In the 2020s it is likely China will emerge as the world’s largest economy. There are close to 1.4 billion people in China and the country has been growing at alarming rates. GDP growth rate averages around 6-8%; more than 3x that of the U.S. In addition, the country has a burgeoning middle class and a government intent on doing … [Read more...]
US, China Make Trade Progress
Shortly after the market topped off in January, we had a nonstop barrage of negative news. Interest rates were rising, there was political turmoil, and a brewing trade war with China. Today, interest rates are still rising, and our political system is a mess. However, it appears as if the Trump administration came to an agreement with China and … [Read more...]
Trade War?
For the past month we’ve experienced a roller coaster ride of volatility because of a potential trade war. The Trump administration recently slapped broad based 25% tariffs on steel and 10% tariffs on aluminum. Even though most countries are exempt, large trading partners like China are not. China has since responded by adding tariffs to a … [Read more...]
Is Everything Really that Great?
The Dow Jones Industrial Average continues to trade close to its all-time high. Almost everything seems to be rising. But the question is why? Equities have surged for several reasons: • The Federal Reserve. • Surge in oil prices. • Stronger dollar. • Global stability. Recently, Fed Chair Janet Yellen told investors they would “proceed … [Read more...]