Wall Street Wednesday

1a

China has pledged to buy $50 billion more in U.S. energy supplies, and will raise U.S. agriculture purchases by some $32 billion over two years above 2017’s $24 billion baseline, according to a source briefed on the deal to be signed on Wednesday. The deal also stipulates purchases of an additional $80 billion in manufactured goods.

Those totals would certainly trim the roughly $300 billion annual trade gap between the countries. However, analysts who study Chinese commodity flows remain skeptical that Beijing can absorb such quantities of U.S. goods without threatening trade ties with other suppliers, hurting its own domestic producers, and making substantial changes to import standards and quotas.

“Either China massively increases imports and reduces current account surplus from the current 1.5% of GDP, or it engages in trade diversion away from current providers of goods which compete with the U.S.” said Alicia Garcia Herrero, Chief Economist Asia Pacific at Natixis in Hong Kong. “I see this second scenario as much more likely.”

Hallie Gu, Tom Westbrook @ Reuters

About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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17 Responses to Wall Street Wednesday

  1. Micki says:

    Wrong again! But, that’s an expectation with our crazy weather…and climate.

    Woke up to more snow! Power out in a few areas…but (knock wood) not in our ‘hood! That said, the wind is picky up again.

    BELLINGHAM, WA
    as of 2:59 pm PST

    24° F
    CLOUDY
    feels like 12° F
    H 27° / L 30°

    Like

  2. David B. Benson says:

    Despite the B Street sidewalk becoming icy, still but 16 minutes to the north door of the Hillside Cafe, past a few people reading in the chapel.

    Like

  3. Den says:

    It’s OK to be wrong. 🙂

    Like

  4. Den says:

    Slo-poky day, laundry, lunch, move stuff around, 40 degrees outside.

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  5. °¿º arol says:

    I suppose Micki’s weather will be heading this way. Everything here melted once again. It was 32° here at the ranch.

    Pete and I went to the show and saw 1917. My military buff son said it was one of the best war movies he’s seen. He had no criticisms of the movie. I liked it, too.

    Like

    • Micki says:

      Carol…when I read your comment, I thought of my parents because of your figure of speech, “went to the show.” . My parents, from Michigan & Wisconsin used those words, as did all my aunts, uncles, grandparents, and all my cousins who stayed in MI and WI.

      You’d never hear, “Went to the movies…” Or, “went to the cinema…” And, they wouldn’t drink a soda either….they’d drink pop (if they drank that kind of crap).

      I hope my weather doesn’t move your way!

      No wind at the moment, but still COLD! The snow is lovely though.

      Like

  6. Den says:

    Words from the wise: Don’t drag your bag:

    Like

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