Will the EU and/or China Tank?

[william the wie]

There are no compelling internal reasons for the US economy to tank. A stock market correction in the 10-20% range to test support levels is reasonably likely.

The EU getting yanked out of the Iran deal is a major reason for concern. This is a threat to both the economy and the market of the US.

China is having a big deleveraging push at the moment but that will be helped by China taking over all of the deals the EU have had to give up in Iran. However that may not be enough help to avoid some of a downturn.

My question is how likely is the interaction of Chinese and EU problems to cause major US problems in both the market and the economy?

 

[ABikerSailor]

There are no compelling internal reasons for the US economy to tank. A stock market correction in the 10-20% range to test support levels is reasonably likely.

The EU getting yanked out of the Iran deal is a major reason for concern. This is a threat to both the economy and the market of the US.

China is having a big deleveraging push at the moment but that will be helped by China taking over all of the deals the EU have had to give up in Iran. However that may not be enough help to avoid some of a downturn.

My question is how likely is the interaction of Chinese and EU problems to cause major US problems in both the market and the economy?

Dude....................the EU is sticking with the Iran deal, and so is Iran. The only ones that pulled out of the Iran deal was the USA.

 

[william the wie]

The EU is going to tank its US market access for Iran market access? Then there is the little matter that they could lose US military garrisons.

 

[ABikerSailor]

The EU is going to tank its US market access for Iran market access? Then there is the little matter that they could lose US military garrisons.

When Qatar refused to lend Trump's son in law money for a project last year, Trump went along with the sanctions that the Arabs wanted against them. He even called Qatar a terrorism supporter. And yeah, we have a major base there as well. But, just a while ago, Qatar loaned his family the money, and now Qatar has had an official WH visit, and Trump says that they are great allies again.