00:00 Mr Speaker a
I want to make you in the US economy. First II want to do your own topics, we-China Trading conflicts trying. I’m interesting because I think that many investors thought, you know what, good things, both sides speak. To some extent, II thought it might be removed from radar. Now it sounds like those conflicts back to the radar. He received a new post from the President and said he believed China did not condemn US soy beans, that is an economic act of economic. He says we are thinking about ceasing with China to do with Cook Oul, cooking oil and other trading equipment as a refund. You are investor, you actually have to deposit money to work in this market. How is all this going?
00:53 The Speaker B
Yes, I think the first thing we look at you should look at the appearance of looking and long and realize that there are some basic problems under all this. And the fact is that China, you know, Chinese trading with us is 2.3% of their economy. Sellers with us, are going to the chair. Our trade is also about one 1%. So when you look at this war and this war returns back and forth, it is an economic war and the point of the story is the most powerful hand. They need more than we need. Time, the end of the story, full suspension. And when you get away from this, you see that we see a lot of sound, many words around the battle, but in the ordinary battle, we may be successful.
01:50 Mr Speaker a
So what is investor, you say to you, see this post, I’ll see these articles, but I’ll look at it. It’s no sound and I will focus on getting?
02:02 The Speaker B
Directly. Because you focus on the income, you look basic. You know, this is much, I call Frazzzed Cat syndrome. Market true. The market for the higher sort, you get any sound piece, everyone is crazy, looking up the roof, scared, excessively. And so it’s one thing we say for a long time, buy chips on dips. And be in a situation that when you are when people pass by, they have used them back, look basic, look for money, and make sure that your drives is
02:37 Mr Speaker a
Do you think that somewhat this kind of market is compiled or placed over the fact that the focus is on the market, due to measuring.
02:46 The Speaker B
Certainly. I mean, because especially when you get up, when the price is smaller before earnings and when we look at people kind of surprise. But we will see the receivables may be very good as it comes out. We just started today, of course? Or yes, then, we will continue to see the earnings available in a few weeks. And I think those will be very beautiful. And we will look forward to predicting or or all of all S & P 500 time, earnings will be 10 to 10 to 12% next year. Therefore, you know, the money received in high-time areas is in the highest level. And I think we just have to see if we get it in these higher times, people are strong. Sometimes people, sometimes a mind and interfere with ourselves, we view that as an opportunity.
