Holdings of U.S. Debt

Started by Mackin USA, March 04, 2018, 11:20:50 AM

Previous topic - Next topic

Mackin USA

Cayman Islands > Parked Money?
Mr. Mackin

rcjordan


Mackin USA

YEP

But we have been in a trade war for years.
Mr. Mackin

rcjordan

>for years

And lost.

Here's an article from one of your regular reads:

QuoteIn retaliation, the European Union threatened to counter with tariffs of its own on products ranging from Florida oranges to cars produced in Michigan, with each tariff calculated to likewise hurt the President in a key marginal state.

But it was the market's response that broke the camel's back: what followed immediately after the tariffs were announced was a 30% plunge in the S&P 500, a slump in the dollar and a rally in bonds that slashed 10Y yields in half.

https://www.zerohedge.com/news/2018-03-02/2002-president-bush-imposed-30-steel-tariffs-what-happened-next

Trump's trying to bluff card-counters with a weak hand.