“On a Scale of 1-10, It’s an 11” – Wall Street Reacts to China’s Retaliation
By Zero Hedge
One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative. Read more...
By Zero Hedge
One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative. Read more...
Trade War: China Suspends Purchases of US Agricultural Products
By Telesur
China’s Commerce Ministry announced Tuesday that the Asian country will suspend the purchase of U.S. agricultural goods in response to the recent announcement that the President Donald Trump administration will increase tariffs to Chinese exports. Read more...
Trump War on China by Other Means. Economic Warfare. Things May Get Ugly
By Stephen Lendman
China is rising, heading toward becoming the world’s leading economy — already No. 1 ahead of the US on a purchase price basis, what a basket of goods costs in both countries. Read more...
Over this weekend, China’s Yuan currency broke out of its band and devalued to more than 7 to $1. At the same time China announced it would not purchase more US agricultural goods. The Trump-US Neocon trade strategy has just imploded. Read more...
The Dangerous New US Consensus on China and the Future of US-China Relations
By Prof. Mel Gurtov and Prof. Mark Selden
The trade war and technological competition with China are symptomatic of a much larger issue: a dangerous gridlock in US-China relations that may become permanent, with dire consequences not just for the two countries’ economies but also for the global economy and quite possibly East Asia’s and international security. Read more...
Trump’s Trade War Measures Hit the Financial Markets
By Nick Beams
Financial markets around the world fell on Friday as a result of the shock wave from US President Trump’s surprise announcement Thursday that he intended to impose a 10 percent tariff from September 1 on a further $300 billion worth of Chinese goods. Read more...
Financial Capitalism Gone Amok: Ultra-low Interest Rates and Price Bubbles
By Prof Rodrigue Tremblay
Don’t look now, but there is a new monetary craze going on in some parts of the world, and it is the new so-called ‘unconventional’ monetary policy adopted by some central banks to push interest rates to ultra-low levels, and even into negative territory. Read more...
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