Maybe, but my question was based upon what people on bloomberg TV, CNBC and even Steve Forbes are saying.
I am aware of the overvaluation. And QT.
My point is that apparently either the U.S. doesn’t benefit that much from putting the hammer down on China, or the aforementioned financial people are wrong.
Every talking head pontificating on business TV programs usually has a pretty good sized stock portfolio. Steve Forbes must own a ton of stocks. These people don’t care about common middle class folks. They do not want anything done to hurt their portfolio of stocks. Tariffs are certainly a short term pain, but long term yuge gain.
The TV talking heads will attack anything and everything which hurts their portfolio’s. It is the same thing with FED and interest rates. The ZIRP has caused tremendous overvaluation of hard assets and stocks and bonds. It is only trying to postpone the economic cycle. Except they are making the booms and busts magnified.