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Joined: Nov 2005
Posts: 1,953 Likes: 95
Top 200 Poster
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Top 200 Poster
Joined: Nov 2005
Posts: 1,953 Likes: 95 |
The stock market is going down again. You ain't seen nothing yet. And the tariffs against China are still going up ... now 145%. If this goes on at the same rate it did during the past days, we'll be at 500% by the end of the month. China is the second largest holder of US treasuries! I read somewhere that if China dumps US treasuries, stock valuations come under pressure, mortgage rates rise which will cool the housing market and consumer spending and Federal borrowing costs will surge, straining an already ballooning deficit. Trump better be careful what he is doing.
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"The music industry is filled with risk takers, but not so filled with people who educate themselves before taking the leap." –Brian Austin Whitney
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