The spillovers will be “tremendous.”
“U.S. is asking China to open its markets but creates obstacles for China, contravening principles of equality, fairness and reciprocity.”
It’s more likely than not that Trump takes it up another notch, so be prepared.
3,000 is your number, apparently.
CHINA CUTS RRR FOR QUALIFIED BANKS BY 1 PERCENTAGE POINT
China is going to hit you with so much news that you’ll have a difficult time crafting a consistent narrative and who knows, maybe that’s the point.
“We must carefully consider whether we can cope with the increase in interest expense on loans, and we must also pay attention to the increase in interest rates to asset prices.”
I guess it’s time for Xi to make some red trucker hats – #Make China Great Again!
“It’s a good thing Xi is bringing this tone to it because markets would be very upset if he played it like Trump.”
“There are no good options”.
“So, if we assume that Trump wants to reverse this process, then what’s the logical outcome?”
“…there are simply not enough US exports to retaliate against.”
He’s right and wrong. But mostly wrong.
An “immediate, intense” fucking.
“Let’s run through the numbers”.