Steve Mnuchin Declines To Name China A Currency Manipulator, Will Leave That To Trump’s Twitter Account
“Treasury continues to urge China to enhance the transparency of China’s exchange rate.”
“Treasury continues to urge China to enhance the transparency of China’s exchange rate.”
Let’s be clear: It is impossible to estimate the impact of an all-out trade war on equity prices.
A decision is expected within “weeks”.
“We will do everything we can to keep prices low, but”…
The discussion always comes back to liquidity…
“…the deal will become far worse for them.”
On the bright side, there’s always buybacks.
Don’t call it a comeback – no, really, don’t.
“This was a momentum shock, not a structural slowdown.”
“He has every right”…
“We’re gonna give ’em a one-year warning”…
“Believe me, I tried. Don’t think I didn’t try.”
Back to the insanity loop.
Curb your enthusiasm?
And that’s pretty much where the good news stops.
“Already in the bag”?
The bottom line is that Trump has predictably boxed himself in.
The coming “litmus test”.
Something’s got to give in 2019.
Trump doesn’t understand how any of this works – just a reminder.
Throwing in the towel – sort of.
Spoiler alert: the odds aren’t high.
“The U.S.A. is booming!”
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