no, the PMI has only just bottomed and the business cycle is just warming up.
Trump is using the strong dollar in negotiations with China over tariffs. When that’s delt with, they’ll push the dollar down, so that China can refinance.
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whats PMI? 🙈
See why I phrase things as questions? I don’t want to cause anyone to panic over something I don’t fully understand 😆
If you have anything about this strategy with China I can read let me know. Will upvote if you write something!
PMI is the purchasing manager index. When they are positive and start buying more, it is generally a good indicator for a bull market.
Raoul Pal made a great podcast about the liquidity cycle, see below
https://share.snipd.com/episode/2340b098-cd05-4361-9cac-389fff594520
I guess he’s trying to replace the economic activity in government with new manufacturing jobs?
So the loser will be the countries that manufacture our goods currently? But it would also likely raise prices for consumers since it’s more expensive to make stuff in the US no?
I believe many of the tariffs will only be temporary and will be exchanged for other benefits.
Trump loves a good trade.
I think you are right. He kinda showed that with Canada and Mexico