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  • We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change

He is right , and Germany acts like they own the EU for their own
"Breaking News"...
ROFL
trade war with Germany? sell EU
Quoting cliffedwards
"Breaking News"... ROFL
White House Communications Director and Presidential Assistant Michael Dubke has resigned, no reason was immediately given - NBC/CBS/WaPo

There you have "breaking"
US against the world is what he manage to do. Or The world against US .

Europe with Germany in front has taken the lead for the free world. US is quickly putting them self on the sideline or even in to isolation. We Europeans now put our thrust to Merkel and EU for a better development and future to the world and Europe. We in a way can say thank you to Trump for a stronger unity in Europe and in the world. When that is said. I think the world would have been better of without the need for that. And yes short term I think this will strengthen USD and weaken Euro.
Trading in the shadow of SM
c'mon trump, u can do better than this. gimme more volatility
"If you run, you'll only die tired." - Sniper's philosophy
Quoting althar
{quote} White House Communications Director and Presidential Assistant Michael Dubke has resigned, no reason was immediately given - NBC/CBS/WaPo There you have "breaking"
yeah.. got on Squawk..
Thks for heads up.
Politico says happend 18th May.. fortnight ago..
"The veteran GOP strategist resigned in a private meeting with the president on May 18, and Trump accepted immediately, Dubke said, adding that he offered to stay through the president’s first foreign trip to ensure there was a smooth transition as he exits"
clown tweets again haha.
Looks like the German manufacturing machine might come under a bit of pressure from its markets. So if no Brexit deal - German cars (to name but one topical area) no longer look so attractive in the UK with a 10-20% import tax on them. Same again in US with 2.5?% duty becoming 10% (or more) not to mention still struggling to overcome problems from lying about emissions. (VAG in particular)

Vastly increased bills for things like Defence, or even simply running the EU and the gargantuan appetite of the Brussels machinery (et al) not to mention all the subsidies given to most of the membership (they aren't going to want to see those diminished) - Lets face it the 3 real funding nations were Germany, UK and France, with UK gone who is going to pick up the slack? So the whole machinery comes under pressure and the biggest earner (Germany) finds important markets harder to access. Yes they will undoubtedly pick up financial sector work/income but is that likely to offset the other difficulties?

Some interesting situations developing to plug into the eco-models over coming weeks...
Quoting zerotmoal
He is right , and Germany acts like they own the EU for their own
As long as people continue to use the EUR,they do.
Quoting althar
{quote} White House Communications Director and Presidential Assistant Michael Dubke has resigned, no reason was immediately given - NBC/CBS/WaPo There you have "breaking"
He owns a BMW
It would be interesting to see what Trump does about it.
German carmakers own 265 plants in the US and created 110,000 jobs. Half of those depend on the export of German cars manufactured in the US.

These jobs are basically handed over on a plate to the US, and could be done better and much cheaper in eastern Europe so why the long face ?
Quoting barkie
German carmakers own 265 plants in the US and created 110,000 jobs. Half of those depend on the export of German cars manufactured in the US. These jobs are basically handed over on a plate to the US, and could be done better and much cheaper in eastern Europe so why the long face ?
It's back to the car issue again, isn't it, as that has to be the biggest EU export to the US?

Despite the tariffs, American cars are still relatively cheap compared to German, yet we see very few on our roads. The EU charge a high tariff basically calling America's bluff to charge the same. They know full well that people would swallow it because they want a German car.
German population is .25% of USA so you would expect a trade deficit. In fact if you look at it closely Germans buy more US goods per capita.
Quoting jen101
It would be interesting to see what Drumpf does about it.
It would be far more interesting to bring this discussion back to the important thing - trading!
Quoting jen101
{quote} It's back to the car issue again, isn't it, as that has to be the biggest EU export to the US? Despite the tariffs, American cars are still relatively cheap compared to German, yet we see very few on our roads. The EU charge a high tariff basically calling America's bluff to charge the same. They know full well that people would swallow it because they want a German car.
As someone who actually lives in the US, I can tell you this isn't the case. It is well known how poorly Audi and BMWs hold up. After 30k miles, the costs pile up. In the US, we tend to go for Japanese cars. Far more reliable and reasonably priced. And of course, there are all of the US companies. GM, Ford, Tesla, etc.

