Short-term finance is great for short-term speculators. But it is bad for business. You can’t build a real, prosperous economy with overnight money.
Setting artificially low interest rates made the downtrend worse. Growth slowed further. The Swamp deepened. The empire grew bigger and more corrupt.
The Democrats were early adopters of the ‘deficits don’t matter’ flapdoodle. Once in power, Republicans found it useful, too.
How to beat Trump at his own game? The question has been gnawing at the guts of the Democratic party for the last two years.
Politics is the enemy of civilisation. It is the enemy, too, of economic progress. Most important, it is the enemy of dignity and clear thinking.
Hot money is only useful for speculators. They can use it to take leveraged positions in stocks and bonds — where they know they can unload them and get out at a moment’s notice.
Buying stocks or houses may have been a good plan for 1982. And maybe even 2002. But for 2019? Is the pattern of the last 30 years likely to continue?
Stocks couldn’t decide where to go yesterday. Up? Down? So, they went nowhere. Nowhere is about as good as it gets in this market.
If Mr Trump is right, Americans no longer want free trade; they want protection from it. And if the Democrats are right, they want protection from free enterprise, too.
The risk of a crash is impossible to calculate precisely or reliably. But for what it is worth, our indicators are flashing red.
Retail sales are headed down. GDP growth. Industrial production. Hours worked. New hires. Manufacturing new orders. Construction spending. All down…
Trading options is a process. And if you want to be in the options market for any length of time…you have to do it the ‘right way.’
Naturally, the foreigners are learning not to trust US suppliers…and are looking for essential inputs elsewhere. Win-lose again…with little chance that the US will be a winner.