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:
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.
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%...
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