Cambria CEO Marty Davis: “Trump Is The Smartest Guy In The Room”

You cannot have free trade with a dictatorship that is harvesting the prosperity of an American Democracy.

Marty Davis

Cambria President and CEO

Worth watching.

Mr. Davis doesn’t hold back his criticism of people responsible for the unfair trade agreements and the current international crisis.

Published on Sep 5, 2019
by Fox Business

Maria Bartiromo talks to Cambria CEO Marty Davis, who shares his views on trade issues with China and President Trump’s approach to that problem. He talks about the roots of the conflict and then explains the consequences of short-sighted decisions made by Wall Street tycoons in an alliance with powerful U.S. and Chinese political establishment.

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US-China Trade War Is Gaining Momentum

The United States and China are clearly on a collision course.

For the last few decades, the Chinese government was playing bumper car game with us when driving behind our stretch limo and grabbing whatever has fallen out of its trunk. Our drivers have never reacted to it out of fear of making the situation worse. Until now. We finally managed to hire limo driver with balls. He pulled over, jumped out the car with a baseball bat in his hand and is straightening things out.

Pres. Trump’s tough stand on China’s unfair trade practices is starting to bring some positive effects.

HP and Dell, the world’s No. 1 and No. 3 personal computer makers who together command around 40% of the global market, are planning to reallocate up to 30% of their notebook production out of China, several sources told the Nikkei Asian Review.
Microsoft, Google, Amazon, Sony and Nintendo are also looking at moving some of their game console and smart speaker manufacturing out of the country, multiple sources told the Nikkei Asian Review. Other leading PC makers such as Lenovo GroupAcer and Asustek Computer are also evaluating plans to shift, according to people familiar with the matter.

Nikkei Asian Review – 7/3/19

Beijing might talk tough, pledging “fight to the end,” but major tech companies can see more and more problems threatening their bottom lines like unfair trade practices, national security concerns, and rising labor costs to list just a few and are fleeing the country.

We are winning. More and more companies move their production to U.S.-friendly countries in Eastern Europe and Southeast Asia. Apple Inc has asked its leading suppliers to estimate the cost of relocating 15-30 percent of their production capacity from China to Southeast Asia. Sooner then later, China will have to decide whether to trade fairly with the United States or to risk seeing its economy shrink.

Off course there are some hiccups in the stock market, and every time numbers go down anti-Trump crowd goes crazy hoping the US economy will finally go down the tube and their candidate will take over the white house in 2021.

So far, even with all the liberal media outlets working very hard trying to create a panic and scare people into a recession, the stock market is doing OK.


(As of Aug 23, 2019)

S&P 500 INDEX – +13.57%

Now, at the end of this post, I’m going to be as optimistic about the stock market and our economy as anti-Trumpers are pessimistic. I predict that by the end of 2020, Trump will beat Xi Jinping, and DOW JONES is going to hit 35,000.

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