Re: Nike destroys $3 billion in market value overnight
Posted: Sat Sep 08, 2018 3:34 pm
Saw that, commented there and will say here; the thesis does not add up.Rich Jordan wrote: ↑Sat Sep 08, 2018 3:15 am Kim posted a link on his blog to an article that posits that Nike and Levi are doing these seemingly harmful things to try and prevent trade resets with China and (reportedly) North Korea, where the Chinese now go for low cost labor. They're "siding" with those opposing Trump and his trade actions in order to preserve their current trade environment and, apparently, much more money than they might lose by alienating many of their American customers.