When they give you a flu shot it hurts, at first.
When I went in for shoulder surgery 9 years ago, it hurt for a few months. I’ve been a lot better than before the surgery ever since.
To make an omelette, you have to break some eggs.
I think you get my drift here. :-)
It’s a ‘Hit Job’ on Trump.......................
Who is more “deep state” than the FED? And who wants to harm President Trump? The deep state.
The IMF loves what Powell is doing because it hurts the USA.
The IMF globalist are the enemy of America. Which ask the question: Who’s side is Powell working for?
the deep state seems several levels deep if trump can’t get good personnel picks, and it seems he may still be plagued by deep state traitors. maybe they are not deep staters when appointed but relatively easy to reach by the deep state once they assume office? or, trump simply can’t find good folks? seems to me he could come to some grassroots orgs such as FR and find good folks (but what do i know...)
i had pegged the problem to the USMCA, which is tangentially connected to the US-China trade impasse...
the fed rate hike announcement was 14 days ago, so maybe trump is kicking up more kabuki dust (??) if only just until the next major market uptick (??)
and he just appointed a fed regulator allegedly counter to his views 21 days ago:
https://www.nytimes.com/2018/09/19/us/politics/fed-board-nellie-liang.html
I disagree with President Trump. I’m looking at my small portfolio. The sell off has hardly dented the increase over the past year, if you have solid stocks. Some selloff will generate profits and spending will contribute to the economy. And some seniors and near-retirees just might be putting some money in FDIC insured CDs, now that interest is going up.
Any written piece that begins by calling the President “Mr. Trump”, you know is not written by someone of pro Trump leanings or in this case, an avowed leftest a hole.
Trump is finally pointing out the difference between his economic success vs. Obama’s massive economic screw up. Obama came in at the end of a huge crash. He should have gotten a big bounce in the first year or two. He did not get that because he was at war with business. The market did go up, but that was because the Fed was so scared that it would tank that they threw trillions of dollars at the market, more than any Fed has ever thrown at a market by far. Negative rates for half a decade and buying up $4 trillion dollars worth of US bonds. So Obama had training wheels on from the beginning to the end. He was never allowed to be in charge of the economy.
Trump is fixing all the trade deals, handling the Chinese. He is fixing the taxes, wringing the last few jobs out of the employment market. And he is slowing immigration. So he is doing all the hard stuff that Obama never had the ability or the balls to do.
The media insists on describing the China Tariffs in US $$ terms. A more accurate report would include the products tariffed.
Here’s the list......
Meat: pork; beef intestine; rabbit meat; venison; frog legs
Fish and seafood:live fish including ornamental fish, trout, eels, tuna, and carp; chilled or frozen meat of various types of trout, salmon, halibut, plaice, sole, albacore, tuna, herring, mackerel, cobia, swordfish, pollack, whiting, catfish, rays, and more; various types of salted or smoked fish; other seafood including various types of lobsters, crabs, shrimps, prawns, oysters, scallops, mussels, clams, squid, octopus, conchs, abalone, sea cucumbers, and sea urchins.
Non-meat animal products such as eggs and dairy:Whey products; butter; various types of eggs including chicken; honey; hair of animals including human, hog, horse and badger; animal intestines, bladders; feathers; bones including shells, beaks, corals, hooves, antlers, and more.
Vegetables:onions; garlic; cauliflower and broccoli; cabbage; carrots; turnips; radishes; beats; cucumbers; peas of various types; beans; lentils; celery; mushrooms; peppers of various types; squash; okra; sweet corn; potatoes; sweet potatoes and yams; some types of tomatoes; spinach; Brussels sprouts.
Fruit and Nuts: Coconuts; cashews; almonds; hazelnuts; walnuts; chestnuts; pistachios; macadamia nuts; pecans; dates; figs; pineapples; guavas; oranges; mandarins; clementines; raisins; grapes; apples; pears; quinces; peaches; berries including strawberries, raspberries, cranberries, blueberries and others; bananas; a variety of dried fruits; peels of various fruits.
