Trade Optimism Dashed As Trump Doubles Down, Threatens iPhone Tariffs
“If we don’t make a deal, then I’m going to”…
“If we don’t make a deal, then I’m going to”…
The “synchronized global slowdown” narrative is gathering momentum.
This is just kind of “the way it is”, so to speak.
The worry is stagflation.Â
Welcome to the Twilight Zone.
Don’t worry, China is still on @realDonaldTrump’s “manipulator” list.
It may not be sustainable, but it sure is funny.
“…the U.S. should be allowed to recapture what was lost.”
“…almost at times looks like the Democratic opposition.”
What does history tell us?
To say the market got a “reprieve” from trade frictions this week wouldn’t be entirely accurate…
Unfortunately, Peter Navarro was on national television this morning…
This is the dollar’s “key statistical property”.
“…we believe the US could announce plans to impose tariffs on ‘phase three’ within the next couple of weeks.”
And just in time for Tim Cook to rollout the new models. How fortuitous.
“We are looking forward to a more beautiful counter-attack.”
Donald Trump is a man who knows an “exciting” plan when he hears one…
For what it’s worth…
Maybe now America will listen.
“That’s what we learned at the Wharton School of Finance 
“No. We disagree.”
“…it would likely soon be appropriate to take another step in removing policy accommodation.
Kings, squids, inversions and squeezes.
Signal versus noise.
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