I've been hearing from multiple sources that the Canadians are unloved by Trump's trade negotiation team. This Bloomberg clip gets at the heart of the reports, with the Bloomberg reporter saying that US trade representatives are "bashing…
Today's daily includes stories on the global economy, inflation, monetary policy and trade.
Today's daily post ismore on the political economy side. Top items include inequality and political control and Trump's negotiations with Canada.
Jean-Claude Juncker told German media outlet ARD that the EU was not working on an agricultural deal with the US involving soybeans and beef. This contradicts messaging from the White House.
If a US trade war escalation leads to a wave of bankruptcies in China, the Chinese escalate in kind.
Economic news yesterday was dominated by the Facebook revenue warning and an EU-US trade summit in Washington.
Lots of positives. The earnings data looks good. This Goldilocks period for the US looks set to continue. Even Germany has shown some signs of economic strength recently.
The "Trump Unchained" policy tack is gathering steam as Trump lays the groundwork for a post-globalist world.
This is Credit Writedowns daily newsletter for 19 Jul 2018. The big issues: the US economy, Fed policy, currencies, trade and government deficits.
The Trump Administration has launched an investigation into auto imports on national security grounds. But trade in uranium may be closest to what reasonable people might think as a national security issue.