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Politics : Formerly About Apple, Inc. Unmoderated
AAPL 459.60-0.1%3:59 PM EDT

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To: lucky_limey who wrote (8338)6/18/2019 3:16:36 AM
From: Doren   of 11178
Busiest US port hit by 7th straight month of export declines amid escalating trade war

Two indicators in the aviation industry may be pointing to a looming global downturn

David Stockman: Fed would be ‘totally nuts’ to cut rates - even as trade war risks escalate

Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

“He is only risking upsetting the entire apple cut with this infatuation with tariffs,” said Stockman, who reiterated his call for a 40% market plunge during his March “Futures Now” appearance.

Yet, Stockman also believes there’s a chance the S&P 500 could exceed its all-time high of 2,940 this year — especially if the Fed cuts rates at next week’s policy meeting. But he expects a new record would be short-lived due to the geopolitical and monetary backdrop.

“It may go up beyond that. Who knows? But it is not sustainable because all the debt is there,” Stockman said. “It’s only a matter of time before we run out of luck on policy.”
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