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Trumps Economy: Will it work?
Mar 15, 2018 @ 7:00 pm - 7:55 pm PDT
Blaming the NRA for the Parkland shooting is like blaming McDonald’s for obesity. Or Ford for car accidents. Or alcohol for drunk driving deaths. If you’re going to blame someone, get to the REAL issue and stop blaming people who had nothing to do with it. Talking about the walkout.
David Fischer, CEO of Landmark Capital, talks Trump’s tariffs and trade talks. Trump is making good on another campaign promise. The trade deficit is growing. We have a $300 billion trade deficit with China.
3 countries have threatened to retaliate in response to Trump’s tariffs. Europe, UK, and China.
The Fed is officially unwinding it’s balance sheet, but they admit they can’t find a way to do without affecting the market. They do this on the 1st and 15th. This is likely the main reason we’re seeing such volatility.
The Federal Reserve is not “federal” and it has no “reserve”. When the largest central bank in the world is selling off it’s own Treasuries, it creates serious uncertainty.
There are 4 phases to a Bull Market: pessimism, skepticism, optimism, euphoria. We are currently ending the euphoria phase. Fundamentals to support it no longer exist. Seeds of instability are germinating again. People do not like uncertainty.