possible side effect of tariffs and trade wars

[Millhouse]

(08-17-2018, 02:28 PM)fredtoast Wrote: Grantham does not say it is "positive"





While many pundits have decried Trump's trade escalation as heavy-handed and potentially damaging to the global economy, in an ironic twist of fate it may have saved the US market from a painful explosion.

But to hear Grantham tell it, that may not have been such a good thing.

"It's a pity, because we know how great bull markets and great economies end," he said. "They traditionally end with a melt-up and a blowup. What about when that doesn't happen? Who knows? We have no experience of a decadelong bull market fizzling out. Here we are, in no-man's land."

I said it was positive, imo that is. Eventually the market that has been on the rise for 9 years will crash at some point. Maybe I am wrong, but a gradual whimper of a crash seems better than an overnight bam kick us in the nads kind of crash that he was becoming more sure would happen until this year.

The bolded is the journalist's reference to him saying there is no precedence for a bull market like this to whimper instead of crash.