Markets Grapple With Debate Debacle, EU Tariff Threat, China Antitrust Probe Into Google
“If the US presidential debate had, in election night fashion, flashed up a picture of
“If the US presidential debate had, in election night fashion, flashed up a picture of
Now that’s a potential tragedy.
Maybe it only exists in Wilbur’s dreams.
“…we’re going to have to do things that are very bad for them”.
“The person… cautioned there is always uncertainty” around Trump and tariffs.
“The mutual imposition of countermeasures would only inflict damage on businesses and citizens on both sides of the Atlantic”.
“If the US chooses to impose sanctions, it would be an economic and political error”.
“Tariffs only have a positive impact on the US”.Â
The supplemental list includes items like frozen hams, fruit mixtures, coffee and uncooked pasta.
“This was a momentum shock, not a structural slowdown.”
“Totally unjustified” and “greatly exaggerated.”
“We intend for this package of tariff reductions to mark just the beginning of a
The incorrigible ‘tariff man’ won’t be denied.
“We always get f***ed by them”.
As if pushing on a string weren’t futile enough…
“All of this impeachment nonsense” and what not.
As bad as it was on Wall Street, it was worse across the pond.
“A whole new level of monetary debauchery”.
There’s little here to suggest the malaise is likely to clear.
You can hardly blame anyone who’s nervous
“…this does not necessarily lead to a healthy and sustainable economy”.
Tasseography Tuesday!
“Or to spell it out”…
But for how long?
“In the next recession, I would expect the P/E to bottom at about seven times, a lower low with earnings about 30% lower because of the recession. That would put the S&P lower than the 666 low of the previous crash, versus 2671 Thursday afternoon.”
Don’t poke that dragon.
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