Investors do not understand the battle that is going on between the US and China right now. They think it’s about soybeans and handshakes. The ignorant rarely ever come out unscathed from a major event. What we are witnessing are two sides fighting for hegemony in the global order. One is trying to maintain its dominance. The other is slowly catching up. This will not be resolved anytime soon.
‘Dr. Doom’ economist Nouriel Roubini sees trade war tipping global economy into recession