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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (21095)	7/22/2018 11:22:05 AM
From: dan6	Read Replies (2) \| Respond to of 33421

Hi Bob- I am with you on VW and the diesel cheaters. If there is any silver lining here, it may led to the death knell of the diesel engine, which I think is a good thing. But that's an aside... In theory, free trade is a good thing. After all, fair is fair. But it's rarely that simple. Should a small agricultural country allow their farmers to go broke and set the country up to food insecurity because it can't compete with a big breadbasket country? I'm sure they don't think so... All countries rely on building an advantageous trading platform when they can. Historically (and perhaps recently as well), many wars were fought for this. The worldwide system of subsidies and tariffs is a piecemeal way of keeping this in check. Trump wants to tear this down. This makes sense for the US - one of the biggest ducks in the pond - but not for the little ducks. If trade wars were just amount the free trade of luxury cars, I would say, no problem. But I think it is reckless to raise the price of food, housing, and essential consumer goods worldwide for everyone as a way of helping a few US businesses sell more goods... All the best, -Dan