Trade wars ARE easy to win; Jobless claims at 50 year low

You're gonna trigger IB Biasedman who thinks the country's policies should fit around his business

The S&P 500 index hit a new record high this morning.

That tells me the people who take a stand on the economy with their real money are saying the tariffs will, in one way or another, benefit the U.S. economy.

Sorry, I.B.

I hate tariffs, too, but maybe, just maybe, Trump and his economic advisors know what they are doing and and have more and better information than you and I do to make these tariff decisions.....

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Trade wars ARE easy to win

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Only if you fight them

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The S&P 500 index hit a new record high this morning.

That tells me the people who take a stand on the economy with their real money are saying the tariffs will, in one way or another, benefit the U.S. economy.

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This is flawed reasoning. The economy can perform well in spite of the tariffs and not because of the tariffs. The S&P has been on an upward trajectory for years, including after the passage of Obamacare. That doesn't mean that investors like Obamacare's effect on the economy.

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Jobless claims are a proxy for layoffs and have been closely watched for signs that trade disputes and escalating tariffs could be costing Americans jobs. Record lows indicate that what many have described as a “trade war” is weighing far less on the U.S. economy than predicted by critics of the Trump administration.

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Why would tariffs result in overall job loss? Trump is simply choosing which industries suffer and which benefit

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Jobless claims at 50 year low

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That's because so many people are working two and three jobs.

-She Guevara

China will bend the knee even with Obama/Kerry undermining attempts

Considering the tariffs didn’t get implemented until last week....nevermind

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Because the US economy is much more robust?

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So a robust U.S. economy drives down the two major Chinese stock markets??

Seriously, you've got to explain that logic.

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So let's pretend

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Nah. I don't play 'let's pretend.' I only play what is.

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So a robust U.S. economy drives down the two major Chinese stock markets??

Seriously, you've got to explain that logic.

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That's not what I said bro. Investors don't generally like tariffs because they are a drag on an economy. Hence the Chinese stock market drops. However, the US economy is strong enough to withstand tariffs. Therefore, other factors are outweighing the effects of the tariffs.

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Nah. I don't play 'let's pretend.' I only play what is.

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Nice dodge.

Do you think the tariffs put upward, downward, or neutral pressure on the S&P?