I think it's fair to say Bolivia is in a better place than Venezuela. Still, Bolivia's GDP per capita is not what you claim, from what I can see. The most recent data I can find puts it at $3105, not $7800. That's not "middle of the road." It's near the bottom.
In her introductory remarks, James declared that her mission included putting “a long-overdue end to the failure that is liberalism.” She would do well to revive, modernize and rescue conservatism and let the fate of liberalism run its course. That will be challenging, given the heavy hand of Trump backers (e.g. Rebekah Mercer, a billionaire far-right donor) on Heritage’s board, but if — as occurred at the Manhattan Institute’s City Journal with the resignation of revered conservative scholar Sol Stern, who left in protest over the noxious influence of Trump sycophants — Heritage becomes just another Mercer-backed far-right bastion, it will never recover its intellectual stature.
You conservatives should really clean house. And doubt everyone tainted with the oligarks' money.
I'm sure you're right, actually. Market is gonna market. And it was a bit unfair of me to focus on that (which I kinda admitted) -- though, that said, I do think investors are feeling a bit "WTF" right now, and likely wouldn't be, or not to that degree, if we didn't have a president coming out with crazy pronouncements that would suck for the economy. I know I feel skittish.
But what, IMO, is not overblown is that those tariffs are a bad idea, and is statement that trade wars are good and easy to win is just ludicrous.
I mean, as a person with a stock portfolio, I'm normally a "ride it out" kind of person, making adjustments periodically. Indeed, I still am. But when you have a president who comes out of the blue with yuuuuuge pronouncements that, if implemented, would sucker punch businesses (or artificially inflate them or otherwise have large, unwise, possibly unintended consequences), one is tempted to say "yeah, this gamble is getting just a wee bit too risky and maybe it's time to step out for a bit." I really have just no freaking idea what this guy is gonna propose next, and what Congress is gonna let him get away with. My confidence in our system of checks and balances has eroded considerably during this last year.
Market is going to market and honestly 2017 was so unbelievably good investors are looking for any signs of volatility to sell off. A kind of things are going TOO good syndrome.
Anyway, I wouldn't read a lot into what Icahn does. Even if he did have some insider info (and who at that level of the game doesn't?) that trade makes sense. I see it more of a future construction trade rather than a steel trade. There has been a feeling for awhile that global construction projects were going to pick up in 2018, but that sentiment has largely disappeared. You can see this in the weakness of Caterpillar and like stocks.
As for the tariffs being bad....a lot of analysts are saying that but I am not convinced. Steel is a problem has China has flooded our market with cheap and honestly sub-par steel. This has been brewing for quite some time, dating back to the Obama administration. So I don't buy this is Trump flying off the cuff. My fear wasn't the tariffs, I was afraid he was going to declare the steel from China a threat to national security and act from that position.
His statement that trade wars are easy to win.....Well, that is just plain stupid. That said, this won't kick off a trade war anyway.