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Harlan Cadinha discusses Trump's threat of tariffs on steel and aluminum and why he does not believe it is a positive for the stock market.
Harlan J. Cadinha discusses the causes for today's 600+ point drop in the Dow and the firm's view of the markets going forward.
Harlan J. Cadinha discusses the causes for this roaring upmarket and where it could end up.
Harlan Cadinha explains why he is still bullish on the stock market and how the proposed tax bill will propel the economy and in turn the markets.
Harlan Cadinha discusses the Tax Cuts and Jobs Act and its impact on markets and the U.S. economy
Paul Ryan comes forward to say that Health Care is still on the agenda.
Thankfully, I can tell you that I was not around for the enactment of the Smoot-Hawley Tariff in 1930. Economists have since taught students that this tariff was the biggest single contributor to the Great Depression of the 1930’s. Granted, there were other contributors, i.e., a tax hike, but this tariff was recognized as precisely the wrong tactic to be used against an on-coming recession.
Why did we opt for such a poor tactic? Americans at that time felt that it was necessary to protect our many industries and the American jobs that went with them. Advocates sang an attractive “siren song” to convince people to arrive at that infamous political decision …the rest is history.
Harlan Cadinha is bullish on U.S. equities. The chairman of Honolulu-based wealth manager Cadinha dwells on a phenomenon you wouldn't think of as upbeat: the shrinking number of public listings of U.S. companies. The World Federation of Exchanges reports that the combined number of companies listed on the New York, American, and Nasdaq exchanges swooned to 5,008 last year from a 1997 peak of 8,823 - a 43% decline, or a loss of 238 companies on average each year. "Fewer stocks mean higher prices," he says.READ MORE