How did everyone like that GDP number below 2% today? I see the Dollar stronger today. Not good for exports for the Q1 GDP. The economy is doing awesome. Raise rates three times this year to slow it down. If only our soybean exports were stronger.
In regards to the 20% tax (tariff) on Mexican imports, Mexico isn't paying that tax. For example, if Tequila is imported from Mexico with an added 20% tariff (tax), those who sell the Tequila in the U.S. will add that additional cost to their sales price. It will be you and I paying for the 20% tariff. Just add 20% to all products imported from Mexico and the U.S. consumer will be stuck with the added cost. If people decide to delay a purchase because they can't afford it or decide not to buy the store owner in the U.S. will be hurt. If sales suffer then people get layed off. Mexico can do the same to our products. I have mentioned it before. Just read what the Smoot Hawley Tariff act did in 1929.
If you want Mexico to pay for the wall just add a 10% fee to all money sent by money gram or Western Union or other means to Mexico. I believe I read it was $25 billion sent every year.
I read where cash on the sidelines is at an all time low. I thought the market was in a bubble at 18,300. I have read a lot of companies beating earnings with lower revenues. I think we are all sitting pretty with our mining stocks right now. I thought we would be at $24-$25 silver by now. I'm going to guess we will be at $50 silver and $1,600 gold by the end of the year. That should drive FFMGF to $2
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