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RE: It's Becoming Harder To Be A Position Trader These Days
So true, I used to trade fx as well and I found it so hard to compete in the shorter time frames. For me it is much easier, to call a multi year dollar fall for example and just ride that.
Trying to decipher the day to day "reasons" for things was a full time job! So I dont miss that. Trying to make sense of Trump's erratic behavior, with the tweets good Lord!
And I totally agree with you, trade wars never work. Jim Rickards totally called this several years ago.
It seems the more thing change, the more they stay the same
Going to be interesting now that he's threatening the European automakers with tariffs. AFAIK, most of the mercs and BMWs for the US are manufactured in the US itself.
It's hard to predict a crash but between rising interest rates and a trade war, i think we have some pretty strong catalysts.
Oh wow, I hadn't heard that bit ab European automakers. This guy is a raging dumpster fire; doing PR for him must be a nightmare.
All things being equal, protectionism should cause an uptick in US wages, which should cause prices/ consumer prices (cpi) to rise.
Thoughts?
Haha working for him has its perks. I hear Hope Hicks has a $10M book deal lined up. Not bad for a year's work lol.
I think we'll definitely see prices rise but wages not as much. Worse for the ordinary citizen overall - higher prices, higher interest rates, wages that don't keep up.
Ha, good point!