US stock futures looking good
Brent back above $64
WTI back above $60
dollar is weak
commodities are bid
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US stock futures looking good
Brent back above $64
WTI back above $60
dollar is weak
commodities are bid
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hello there
good afternoon
Volatility (VIX) is up
Stock futures are deep in red
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Last edited by uls; February 13th, 2018 at 06:47 PM.
forgot to mention JPY strength across the board right now
not good
things don't look good for stocks tonight
dollar weak against all major currencies
gold up (of course)
oil down (but dollar down)
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Last edited by uls; February 13th, 2018 at 06:48 PM.
So Trump wants to impose higher taxes on steel imports
Here are the top 10 exporters of steel to the US
If Trump wants to punish China for dumping cheap steel in the US...
Well, China isn't even in the top 10
Genius Trump is gonna raise taxes on steel and aluminum imports to punish China for dumping cheap steel and aluminum on the US which caused massive job losses in the US
The problem: higher cost for US companies engaged in autos, aircraft, appliances, construction, oil&gas, utilities, food&drinks etc
Ok so buy US-made steel and aluminum
As if US steel mills and aluminum smelters can increase production to make up for lost imports
And even if they can, the price of US-made steel and aluminum will rise because the competition (imports) will become more expensive
There will be no more cheap competition to hold down prices (that's market forces dudes)
US companies will be forced to raise prices for their products -- cars, airplanes, appliances etc
Aside from that tariffs will cause retaliation
Other countries will impose higher taxes on US products which will hurt US companies
good luck USA
Last edited by uls; March 3rd, 2018 at 06:07 PM.
So if the EU retaliates
Trump will increase taxes on European cars
Things are getting interesting
protectionist, isolationist Trump is dismantling the post-WW2 liberal economic order
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Hehe love the drama
Trump tariffs on steel, aluminum came on impulse - Business Insider
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Stay hungry. Stay humble.
Stock market reacts...
Trump auto tax threat hits BMW, Daimler | Reuters
"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!"
The man has such a way with words.
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Stay hungry. Stay humble.
The US has to run a trade deficit with the rest of the world
That's the consequence of owning the world's reserve currency
The US needs to run a trade deficit to supply the world with dollars