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Cake day: July 26th, 2023

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  • Pringles@lemm.eetoNews@lemmy.world*Permanently Deleted*
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    8 months ago

    Trump can raise them to 1000% and China won’t care too much. It will hurt, sure, but China has all the cards. They’ve been preparing for this since Trump v1.0 and know exactly where to hit the US. And they have already proceeded with a surgical strike you don’t read much about. It’s not a tariff increase, it’s more a bureaucratic measure. They sent all US buyers of certain rare earth metals required for high tech electronics to the back of the queue of buyers. Not an outright block, just “extra investigation” required before rubber-stamping the export, indefinitely if need be.




  • “Technical” analysis is bullshit. There are enough value based indicators that show why the US stock market is going to have a rough time in the coming years without this hocus pocus speak.

    E.g. the combined P/E of all stocks on the NYSE is over 25 while that of Nasdaq is over 29. That indicates a massive bubble as this ratio historically averages around 20.

    This was already under Biden, Trump is just triggering the correction with his ineptitude instead of some outside factor. The fact he, unlike Biden, is not even trying to resolve the underlying causes will just make it worse.