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The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« Stock Market Hesitates Again | Main | Friday Morning Oil Looked Toppy, Sure Enough! »

May 24, 2018

Stocks Retreat

Thursday may 24, 2018

Yesterday we suggested that  stocks would retreat into the beginning of June.  The media is hanging the move down on Trump's withdrawal from a meeeting with Kim Un.

But the market was overdone short term.

Screen Shot 2018-05-24 at 12.06.27 PM

The threat of a 25% import tariff on autos was certainly another salvo from Trump looking ahead to the November elections. Unionized Democrat voters in the Mid West switched their allegiance to Trump over jobs gone over seas. Trump is setting the stage giving them another reason to vote Republicanagain.

 

 

Posted at 01:10 PM |

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