Wednesday January 24, 2018
The Tariff Act of 1930 did its best to really kick off the Great Depression.
And that Depression would not end until its repeal in 1947. 
No matter what your opinion is of Donald Trump he is on the wrong side of trade.He is repeaing the same mistakes of Smoot Hawley 88 years ag.
As photos of Trump signing a 15-20% tariff on imported washing machines, of all things, the stock market gave back its 160 point morning gain and went negative as I write. We have completed Five Eliott Waves up form 2009 so all we needed was a fundamental event.
Will theWharton School of Finance please call the President in for a history re fresher?
I am stunned that Commerce Secretary Wilbur Ross is going along with this foolishness.
Professor Elam 
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