Trade Wars Would Wipe Out Tax Cut Benefit For S&P 500 EPS
“The only major nation that seems to want to destabilize the global trading system is the U.S.”
“The only major nation that seems to want to destabilize the global trading system is the U.S.”
Don’t poke that dragon.
“So, he’s proud. I said, ‘Wrong, Justin, you do.’ I didn’t even know. … I had no idea. I just said, ‘You’re wrong.’ You know why? Because we’re so stupid”
So that’s amusing and I’m not entirely sure that’s what Trump had in mind. Or who knows, maybe a “very stable genius” has thought all of this through and talked about it with his best friend Xi who “some people call the king of China.”
“But two things are absolutely clear about the “why” of this $15 trillion calamity. To wit, it was not caused by some mysterious loss of capitalist enterprise and energy on America’s main street economy since 1975. Nor was it caused—contrary to the Donald’s simple-minded blather—by bad trade deals and stupid people at the USTR and Commerce Department.”
“…what more evidence do you need that the financial markets are completely uncoupled from reality and that these feeble bounces between the 50-day and 20-day chart points are essentially the rigor mortis of a dead bull?”
Headlines aplenty and a man on fire.
A bit of calm amid the still-brewing storm.
Ok, let’s just step back for a second and take stock of everything that’s happened in the past 72 hours.
U.S. trade policy is “on a troubling path.”
And the hits just keep comin’.Â
Believe it or not, that’s actually an “in defense of Trump” comment.
“The global trading system’s newly activated one-man wrecking crew was at it over the weekend.”
Days like today are always amusing to the extent they bring out the Don Quixote in people.
“Nationalism is war.”
Donald Trump is up and he wants you to know that he’s got trade on his mind.
This is not going to be for the faint of heart.
Allow me to present a juxtaposition for you.Â
Well, the “reviews” continue to pour in…
Put away your jingoism for a minute and ask yourself if you honestly believe that rolling back what you see in the chart below is really going to help middle America…
Hint: there’s a moron in charge of U.S. trade policy.
It’s deeper than residential washing machines, folks.
Damn, John. Happy trails.
“Yes, is this customer service? I’d like to report an outage in the magic money machine.”
All eyes on (geo)politics. And Canada. Of course.
“And I know more about wedges than any human being that’s ever lived.”
Headlines aplenty.
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