Make sure to watch the entire China’s Downfall series here: https://bit.ly/2Ig0JZz
In this video we’ll be talking about how Trump’s Trade Wars are really hurting Chinese stocks like Tencent and Alibaba (BABA).
What if trade wars are good? What if they’re actually easy to win? And what if China has been abusing the US and we should be doing something about it? What if Trump is actually right? Well that’s what we’re going to talk about in today’s episode of Real Vision’s The One Thing.
Now we all know China is on track to become the world’s largest economy over the US. But they aren’t stable. China is facing major issues because they haven’t shifted to a consumer based economy like the US. They’re completely dependent on exports and are leveraged outta of their minds with all their debt spending.
The US on the other hand has a self-sustaining economy. We’ve got everything we need in house — natural resources, manufacturing, investors, consumers, absolutely everything…we got it!
This means we’re in a great position against China when it comes down to a trade war.
But some people are still scared that US consumers will get killed through higher costs being passed down from tariffs. So what does the evidence show?
Well surveys say that Americans are actually the most confident in the U.S. economy in 18 years And they’re close to an all-time high in that confidence. The consumer confidence index climbed to 138.4 in September. That’s the highest level since September 2000 — which was near the end of the Internet boom.
To learn more, make sure you watch the video above!
And as always, stay Fallible out there investors!