Trump: I’m Not Backing Down Because ‘It’s Called NAFTA’ And Europe Sends Cars ‘Like Water’
So the narrative on Monday appears to be that Trump is going to ultimately be forced to adopt a more conciliatory stance on trade. That's a continuation of the narrative from last week, the only difference being that stocks are up midday as opposed to down.
Let me remind you that everyone was saying the exact same thing on Thursday evening (i.e. that Trump's bark was worse than his bite) and then he woke up before dawn on Friday and doubled down on Twitter ("trade wars are good and easy to win"
If I was Nassim Taleb, I’d say: charlatan, but I’m not, and I’m going to say it anyway
Those European cars made in S. Carolina, Kentucky, and Alabama are the problem so maybe we should tariff those states in the USA …….ah……ah…….. well sh*t…………….Our “Liar in Chief” is also an idiot as the republicans do NOTHING except take apart Dodd/Frank, yep, that will sure help our bloated banks bloat some more. What a country, what a joke.
Trump laughs as Rome burns.
Reports that BMW is cancelling its new car plant in America.
And the massive contract for 1800 new passenger jets to So China Airlines was surprisingly awarded to Airbus instead of Boeing, which before had been widely expected to win on price.
That perked-up European stocks this afternoon, which had been deeply in the red this morning. Meanwhile US stocks are down in the red while the US dollar remains comatose despite being massively pounded for days already (actually, make that down 20% over 14 months).
oops so that might be just a wee premature…lol…….