have a field day when next aristocrat takes office on nationalistic pandering. The trade war™ is a symptom of a larger problem that neither major political party has been bothering to address for the past couple of decades because major backers have been profiting very well of it personally. China and the US have bigger problems looming than this trade war™. I find it really hilarious that x% more expensive electronics that people don't really need year after year is the rallying cry to wreck in into the voting booth.

village-idiot 8y ago

There doesn’t have to be riots for China to succeed at this, they just need a large democratic victory. They know that the democrats will try and put an end to the trade war if they control congress.

cinquemb 8y ago
Even if there is a large democratic victory and top of that, if the political establishment manages to turn everything around the under the watch of the current present (or the next), if they still cant address the issues that have been building for decades in the US, they'll have a field day when next aristocrat takes office on nationalistic pandering. The trade war™ is a symptom of a larger problem that neither major political party has been bothering to address for the past couple of decades because major backers have been profiting very well of it personally. China and the US have bigger problems looming than this trade war™. I find it really hilarious that x% more expensive electronics that people don't really need year after year is the rallying cry to wreck in into the voting booth.