Ms Meng Wanzhou, a Chinese citizen, was jailed in Vancouver for political reasons. When the US gave her Chinese company — tech giant Huawei — its marching orders, she failed to salute.
In 2007, the Global Financial Crisis hit, and it saw the US fall into a recession, that saw some calling it a depression.
The Great Recession lasted for 18 months, from December 2007 to June 2009. In the nine years since then, the US have kept their title of holding the largest economy in the world.
Another GFC On The Way?
It has enormous influence over the direction of financial markets and your investments. But will its trillion dollars in government debt prove the end of the Empire? Or can resurgent industries like technology and energy put America back on the front foot?
Is this the beginning of the next GFC? And if it is, Australia could be affected enormously this time around.
But we’ll leave it to you to make up your own mind after reading from this diverse group of analysts.
Meanwhile, the US is going broke. Deficits doubled in the last two years. Between the anvil of rising entitlements and the hammer of rising Pentagon spending, US finances are being beaten hard.
The witch hunt against Donald Trump is unlikely to die down. So, despite the current weakness in the gold price, if the witch hunt heats up, history could repeat and gold could slingshot higher.
If raising rates is such a problem, we guessed that the president would not want a real trade war. Higher import prices will quickly mean higher interest rates.
Markets have taken this change in rhetoric as a sign that the Fed may be pausing on their resolve. These two bullish pieces of news could push the markets higher by the end of the…
In the real world, the trade imbalance with China can’t be negotiated away. China makes cheaper, more competitive products. That wouldn’t change, even if trade barriers — including NTBs (non-tariff barriers) — were eliminated completely.
Tomorrow, we will discover that it didn’t really matter so much after all. Yes, a deal will most likely be made. Mr Trump may or may not be a stable genius, but he’s no fool.…
The stock market continued with a modest bounce yesterday…but America’s automotive giant, General Motors, sank into the mud.
The US has something like 800 bases around the globe, located in 70 different countries. From huge military bases, to small radar facilities.
The US market has also fallen 10%. We underperformed the US market (by a huge margin) on the way up, yet, we have managed to match its performance — so far — on the way…
The recent APEC conference in Papua New Guinea (PNG) highlighted how far apart the US and China still are on trade — but there has been little discussion of what implications the trade war has…
You may recall that ‘stagflation’ was thought to be impossible. The Phillips Curve suggested that inflation drove employment. That’s why the feds pursue a 2% inflation target rather than a 0% inflation target.
It’s now been four straight losing sessions in a row for stocks heading into today. And recent data continue to bolster the Federal Reserve’s ‘normalisation’ plan.