German cars are very expensive to repair and maintain. This is why you see so many Audis for sale after 3 years.

Here is a quick breakdown of last month's sales in the US - Not one German automobile in the top 20.

http://online.wsj.com/mdc/public/pag...autosales.html
[quote=clockwork71;9925891]{quote} As someone who actually lives in the US, I can tell you this isn't the case. It is well known how poorly Audi and BMWs hold up. After 30k miles, the costs pile up. In the US, we tend to go for Japanese cars. Far more reliable and reasonably priced. And of course, there are all of the US companies. GM, Ford, Tesla, etc. German cars are very expensive to repair and maintain. This is why you see so many Audis for sale after 3 years. Here is a quick breakdown of last month's sales in the US - Not one German automobile in the top 20.


I used to work in the auto sales industry, and the number one car with the highest resale value was Honda, followed by Toyota. I once bought a Totoya Tacoma that had over 400,000 miles on it. I had the vehicle on the lot for less then two days before selling it for 2400.00 dollars, I originally bought it at auction for $1100.00.

Also, Merkle the cry baby is out and about making her rounds complaining how they can't rely on the US anymore, because reality is being spotlighted that the US is paying 70% of the NATO budget, while Germany continues to fail to meet it's financial obligations. Hmm hit with the truth and all she can think of is to complain how bad Trump is for actually asking every nation in NATO to pay their fair share.


Attached Image (click to enlarge)
Click to Enlarge Name: nato-2.jpeg Size: 51 KB


However, what is rarely added to the discussion is the scope of the U.S. GDP in comparison to other nation states. For the US to spend 3.61% of their massive GDP ($18.5 Trillion) is actually $670,344,000,000 That represents 76.11% of the entire NATO budget.
IMHO..
Three basic misconceptions about The NATO issue.

1. US Military spending supports a GLOBAL capability.
European/NATO spending supports a European Theater capability Thats NATOs mandate.
So any comparison based on US Global spending is entirely spurious.

2. The US maintains a military establishment of 100k personnel in Europe.
Much of this is employed in support of their maintaining their midEast deployment and capability.
EU/NATO maintains 1.8 mio personnel. so US European Defence commitment is only about 5% of overall EU/NATO the ground.

3. There is no "Bill". The EU/NATO GDP expenditures relate to domestic military budgets.
Nothing to do with US. The idea that US is "paying for" Europes defence.. is a ludicrous characterisation of the issue designed IMHO for US political domestic showboating.

As a "consistency of thought experiment..? check out US military deployment in Pacific/SE Asia.
Its about 150k boots-on-the-ground? Thats 50% greater than in Europe?
And then check out Japan and S Koreas military spending as % GDP.

Finally a program to increase the domestic military expenditure of EU/NATO states as % GDP has ALREADY been agreed with US since 2013. Mr Trumps attitude on this and public rebuke of his closest allies is both has weakened the West at a time that we need the opposite. And has caused Europe to reassess the dependability of US as defence allies. Putin must be having hysterics.

The only market implications of all this bla bla I can see is that investment in arms industry stocks may be worth a further look.
Quoting DrManhatten
Quoting clockwork71
{quote} As someone who actually lives in the US, I can tell you this isn't the case. It is well known how poorly Audi and BMWs hold up. After 30k miles, the costs pile up. In the US, we tend to go for Japanese cars. Far more reliable and reasonably priced. And of course, there are all of the US companies. GM, Ford, Tesla, etc. German cars are very expensive to repair and maintain. This is why you see so many Audis for sale after 3 years. Here is a quick breakdown of last month's sales in the US - Not one German automobile
...
...[/quote]

Screw NATO. Let Germany look after themselves for a change. It should just be the US and UK, maybe France.. why all the basket cases?
Quoting cliffedwards
IMHO.. Three basic misconceptions about The NATO issue. 1. US Military spending supports a GLOBAL capability. European/NATO spending supports a European Theater capability Thats NATOs mandate. So any comparison based on US Global spending is entirely spurious. 2. The US maintains a military establishment of 100k personnel in Europe. Much of this is employed in support of their maintaining their midEast deployment and capability. EU/NATO maintains 1.8 mio personnel. so US European Defence commitment is only about 5% of overall EU/NATO the ground....

