{"id":355175,"date":"2018-04-04T07:32:00","date_gmt":"2018-04-04T06:32:00","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/tariffs\/"},"modified":"2018-04-04T07:32:00","modified_gmt":"2018-04-04T06:32:00","slug":"tariffs","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/tariffs\/","title":{"rendered":"Tariffs?"},"content":{"rendered":"

After rallying on Friday, stocks tanked on Monday, dropping over 450 points. In fact,\u00a0it was the worst first day of the second quarter since the Great Depression.<\/p>\n

Most analysts blamed the plunge on the escalating trade war, but Peter Schiff has a different take. He said it was just another bad day in\u00a0a bear market<\/a>. In fact, he said the market could have rallied because the Chinese response wasn\u2019t as bad as it could have been. But when you\u2019re in a bear market, all news is bad news.<\/span><\/p>\n

\n

As I expected, traders came back from the Passover-Easter break and started to sell. I mean, they came in almost out of the bell. No real news to blame the sell-off on. Now, they tried to blame it on Trump and the tariffs. While I agree the tariffs are a problem, there was nothing new over the weekend. Yeah, China came out and announced a couple of billion dollars worth of tariffs on some agricultural products and stuff like that, but this is nothing that wasn\u2019t anticipated. This is no big deal. I mean anybody that didn\u2019t think this was coming \u2013 I mean \u2013 come on! They could have done a lot worse than this.\u00a0 And in fact, the market could have just as easily rallied on the fact that this was such a small response\u00a0 \u2026 The markets could have bought if they were in a buying mood. But this is a bear market and all news is bad news.\u201d<\/p>\n<\/blockquote>\n

So, the tariffs are really just an excuse. The real reason people are selling is because they are in a selling mood.<\/p>\n

\n

Stocks are expensive. The bull market is over. It\u2019s now a bear market. People want to get out. People are allocating out. Growth is slowing whether people want to acknowledge it or not.\u201d<\/p>\n<\/blockquote>\n

Nevertheless, pundits and talking heads remain optimistic \u2013 just like they were in \u201907 and \u201908 before the housing crash. They didn\u2019t understand the problem…<\/p>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After rallying on Friday, stocks tanked on Monday, dropping over 450 points. In fact,\u00a0it was the worst first day of the second quarter since the Great Depression. Most analysts blamed the plunge on the escalating trade war, but Peter Schiff has a different take. He said it was just another bad day in\u00a0a bear market. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-355175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/355175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=355175"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/355175\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=355175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=355175"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=355175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}