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A ‘Disastrous Non-Starter’: China Capital Restrictions Idea Laughed Off Stage
US stocks are squarely on the back foot again, and that's thanks in no small part to Friday's news t
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Barron’s says it’s no big deal, this is old news.
Barron’s is a joke.
Seriously does the entire administration scramble to place puts after morning briefings?
Key point, as we wrote in that Treasury piece on the front page of the Weekend section, is this:
—- Although this isn’t an entirely “new” idea, and although it does have some support among lawmakers, tariffs weren’t a “new” idea either — the point being, the prospect of Donald Trump and Peter Navarro spearheading a push to forcibly restrict US investment in China with draconian interventions in capital markets is terrifying, irrespective of whether similar proposals have been advanced and discussed by sane individuals in the past.