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Trade Wars Just Beginning…The War Is a Fight Over an Indefinitely Shrinking Pie
Trade Wars Just Beginning…The War Is a Fight Over an Indefinitely Shrinking Pie From a growth perspective, it doesn’t matter if the world is 7.5 million or 7.5 billion persons…it only matters how many more there are from one year to the next. Economic growth (or the ability to consume more…not produce more) is about the […]
Trade War Game On!
Trade War Game On! Interesting Times Arrive “Things sure are getting exciting again, ain’t they?” The remark was made by a colleague on Tuesday morning, as we stepped off the elevator to grab a cup of coffee. Ancient Chinese curse alert… [PT] “One moment markets are gorging on financial slop like fat pigs in mud. […]
US Deploys Three Carrier Battle Groups To Face-Off Against Chinese Aircraft Carrier In South China Sea
US Deploys Three Carrier Battle Groups To Face-Off Against Chinese Aircraft Carrier In South China Sea Last week, we reported that satellite images had captured China’s only aircraft carrier in deployment, the Liaoning, flanked by 40 other warships and submarines, conducting unprecedented live-fire drills in the South China Sea. This massive Chinese naval exercise was observed […]
Here Are China’s Five Options For “Nuclear” Trade War
Here Are China’s Five Options For “Nuclear” Trade War After Trump ordered the USTR to consider an additional $100BN in tariffs, something we said on Wednesday would happen if the market was dumb enough to allow Trump to think he had a trade war victory by closing green… S&P 500 EXTENDS GAIN ABOVE FRIDAY’S CLOSE, […]
China’s ‘Social Credit System’ Sounds Pretty Dystopian, but Are We Far Behind?
China’s ‘Social Credit System’ Sounds Pretty Dystopian, but Are We Far Behind? The ACLU declared China’s system “nightmarish,” and it’s not difficult to see why. In its third season, the British science fiction TV series Black Mirror featured an episode called “Nosedive.” The episode, which was co-written by The Office actress Rashida Jones and starred Bryce Howard, depicted a society […]
China Vows To “Firmly Attack” Trump Tariffs “To The End At Any Cost”
China Vows To “Firmly Attack” Trump Tariffs “To The End At Any Cost” China has responded to President Trump’s calls for an additional $100 billion in tariffs, saying that it would counter U.S. protectionism “to the end, and at any cost.” “The Chinese side will follow suit to the end and at any cost, and […]
Coming Attraction: Lunatic Loose in West Wing
Coming Attraction: Lunatic Loose in West Wing As Uber-Hawk John Bolton prepares to take over as national security adviser on Monday, Ray McGovern looks back at when Bolton was one of the “crazies” in the George W. Bush administration. John Bolton’s March 22 appointment-by-tweet as President Donald Trump’s national security adviser has given “March Madness” […]
China Declares Trade War Victory: Gloats At US “Suffering” After “Crushing Counterattack”
China Declares Trade War Victory: Gloats At US “Suffering” After “Crushing Counterattack” Barely a day after China dropped the hammer on US stock markets by unveiling retaliatory tariffs on $50 billion in US imports that – unlike US measures that mostly targeted obscure industrial products – actually struck at key industries like soybean farmers, automobiles […]
Trade War Looms Over Oil Markets
Trade War Looms Over Oil Markets Oil prices, along with equities across the board, were dragged down on Monday over fears of a brewing trade war. China announced $3 billion of tariffs on U.S. goods, including pork and recycled aluminum. The move came as a retaliation to the Trump administration’s 25 percent tariff on steel […]
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 […]
Will China Really Supplant US Economic Hegemony?
STR/AFP/Getty Images Will China Really Supplant US Economic Hegemony? As artificial intelligence reshapes the global economy, economists who once argued that China’s massive population would propel it to superpower status should rethink that assumption. In fact, as the global economy reaches higher stages of development, China’s labor advantage today could become a handicap tomorrow. […]