You talking nonsense! It is in the NATO mandate that all participating countries have to spend 2% of their GDP. Stop with your erroneous talking points because clearly you have no idea what you are talking about Grandpa! Making false equivalencies with Asian countries and US Military involvement with them has nothing to do with NATO and the mandates set forth for the participating countries in which they have agreed to certain conditions in order to be an inclusive member has clearly shown an unfair and disingenuous attitude on the part of the European countries who have failed to meet their obligations! How come Greece, Estonia, The UK, Poland have managed to meet their financial obligations? Your whole entire argument is bunk! No get on with it and stop trying to make a case with boots on the ground and how many military personnel are deployed in Europe because it is a straw mans argument. There is a lot more that goes into NATO spending then just US military bases, such as counter terrorism, Intelligence data, Cyber security intelligence, Logistics planning, and strategic Comm coordination, just to name a few. I am guessing you never served in the military nor have any idea what is involved when it comes expenditures and budgets allocations for implementation on various security provisions as it relates to fiscal projections? Try again, because clearly you are grasping by eliciting with such false equivalencies! US, as illustrated in the chart above is contributing close to 76% of the entire NATO budget, and the facts are there for you to read! Now actually try reading the actual numbers and you will find that is indeed the case. That is if your obvious bias allows you to be honest for a change!
Quoting jen101
{quote}{quote}...
Screw NATO. Let Germany look after themselves for a change. It should just be the US and UK, maybe France.. why all the basket cases?[/quote]

Maybe France? Ha they want out, as it is obvious they haven't lived up to their financial obligations either. I say who cares! Its about time the US stops funding the welfare states of Germany and most of the EU who do nothing but complain and leech off of other countries! If it weren't for the US NATO would be nothing!

Sure screw NATO! I agree with that sentiment!
Quoting DrManhatten
{quote} You talking nonsense! It is in the NATO mandate that all participating countries have to spend 2% of their GDP. Stop with your erroneous talking points because clearly you have no idea what you are talking about Grandpa! Making false equivalencies with Asian countries and US Military involvement with them has nothing to do with NATO and the mandates set forth for the participating countries in which they have agreed to certain conditions in order to be an inclusive member! How come Greece has managed to meet their financial obligations?...
WTF has this to do with Markets or Trading?
Quoting cliffedwards
{quote} WTF has this to do with Markets or Trading?
WTF have you got to do with trading?
Quoting DrManhatten
Maybe France? Ha they want out, as it is obvious they haven't lived up to their financial obligations either. I say who cares! Its about time the US stops funding the welfare states of Germany and most of the EU who do nothing but complain and leech off of other countries! If it weren't for the US NATO would be nothing! Sure screw NATO! I agree with that sentiment!
Yes, I see Macron and Trump had a sort of gritted teeth, white knuckle type of handshake. If the world's cameras weren't there, Trump probably would have flattened the little squirt. Don't think they're best buddies! Ok then, just UK and US and the rest can get stuffed.
Quoting jen101
{quote} Yes, I see Macron and Trump had a sort of gritted teeth, white knuckle type of handshake. If the world's cameras weren't there, Trump probably would have flattened the little squirt. Don't think they're best buddies! Ok then, just UK and US and the rest can get stuffed.
Yeah Macron, that little twerp! Did you see him and Trudeau and his fancy socks having a tingle up the pants moment with each other? Puke!
Quoting DrManhatten
I used to work in the auto sales industry, and the number one car with the highest resale value was Honda, followed by Toyota. I once bought a Totoya Tacoma that had over 400,000 miles on it. I had the vehicle on the lot for less then two days before selling it for 2400.00 dollars, I originally bought it at auction for $1100.00.
I had a friend in Seattle who worked for a GM dealership for a good while and the dealership went out of business. After a management buy-out/rescue and an agency for Toyota his own personal sales went up at least 4 fold (I'm not exaggerating, if anything I'm being conservative) and the business made them all quite wealthy very quickly...
Quoting DrManhatten
{quote} Yeah Macron, that little twerp! Do you see him and Trudeau and his fancy socks having a tingle up the pants moment with each other?
I can't figure him out. There has to be something very strange about someone who marries their ex teacher, who looks like their mother and dresses like the proverbial mutton, with a wig and a face like a cat's arse. Meanwhile, I thought Melania looked fantastic. If anyone is abnormal, it isn't Trump!
Quoting nbfx
{quote} I had a friend in Seattle who worked for a GM dealership for a good while and the dealership went out of business. After a management buy-out/rescue and an agency for Toyota his own personal sales went up at least 4 fold (I'm not exaggerating, if anything I'm being conservative) and the business made them all quite wealthy very quickly...

