Something to consider are the timing of impacts of tariffs on the stock market and on inflation. The impact on the stock market is immediate, aided in part by market already being overpriced (ironically due to investors thinking trump was going to supercharge growth). The impact on inflation will take a bit longer to trickle thru and imp…
Something to consider are the timing of impacts of tariffs on the stock market and on inflation. The impact on the stock market is immediate, aided in part by market already being overpriced (ironically due to investors thinking trump was going to supercharge growth). The impact on inflation will take a bit longer to trickle thru and impact us.
Going back and reviewing Fed Reserve data on family wealth, note the wealthiest 10% own over 85% of stocks owned by Americans. The impact of the market crash is not so important to the majority of Americans, who have much more of net worth, if any, tied up in their homes.
Tariff induced Inflation on the other hand will hurt the middle class and the poor so much more. Until inflation starts impacting day to day life, many Americans will be indifferent to this foolish trade policy.
ps. my wife and I are watching Chris Hayes while I multitask. Watching his report that Pete Navarro may be behind the formula trump used to set tariff rates. Figures. Before he became the self proclaimed guru of trade policy, Navarro once upon a time presented himself as the national expert on electric deregulation. He provided advice to the state of California on how to implement deregulation of electric markets. It failed, California nearly went bankrupt and Gray Davis was impeached. Knucklehead wasn't satisfied with possibly crushing California's economy, now his misguided advice may tank the US economy. End of rant.
Peter Navarro is nothing short of a menace to society. IOW, perfect fit for Trumpworld. Another Trumpworld financial phony I saw on CNN, Stephen Moore, was trying to say Trump is the best negotiator this nation, if not the world, has ever seen. It'll be only a few months before scores of jobs and manufacturing is re-shored from overseas. Whatever pain people will feel is very temporary, and all that's needed is patience and belief in Trump's dealmaking genius. IOW, just buck up, America. Peter and Stephen are not very smart, but they're happy to shill on TV.
Something to consider are the timing of impacts of tariffs on the stock market and on inflation. The impact on the stock market is immediate, aided in part by market already being overpriced (ironically due to investors thinking trump was going to supercharge growth). The impact on inflation will take a bit longer to trickle thru and impact us.
Going back and reviewing Fed Reserve data on family wealth, note the wealthiest 10% own over 85% of stocks owned by Americans. The impact of the market crash is not so important to the majority of Americans, who have much more of net worth, if any, tied up in their homes.
Tariff induced Inflation on the other hand will hurt the middle class and the poor so much more. Until inflation starts impacting day to day life, many Americans will be indifferent to this foolish trade policy.
ps. my wife and I are watching Chris Hayes while I multitask. Watching his report that Pete Navarro may be behind the formula trump used to set tariff rates. Figures. Before he became the self proclaimed guru of trade policy, Navarro once upon a time presented himself as the national expert on electric deregulation. He provided advice to the state of California on how to implement deregulation of electric markets. It failed, California nearly went bankrupt and Gray Davis was impeached. Knucklehead wasn't satisfied with possibly crushing California's economy, now his misguided advice may tank the US economy. End of rant.
Peter Navarro is nothing short of a menace to society. IOW, perfect fit for Trumpworld. Another Trumpworld financial phony I saw on CNN, Stephen Moore, was trying to say Trump is the best negotiator this nation, if not the world, has ever seen. It'll be only a few months before scores of jobs and manufacturing is re-shored from overseas. Whatever pain people will feel is very temporary, and all that's needed is patience and belief in Trump's dealmaking genius. IOW, just buck up, America. Peter and Stephen are not very smart, but they're happy to shill on TV.