The Retired Investor: Trump and the China trade / Pittsfield.com

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@theMarket: Tariff Talk Trashes Stocks as Stagflation Fears Rise

By Bill Schmick,
04:20PM / Friday, March 07, 2025

The latest worry to plague Wall Street is lower growth and rising inflation. What is worse, the tariff war that President Trump insists will lead to a "golden age" for America is proving to be a nightmare for financial markets. "There will be a little disturbance, but we are OK with that," the president admitted Tuesday evening in his address to Congress. His mission that night was to sell America on his vision of a new economy of high tariffs, low immigration, low taxes, and low regulation. Main Street is buying that message, with approval ratings of almost 70 percent of those who watched the address. Unfortunately, global financial markets are not so

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The Retired Investor: Government Shutdown Looms Large

By Bill Schmick,
04:19PM / Thursday, March 06, 2025

It is getting to be a regular occurrence. The U.S. Treasury runs out of money and warns Congress that they need more. Politicians on both sides strut and crow but delay until the 11th hour only to pass another "continuing resolution" for a few months. Will it ever end? Exactly what is a continuing resolution (CR)? They are temporary spending bills that allow the federal government operations to continue when final appropriations have not been approved by Congress and the president. CRs are never-ending stories with a shelf-life of 2-3 months. This time, the deadline is March 14. Has anything changed? Well, yes and no. The factions within the

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