trioderob wrote:
the flip side is they can hurt our markets worse
if their market goes down it not a huge deal if the SPX500 crashes its enormous problem
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Our much bigger worry for markets should be growing debt levels from federal gov't down to states, cities and individuals. The FED with it's ZIRP policy has exploded asset values. What happens to mortgages on $Million homes in coastal cities bought by MIDDLE class people, when the economy takes a downturn?
China can not afford tariff wars because theirs is export based economy. But even if China stops importing US manufactured goods completely, not a big deal because size matters. Ours is $19.4 Trillion economy and what China buys from us is $130 Billion. I am sure we all can do the math, and realize how insignificant our exports to China really are in relation to our economy size. On the other hand US Housing is valued at $31.8 Trillion!
Edited by pdx5, 12 November 2018 - 11:32 PM.
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