Equity markets once again rallyed yesterday for hopes of rumors of progress in negotiations between the U.S. and China. Weak U.S. economic data, on the other hand, has been ignored. But now time is running out: on December 15th the further US tariffs against China would come into force. It is unlikely that the Phase 1 deal will be signed before that. The stock markets are assuming that Trump will postpone the tariffs – and what if not? Meanwhile, there are new indications regarding the US repo market: Fed Vice-President Quarles (who will be questioned again today) sees a cause in the central bank’s regulations, but the problem is likely to be deeper. Without the Fed, the US money market would be dead.
Dirk Mueller sees a global economic downturn at work. But at the same time he also sees a stock market manipulated upwards by the central banks. In addition, there is Donald Trump, who has a […]
Despite the clear facts the markets have still maintained the hope of an early agreement between the US and China – but now there is obviously silence as the Chinese media report! Strong accusations against […]
The stock markets in China are rising today. This is because the government in Beijing is apparently manipulating the figures again and is not afraid of absurdities. China’s health commission claims that yesterday’s death toll […]