NYEXPAT
Thinks s/he gets paid by the post
With the DJI down near it's 200 day moving average again, I picked up another 100k of DIA this morning.
Perhaps, keep your finances separate?Let's see, let's see....do we invest my 2018 IRA (want prices to be low) or take out Mr. A.'s RMD (want prices to be high)? Always such a puzzle!
The US has a trade surplus on steel with Canada. So much for the trumped up National Security reason. So Canada will end up ahead on the 25% tariffs (assuming anyone can end up ahead on such dangerous games)!
The threat to impose tariffs on autos just indicates the total ignorance of the auto pact. The auto companies are not stupid!
I think you better do some more reading because you are flat out wrong
https://www.trade.gov/steel/countries/pdfs/imports-Canada.pdf
https://www.trade.gov/steel/countries/pdfs/imports-us.pdf
The United States by far accounted for the largest share of Canada’s imports by source country at 55 percent (4.8 mmt), followed by China at 10 percent (0.8 mmt), South Korea at 4 percent (0.4 mmt), Brazil at 3 percent (0.3 mmt), and Turkey at 3 percent (0.3 mmt).
Notably, while Canada’s top source countries have shifted from year to year, the United States has ranked as Canada’s top import source for steel products for more than 20 years.
Not a surplus?
What don't you understand?
I don't worry about day to day. We will see.
-ERD50
OK, I'll do the math for you guys.
U.S. imported 34.6 MMT in 2017, 17% from Canada = 5.88 MMT
Canada imported 8.7 MMT in 2017, 55% from U.S. = 4.78 MMT
U.S. imports 1.1 MMT more that it exports. In trade talk this is a trade deficit (import more than export), not a surplus. The "deficit" is that U.S. is sending cash to Canada for steel. https://www.investopedia.com/terms/t/trade_deficit.asp
Yeah me either back in 08. Then I lost the gains of a decade or more.
I have learned that there are people (in government) that have an interest in collapsing the economy so their friends can buy up everything at fire sale prices. I now invest in Real Estate.
The S&P/Case-Shiller U.S. National Home Price Index from a peak of 184.62 in July 2006 reached a nadir of 134.01 in February 2012, or a fall of 27%. Regional markets, in particular Las Vegas, Phoenix, Miami and California, were hit with bigger corrections, ranging from 40% to 65%.
Would you not have to convert this into US Dollars to get the true answer ?
If US only paid $100/imperial long tonne for crappy Chinese-supplied Canadian steel
But Canada paid $10,000/imperial long tonne for our pristine US-made (recycled Canadian/Chinese) steel ... wouldn't this be a surplus ?
Could be, but a commodity is a commodity for a reason.
I thought I learned that there are people (in government) that have an interest in collapsing the Real Estate market, so their friends can buy up everything at fire sale prices. I now invest in the stock market, buying on the dips.
...
I have more control with real estate than with the machinations behind the scenes and the insider trading that goes on on a daily basis with Wall street. But to each their own
The S&P/Case-Shiller U.S. National Home Price Index from a peak of 184.62 in July 2006 reached a nadir of 134.01 in February 2012, or a fall of 27%. Regional markets, in particular Las Vegas, Phoenix, Miami and California, were hit with bigger corrections, ranging from 40% to 65%.
Wow, looks like the market is headed back up today! Up 272 points already and it's only 10:43 AM on the east coast. Now that's a nice surprise, for me anyway.
That said, I must be some sort of pessimist. I had already assumed that we were well on our way to another 2008-2009. Not that it makes much difference to a buy-and-hold broad index investor like me; TBH I'm not losing any sleep over the market.