China Imposes Tarrifs on 128 US imports.(update: EU imposes billions in Tarrifs on US)

[Legaltitan]

5 minutes ago, Soxcat said:

Here is the reality.  Don't buy into the fake news on this board of libtards.

https://www.bloomberg.com/news/articles/2018-06-22/trade-is-an-afterthought-in-stock-market-still-glued-to-earnings

Can't fix stupid I guess.

 

So now someone who believes higher taxes hurt the economy is a libtard? 

 

[oldschool]

Full soxcat all day every day now.

[Legaltitan]

I just want to make sure I'm clear on something: are higher taxes good for corporate profits or bad for corporate profits? 

[Legaltitan]

BTW the S&P 500 is virtually flat over the last 6 months. It's gained about 50 points or so.

Russell is up about between 1 and 2% over the last 6 months. I don't call that soaring.

[Legaltitan]

Vanguard Total Stock Market Index, which is about as broad a basket of equities as you can purchase, is up between 1 and 2% over the last 6 months.

 

 

[Legaltitan]

 

1. Do you agree with Trump's decision to impose new taxes on goods? 

 

2. Do new taxes hurt corporate profits? Why or why not?

 

3. Do consumers bear the brunt of new taxes?

 

[TheBukafax]

21 minutes ago, Legaltitan said:

 

1. Do you agree with Trump's decision to impose new taxes on goods? 

 

2. Do new taxes hurt corporate profits? Why or why not?

 

3. Do consumers bear the brunt of new taxes?

 

The tarrifs are good but the taxes are bad lmfaooooo I’m sure it’s coming

[9 Nines]

Here is am investment commentary I just received:

 

The Markets

 

What time is it?

 

The yield curve may be the pocket watch of economic indicators. It’s been around for a long time and it’s often right, but not always.

 

The yield curve is the difference between the interest paid on two-year government bonds and 10-year government bonds. In normal circumstances, an investor would expect to earn a higher rate of interest when lending money to a government for 10 years than when lending money for two years because there is more risk associated with lending for a longer period of time.

 

When the yield curve flattens or inverts, it suggests a shift in investors’ expectations. Financial Timesexplained:

 

“The slope made up of bond yields of various maturities has a record of predicting recessions that would make even the savviest econometrician turn pea-green with envy. It is not perfect, but the curve has become flat and inverted – when short-term bond yields are actually higher than long-term ones – ahead of most economic downturns in most major countries since the second world war.”

 

In the United States last week, the difference between yields on 2-year Treasuries (2.56) and 10-year Treasuries (2.90) flattened. The gap narrowed to 34 basis points (a basis point is one-hundredth of one percent). The change reflects higher short-term rates, courtesy of the Federal Reserve. It also suggests tariffs and trade issues have made bond investors more pessimistic about prospects for U.S. growth, reported The Wall Street Journal.

 

Globally, the yield curve is inverted. “The average yield of bonds in JPMorgan’s broadest Government Bond Index that mature in seven to 10 years last week slipped below the average yields of bonds maturing in one to three years for the first time since 2007…that indicates that investors have a pretty grim view of where the world economy and equity markets are heading,” reported Financial Times.

 

We’re keeping an eye on developments in the financial markets and will keep you informed. 

Edited June 25, 2018 by 9 Nines

[Rogue]

2 hours ago, Legaltitan said:

I just want to make sure I'm clear on something: are higher taxes good for corporate profits or bad for corporate profits? 

I don't think you'll get an answer, at least one that makes sense. 

 

@ben4titans, that feeling you have right now, where you're trying to figure out how to explain it away.....THAT'S cognitive dissonance.  

[TheBukafax]

3 hours ago, 9 Nines said:

Here is am investment commentary I just received:

 

The Markets

 

What time is it?

 

The yield curve may be the pocket watch of economic indicators. It’s been around for a long time and it’s often right, but not always.

 

The yield curve is the difference between the interest paid on two-year government bonds and 10-year government bonds. In normal circumstances, an investor would expect to earn a higher rate of interest when lending money to a government for 10 years than when lending money for two years because there is more risk associated with lending for a longer period of time.

 

When the yield curve flattens or inverts, it suggests a shift in investors’ expectations. Financial Timesexplained:

 

“The slope made up of bond yields of various maturities has a record of predicting recessions that would make even the savviest econometrician turn pea-green with envy. It is not perfect, but the curve has become flat and inverted – when short-term bond yields are actually higher than long-term ones – ahead of most economic downturns in most major countries since the second world war.”

 

In the United States last week, the difference between yields on 2-year Treasuries (2.56) and 10-year Treasuries (2.90) flattened. The gap narrowed to 34 basis points (a basis point is one-hundredth of one percent). The change reflects higher short-term rates, courtesy of the Federal Reserve. It also suggests tariffs and trade issues have made bond investors more pessimistic about prospects for U.S. growth, reported The Wall Street Journal.

 

Globally, the yield curve is inverted. “The average yield of bonds in JPMorgan’s broadest Government Bond Index that mature in seven to 10 years last week slipped below the average yields of bonds maturing in one to three years for the first time since 2007…that indicates that investors have a pretty grim view of where the world economy and equity markets are heading,” reported Financial Times.

 

We’re keeping an eye on developments in the financial markets and will keep you informed. 

Thanks Obama

[ctm]

The first layoffs from Trump’s tariffs are here

 

The first casualties of President Trump's trade war are 60 workers at Mid-Continent Nail, America's largest nail manufacturer. They lost their jobs on June 15 at a factory in a part of Missouri that voted overwhelmingly for Trump. The whole company could be out of business by Labor Day.

 

Mid-Continent Nail blames the layoffs on Trump's tariffs and the company says all 500 employees could lose their jobs by Labor Day. The next round of cuts could come in a matter of days.

 

The trouble for the company started at the end of May when Trump put a hefty 25 percent tariff on steel imports from Mexico and Canada. Mid-Continent had been importing steel from Mexico that American workers would then turn into nails.

 

After the tariff, the company was forced to hike its prices and customers fled. Orders are a mere 30 percent of what they were a year ago, said George Skarich, the vice president of sales. He suspects many customers are now buying Chinese nails.

 

The Tax Foundation predicts 48,585 job losses from the tariffs Trump has already enacted on imports of washing machines, solar panels, steel, aluminum and $50 billion in Chinese products. That figure would soar to over 250,000 job losses if Trump moves forward with tariffs on another $200 billion of Chinese products, the Tax Foundation said.

 

https://www.msn.com/en-us/news/us/the-first-layoffs-from-trump’s-tariffs-are-here/ar-AAza55V?ocid=spartandhp

[ctm]

The Daily Caller is a right-wing propaganda rag.  Believe it if you wish.

 

Here's how Fortune analyzed the trade agreement.

 

http://fortune.com/2018/12/03/trump-china-trade-war-deal/

[WG53]

1 hour ago, TennesseeTuxedo said:

President Trump has won yet again.

 

 

 

X

Edited December 3, 2018 by WG53

['Nator]

2 hours ago, TennesseeTuxedo said:

President Trump has won yet again.

 

 

 

 

[Justafan]

DOW Jones is an international index? Since when? 

 

Too funny.  

 

21%? Where in the world do you come up with these fantasy numbers?

 

Clearly you guys don’t own a 401k or have any stocks.