(05-31-2019, 05:09 PM)Otter Wrote:(05-31-2019, 04:15 PM)fenders53 Wrote: OK, I didn't see assessing more tariffs to other nations coming. Make a new trade deal with Mexico and then threaten huge tariffs a few months later? This is an unpredictable mess with potentially dire consequences.
With oil prices plunging, tariffs with our largest trading partner is the last thing my state's economy needs. You'd think 38 electoral votes and Ted Cruz's uncharacteristically narrow 2.6% margin of victory in the 2018 Senate race would advise caution as to anything that could upset the economic apple cart. Between that and potentially devastating auto/part manufacturers in swing states that delivered the narrow electoral college victory in 2016, it seems like a pretty boneheaded political move, economics aside.
(03-14-2020, 08:18 AM)rayray Wrote: Maybe this coronavirus will throw the U.S. into a recession.
Personally, I think this is all done by winter and the market recovers--it might be flat to slightly negative but I don't think we finish deep in the red from last year highs. We might have several months of buying opportunities with a really good 2021.
Stay healthy!!
There will be a brief recession. It's inevitable when the country is closed for business for months. Zero interest rates can fix it, but they can't stop it. That's the biggest problem with our nation's response to the crisis. We squandered valuable time not preparing. This is Trump's "Katrina". Until yesterday we were being briefed on economic plans to save the stock market, and of course 'wash your hands". Even yesterday during the press conference oil prices are being discussed when major parts of the country are terrified. That was an "oh just wow" moment for me. My elderly mother is scared. She isn't so concerned with fracker profit margins and FED actions right now.