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@theMarket: Trump's $50 Billion in Chinese Tariffs Trashes Markets
By Bill Schmick,
10:46AM / Saturday, June 16, 2018
Investors waited all week for President Trump's verdict. On Friday, he did not disappoint his followers. He decided to move ahead with plans to slap $34 billion in tariffs on Chinese imports. Stock markets worldwide fell on the news as investors await a Chinese response.   And China will respond. Chinese trade officials have already outlined their planned retaliation. China will match Trump's 25 percent tariff on 818 products by doing the same on 106 American goods worth about $50 billion.   We can expect an accelerating war of tit-for-tat tariffs in the weeks ahead. For example, the United States Trade Representative plans to add an additional 284

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The Independent Investor: How to Avoid Recession? Emigrate to Australia
By Bill Schmick,
03:13PM / Thursday, June 14, 2018
  — "New Colossus" by Emma Lazarus (Statue of Liberty)   This "land down under" has escaped an economic recession for 26 years in a row. An open immigration policy in a nationalist world that demands just the opposite is one of the key drivers to their success. An abundance of natural resource wealth has also helped.   Readers would need to go back to the late 1980s, early 1990s, to find two quarters of negative growth (the definition of an economic recession) in Australia. Back then, Australia was noted for its boom and bust economy. Throughout their 160-plus year history, mining booms in gold,

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The Independent Investor: Trump's trade war
By Bill Schmick,
03:52PM / Thursday, June 07, 2018
Over the weekend, the G-7 group of nations met to denounce the recent actions of the United States. This coming Friday, these same leaders convene in Quebec. President Trump will attend and seems determined to face them down.   Ever since the Trump administration announced plans to raise tariffs on imported steel and aluminum by 25 percent and 10 percent respectively, our allies have been livid. Some are referring to the upcoming meeting as the G-6, plus the United States. You've got to hand it to the president, he doesn't back off, but given the circumstances, maybe he should.   I doubt that anyone in this country believes the present trade agreements

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@theMarket: Another Week of Market Volatility
By Bill Schmick,
04:29PM / Friday, June 01, 2018
As the month wound down, so did stocks. Pronouncements from Washington dominated the market's direction on a daily basis. We can expect to see that trend continue as the summer doldrums reduce liquidity and exaggerate market swings.   The adage of "sell in May," however, did not fulfill the bears' expectations this year.   Actually, the month of May has been pretty good for stocks recently. The S&P 500 Benchmark Index gained a smidge over two percent for the month this year. That's not to say those gains were easy. The stress level for those who are trying to trade this market is through the roof.   And that's because

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The Independent Investor: Italy's Crisis Threatens Financial Markets
By Bill Schmick,
04:05PM / Thursday, May 31, 2018
A political crisis in the fourth largest economy in Europe has spilled over into the financial markets. Global stock exchanges greeted Italy's present political dysfunction by registering major declines — and the crisis may just be getting started.   Back in 2010 through 2012, readers may recall a similar eurozone calamity. Greece was at the center of that maelstrom and, at its worse, threatened the viability of the European Union and its currency, the Euro. This time around, many of the same issues are now bedeviling Italy. The country has the third largest debt load in the world after the U.S. and Japan. It still suffers from double-digit unemployment

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