Cramer argues the trade war is more worrisome than 10-year Treasury yields approaching 3%

CNBC/Jim Cramer/4-23-2018

“But, honestly, I’m not sure interest rates are what we need to be super-worried about here,’ the ‘Mad Money’ host said. ‘I think the bigger short-term worry here is a possible slowdown caused by new barriers to trade that we’re erecting with China now and perhaps many other countries later.’He went on: ‘New barriers to trade are being imposed right when they can do the most damage to our economy by boosting inflation, which in turn will force the Federal Reserve to tighten faster than it might otherwise need to.'”

 

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