It’s Time To Make Rolling Back 71 Years Of Progress On Global Trade Great Again!
Put away your jingoism for a minute and ask yourself if you honestly believe that rolling back what you see in the chart below is really going to help middle America…
Put away your jingoism for a minute and ask yourself if you honestly believe that rolling back what you see in the chart below is really going to help middle America…
As we saw this week, they’re not so good at being subtle.Â
Hint: there’s a moron in charge of U.S. trade policy.
“Maybe if I tweet about it enough”…
UK Cut to Aa2 From Aa1 by Moody’s.
Whatever the case, the assumption here is that this will get done come hell or high water (with the latter having already arrived in Texas and the former well on its way between North Korea and Irma).
“I was taken aback this morning when someone said to me that this was an especially concerning time because of the crazy person in charge.”
“A contraction of federal spending of this magnitude, the risk of default, sovereign reputational risk, and negative consequences for confidence and private sector behavior would likely push the economy into a recession if the situation persisted.”
TRUMP THREAT MOST SERIOUS EVER AGAINST VENEZUELA: INFO MINISTER
TRUMP TELLS CALVO THAT “1000 PERCENT” BEHIND GUAM: CALVO
TRUMP IS SAID TO CALL FOR CHINA TRADE CRACKDOWN MONDAY
TRUMP’S LAWYERS SAY HE’S LEGALLY FREE TO BLOCK TWITTER USERS
“And I liked your editorial today, very nice. (Laughs.)”
“Many risk assets are ripe for a correction from elevated levels and North Korea’s latest provocation provides sufficient excuse for traders to act.”
“But rolling back globalisation would be as foolhardy as rolling back technological change.”
“It is my privilege to bring NAFTA up to date through renegotiation,” Trump said, adding that he “believes that the end result will make all three countries stronger and better.”
“With French political risk significantly reduced (even if there’s still a two-week second round campaign to negotiate), an improving global economy, steadier oil prices, and most of all, range-bound US yields and a lack of fear of rapid Fed tightening, investors see few demons and are off in search of yield.”
Are you confused about the political outlook in Washington? Yeah? Well, that’s ok because believe
“Equity markets are priced for too much hope, high yield bond markets for too much growth, and all asset prices elevated to artificial levels that only a model driven, historically biased investor would believe could lead to returns resembling the past six years, or the decades predating Lehman.”
“Mr President, you use a language which is more abrasive than many of your predecessors . . .”… I would say. I hope so.
“Is this GOP Congress an opposition party or a governing party?”
Courtesy of a guy who no one except Donald Trump takes seriously…
“According to research from the Peterson Institute, under a full trade war, the US economy would be pushed into a recession over the next 2 years and the unemployment rate would push above 8%.”
“At the same time, tariffs would weigh on US growth. If we assume that Mexico and China retaliate with equivalent tariffs, this would substantially reduce demand for US exports, depressing US GDP by around 0.7pp by 2019. In fact, tariffs would likely hit US GDP so sharply that the Federal Reserve would be prompted to reduce interest rates to cushion the blow—despite an increase in inflation.”
“Phenomenal.” Just one word. That’s all Donald Trump thinks you need to know about his
As you probably know, Donald Trump is going to address Congress on Tuesday and as
Ok so it’s Thursday morning and everyone has generally come around to what I said
If you have multinational US corporate behemoths in your portfolio, you’re probably acutely aware of
First on Trump’s FX hit list: Switzerland?
Analysts are now forced to take Trump’s tweets into account when commenting on the prospects for specific stocks. That, in turn, has led to the contention that idiosyncratic risk will almost invariably rise during Trump’s presidency. It’s thus very possible that Donald Trump could single-handedly bring about a shift in inter-market correlations.
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