Oh damn, another stupid statement from Steve’s Barking, how the heck can the supper rich whom everyone knows run the United States be in trouble? Well let me put it this way, most of their money comes from assets. Their assets are only as good as the people have discretionary income. Tariffs take much of that discretionary income away, thereby weakening the real value of those assets. There is also a great possibility that because discretionary income decreases the ability of investors to invest in the super riches companies decreases. There is a great possibility of that investors may also decrease their holding of stocks to become more liquid, that will also decrease their holding the value of the super riches stocks will go down. There is also a great possibility that many of the companies that rely of imports will not be able to meet their obligations thereby reducing the amount of money that banks can lend cutting what the so called super Rich’s money that they can spend.
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This blogger thinks that there is too much emphasis in the media of the kiss a** corporate chiefs being with the president, I see it more like let’s not have the government do too much damage to their companies and thereby by their wealth.
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