RE: More pain to come!8 Apr 2025 01:59
Aspers...........I don't think we will see sub 300p. (heyho what do I know)
Trump is chasing a tariff tax to fund the USA-Mexico border.
He fails to recognise that families have been living beyond their means for decades, at the expense of an ever-increasing overdraft, decade on decade (35 Trillion used).
It's like a business paying staff top dollar and funding the payroll from a revolving maturing debt.
China and other Asian countries export products for "service economies." Nobody is stealing American jobs.......the truth is Americans can not produce gloves, baseball caps, t-shirts, brushes at price points.........the consumer will not buy into higher price points.
Trump needs a meeting with Walmart, because Asia will not absorb 34% tax to subsidise USA inflation & the Mexico border and pay America's reckless debt.
gla on the 9th