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Trading practices, it s illegal trading practices. they re stealing our intellectual property rights. china has been getting away from this for decades. and i think it s going to generate very positive results, which will grow our american economy. tom stire is a billionaire democratic donor calling for the impeachment of president trump. so the president believes these new tariffs will help the american economy, and you heard from kudlow, he believes it, too. do you agree? well, fred, i don t agree and the u.s. stock market doesn t agree, and there are no economists who agree. the fact of the matter is this is an ill-considered, reckless and dangerous move that the president has made, and of course we re within days of a trade war. how about give it time? well, the fact of the matter is, what we ve seen in wars ....
one thing about the stack market and the bottom market is the fact that not only is the tax reform bill going to increase the budget deficit, but so will this budget deficit signed by the house and the president. we re going to start to see $1 trillion a year deficits at a time when the feds are raising rates, when the feds are no longer buying bonds like it has over the last 100 years, and that s an environment that could be a deficit for the economy. and when the feds had to do what they did, it s no longer in a position to do what it did and can t even try with deficits this large. when the president said it was good news and had good reactions, we know when strong unemployment reports come in and employment goes up and wages go up, we know the stock market doesn t always reacts to that because great news for wage earners is not always great news for investors. if we re at a time when the economy domestically and ....
Profits and they re already at record levels. which does help stock investors. one thing about the stack market and the bottom market is the fact that not only is the tax reform bill going to increase the budget deficit, but so will this budget deficit signed by the house and the president. we re going to start to see $1 trillion a year deficits at a time when the feds are raising rates, when the feds are no longer buying bonds like it has over the last 1100 years, and that s an environment that could be a deficit for the economy. and when the feds had to do what they did, it s no longer in a position to do what it did and can t even try with deficits this large. when the president said it was good news and had good reactions, we know when strong unemployment reports come in and employment goes up and wages go up, we know the stock market doesn t always reacts to that because great news for wage ....
Employment goes up and wages go up, we know the stock market doesn t always reacts to that because great news for wage earners is not always great news for investors. if we re at a time when the economy domestically and globally begins to overheat and the federal reserve has to raise rates more aggressively because they fear the onslaught of legislation. japan and china may be talking about that soon. if global interest rates start to rise, which they ve already begun to do, that impairs stock prices and two things create bear markets and stocks over the course of history. rising interest rates and the onset of war. we re getting rising interest rates, and some of that, which we saw last week, caused some huge unwind in certain trades. anyone who has gone out to get a mortgage has realized in the last few weeks we ve seen ....
The next eight months or nine months to persuade voters that trump antics aside, the united states was doing well. i hope that the stock market doesn t continue to tank, but if it does, if there s a serious correction or if americans don t feel that the tax cuts that they were promised weren t all that they had been trumped up to be, so to speak, then the case for voting republican is going to be extraordinarily slechnder, thers no question that all of the energy, all of the moral enthusiasm is on the democratic side. i would just caution, and this may be simply a truism, but nine days is a long time in politics and nine months is an eternity. and in the era of trump, i would say nine hours is long hours in politics. what you would do to try to fight the republicans on the tax ....