Just when you think it can't get any worse. (3)
He calls them tariffs; but they're taxes for US to pay, so Trump can afford to help our poor billionaires get more corporate welfare.
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Not affected to my country nor my business, so let him do whatever he want. As long as he not put high import tax on cinnamon, black pepper, coconut, ginger and my other agro commodities.
Let him be happy, before another 10-15 Stormy come out.
Let him be happy, before another 10-15 Stormy come out.
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Created: Mar 2018
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He's the guy who pushed Bush into invading Iraq.
If that isn't bad enough, Trump slaps a third import tariff on China. This time for technology. First it was washing machines and solar panels, that was strike 1, then it was steel & aluminum, that was strike 2, this one is strike 3, In baseball that means You're Out!
Man it gets boring being right all the time.
I'd be willing to bet that Trump doesn't even know that China is our biggest US Treasury Bond holder in the world.
Well, I hope none of you are thinking of buying a house because you're gonna be in for a shock when you go to shop for a mortgage. When China starts dumping our debt on the world market you'll be lucky to even GET a mortgage. Banks are not going to be too anxious to lock themselves into a 15 or 30 years long loan rate that will be lower than what they can earn by more liquid short term products.
I think it's probably even too late for Larry Kudlow to straighten this mess out. SMH.
In case you don't follow the gyrations on Wall Street:
Dow 23957.89 -724.42 (-2.93%)
Nasdaq 7166.67 -178.61 (-2.43%)
SP 500 2643.69 -68.24 (-2.52%)
10-yr Note +18/32 2.818
NYSE Advances 534 Declines 2431 Vol 950.0 mln
Nasdaq Advances 584 Declines 2385 Vol 2.33 bln