With all due respect Mish, while not a fan of #Trump, I don't think he had much of a choice in this situation. The turmoil at the airports could have broken our economy and/or lead to a fatal air traffic disaster. What would you have had him do instead?
Regardless of whether you think #Trump is right or wrong about the #tradewar, I think we can all agree that he won't back down. So if that's the case, it's better to be on the winning end. So the real question is, how do we win it?
My concern is that #China has room to grow but #Trump seeks to limit that growth. #Energy is important, but is not the only factor. Trump's tariff war is an attempt to bully the weak, but China is far from weak. It is America that is weak. Trump is miscalculating. Here is proof: www.talkmarkets.com/.../mengs-arrest-vs-the-rule-of-law
Update 5: #iPhones are inferior to #Samsung and #Huawei. Poor cameras, can't handle heat. The list of best phones is in the article. And iPhones are overpriced. The cult of #Apple, the cult of #Tesla, the cult of #Trump may all be failing. The cult of America is a cult of power. Prosperity is more important than power. China appears to want prosperity more than power. Power without prosperity is doomed to failure.
Since when has inflation surfaced when commodity prices are at all time lows? I get that the #tradewars can ignite inflation If #Trump does not fix the disaster he started.
I agree that #Trump is a dreadful human being. Personally I can't think of a single positive thing to say about him personally. But I was under the impression that Wall Street and business in general were supportive of Trump and his policies.
Sadly the market can go much lower, especially since oil collapsed soon after #Trump begged Saudi Arabia to lower oil which is now lower partially to kill US #oil production increases. As a warning to Trump, be careful what you ask for. US oil drillers should be furious besides big oil. Exxon and Shell are fine regardless of where oil goes in the short term. Expect Texas and other oil states to hurt.
Although oil isn't the main factor in the decline, it certainly will affect the US going forward. It is also a proxy for US health going forward. If Americans cut oil production that bodes poorly for consumption of everything else.
The market hasn't slowed the economy, #Trump has. However, it may not encourage the Federal Reserve. If mass tariffs on autos and electronics is unveiled, it will not just slow the US economy, but it will cause inflation which will force the Federal Reserve to raise rates despite a slower economy. Trump is doing himself no favors if he wants the Federal Reserve to stop the rate hike. This scenario can point to higher rates and a slowing economy with inflation. Sadly, a businessman should know this.
This is partly #Trump tariffs. It will get a lot worse. Trump wants to put a tariff on IPhones. He will drag what he sees as traitor companies down. He has nihilistic tendencies. He is in Lala land, a fantasy place.
Great article. Truth is, #Trump does live in the past. He wants three models of cars on the road, #Ford, #GM, and #Dodge. He wants the world weakened while the USA is strong, like after ww2. He wants cheap oil prices to spur Americans to buy holiday gifts, like before #OPEC. He wants men to be superior to women. He toys with Fascism like it somehow worked when it didn't. He wants China and Europe to submit like in the old days. Many older people live in the past, in their glory days. But it isn't healthy, mentally, nor is it good for the nation.
Ben Bernanke Killed The World Economy
#Trump's productivity growth is hardly normal. France has much larger productivity growth than the US. France! Trump is stuck in low productivity just like #Obama was. talkmarkets.com/.../trickle-down-didnt-work-for-trump-bush-and-hoover-heres-why
Trump Still Proclaims "We Will Build the Wall"
With all due respect Mish, while not a fan of #Trump, I don't think he had much of a choice in this situation. The turmoil at the airports could have broken our economy and/or lead to a fatal air traffic disaster. What would you have had him do instead?
Jim Cramer Slides To Dark Side On China Tariffs
Regardless of whether you think #Trump is right or wrong about the #tradewar, I think we can all agree that he won't back down. So if that's the case, it's better to be on the winning end. So the real question is, how do we win it?
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence
My concern is that #China has room to grow but #Trump seeks to limit that growth. #Energy is important, but is not the only factor. Trump's tariff war is an attempt to bully the weak, but China is far from weak. It is America that is weak. Trump is miscalculating. Here is proof: www.talkmarkets.com/.../mengs-arrest-vs-the-rule-of-law
3 reasons for the USD weakness
Good article and rather troubling. What's the solution? Would it be better for #Trump to abandon the trade war?
Meng's Arrest Vs. The Rule Of Law
Update 5: #iPhones are inferior to #Samsung and #Huawei. Poor cameras, can't handle heat. The list of best phones is in the article. And iPhones are overpriced. The cult of #Apple, the cult of #Tesla, the cult of #Trump may all be failing. The cult of America is a cult of power. Prosperity is more important than power. China appears to want prosperity more than power. Power without prosperity is doomed to failure.
A Look Into The Belly Of The Bear
Do you blame #Trump for the political instability? And do you think anything will change while he is president?
The Arrival Of The Credit Crisis
Since when has inflation surfaced when commodity prices are at all time lows? I get that the #tradewars can ignite inflation If #Trump does not fix the disaster he started.
No, Mr. President, there isn’t a Santa Claus
I agree that #Trump is a dreadful human being. Personally I can't think of a single positive thing to say about him personally. But I was under the impression that Wall Street and business in general were supportive of Trump and his policies.
How Low Can The Market Go?
Sadly the market can go much lower, especially since oil collapsed soon after #Trump begged Saudi Arabia to lower oil which is now lower partially to kill US #oil production increases. As a warning to Trump, be careful what you ask for. US oil drillers should be furious besides big oil. Exxon and Shell are fine regardless of where oil goes in the short term. Expect Texas and other oil states to hurt.
Although oil isn't the main factor in the decline, it certainly will affect the US going forward. It is also a proxy for US health going forward. If Americans cut oil production that bodes poorly for consumption of everything else.
Trump Blinked, The Fed Blinked And The Powell Put
#Trump blinked? He literally got concessions at the cost of his own self imposed tariffs. Which was the plan. Absurd
Tie-Breaker
The market hasn't slowed the economy, #Trump has. However, it may not encourage the Federal Reserve. If mass tariffs on autos and electronics is unveiled, it will not just slow the US economy, but it will cause inflation which will force the Federal Reserve to raise rates despite a slower economy. Trump is doing himself no favors if he wants the Federal Reserve to stop the rate hike. This scenario can point to higher rates and a slowing economy with inflation. Sadly, a businessman should know this.
GM And GE Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In Huge Trouble
This is partly #Trump tariffs. It will get a lot worse. Trump wants to put a tariff on IPhones. He will drag what he sees as traitor companies down. He has nihilistic tendencies. He is in Lala land, a fantasy place.
How President Trump Is Undermining U.S. Oil Producers
Great article. Truth is, #Trump does live in the past. He wants three models of cars on the road, #Ford, #GM, and #Dodge. He wants the world weakened while the USA is strong, like after ww2. He wants cheap oil prices to spur Americans to buy holiday gifts, like before #OPEC. He wants men to be superior to women. He toys with Fascism like it somehow worked when it didn't. He wants China and Europe to submit like in the old days. Many older people live in the past, in their glory days. But it isn't healthy, mentally, nor is it good for the nation.
The Share Repurchase Bubble
Also, the real bubble is the #Trump Corporate Tax cut bubble. That is going to pop big time once the Dems get control again.