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I have been very positive about the economy but I think I have reached my limit. It is past time to take some chips off the table.
My feelings exactly. There was good reason to feel positive about the economy - and global expansion - and the market - until Friday. The tax cut was done the wrong way, but I felt the market had at least another good year in it despite the eventually ballooning debt and eventual slowdown. Now the Mod Edit shoot-from-the-hip tariff comment - Mod Edit is way too scary. I've avoided annuities until now. Thinking now I need to look into locking down some return. Mod Edit I really don't want to start selling stuff.
Last edited by The Villages Guy; 03-05-2018 at 03:04 PM..
Reason: Let's keep the politics out of investing and focus on how it affects investing. Thx
I don't want to start selling a lot or even trading funds. I have a substantial portion of my savings in non-qualified accounts. Selling and changes hits the taxes when I already expect to pay more due to the "reduction".
you have a lot of his supporters saying that this is just a type of negotiation. it could be because he is an old guy who works in real estate; its not an unusual type of negotiation.
IMO this is it. Trump throws out an exaggerated starting point then "compromises" to what he wants or will be able to get.
At this point it's all talk. I can see going after China for their dumping. They did the same thing when I was in the glass business 20 years ago importing auto glass cheaper than it could be made just to get into the US market.
why would a reasonable man want to take a relatively healthy economy , low unemployment , low interest rates and a good stock market and risk a trade war setting it all unstable .
it defies logic Mod Edit .
Last edited by The Villages Guy; 03-05-2018 at 03:06 PM..
Reason: Let's keep the politics out of investing and focus on how it affects investing. Thx
Mod Edit At least the Trump Effect gave us a good run on investments. Personally I will be taking some chips off the table until we see what the future brings.
Last edited by The Villages Guy; 03-05-2018 at 03:07 PM..
Reason: Let's keep the politics out of investing and focus on how it affects investing. Thx
I think you are wrong. As others have said, I believe this is how he negotiates. He starts at the extreme of what he knows he can’t get and comes to the “center” of getting what he wants or can get. He has established this pattern before.
Standing up for trade is not all bad for the economy. It has to be done with balance, but it is also not good for the American worker to have very unbalanced trade. All presidents mess with this to some extent. Today’s media is just HYPER sensitive to everything Trump does and automatically calls whatever it is bad.
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