Are you serious? Finland and Sweden are practically barren wastelands with almost zero natural resources. Resource extraction only accounted for 0.4% of Finnish GDP and 1.2% for Sweden. The global average is around 5-6%.
Actual resource rich places are countries like Norway(10%), Russia(20%), Australia(13%), and of course the petrostates such as Saudi Arabia(30%). However, only the Soviet Republics and the Gulf States have low debt, Norway/AU/CA all have rather high debt.
Nearly everything Finland and Sweden export are manufactured goods. Even the refined petro products they export comes from imported crude oil. Or are you claiming Finnish hunters gather from the vast herds of cargo ships roaming the tundra and Swedish miners dig up Volvos and medications and sell these ancient wonders to the rest of the world?
Puts printing, dip buyers doomed. We can easily see another recession on par with 2008 unless Trump immediately reverses course, and it doesnât seem like he will.
I just need the housing market to hold together until the two rentals I just listed sell.
Letâs hope itâs flat or greatly improved by morning. I know another tariff flip flop will look awful, but I think Trump needs to do it. If this sticks by open tomorrow, you will have cascading liquidations and margin calls. You will have portfolio lines of credit get blown out and called as well. Putting politics aside, thatâs bad for America. Itâs time for Trump to walk it back since I donât see Powell doing it for him.
Futures probably skewed the poll results, but oh well.
Bonds are starting to say BS, so a massive reversal is at least possible.
Fed support and action is constantly be questioned lately. People are finally starting to question their need. I bet he does something from a PR perspective. At least hints at lowering rates.
My opinion is we have a blood bath the next 2 days. Then some trade deals materialize. Markets pop a little. Then lots of ups and downs until we know what the future will be. Youâre gonna have a lot of people that were up huge and counting their money selling this week. Boomers have boomed and only the greedy are still holding an unbalanced amount of stock. They along with the new generation of stock buyers that only have seen green will be panic selling. If I was 60+ I would have been out of the market last yearâŚsitting pretty on 5% cds.
Fortunes will be made and lost this week. Iâm sitting out for the most part. I sold too soon last year but weâre about at the level I sold. I donât have it in me anymore to take huge risks. I will dabble though. However I still think weâre about 25% too high price to earnings wise, historically at least. And those earnings are going down regardless of tariffs for the next year or so.
Usually? Always.i just donât think weâre there yet. Iâd prefer a quick blood bath in the market vs years of downturn. Easier to rebuild. We should have gone through this pain in 2008/9 but we papered over it. Everything is connected as much as people want to blame this on just tariffs. Itâs a much needed correction. It was just the catalyst the markets were way way overbought.
Way early. But a couple more days of this and Asia and likely the rest of the world will be ready to make a deal. And when they do, which they will, he will be called a bully, economic terrorist and prob some new made up nicknames etc.
I hope youâre right but I think youâre wrong. All the big guys arenât really interested in a deal so far. China isnât, EU isnât. Hopefully that changes
Not wrong, but Trump will get a few small deals. He can then use those small deals to take a victory lap, while taking his foot off the gas with tariffs on a broader scale and save face in the process.
Well not the first time chicken has been played in the global theater. At least itâs not with nukes. Theres no pandemic or out side force that will have markets/trade shut down. Businesses wont stop trying to make money. Maybe just wonât make as much. So itâll stabilize with or without a deal. Now if the market tanks too much the risky banks will blow the whole system up as usual. I have a feeling stress tests canât handle 25% down in a week the way these guys gamble.
I already sold most of my rental properties months ago, and the rest are all financed at 4% so no it wonât help at all. The vast majority of my port are in fixed income and I got a bunch of puts to hedge downside risk last week.
The reality is if the economy blows up and housing prices get cut in half. Itâs the rich guys who will be buying your foreclosed homes at half off. I was too young for 08, but Iâm not going to miss this one.
def the most pressing issues in the world.