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Trump Blinks: Opts For Less Aggressive CFIUS Approach To Protecting U.S. Tech After Stock Market Turmoil
Well, he blinked - sort of.
Amid a worsening selloff in China and signs that the turmoil in Shanghai, emerging markets and European auto shares was set to spillover into U.S. equities, the Trump administration has decided against using the harshest measures available to restrict Chinese investment in U.S. industries.
According to U.S. officials who spoke to reporters, the Trump administration will use CFIUS to safeguard U.S. technology.
That was tipped on Tuesday and comes after a trial ballo
The next play is China’s now, as crude priced rise, the yuan tumbles, and Trump appears conciliatory.
Got US treasuries?
Got bitcoin? lol
It’s hard to ignore Richard Koo at this point, where he aegues for more fiscal spending to get those needed dollars deployed into the economy (e.g., the “wall”, trade “war”, etc.)…whatever it takes to get majority consensus to spend and accept the increased debt level.