Don’t be misled by yesterday’s market rebound. The economic crisis is not over. Downturn remains likely. Trade conflict remains a threat to markets, jobs and growth. And irreparable damage has been done to US assets and the country’s standing by the recklessness and ignorance of the administration.
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#ElbowsUp
#CanadaStrong 🇨🇦
The rebound has no basis in reality.
Reduced IRS -> less tax investigation and collection.
Reduced environmental regulation -> more toxic clean up and health costs
Reduced weather service -> more damage and higher insurance
Reduced CDC -> higher disease impacts
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Dow Jones Industrial Average
39,566.72
−1,041.73 down (2.57%)today
Assumes 0% current tariffs for the sake of simplicity.
Stuff not from China = 2.90 trillion * 10% * 1/4 = 70+ billion
Stuff from China = 463 billion * 1.25 * 1/4 = 140+ billion
$200 b / 340 m folks is > $500 EACH.
-1,014.79(2.50%)
Watch …
Bc of the uncertainties created by the 🍊 2.0 admin, behind the scenes, the bond market has been very active. Several debt holders - China, Japan, EU and Canada - quietly and at a slow pace, have been unloading the US bonds.
It just means the 2nd episode only.
What do you suggest?
When he speaks, people listen.
There's a reason he's the most respected Economist in the world.
❤️🍁🇨🇦❤️
If there was ever a time for the US to have a competent educated Government - it is now!
As you needed razor like skill, the US brought braggadocio and bluster!
It will not end well.