Reply to Trump tariffs: ruin U.S. economy until 2040

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bookmarking this and going to come back in December. All this speculation isn’t worth anything. The shelves were supposed to be empty and the S&P was supposed to be at 3,000 according to the sky is always falling crowd on here. Gas prices and housing prices are down so the only leg of inflation left to tackle is goods / groceries. If the market is “flooded” with Chinese goods that means inflation will come down because of supply / demand and all that’s left is grocery prices. After that the Fed lowers rates and  we’re at 6,500 for the S&P at the end of the year. Book it.[/quote]

There is a current disruption in the supply that we will experience in a month or so, but perhaps with this pause, and the pre-stocking that took place, we may not feel it too much.

But...the damage is done. Our trade with the closest allies is damaged significantly to the extent that there are international boycotts against US products and the reliability as a trading partner is tarnished and the damage to the dollar is significant.[/quote]

Then why did the stock market react the way it did?

Everyone was predicting bare shelves now or any day now, and you’re saying it’s a month or so away.  [/quote]

The stock reacted to Trump retracting his idiotic trade war with China. The markets were happy that Trump ended his tantrum.[/quote]

You’re not convincing me. [/quote]

Me either.

The tax on all imports from China is 60%.  Trump said so.

It will devastate our whole economy very very soon.[/quote]

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