Locator: 48810MARKET.
Market buzz:
- international trade agreements starting to come in fast and furious
- Japan broke the jam
- EU next; if more delays, at their own risk
- folks are starting to see that "tariffs" is more about "trade" -- not "tariffs" and yes, there's a difference
- that's why Trump refers to them as "trade talks" not "tariff talks" though he emphasized tariffs, but at the end of the day, these are "trade talks," not "tariff talks."
- inflation argument:
- CEOs are consistently saying that they are not seeing the inflation due to tariffs
- CNBC anchors continue to remind us of the risk of inflation due to tariffs
- folks forget that imports make up an incredibly small part of GDP and inflation
- media is unable to articulate the "tariff offsets"
CNBC right now, just as an example:
- New York Life Investments
- Economist: Lauren Goodwin
- concerned about the market; she says inflation is headed higher
- Christmas season ordering has only just begun; once that begins in full earnest, then we will see inflation
- shortage of workers: not enough illegal immigrants entering the country -- yes, she really said that, but not in those exact words -- at least that's what I heard
- so, apparently 30 million illegal undocumented folks streaming across the border over the past eight years was not enough
So, what's the market doing while Lauren is talking?
Jeremy Siegel, WisdomTree / Wharton School of Business, suggests that the EU will get the same deal as Japan, and even Canada might get a break. [I'm not holding my breath with regard to Canada.]
By the way, even Jeremy Siegel would like to see JPow "be gone" now. Jeremy Siegel would like to see Trump truly "own" this economy. Siegel won't buy into that meme that firing JPow is a slippery slope. Jeremy Siegel was very, very, very clear on this -- said it multiple times that JPow needs to resign now, and he made a great argument.
Pat on the back: I'm so glad I posted the four-page excerpt from John Orton's The Story of Semiconductors, c. 2004.
**********************************
Disclaimer
Brief
Reminder
Briefly:
- I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here. All my posts are done quickly:
there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- Longer version here.
