9/24/2018 – A mixed day with the Dow Jones down 181 (-0.68%) and the Nasdaq up 6 points (+0.08%)
The stock market finds itself at an important, if not difficult, juncture. And while most heavily leveraged bulls see at least a 20% melt up, some bears are calling for an outright crash. No need to guess about what happens next. If you would like to find out what the stock market will do next, based on our timing and mathematical work, in both price and time, please Click Here.
Trump’s stupidity knows no bounds.
POMPEO ON CHINA TRADE WAR: ‘WE ARE GOING TO WIN’
Secretary of State Mike Pompeo vowed that the United States would emerge victorious in an intensifying trade war with China, a day before Washington imposes $200 billion worth of tariffs.
“We are going to win it,” Pompeo said in an interview on Fox News broadcast Sunday“. We’re going to get an outcome which forces China to behave in a way that if you want to be a power — a global power — transparency, rule of law, you don’t steal intellectual property,” he said.
Whatever you say genius. Instead, consider this hard cold reality as well.
What I Wrote to the White House about Trade & Tariffs.
The primary culprit of the ballooning US trade deficit is being purposefully obscured: Corporate America
China doesn’t force Corporate America to run its supply chain through China. This is a decision Corporate America made.
Tariffs don’t prevent trade. They just change the cost equation a little. In this manner, tariffs are a “sin tax” that provide a counter-balance and give Corporate America a different element to include in the equation. That part has gotten completely – and it appears purposefully – obscured by the White House, which is the most pro-Corporate America White House I can remember.
And the debate needs to shift to Congress, whose decision this should ultimately be.
For the rest – such as attacking China’s own policies and the uneven playing field in China – well, that’s long overdue, but it’s not the primary issue. The primary issue is Corporate America.
We have brought this up before on numerous occasions. Over 50% of the US’s Trade Deficit (some put it as high as 70%) with China has to do with American Corporations outsourcing their supply chains to China. To very quickly summarize, basically, here is what Trump is doing to the US Economy when he is fighting his deranged trade war.
Just wait when the ever so gullible BULLS figure this out.
If you would like to find out what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here.