Enormous turn and that brought us to 24,265. These trade tariffs are widening a lot. It started with steel and aluminum. Its affecting a variety of products, everything from televisions and cigarettes to plastics. You name it. Porkrelated, beef products. Soy beans, an area that they didnt want to get into that theyre into. All of this was a big stepback moment to say its bad, its coming but maybe its not coming at all. This was crazy. Youre right. Boy, just as the opening bell rang this morning at 9 30, it was looking like we were going to have one of the worst days you could see on wall street. We were down 500 points like this. A couple of things happened after that. The aforementioned larry kudlow did an interview and he shade we
wouldnt see a trade war. The markets started to come back after that. There were technical factors at play. People in support levels, held up meaning that at a certain level in a market, whether its the Dow Jones Industrial average, maybe the nasdaq or the
And the National Party is overtly hiding the data, keeping secret the data that they have a Sub Committee held a that would let any of their own hearing about the new Trump Administration policy of candidates around the country decide rationally whether they, deporting people including children in the United States too, might want to run a little for lifesaving medical treatment. Bit against trump in order to thats what the hearing was about. The Trump Administration policy save their own skin because to send people to their deaths voters dont like trump. By deporting them from the one the Republican Party would place in the world where they rather discredit their own can receive lifesaving candidates than risk any republican taking any kind of treatment. And this, this was the first stand against trump, or risking republican question asked at anybody leaking that information that hearing. In a way that might embarrass the president. That, of course, is a capital why would having an op
the trade gap with china, those are significant numbers. it is massive. you look at annual gdp growth, compare the two countries and look at the growth of china. what the people that talk about stabilizing want to do, they want to stabilize a trajectory in which we are going to lose this competition and the life of our children and the system that the united states leaves around the world is threatened by that. the trade numbers are a small fraction of it. how much money do they get in value from technology theft? how much do they get from selling sentinel to mexico that comes into the united states? transit shipping through other countries? how much do they get because
come down for instance and that helps a lot. going forwards them beyond that, the imf think the economy will recover quicker than we do, we take a different view on that, and is quite reasonable. how quickly demand will recover, the labour supply, quickly demand will recover, the laboursupply, how quickly demand will recover, the labour supply, how the quickly demand will recover, the laboursupply, how thejob quickly demand will recover, the labour supply, how the job losses will be. they take a quite more sombre view on that than we do. imilieu sombre view on that than we do. when it takes shocks sombre view on that than we do. when it takes shocks to sombre view on that than we do. when it takes shocks to the it takes shocks to the economy. you have had a look at the brexit trade numbers. the hits are coming more quickly. trade numbers. the hits are coming more quickly- trade numbers. the hits are coming more quickly. there are three things auoin on at more quickly. there are
what does this tell us, these trade numbers? the what does this tell us, these trade numbers? trade numbers? the trade numbers trade numbers? the trade numbers tell trade numbers? the trade numbers tell us trade numbers? the trade numbers tell us it - trade numbers? the trade numbers tell us it was - trade numbers? the trade - numbers tell us it was obvious, with the growth of incomes, and gdp, lowerthan with the growth of incomes, and gdp, lower than expected, also demand would be growing much less, people are not sure about their incomes, about their wages, there are salaries, there are profits due to this intermittent lockdowns, and the overall uncertainty, therefore they demand less, and therefore they demand less, and therefore they will import less because part of the chinese domestic demand, of course, goes to buy foreign goods. demand, of course, goes to buy foreign goods- demand, of course, goes to buy foreign geode demand, of course, goes to buy foreign goods- forei