Follow the logic here from globalist shill Larry Kudlow.
Tariffs are a tax.
Steel tariffs protect ~200,000 jobs, but affect over 6 million jobs who depend on steel inputs.
This is bad for automakers because it will increase price of car by $35-100.
Kudlow logic fails; Kudlow shrinks back into his CFR hole.
The amount of shilling and fear mongering over these tariffs is astounding. It’s almost as if these people were given marching orders from China.
Related: ZH is out with a piece trying to tie Bush’s steel tariffs with a 30% drop in the SPY.
That is the equivalent to blaming the SPY drop on me making a peanut butter and jelly sandwich served on disgusting rye bread. The markets were sick back then and I can tell you the steel tariffs had nothing to do with the market drop.
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Kudlow is a CNBC “king dollar” clown and shill. Strong dollar was bad for america too cuz it made exports expensive. But not in Krudlow’s eyes.
The cuckoldry is getting out of control. Can’t even read Barrons anymore, they are recommending fuckin Canadian steel maker Stelco.
Stelco is a US company, like 90% of Canadian heavy industry.
Cohn’s done this before. How many times can he go behind Trump’s back and leak that he’s going to resign IF… without following through? Anyway, the squid isn’t going to abandon their post voluntarily.
Low risk entry for silver here.
Once
If I’m buying a new car, $35 – $100 means not one shit of difference.
I love it when Fly goes full bear rage mode. Let the blood spill on the pig market. Theirs 10yrs of fed bread meat on them bones. The fly and buffet are prepared. Let the slaughter begin.
Japan is going full lord of the flies mode.
Spot-on Fly. Absolutely ridiculous to blame market drop on a hand-picked piece of news. I was a broker in 2002, it was awful. Had nothing to do with tariffs. Globalist deep-staters unite!
Public will pay higher prices so that American steel companies can replace workers… take a lookee at the future..
https://www.popularmechanics.com/technology/infrastructure/a27043/steel-mill-austria-automated/