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Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Mon, 15 Oct 2018, 06:55 PM

 

Why Almost All the Stock Markets in the World are Upside Down? Koon Yew Yin

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If you type on google search the word “idiot”

The first image that pops up is a picture of President Donald Trump. So is the second. And the third. And the fourth. Even as you continue to scroll down the page, Trump’s face appears with unusual regularity.

If you think I am joking and you don’t believe me, you can try typing on google the word “idiot”.

Trump just tweets even on Government policies without much thinking. He tweets almost every day and night.

 

The above picture shows what they say about Trump.

Trump dismissed Rex Tillerson, Secretary of Sates by tweeting.

In 2006, Rex was named chairman and CEO. When Tillerson left the company, he walked away with a $180 million retirement payment. According to CelebrityNetWorth, as of June 2017, the former Exxon-Mobil executive's net worth is $300 million.

The president's latest tweets are some rather confused messages on China, the EU and trade. He just tweeted

Trump 'ready' to hit all $500bn of US goods imports from China with new tariffs

Common sense tells me that the import duty on Chinese and German goods will only hurt the US consumers. US cannot make clothes, shoes etc cheaper than the Chinese. With import duty, Mercedes, BMW and Volkswagens will cost more and the Americans still want to buy them.

In other words, Trump is taxing the Americans.

In any case, all these trade wars are creating a lot of uncertainty and confusion which investors do not like. That is why almost all the stock markets in the world are so depressed. 

 

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