Navarro: We are going to have a broad-based recovery in stocks

  • We’re going to get the Dow to 50,000 (from 37,800 now)
  • We’re lowering oil prices
  • China, Vietnam and German are going to have to engage in fiscal stimulus to reorient their economies
  • Any talk of recession is ‘silly’ given expected tax cuts
  • Market is trying to find its bottom
  • The President will always listen on negotiations
  • Vietnam says that when they go to zero tariffs, it means nothing to us
  • Cites trans-shipments from China, IP theft, dumping, 10% VAT
  • This ‘zero tariff’ thing is misdirection
  • I see tariffs as a tax cut

He said the EU needs to drop its 19% VAT to get a deal… right.

This article was written by Adam Button at www.forexlive.com.