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RE: Down goes the Dow

Fat Joe wrote:

Yesterday, Trump again promised to significantly rewrite or scrap NAFTA. If he actually goes forward with this trade war crap, I think there is a significant negative risk for the stock market. It will be very tough for many corporations to maintain profits if international trade contracts. Are people just not listening to this part of the Trump agenda? Maybe they think it's just bluster for Bubba that won't be acted upon?

Yeah I think most view it as bluster

and the new commerce sec'y came out and said that there won't be any trade wars.

sounds to me that they will focus on currency values rather than tariffs to try to help the US. In other words, give foreign politicians some way to say no to devaluing their currency.

that's not unprecedented, and can be done in a calm way. There is a long history of international cooperation on currencies.

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