Cereals: wheat, including durum wheat; barley; oats; corn; various types of rice; grain sorghum; buckwheat; quinoa; and more.
Mill products: flours including those form wheat, corn, buckwheat, rice, rye, other cereals, potatoes, and bananas; groats and meal of various types including wheat, corn, oats, and rice; malt; starches of wheat, corn, potato, and more
Oil seeds: soybeans; seeds of sunflower, flax seed, sesame, mustard, poppy and more; planting seeds for certain crops; cocoas and mint leaves; and seaweeds.
Sugars and candies: cane sugar; candies with no cocoa
Breads and Pasta:uncooked pasta; various breads, pastries, cakes, and biscuits.
Prepared vegetables and fruits: various vegetables and fruits previously listen in their prepared or preserved forms; various fruit jams including strawberry, pineapple, apricot, and more; peanut butter; various fruit juices including orange, pineapple, lime, grape, apple, and more.
Other food items: soy sauce; condiments and seasonings; protein concentrates.
Beverages and vinegars: water, including mineral water; fruit or vegetable juices and juice mixes; beer from malt; wine, including rice wine; ethyl alcohol; vinegars
Food processing waste and animal feed: brans from processing; oil cakes; dog or cat food; animal feed
Tobacco products: various types and preparations of tobacco; tobacco refuse; cigars; cigarettes; smoking tobacco
Salts and minerals: salt/sodium chloride; sulfur; graphite; quartz; types of clays; chalk; slate; marble; granite; sandstone; dolomite; gypsum; some plasters; some types of cement; mica; Epsom salts
Ores, slag, and ash: ores of iron, copper, nickel, cobalt, aluminum, lead, zinc, tin, chromium, tungsten, uranium, titanium, silver, other precious metals, and others; slag, various types of ash.
Mineral fuels and oils: coal; lignite; peat; coke; tars; various types of light oil; various types of kerosene; petroleum oils; liquefied fuels including natural gas, propane, butane, ethylene, and petroleum; oil shale and tar sands
Inorganic Chemicals: chemicals such as chlorine, sulfur; carbon, nitrogen, oxygen, and silicon; acids including sulfuric, nitric, and more; various types of fluorides, chlorides, sulfates, nitrates, carbonates, and more. (See full list below.)
Organic chemicals: (See full list below.)
Fertilizers: animal or vegetable fertilizers; urea; ammonium sulfate; sodium nitrate; and more.
Tanning and drying extracts, dyes, and paints
Essential oils, perfumes:perfume; lip or eye make up preparations; manicure or pedicure products; shampoo; hairspray; bath salts.
Soaps and cleaning products: various types of soap; leather and textile treatments; polishes for shoes and furniture.
Glues, adhesives, and enzymes
Cigarette lighter fluid
Photographic goods: various types of photo plates; instant film; various types of film in rolls; various types of motion picture film.
Various chemical products: pesticides; herbicides; fungicides
Plastics: vinyl flooring and other plastic floor and wall coverings; sausage casings; bags; gloves including baseball gloves; rain jackets; machinery belts.
Rubber: latex; rods, tubes, and other products; conveyor belts; various types of transmission belts; various types of pneumatic tires; gloves; gaskets; dock fenders.
Raw hides and leather: animal skins including cow, buffalo, sheep, goats, reptile; various types of leather made from cow, buffalo, sheep, goats, reptile; leather trunks and suitcases; leather handbags; CD cases; gloves including ski, ice hockey, and typical use; belts; fur clothing, incluidng artificial fur.
Wood: fuel wood; charcoal; various types of wood including oak, beech, maple, ash and cherry; moldings; rods; particleboard; various types of plywood; doors; corks and stoppers; wicker and bamboo baskets.
Wood pulp products
Paper: Newsprint; writing paper; vegetable parchment; carbon paper; self-adhesive paper; cigarette paper; envelopes; tablecloths; handkerchiefs; folders.
