End of Week Comment…

It would appear that our posts of Wednesday and Thursday are kind of on target. The market is embracing deficit/inflation induced price hikes on pretty much everything including stocks.

For myself, I don’t really buy that tariffs are inflationary in the long run. What I do believe is that they will be seen as deflationary as the numbers come in six months from now and everyone realizes that growth has been inhibited, and consumer retail sales are in decline.