Thursday, December 5, 2019

Ambrose Evans-Pritchard - Donald Trump is losing his trade war with China, and running out of economic time

Donald Trump has got away with his many trade wars over the last eighteen monthts because the US economy has been on steroids, a form of macroeconomic cheating that briefly steals growth from the future but catches up with you.

The rest of the world has been struggling with an auto-led manufacturing slump. This came close to recession conditions earlier this year and touched bottom in August.
The Telegraph 

2 comments:

Bob said...

American autoworkers are being laid off too.
Trump said he likes the idea of waiting until after the 2020 election to "close" a trade deal with China.

No recession until Mike Norman starts singing.

Matt Franko said...

Yo S&P 500 just made an all time high a week or two ago... Shanghai last high was June 2015... Shanghai down over 40%...