The U.S. tool & die industry faces tough times. Detroit’s automakers are delaying major truck programs, which are huge tooling programs. Tool shops are losing business to Chinese competitors who shrugged off President Trump’s tariffs by cutting their prices. And they need tool shops in Canada to meet their production orders. Laurie Harbour, from Wipfli Llc, updates the situation.
Ok, as advertised, the updates are out at Fidelity and, retirement and non-ret accounts together went up by $565,467.01 (accountants, don’t forget the 0.01). The others will probably be a bit less than this, for a total, as predicted, of about a mill. Not bad for one day.
Also, I heard at the DW news that the reason for the 90-day delay for most tariffs was not the stock market steep decline over last week but the BOND market drop, which is directly related to interest rates, and the $1 trillion we pay in just INTEREST on the $36 trill national debt.