2024-07-06 08:05:00 ET
Summary
- Tariffs and trade wars negatively impact domestic industries, burdening consumers and businesses.
- Trump's proposed tariffs aim to permanently increase international trade costs to benefit US manufacturing.
- Economists warn that Trump's trade policies could trigger inflation, impacting interest rates and stock performance.
- I discuss my current buy list and why two high-yield dividend growers came back onto it after a recent selloff.
- Comcast's cable TV subscriber losses should be seen as a broader consumer pullback in subscription-based video content.
Happy belated Independence Day, my fellow Americans!
If you're still suffering some heartburn from too many cheeseburgers and a hangover from too much booze, just remember: You did it for your country. You did it for America.
Here's where we're going today:
- More on the potential for a resurgence in trade wars and inflation -- and how I would invest in such a scenario
- Lagging data > lagging monetary policy > aggravated boom-bust cycle
- Some of the last holdouts of economic growth are capitulating and increasing the recessionary outlook
Let's get into it.
Follow-Up On The Tariff Threat & Potential Inflation Resurgence
In last week's article, " 8 Stocks I'm Buying As A Resurgent Trade War Looms ," I discussed the huge body of economic research evincing the overwhelmingly net negative effects of high tariffs and trade wars.
Protectionism may be politically popular, but many economic studies conducted by researchers across the political spectrum concur that tariffs and trade wars do little to protect and nurture domestic industries while greatly burdening consumers and businesses....
Read the full article on Seeking Alpha
For further details see:
7 Stocks And 1 ETF I'm Buying The Second Week Of July