by Spencer P Morrison, NEE On July 15 President Trump tweeted: the European Union is America’s “foe” because of “what they do to us in trade.” The European Council President Donald Tusk frantically responded: Europe and America are the “best of friends” and …
The domino effect. Their overcapacity would soar and debt plus unemploynent would send them to a crisis. h/t @dlacalle_IA
by Jody Chudley of Daily Reckoning President Trump is clearly not afraid of confrontation, especially when he holds a distinct advantage. And right now, in his ever-escalating trade war with China, Trump clearly holds a distinct advantage. That advantage is that …
From Birch Gold Group The trade war between the U.S., China, EU and other countries has been heating up for a few months now. Here are some revelations about this trade war (so far), specific to China: A trade war will …
via RTRS Euro zone business growth slowed more than expected this month as fears over a trade war with the United States and a weaker global expansion put another dent in optimism, a survey showed on Tuesday. But growth remained …
1/Americans get addicted to #consumption 2/#Manufacturing goes overseas for cheap #labor/trade deals 3/The US imports cheap goods in exchange for #dollars (creates deficit) 4/Foreign countries take excess dollars & buy US #debt (#treasuries) 5/Debt demand suppresses #interestrates 6/Low interest …
The Trump administration has unveiled plans to offer billions of dollars in aid for farmers hurt by the escalating trade war. US farmers have been hit by retaliatory tariffs on goods like soybeans, pork, and beef. “President Trump has promised …
From Dr. Richard Smith, Founder, TradeStops: We started our bullish outlook on gold in late 2016. It had the makings of a really promising trade. There were several positive signals occurring at this time. First it triggered a Stock State Indicator (SSI) — our primary …
via DANIELLE PARK While stock bulls talk up a “strengthening” economy, consumer spending growth (which drives 70% of GDP in America) has fallen to a 4 ¼-year low even before rising trade tariffs are noted in backward-looking data. Wall Street is …
The Trade Wars are really heating up (Link to article below) https://www.yahoo.com/news/trade-war-…
https://www.bloomberg.com/view/articles/2018-07-16/what-game-theory-says-about-trump-s-trade-strategy On the one hand, the escalating tit-for-tat tariffs still affect only a relatively small part of the two countries’ economies. The consensus baseline remains that the measures should not have a significant and lasting downward impact on the economy …
Is the devaluation of the Yuan intentional? https://www.youtube.com/watch?v=LCJ4A4b2lCM China is dealing with very serious issues at this time. They have been battling with the U.S. in an escalating series of events. Clearly they have manipulated their currency, but then again, …
Fox Business, Released on 7/19/18 Brandywine Global Portfolio Manager Jack McIntyre, former Dallas Fed adviser Danielle DiMartino Booth and former Paul Ryan Chief of Staff David Hoppe discuss concerns regarding how tariffs could affect the economy with midterm elections coming …
From Bloomberg: For those fretting the end of days for tech stocks on the heels of Netflix Inc.’s recent plunge, Wall Street might have just the product for you. Meet FANG, in structured-note form. Holders of these securities — complex bonds tied …
https://www.youtube.com/watch?v=iAiGj1_san8 This is the absolute highest level of worry the world has seen in years. A perfect storm is brewing just as markets are weakening globally. Wouldn’t this create a perfect opportunity for a massive crisis to unfold and have …
The International Monetary Fund (IMF) has warned Eurozone growth could be derailed by escalating trade wars and the threat of more tariffs on goods from the US. via PAUL WITHERS The fund said it had cut its 2018 growth forecasts for Eurozone countries, …
by Eric Dubin and Dave Kranzler via Investment Research Dynamics Every month Government, corporate and household debt hits a new all-time high. The entire financial system is heading down an unsustainable path of debt issuance. The delinquency rate for auto and credit card debt is …
by Michael Snyder The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy. Once thriving businesses are on the verge of failure, workers are being laid off, and some …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Trade wars in the auto industry are not uncommon. It’s just that the US has lost them so far. So-called “trade wars” are neither new nor uncommon for the US and its trade “partners.” The US …
by Mac Slavo of SHTFplan As the trade war between the United States and China continues to ramp up, it gets closer to affecting consumers. If it continues, the trade war could have a very negative impact on disposable income – which is horrible …
by visualcapitalist The Chart of the Week is a weekly Visual Capitalist feature on Fridays. History is full of trade wars. In the majority of cases, the consequences are mostly economic – trade barriers are enacted, and then retaliatory measures are used to …
by Brandon Smith The crash of 2008 brought with it a host of strange economic paradigms rarely if ever seen in history; paradigms which have turned normal fiscal analysis on its head. While some core fundamentals remain the same no …
CNBC, Released on 7/12/18 “The United States is hugely dependent on China as a source for low-cost goods to make ends meet for American consumers.” The US is ‘on track to lose this trade war,’ says professor from CNBC.
US Tech Index Nasdaq close at all-time high! Now up 13.3% Ytd. “Probability of 4 (or more) Fed rate hikes in 2018,” h/t @SoberLook
Screenshot via @Nicholas_Merten
by Nicole Foss Russell Lee Gas station, Edcouch, Texas 1939Ilargi: Someone linked to this almost 8 year old article from Nicole (July 19 2010), on Twitter. And yes, it’s even more relevant now than it was when she wrote it. So here’s a re-run: …
by Jim Rickards via Daily Reckoning My thesis is that currency wars are followed by trade wars and then finally shooting wars among major powers. This happened in the 1930s and it seems to be happening again. Currency wars begin in a condition …
by indianleo It has been a long time since the trade war talks began. At first, it was only a war of words between the world’s two largest economies. Slowly, it took a bigger form and is currently under effect. …
via RT Expect big problems with the global economy as the trade conflict between the United States and China escalates, predicts veteran investor Mark Mobius. There’s no question we’ll see a financial crisis sooner or later because we must remember …
via Forex Live There are two things that have been giving added support for a flatter yield curve so far this year, one is the Fed continuing to tighten and the second being the trade tensions. The closer we are …