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Where are all the legislators who believe in free trade? Call your legislator today. Put pressure on them to do something.
They are ON VACATION and have been...
They left town right after Trump rumbled about the initial tariffs when he "declared" a military necessity that allowed him to exercise a very rarely used right---ONLY when there was a direct threat to the US
Trump went way out of his wheelhouse with this move and it has gotten worse...
Supposedly these are 'proposed' tariffs -- supposed to have public comment time--
But we saw how that went for the FCC net neutrality rules---the Russian trolls were more prolific than legitimate posters and put out the Trump party line---and Americans against the proposed action were pretty much ignored...
Call my legislator? It's not worth the time!
I'm glad we are working now on fair trade rather than free trade, even if it hammers stocks. It may help bring some industries back here or prevent other ones from moving. I'm hedged, I'll be ok if the market tanks.
This will cost Republicans the House, Senate, and Presidency and we will end up with possibly Bernie Sanders. All this will be undone, taxes will go up, stocks will drop, etc...
Yes, tariffs aren't good and a "trade war" could be scary, but we are so so far from that at this point. The US exported $2.344 trillion worth of goods and services in 2017. A tariff on 50 billion might sound scary, but you have to look at the number in context.
It's not just the tariff or trade war threat that is moving the markets....
* Very long running bull market - since 2009
* Big run up of pricing since Trump took office...profit taking
* Trump's unpredictability
* Trump going after Amazon
* Facebooks recent woes dragging down tech
Many reasons we are more likely to do down than up in the short term
It's not just the tariff or trade war threat that is moving the markets....
* Very long running bull market - since 2009
* Big run up of pricing since Trump took office...profit taking
* Trump's unpredictability
* Trump going after Amazon
* Facebooks recent woes dragging down tech
Many reasons we are more likely to do down than up in the short term
None of those reasons are material or actionable
Markets don't just "run out of gas" because they've been up for awhile...
6 months ago Trump was "going after" Boeing and Lockheed too...how have their stocks done?
six months from now, Facebook won’t even be a Tech company. It will be in the Media industry, which will live in the new Communication Services sector. Extrapolating broad Tech regulatory risk from its foibles seems illogical.
This will cost Republicans the House, Senate, and Presidency and we will end up with possibly Bernie Sanders. All this will be undone, taxes will go up, stocks will drop, etc...
... GOP that can't/won't take responsibility for doing their job...which basically is to protect the people and Constitution of the US...they can't run from this any longer
This will cost Republicans the House, Senate, and Presidency and we will end up with possibly Bernie Sanders. All this will be undone, taxes will go up, stocks will drop, etc...
duh .... Bernie Sanders is not a free trade advocate. He is a fair trade proponent just like Trump. Read more.
and the trade war begins as china introduces more tariffs on us , futures down almost 400 points .
nice work trump . i don't know about making america great but you sure are making us poorer .
He's doing exactly what he said he was going to do on the campaign trail, but the media was having too much fun with the 'Grab them by the...' tape to point how his trade policies seemed to be modeled on Brazil's and Brazil is not an economy any country wants to emulate.
It's not just the tariff or trade war threat that is moving the markets....
* Very long running bull market - since 2009
* Big run up of pricing since Trump took office...profit taking
* Trump's unpredictability
* Trump going after Amazon
* Facebooks recent woes dragging down tech
Many reasons we are more likely to do down than up in the short term
The "short term" really has no time limitation to it
To me, this seems perfectly set up to create long term recession
You don't include the cost of all the Fed's QE which put tremendous amount of money into the system w/o an appropriate cost...
There is an imbalance there that many economists still believe is waiting to really manifest itself
Wage growth has been stagnant really for more than a decade--
And recent signs it might be going up could be enough to cause the Fed to overreact and impose rate increases that will really cramp the economy...
People NEED discretionary money if they are to support a consumer economy AND do long term saving for items like retirement and college....w/o raises the amount of discretionary money reduces and people incur debt...apparently the percentage of delinquent car loans has been growing -- and some economists take that as an indicator that consumer debt is becoming unmanageable
Although I think the delinquent percentage of mortgage payments is not as bad as it has been...
Markets don't just "run out of gas" because they've been up for awhile...
6 months ago Trump was "going after" Boeing and Lockheed too...how have their stocks done?
six months from now, Facebook won’t even be a Tech company. It will be in the Media industry, which will live in the new Communication Services sector. Extrapolating broad Tech regulatory risk from its foibles seems illogical.
Boeing definitely not happy today...
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