For The First Time In 5 Years, China Drops Key Currency Pledge In Sign Of Growing Angst
Remember how, earlier this month, the yuan staged a rally so large that it qualified as a 6+ standard deviation event going all the way back to the end of the dollar peg?
That "black swan" event came courtesy of hopes that Donald Trump's tweet about a phone call he had with Xi signaled the beginning of the end of a trade conflict that, if there's no resolution when the two leaders meet at the G-20, could find the U.S. slapping tariffs on the entirety of Chinese imports.
The good vibes surround
Re: Donald Trump’s tweet about a phone call he had with Xi and reports that the President had instructed aides to draft a trade truce.
Has it occurred to you that Trump or his minions are using his Tweets and rants to manipulate the markets? Given access to his Twitter account and press office Jared, Ivanka, et al could make BILLIONS front running the fake Trump news. That is something the Democrat’s should investigate.
The only reason that WOULDN’T happen is that nobody, not even the Donald himself, knows what is going to be tweeted until he tweets it.
Plausible deniability perhaps but under subpoena would Trump deny his big brain and stable genius? Nah he’d brag that he is the market and then refuse to disclose his trade tickets or those of Jared, Ivanka, Donnie and Eric. Executive family privilege.