Saturday, US Treasury Secretary Steven Mnuchin said a US-China trade agreement would go “way beyond” prior efforts to open China’s markets to US companies and hoped that the 2 sides are “close to the final round” of negotiations. Secretary Mnuchin, speaking to reporters on the sidelines of the International Monetary Fund and World Bank Spring […]
President Trump expressed optimism that US-China trade talks in Beijing are progressing well. Chinese authorities to give a statement following the latest round of negotiations. “Talks with China are going very well!” President Trump tweeted on Tuesday as the 2nd day of mid-level meetings wrapped up. While the hosts indicated the talks would run Monday and Tuesday, […]
China Confident it Can Make President Trump’s Trade Deal $USO, $SOY, $UNG Wednesday, China expressed confidence that it can reach a trade deal with the United States. The remarks by the Chinese Commerce Ministry from Beijing followed Presidents Trump and Xi declaring a truce in the trade dispute at a meeting in Argentina Saturday evening. […]
Crude Oil at $100 bbl and the World’s Economy: Who Wins, Who Loses $OIL, $USO, $UGA Crude Oil prices are now begetting forecasts of a return to $100 bbl for the 1st time since Y 2014, creating both winners and losers in the world economy. Exporters of Black Gold would enjoy bumper returns, giving a […]
US Leads the Global Economies, EU Struggling $DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp Hits New Closing High on Strong US Economic Data The US economy is driving ahead of the rest of the world, now. May retail sales that topped forecasts Thursday, as the US racks up growth of at least 4% in the current […]
Xi Sailing BRICS’ Ship on Epic Voyage $GS, $CNY, $LNGVY, $BABA In stormy waters it is common for fishermen in Southeast China to set out to sea in groups. Each boat has its own Captain, but they will discuss fishing strategies when they return from a voyage. Over cans of beer, they argue but soon […]
US Launched Trade Investigation into China’s IP Practices Friday, the United States formally launched a trade investigation into China’s IP (intellectual property) practices and forced transfer of American technology, which President Donald Trump called for this week. “On Monday, President Trump instructed me to look into Chinese laws, policies, and practices which may be harming […]
GCC States Push for UK Free Trade Deal After Brexit Trade between Britain and the GCC totals about $37.5-B annually Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months, officials said Monday. Britain cannot formally […]
Trump Stimulus Expectations Driving US and World Economies $DIA, $SPY, $QQQ, $VXX The world economy will grow steadily over the next 2 years, meaning investors should stay invested in equities, according to Barclays Capital Plc. Barclay’s analysts presented several major themes for the next 2 years Thursday, they are: President Donald Trump and Republicans in […]
China’s 2016 Growth Reasuring in Weak Global Economy China will meet its growth target of 6.5 to 7% growth this year, a reassuring sign for a “weak and vulnerable” global economy, according at on official commentary Monday. It noted a “troublesome start” to Y 2016, probably referring to a sharp fall in the RMB Yuan […]
Money Flowing Out of Emerging Market ETFs In the week ended 16 November $6.6-B flowed out of EM (emerging-market) debt, according to the data, halting 18 consecutive weeks of inflows. In the 2nd full week of November, ETFS (exchange-traded funds) that buy emerging-market securities saw withdrawals around the world worth $1.4-B. While the rising USD […]
USD Charging North on Interest Rate Bets $DIA, $SPY, $QQQ, $VXX The US climbed to its highest level in about 14 years Vs a basket of peer currencies Friday, while US T-Bond yields were set for their biggest fortnightly rise in 13 years on bets US inflation and interest rates are headed North. A growing […]
The World’s Central Bankers are Buying Gold $GLD Friday, Gold regained the 1,300 oz mark on concerns about the outcome of the US elections and the NFPs data that could set the pace of Fed interest rate hikes in the US. YTD Gold is up more than 20% in price, thanks mainly to investors in […]
Globalization Backlash at Odds with Elites Plans for the World The policy-making elites gathered in Washington for meetings charged with determination that globalization is what is best for the people of this world, and that is at odds with the inequities it creates. From Britain’s vote to leave the EU to Donald Trump’s championing of […]
Global Economies have Stalled, Now where do Investors go with their Money? Global growth is weak, and will be eroded further by Brexit, Crude Oil prices are low, and falling, the he world has excess capacity and a wage-depressing labor surplus, corporate profits are shaky, and deflation is laying bare the impotence of central banks. […]
Experts See Gold Rally Extending $GLD, $SLV Gold has rallied strongly YTD with recent world events pushing it higher as anxious investors seek its safety and preservation of wealth and buying power. From Britain’s sudden exit from the EU, to the most contentious Presidential election seasons in US history, to ISIS terrorist attacks, the only […]
The Rising Wave of Anti-Globalization Worries IMF Thursday. International Monetary Fund (IMF) chief Christine Lagarde called for global cooperation to improve living conditions in low-income countries, against the backdrop of rising anti-globalization sentiment. “The greatest challenge we face today is the risk of the world turning its back on global cooperation — the cooperation which […]
Household Incomes Fall In Advanced World Economies The real incomes of about 67% of households in 25 advanced economies were flat or fell between Y’s 2005 and 2014. This phenomenon could have very damaging economic and social consequences. The data shows that most people growing up in advanced economies since World War II have been […]
Earth Day Proves The Value of Water And More April 22, 2016 Ecological principles guide economic strategies to fit 21st Century conditions. Mekong River floodwaters force Vietnamese farmers to erect barricades to protect their fields. From 1980 to 2014, 41 percent of all the economic losses globally, and 27 percent of the fatalities, were from […]