Kudlow coming out the first week on the job saying Trump is bluffing on trade (Trump is a liar basically), makes them both look like idiots. The emperor has not clothes on trade. The longer he persists in pushing protectionism, the lower stocks will go. I am sure all Americans, rich and poor, will push for Trump's removal from office if we are in deep recession the second half of 2018. Trade is the third rail, no rational politician dare touch. It's how the American import economy functions at all to support greater than $50 trillion in debt by the govt, corporations and individuals. We need additional foreign capital each year to support our debt markets or the whole scheme will implode almost overnight.
Market Wisdom: "The financial market is a strict teacher. It'll keep pushing you in the direction of the mistakes you're making until you learn lessons. Sometimes, it feels like the price action is working against you & there is a conspiracy. The market is not an adversary it is an educator." --Steve Burns