No. of Recommendations: 3
https://www.msn.com/en-us/money/other/tariffs-are-...some snips:
"tariffs raise the cost of everything from tractors to fertilizers and squeeze profits for US growers already contending with low crop prices."
"The sweeping effects of the president’s trade war are coming into sharper focus as agricultural giants including Mosaic Co., AGCO Corp. and Bunge Global SA report their latest results: deliveries of key nutrients to the US have plunged, machinery prices are climbing and crop buyers are limiting purchases amid mounting uncertainty."
"US-bound shipments of phosphate and potash, two key fertilizers, are down 20% from a year ago and are expected to “remain subdued,” Jenny Wang, Mosaic commercial vice president, said in a call with analysts Wednesday."
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The Stock Market is shrugging the effects of tariffs off. My personal opinion is that
Wall St luvs corruption, lack of SEC enforcement, deregulation rollbacks etc.
It appears that some hurt is coming to Americans via higher prices. In the past, Wall St
has done well when Main St has suffered. But at some point, Companies profit margins are going to take a hit. The American consumer is going to see higher prices for most everything, so a pullback in consumer spending seems to be a certainty. But that does not mean that the stockmarket is going to pull back immediately, if at all.
Everybody sitting tight on their retirement investing mix ? I'm 50/50 between stocks and
fixed income. I am normally a lot more aggressive than that, but I have zero trust in
American political leadership. But American political leadership is probably not going
to want to hurt the wealthy, and the wealthy own the majority of stock. As was said in
the Godfather: "keep your friends close, and your enemies closer".
In the GFC, the market kept rising for a year or two ( I think ) even though the people
in the know knew that there were seismic cracks appearing ( see The Big Short ).
Really hard to know which course to follow.