Yeah that doesn't surprise me. I made some nice change just selling used cars especially Hondas and Toyotas which were my biggest sellers.
Quoting DrManhatten
Hidden
Mummy Merkel is going to spank him well and proper and he's going to enjoy it!
Quoting DrManhatten
Hidden
He was just making a point out of who he respect and who he disrespect, who is the friend who is not. I would say great way to show it to the world. Europe is not crawling for Trump. We like USA . Respect what it has been and what it possible will be again. But not for what it is showing to us and the world now by the person the American people has elected President.
Trading in the shadow of SM
U.S. Trade Deficit by Country: Current Statistics and Issues

China -- $579 billion traded with a $347 billion deficit.
Canada -- $545 billion traded with a $11 billion deficit.
Mexico -- $525 billion traded with a $63 billion deficit.
Japan -- $196 billion traded with a $69 billion deficit.
Germany -- $164 billion traded with a $65 billion deficit.

More than 40 percent of the U.S. trade deficit in goods was with China.

How come Trump does not say anything about China any more at all?
And why Germany?
Maybe Germany should play for him an Arab tune, they can definitely get him to dance to that.
Quoting Nick.
U.S. Trade Deficit by Country: Current Statistics and Issues China -- $579 billion traded with a $347 billion deficit. Canada -- $545 billion traded with a $11 billion deficit. Mexico -- $525 billion traded with a $63 billion deficit. Japan -- $196 billion traded with a $69 billion deficit. Germany -- $164 billion traded with a $65 billion deficit. More than 40 percent of the U.S. trade deficit in goods was with China. How come Trump does not say anything about China any more at all? And why Germany? Maybe Germany should play for him an Arab tune,...

Same as banks. The more money you have borrowed from them the more money they will give you to support you. Germany's trade could be replaced tomorrow , China's couldn't.
They should let the Germans build their military ,and for export like the cars. There will be no need for us protection and I'm sure the quality would be superior to most others.
The money that was to be earmarked for the defense was not about payments to the US. Germany and other NATO members do not owe the US money. It was about building capacity and capabilities. Nor must defense mean strictly military resources. If Germany's military spending and spending on refugees were combined, then it would be near its 2% obligation.
Live with no regrets
So... could it be my post got hidden because I was trying to steer the conversation back to trading...? Surely not!
Quoting MartyGP
So... could it be my post got hidden because I was trying to steer the conversation back to trading...? Surely not!

