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Re the Dow: Never mind ...... the Dow just opened and is up 98 points as of 10am.
What's interesting is that most reasonable economists and financial guys have said since January that the Dow should be trading between 25000 and 26000 and was overvalued prior to the current sessions where it has been trading fairly consistently within that range, although markets have been highly volatile.
I think its correct to wait and see how the tariff's are implemented. Brangham, in the PBS interview, mentioned this too. He mentioned that the current administration's pressure on China likely produced actions re NK on China's part that precipitated talk from Un about denuclearizing the Korean Peninsula/meeting with Trump.
He saw the tariff approach in a similar light. There is overwhelming evidence that China has more or less fucked the US with monetary and trade policy with previous administrations (Bush and Obama) taking it up the ass so as not to ruffle China's feathers.
Last week, following the announcement that Xi would face no term limits, Xi spoke of establishing a new framework for trade with other nations. That positive statement could be either helped or hindered by the tariffs. Regardless, some observers think that putting pressure on China, as the Trump administration is clearly doing, could produce positive or negative outcomes that can't be predicted today.
Economic advisers that have DJT's attention right now are aggressive trade policy advocates. The last time a sitting president harbored protectionist and mercantilist
views with respect to global trade the country's Commander and Chief was Herbert Hoover, who led the US into the Great Depression.
What's interesting is that most reasonable economists and financial guys have said since January that the Dow should be trading between 25000 and 26000 and was overvalued prior to the current sessions where it has been trading fairly consistently within that range, although markets have been highly volatile.
I think its correct to wait and see how the tariff's are implemented. Brangham, in the PBS interview, mentioned this too. He mentioned that the current administration's pressure on China likely produced actions re NK on China's part that precipitated talk from Un about denuclearizing the Korean Peninsula/meeting with Trump.
He saw the tariff approach in a similar light. There is overwhelming evidence that China has more or less fucked the US with monetary and trade policy with previous administrations (Bush and Obama) taking it up the ass so as not to ruffle China's feathers.
Last week, following the announcement that Xi would face no term limits, Xi spoke of establishing a new framework for trade with other nations. That positive statement could be either helped or hindered by the tariffs. Regardless, some observers think that putting pressure on China, as the Trump administration is clearly doing, could produce positive or negative outcomes that can't be predicted today.
Economic advisers that have DJT's attention right now are aggressive trade policy advocates. The last time a sitting president harbored protectionist and mercantilist
views with respect to global trade the country's Commander and Chief was Herbert Hoover, who led the US into the Great Depression.
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