Retaliation:China Will Impose Tariffs Ranging From 5 percent To 25 Percent On U.S. Goods

32 minutes ago, ronwagn said:

Macron went to about the only university that French leaders come from. It is very elitist and globalist. 

Micro Macron!!! :D

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(edited)

On 5/13/2019 at 3:01 PM, Tom Kirkman said:

Unfortunately, I can only speak English (due to dyslexia, although I had mandatory 4 years of Latin and 2 years of German in high school, which was a total waste of my time).

I only speak English but I've obviously had a lot of exposure to French.  You might like French as they put adjectives after the noun. 

Instead of French fries it is pommes de terre frites or roughly "apples of the earth fried."

Edited by Enthalpic

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U.S. LNG companies Cheniere and Tellurian see U.S.-China trade spat as short term

May 14 (Reuters) - Executives from U.S. liquefied natural gas (LNG) companies Cheniere Energy and Tellurian on Tuesday said they view the trade dispute between China and the United States as temporary, with no major impact on their ability to sell LNG.

China retaliated on Monday against Washington’s tariffs by raising its own duty on U.S. LNG to 25% from 10%.

Cheniere is the top U.S. LNG producer with two large export terminals in Texas and Louisiana. Most of its LNG is sold under long-term contracts signed several years ago — with no current Chinese buyers.

 

“China is a big part of demand growth but other markets are important,” Cheniere’s senior vice president for strategy, Andrew Walker, told Reuters at an LNG conference in Amsterdam.

“India will be the rising start of Southeast Asia. Europe fundamentally needs more LNG in the mix,” he said.

A Tellurian executive said he thought the escalation of the trade spat, which involve billions of dollars worth of goods other than LNG, was a short-term issue.

 

Tellurian is one of a dozen companies planning to build LNG export plants like Cheniere’s.

Before construction, Tellurian needs to find long-term buyers, whose commitments will underpin the financing. Tellurian plans to take a final investment decision this year.

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This Trade War is escalating.  Bad timing. 

CORPORATE DEBT...

Many corporations are exposed to tremendous, historical debt during this era, but getting more credit is tough with the Fed's tightening this past year.  We saw the fracking industry get hit - that is, investors have wised up on the fracking hype and curbed their flow of money into many of these companies.  Nick Cunningham and others talk about this https://oilprice.com/Energy/Crude-Oil/The-Shale-Boom-Is-About-To-Go-Bust.html  Bethany McLean has a book about it, but this article hits some highlights https://www.theguardian.com/news/2018/aug/30/how-the-us-fracking-boom-almost-fell-apart

EXCERPT from McLean 

“The fracking of oil, in particular, rests on a financial foundation that is far less secure than most people realize.

Because so few fracking companies actually make money, the most vital ingredient in fracking isn’t chemicals, but capital, with companies relying on Wall Street’s willingness to fund them. If it weren’t for historically low interest rates, it’s not clear there would even have been a fracking boom at all.”

Overall, corporate debt is in deep.  Very deep.   Watch this 7 minute Mike Maloney video entitled Which Sector Is The Pin That Pricks The Everything Bubble?  https://www.youtube.com/watch?v=RUKxjvmOAz

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The Trade War is escalating.

Jason Burack of “Wall Street For Main Street” is an extremely competent analyst for the oil and mining industry.  He reads and understands the audit statements of corporations.

Jason Burak talks about China, the Trade War, Bitcoin, laundering money by CCP (Chinese Communist Party) elites, criminals or whoever, etc. in the following podcast, where listeners participate.

https://www.youtube.com/watch?v=La3QN7jP1Oo

 

Jason also cites the Twitter of a top Chinese publication, which has become more combative towards the U.S. https://twitter.com/HuXijin_GT?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

 

Don’t miss this…

Go to the 35 second mark of this Chinese Tweet from the “China Global Television Network”, where the teacher shifts gears and talks about Kiron Skinner, the State Department’s Director of Policy Planning.

https://twitter.com/CGTNOfficial/status/1128317796369215488

 There is some sabre rattling going on.

 

More on China…  by ABC in Australia

"China's new propaganda music video celebrates trustworthiness and the Social Credit System"

https://www.abc.net.au/news/2019-05-08/beijing-makes-music-video-promoting-the-social-credit-system/11088402

 

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2 hours ago, Enthalpic said:

Unsurprisingly, it's the poorest Americans that will pay for this fail. https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=f98935&mobile=false

Hmm.  Seems like it will be pretty equal.  95 percent of all Americans shopped at Walmart in 2016. 

"According to the data, the average Walmart shopper is a white, 51-year-old female with an annual household income of $56,482."

 

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