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Stocks Post WORST April Start Since The Great Depression
Stocks Post WORST April Start Since The Great Depression The S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929. This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path. The Dow Jones industrial average fell […]
Dow Plunges 600, Global Markets Tank After China Retaliates In All-Out Trade War
Dow Plunges 600, Global Markets Tank After China Retaliates In All-Out Trade War So much for yesterday’s Amazon bounce. Just before 4AM EDT, a Bloomberg headline hit which has not only unleashed a furious global selling wave, sending the S&P lower by nearly 2% and the Dow 600 lower, but may have changed the course […]
All-Out Trade War: China Strikes Back With 25% Tariffs On $50BN Of US Imports
All-Out Trade War: China Strikes Back With 25% Tariffs On $50BN Of US Imports Beijing wasted no time in striking back at Washington’s latest round of tariffs on Chinese imports by announcing a new list of US products that would be subject to punitive action, as the world’s two largest economies edge ever closer towards […]
China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs
China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs Trump’s aggressive trade war overtures and China’s initial retaliatory moves have spooked Wall Street over the past week and again on Monday, which helped drive down the Dow Jones by 459 points, with the Nasdaq Composite quickly approaching correction territory. And as the mass […]
China Unveils How It Will Retaliate To US Tariffs, USDJPY Snaps
China Unveils How It Will Retaliate To US Tariffs, USDJPY Snaps While it will hardly come as a surprise considering that trade wars always evolve in an escalating tit-for-tat manner, the WSJ reports that just hours ahead of Trump’s announcement of as much as $60 billion in tariffs targeting Beijing, China is preparing to hit […]
The Perfect Storm for 2020: Weidmann at the ECB, Trump’s trade war, Macron’s failure, Italy’s turmoil
The Perfect Storm for 2020: Weidmann at the ECB, Trump’s trade war, Macron’s failure, Italy’s turmoil Clouds are gathering: Weidmann will end QE while Macron’s reform will not solve any problem whatsoever. It’ll be the final push for a Eurosceptic Italy, where plans for parallel currencies are popping up. Add Trump’s trade war to the […]
Expert Commentary: How Trump’s Trade War Affects Canadian Oil
Expert Commentary: How Trump’s Trade War Affects Canadian Oil Last week, the first salvo of a global trade war was fired: US tariffs on steel and aluminum. Like the “shot heard round the world,” the American protectionist move has politicians and economists in industrialized nations strategizing with their spreadsheets. From Porsches to prosciutto, every country […]
China Accuses US Of Fabricating Trade Data, Warns “Trade War Would Be A Disaster”
China Accuses US Of Fabricating Trade Data, Warns “Trade War Would Be A Disaster” While Canada and Mexico and soon other US “allies” have so far been spared the brunt of the Trump import tariffs on aluminum and steel imports as a result of “indefinite” exemptions for the duration of Nafta negotiations, China – the […]
GMO: “A Global Trade War Would Lead To a 40% Market Crash”
GMO: “A Global Trade War Would Lead To a 40% Market Crash” If one was following the price action of stocks today in response to Trump’s Thursday announcement of steel and aluminum import tariffs, one would be left with the impression that either the market thinks Trumps is bluffing, or that tariffs are bullish for […]
Trump Fires Trade War Shots: “If There Is A Trade War With China, There Is”
Trump Fires Trade War Shots: “If There Is A Trade War With China, There Is” With Reuters having published the part of its exclusive Trump interview in which the president discusses North Korea and Russia, and in which he said that it is “very possible” the crisis with North Korea can’t be resolved in a […]
“Unloading Dollar Assets Would Be Most Effective” – Chinese State Media Unveils Trade War ‘Countermeasures’
“Unloading Dollar Assets Would Be Most Effective” – Chinese State Media Unveils Trade War ‘Countermeasures’ After President Trump declared “economic war” with China, seemingly following Bannon’s strategy to maintain hegemony… “We’re at economic war with China,” he added. “It’s in all their literature. They’re not shy about saying what they’re doing. One of us is […]
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties One of the more under-reported stories – at least among the Western press – are the growing tension between China and India. As reported over the weekend, in the latest escalation, Indian and Chinese soldiers, in addition to the ongoing tense military […]
Trump Warns Xi: Trade War With China Begins Monday
Trump Warns Xi: Trade War With China Begins Monday As if there weren’t enough geopolitical and social stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade […]
