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The recovery from the March crash was so emphatic that I can't imagine this little dip being much more. If you look at previous recent dips, I think we're done. Buy now and enjoy a 4% move upward until the election results is clear. If Trump wins, the stock market goes up another 10% in short order. If Biden wins, expect trouble because nobody on Wall Street wants socialism.
I'm not so sure that a Biden win would be that bad for the market. Companies are not too enthralled with how the Trump administration has handled the situation with China.
I'm not so sure that a Biden win would be that bad for the market. Companies are not too enthralled with how the Trump administration has handled the situation with China.
Exactly, China's middle class will be the break or make for our companies to continue posting double digit growth. Trying to force China to block American businesses there would destroy our economy long-term. It would also prevent a huge boom for our businesses too.
Exactly, China's middle class will be the break or make for our companies to continue posting double digit growth. Trying to force China to block American businesses there would destroy our economy long-term. It would also prevent a huge boom for our businesses too.
Yeah, I don't quite get the idea that so many have that our dealing with China is so simplistic. We throw a bunch of tariffs on them and they acquiesce to whatever we want; we do a victory dance and everything is fine.
That is great if you are writing a script for a reality show. But real life is much different.
I think the indexes will make a run at recovering the 50-day moving average. Fed balance sheet had been flat for a couple of months, but 44 billion dollars in mortgage-backed securities purchases over that time settled on Wednesday which resulted in an infusion of cash.
There has not been a bigger stock market and economic destabilizer than the implementation (or even talk) of tariffs. Market tanked in 2018 when tariffs were announced never to regain solid footing - volatility ensued, havoc unleashed on international supply chains, farmers so negatively impacted that bailouts were implemented which compensated a mere fraction of their losses - with smaller farmers suffering the worst, US companies moved US-based operations for certain of its products with strong overseas markets out of the US to circumvent tariffs. The list is long.
Tariffs along with the deficit ballooning tax cuts inflicted a double whammy to financial strength of the US, artificially inflating the stock market at the same time deficit spending/debt soared, final nail in the coffin is COVID. The only thing preventing a collapse are zero/low interest rates. God forbid the US has to pay 4-5% on its long-term borrowing. Doesn't bear thinking about. I've read many predictions on repricing of debt. It's not a matter of if....
Exactly, China's middle class will be the break or make for our companies to continue posting double digit growth. Trying to force China to block American businesses there would destroy our economy long-term. It would also prevent a huge boom for our businesses too.
The intent is to spur manufacturing and factory jobs in US. I feel it is a great move because US don't want to be ensnared later on to the whims of China's pricing because we are completely dependent on them.
The intent is to spur manufacturing and factory jobs in US. I feel it is a great move because US don't want to be ensnared later on to the whims of China's pricing because we are completely dependent on them.
No, it’s 2020, and the rocket of globalism has reached apogee without making orbit.
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