yep something to do with being to rough maybe I have also been hit I now have modified my input
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting Aussi
{quote} yep something to do with being to rough maybe I have also been hit I now have modified my input
Yeah, let's all be nice and talk fluff.
Quoting Earleone
{quote} He was just making a point out of who he respect and who he disrespect, who is the friend who is not. I would say great way to show it to the world. Europe is not crawling for Trump. We like USA . Respect what it has been and what it possible will be again. But not for what it is showing to us and the world now by the person the American people has elected President.
I see how that works. Don't agree someone put them on ignore. Nice. What happened to the spirit of debate on this site?
Quoting jen101
{quote} Yeah, let's all be nice and talk fluff.
I like fluffy
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Geez, what the hell is wrong with this place? Trying to make peace and get a CoC!! I think these CoCs are just getting pulled out of a hat now on someone's whim! Talking fluff is OK, but calling a truce with someone is not?!
Quoting jen101
Geez, what the hell is wrong with this place? Trying to make peace and get a CoC!! I think these CoCs are just getting pulled out of a hat now on someone's whim! Talking fluff is OK, but calling a truce with someone is not?!
I'll tell you. It's you. Every time you pop your head out of your hole. (The Rabbit Hole, that is, of course) I don't like you either, your views or any of the gang you lead. So you won, and Forex Factory lost. Personally, I don't care.
Gone to a better place
And there you go, jen101 and your merry band of twits.
Gone to a better place
Quoting smikester
And there you go, jen101 and your merry band of twits.
Why don't you just put me on ignore, as per the rules of FF, if you dislike me so much?
What a pile of crap. Yellow belly complainers getting upset over comments on the internet. You're all the same, can give but cry like a baby when there is a return volley

Kind Regards

Mr Rhino Hide
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
Quoting jen101
{quote} I can't figure him out. There has to be something very strange about someone who marries their ex teacher, who looks like their mother and dresses like the proverbial mutton, with a wig and a face like a cat's arse. Meanwhile, I thought Melania looked fantastic. If anyone is abnormal, it isn't Trump!
Child, it is not about looking it is all about behaving... lol y will figure out it later perhaps...
Haha! Why did my last post get hidden? Because I agreed to a truce? What... you prefer everyone to argue venomously?

So a post gets hidden both when it's too contentious... and when it's too friendly. Yeah. That makes complete sense.

Pick a lane, Forex Factory! I know traders are supposed to take emotion out of the equation, but this is just getting a bit ridiculous now.
Quoting Charlzz
{quote} Child, it is not about looking it is all about behaving... lol y will figure out it later perhaps...
Keep dreaming granddad if you think you can pull some top totty without being a billionaire. 😂
Quoting Charlzz
{quote} Child, it is not about looking it is all about behaving... lol y will figure out it later perhaps...
Unlikely.
Quoting MartyGP
Haha! Why did my last post get hidden? Because I agreed to a truce? What... you prefer everyone to argue venomously? So a post gets hidden both when it's too contentious... and when it's too friendly. Yeah. That makes complete sense. Pick a lane, Forex Factory! I know traders are supposed to take emotion out of the equation, but this is just getting a bit ridiculous now.
Chill Marty..
Think of FF as a Bar? Yeah?
Its a business. Money made from selling booze?
but in this case from Generating Traffic. Great bar.. great service but Controversy also generates traffic?
So they got to have House Rules, to stop things getting out of hand? People being people?

So from time to time a row breaks out..?
You think they GAF whos right or wrong, or who started it?
They just whack anyone who looks like a troublemaker.
Mostly right.. but sometimes wrong.
Ever try to reason with a Bouncer?


Now Ya Got It?
LoL.
Quoting cliffedwards
{quote} Chill Marty.. Think of FF as a Bar? Yeah? Its a business. Money made from selling booze? but in this case from Generating Traffic. Great bar.. great service but Controversy also generates traffic? So they got to have House Rules, to stop things getting out of hand? People being people? So from time to time a row breaks out..? You think they GAF whos right or wrong, or who started it? They just whack anyone who looks like a troublemaker. Mostly right.. but sometimes wrong. Ever try to reason with a Bouncer? Now Ya Got It? LoL.
Your vegetables have been whacked a bit recently too, haven't they Cliff?
Quoting jen101
{quote} Your vegetables have been whacked a bit recently too, haven't they Cliff?
Yep.. Its even been rough on Hamsters I hear.. ROFL.
Cheers
Quoting cliffedwards
{quote} Yep.. Its even been rough on Hamsters I hear.. ROFL. Cheers
Go easy, it's still early! Cheers
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  • Posted: May 30, 2017 7:10am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 67  /  Views: 20,446