Donald Trump is facing a difficult decision! China is now demanding more and more loudly and vehemently that not only all planned US tariffs be cancelled, but also that all or many of the previously introduced punitive tariffs be reversed (as the Global Times said tonight). This puts Trump under pressure. He absolutely wants a deal to remove a major obstacle on the road to re-election. But on the other hand he cannot meet the demands of the Chinese without “losing face” in domestic politics. The US stock markets are still euophoric (Fear & Greed Index at 89!) and overbought. If the long-priced in Phase 1 deal doesn’t come, a major setback threatens.
It could get serious for Donald Trump: Now the first Republican senator said he could vote for impeachment. Mitt Romney, senator for the US state of Utah and former presidential candidate, is challenging the US […]
What is currently happening on the markets is downright absurd regarding the scale of events! An economic system breaks down Why is that? Because an economic system that has existed for more than thirty years […]
A column from New York by Herbert Bauernebel The boom in the USA continues to deliver record figures – but is the US economy slowly overheating? The figures are impressive about a US economy steaming […]