Trump: Trade War Has Cost The Dow 10,000 Points
"Somebody had to do this. To me, this is much more important than the economy. It was out of control. They were out of control."
"Somebody had to do this. To me, this is much more important than the economy. It was out of control. They were out of control."
His remarks followed a mixed August jobs report and other readings on the economy that show fallout from President Donald Trump’s trade disputes.
Giustra added that the Fed's reversal of policy this year from hiking to lowering rates, signaled to him the beginning of a bull rally in gold.
To understand the current period, Dalio recommends investors study the workings of the 1935-45 period when similar forces created a similar dynamic.
Positive technical indicators and monetary easing now likely outweigh the uncertainty of the U.S.-China trade war and the “wild card” of tariff talks.
It’s probably safe to say that Buffett doesn’t love the lofty level of the stock market, judging by the record $122 billion of cash he’s hoarding.
He will surely try to stick to his public narrative, which has worked so well for so long. But a severe recession may be his undoing.