Ricks Picks

Learning to Love Heavy New Tariffs

EST

The on-again, off-again trade deal with China has put some life into the stock market, all of it vicious (click on inset). It has also invigorated an otherwise moribund discussion concerning whether tariffs are good or bad. Popular wisdom has it that the mere talk of Smoot-Hawley tariff legislation caused the stock market to gyrate wildly in 1929 and eventually to crash. Pat Buchanan does a good job debunking this myth in a think-piece published on his web site entitled Tariffs: The Taxes That Made America Great. Maybe. But it’s hard to get around the logic of classical economics, which holds that it is always economically beneficial for a nation to buy from the lowest-cost producer, since the savings can be invested to produce things at which the nation excels.

Rewarding a Deflator

In practice, however, much of our savings gets invested in digital smoke-and-mirrors. Uber, for instance. How else could a company that in purely economic terms is a deflation catalyst command an $80 billion valuation? (That amount was precipitously reduced, incidentally, by a 10% plunge in the stock since Monday’s IPO). If we invested wisely, Adam Smith’s Law of Comparative Advantage would work beautifully, increasing productivity and thereupon wealth. We don’t invest wisely, however, simply because most of our money comes not from hard-earned savings, but from infinitely available credit created out of thin air by the banksters. So Pat Buchanan winds up being right: Tariffs can’t hurt America — not unless the Fed chooses not to make America’s farmers and others on whom the tax falls most heavily whole by monetizing their losses. China will lose a lot of sales in the U.S. as exporters in other countries ramp up to fill the void. As for the stock market, bears had better step out of the way, because they’ve been played.



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Seminar Information page.

Tuesday, August 20, 2019

The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, August 20. Click below to register or get more information.

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