Wallace is now the economic expert declaring the markets fell from the tariffs. Of course it had nothing to do with out of control spending or raising the interest rates, he knows exactly why the Dow fell.
Maybe he can tell us what the market will do next week since he is the expert.
I'm wondering, did those teens had Tide Pods for Breskfast today?
This is the meme of the trade war. Wallace seems to ignore the fact that China places much higher tariffs on imports from us and they steal our intellectual property. The globalists like the current arrangement, which increases corporate profits and destroys the American worker. Fair and reciprocal trade is the answer.
China would be a fool to start a trade war with the US given their huge trade surplus with us, the world's largest and most lucrative market. The US is placing tariffs on $60 billion in Chinese imports and their tepid response is to put increased tariffs on $3 billion of our exports. The US exports $100 billion to China and imports $600 billion from China. We have all the leverage. The Chinese would be committing economic suicide and risk civil unrest if they were to start a trade war. They have much more to lose.
Yes indeed, the Yield curve in flat lining, will not be long before it is inverted and then the Poop will hit the fan