Posted on 03/22/2018 7:12:19 PM PDT by E. Pluribus Unum
Edited on 03/22/2018 8:47:22 PM PDT by Jim Robinson. [history]
I’m all for creating economic problems for California, since they are in rebellion against the Union.
That’s a decent beginning. My portfolio is down like most—so what. Kick em hard in the bells and stab em in the back like you mean it Mr Trump.
America has had it with the elitist globalists destroying our country. The country so many sacrificed so much for.
Now get on with the thrashing and execution of the danged Chicoms.
Interesting. Smithfield, one of the largest pork producers in the US was recently bought by a Chinese firm. So will the Chinese be imposing tariffs on on a Chinese owned company?
LOL. Great point. Hopefully, POTUS will fully man the US delegation at the WTO and start carpet bombing the chicoms with trade disputes.
“... following a seven-month investigation into the intellectual property theft, which has been a longstanding point of contention in US-China trade relations.”
Tariffs on 3 billion is too small to care about.
There is also QT. The QT the Fed is doing is the same thing as a .25% interest rate hike...at a minimum...some estimates are that each round of QT can almost be as much as a 1% hike. The costs are hidden. But it takes its toll. Both the raising of the interest rates and QT are double-punching the market. Add to that the tariffs and threat of a trade war...that didn't help.
Clemmon’s Pork in Pennsylvania, and now in southern Michigan. Great people. Good product. 5th largest pork producer in American. No, I don’t work for them.
Bullshit. Take a look at the top ten Dow decliners today. They are trade sensitive. Are you telling me that APX and JPM should go DOWN on rate hikes?
Ginseng hunters most affected.
„China needs US a lot more than we need them„
China has no debt
China makes stuff people want
China has more customers in rest of world than in US
US is structurally insolvent; with 3rd world debt levels
US sells services
US needs chinese customers
I think those numbers may be the point behind these tariffs. Short term, it may be an opportunity to buy on a big dip, with a nice gain longer term. IMO
The Fed lowered rates to near Zero and kept them near zero under 1% for all of Obama’s term , all 8 years which led to a bubble stock market , a bubble economy .
The Fed is now purposefully popping their own bubble they crated for Obama. that is the reason the stock market is crashing. there is no reason to raise rates as gdp is only 2.5%, inflation 2.1% .It's all political . They are leftists trying to crash the economy to get rid of Trump.
Tariffs and “trade war” didn't have anything to do with the market going down . This is the liberal news media narrative . guess You a conservative agree with and bought hook and sinker the Liberal news media's narrative.
China lost when Xi Jinping was confirmed as emperor of life.
These wars are ultimately not “money” things...they are “moral” things...so long as America keeps its moral bearings under Trump — economic perks and maintenance of military supremacy are just added bonuses.
A re-awakened free-market republic will beat this despotic regime in trade. for SURE.
The Fed have been in the process of popping those bubbles ever since Trump got elected.
If what you say is true dumb investors buy the liberal news media narrative too.
That the Fed has aready raised rates 6 times and SAID they will continue this til 2020 shows that they are in a process long term a few years already since Trump of popping that stock market bubble and crashing the economy to get rid of Trump.
No, the Fed hikes were needed for economic recovery. The main effect on the market is to move money out of the interest rate sensitive stocks into the non-sensitive stocks. The reason the market was down today was the sanctions. The reason for the correction was the steel and aluminum announcement that finally allowed the market to correct.
The most important thing about the correction is that it is healthy and necssary. Not only that, but the timing is perfect. Needs to correct some more and remove alll the ridiculous neervous nellies and the liberals. Then take off in the summer in time for the election. That way there's no chance for an October surprise in the markets.
The Fed kept rates near zero for all of Obama’s term.
But you say they are not political. I say they are growth is nonexistent why raise so aggressively?
QE undermined the economy by creating uncertainty in the currency and encouraging malinvestment. QT is not too much fun but the only way to undo QE.
“by a Chinese firm.”
What happens when the Chinese start demanding payment for all the money Obama borrowed during his administration?
Will we find that China owns a lot of the home mortgages in the US?
Everyone needs to pay off their mortgages fast.
Economic Conditions like GDP , inflation etc are about the same now as during obama. Why so much QE for Obama , but QT as soon as Trump gets in? Qt now with an economy this weak 2.5% (and less if you take in population growth etc.) can only show a deliberate attempt to send the USA into a recession for leftist political reasonin.
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