Silk
Wool or animal hair products: cashmere; yarns; tapestries and upholstery.
Cotton: fibers; thread; yarn; denim; satin.
Flax: yarn; fabrics
Man-made textiles: polypropylene; rayon; nylon; polyester
Other textile products, rope, twine: hammocks; fish nets; carpets;
Fabrics: corduroy; gauze; terry towel; lace; badges; embroidery
Headgear: caps; hairnets; wool hats; head bands.
Stone, plaster, cement, asbestos: stone for art; marble slabs; roofing slate; millstones; sandpaper; floor or wall tiles; cement bricks.
Ceramics:fire bricks; pipes; tiles; porcelain and china.
Glass and glassware: balls; rods; drawn or blown glass; float glass; tempered safety glass; mirrors; carboys, bottles, jars, pots, flasks, and other containers; microscope slides; woven fiberglass
Precious stones and pearls: industrial diamonds; silver and products made of silver; gold and products made of gold; platinum; palladium.
Iron and steel and products derived from the metals:drums; tubes; pipes; doors; windows; screws; horseshoes;
Copper: plates; cables; tubes; pipes; springs
Nickel: bars; rods; wires
Aluminum:powder; cable; wire; screws.
Various metal products, tools, cutlery: industrial items made from lead, zinc, tin, and more; saw blades; bolt cutters; hammers; wrenches; crow bars.
Machinery, both industrial and retail: steam turbines; engines; fuel-injection pumps; air compressors; air conditioning machines; refrigerators; cream separators; hydraulic jacks; escalators; manure spreaders; copiers; automatic beverage-vending machines
Electronics: vacuum cleaners; hair clippers; spark plugs; generators; bicycle lights; electric amps; television cameras; various types of TVs; video projectors.
Vehicles and parts: axles; driving shafts; gear boxes; radiators.
Parachutes
Ships and boats: sailboats; motorboats; canoes; yachts.
Instruments for scientific or medical purposes: microscopes; cameras for non-art purposes; gauges for pressure, electrical currents, and more.
Clocks and watches
Furniture, bedding, mattresses: car seats; wood chairs; furniture designed for offices, kitchens, and more; mattresses; chandeliers; lamps.
Assorted items: buttons; stamps; paintings; collections of zoological, botanical, mineralogical, anatomical, historical, archaeological interest
What does “loco” mean? Some urban slang?
The market is uncertain about the mid terms. They think the house is in doubt.
Just my opinion.
This is not a surprise. Deep State owns the FED. I have said from the day Trump first bragged about the market, that an October surprise, right before midterm would probably be engineered.
In 2007, I reduced my meager stock holdings by 50%, so the 2008 crash was not a big deal to my investments.
It’s time to do the same again. I have already moved about 10%. I also like to purchase Am. silver eagles when the price of silver dips.
That’s for long term holding - good gift for kids and grandkids when I kick the bucket, and in the interim, a hedge in case SHTF.
In other countries, the central bank is part of the Government. In USA, the people wanting a central bank, planned it, got the bill through congress, but they pretended in public to be against it-cause they were banksters.
However, whenever a Central Bank is part of the Government, it has not seemed to make them any better than our FED. Corruption is rampant in governments all over the world.
Based on past observations, nothing spurs the Fed into action like wage gains for America’s hourly workers. That’s a sign of inflation, don’t you know. And in Trump’s economy, hourly workers are realizing their first significant gains in many years and the Fed just can’t abide that so they have to hit the brakes.
bmp
Dropping interest rates is a tool to give an ailing economy a boost. If you keep interest rates at zero, you lose having that tool when you need it. The time to raise rates is when the economy is strong, like now.
I sold my AMD yesterday and will wait. In the next 2 weeks their earnings report comes out Oct 24. Should be good news.
I think it will be a good stock but am hoping it falls some more so I can buy more later : )
I use to own Nvidia and sold at $274. It went to about $294 recently and today is $235 just 10 days later !!!