A Two-Front War, Tariff Headline Hockey And The Updated ‘SG Swan Chart’
Donald Trump spent the better part of H2 2018 complaining that Jerome Powell's Fed wasn't giving him the dovish cover he needed to wage his trade war.
During his infamous July interview with CNBC's Joe Kernen, Trump made it abundantly clear that he understood the extent to which a "trade" war is really just a "currency" war. The Fed, by leaning persistently hawkish, was contributing to dollar strength by driving the monetary policy divergence between the US and the rest of the world wider. The
Let’s not forget that the WSJ is owned by Rupert Murdoch / News Corp, otherwise known as Fox News. Hence it’s now a mouthpiece for Trump just like Fox News TV. Their “scoop” was a pile of poop.
Sad to see what was such a venerable news organization loose all its credibility
Remember, our ‘stable genius’ said, “Trade wars are easy to win!” NOT.
How about the U.S. Administration agreeing to lift the Steel and Aluminum tariffs against Canada and Mexico, in exchange for Canada agreeing not to use Huawei gear in their 5-G network build out? That would both p!ss off China, and solidify the ‘5-eyes’ security network. Maybe Putin wouldn’t like it , so it has a small likelihood of being implemented.