When Trump sat down across the table from Xi Jinping, he mistakenly believed that it was an opportunity to do business. Xi let him believe it.
-
-
The Chinese Misconnection
-
The End Of The Bad Old Days
While the economy continues to churn along even into 2018, well beyond what I had predicted, two recent events indicate that the gravy train may finally be coming to a long overdue halt.
-
Dow Jones Loses Third of Gains since 2017
As of yesterday, the DJI has only 24.64% of its gains since that date, representing a loss of roughly a third of its gains.
-
A Short Word: The Drums of Trade War
With China instituting 25% tariffs on over one hundred American made products, a trade war with China is no longer a mere hypothetical, and with Donald Trump being who he is, he is practically guaranteed to retaliate "ten times harder" (basically another way of saying he'll grossly overreact to this threat to his manhood).
-
DOW Shudders as Fed Chair Empties
There is no arguing that the drop on Friday was anything other than a rout, and it remains to be seen if the weekend will be long enough to cool the white hot fears of inflation that drove the market stampede in the first place.
Liberty is For The Win 