05/08/2019

08.05 BREAKING NEWS: U.S. Treasury Designates China as a Currency Manipulator

by John Galt August 5, 2019 17:56 ET Flash headline on CNBC, more details to follow shortly. This is not going to be a good night in the currency, bond, or equity markets, IMHO! Updated with more 18:02 ET via ForexLive: Mnuchin says China is a currency manipulator Excerpted: US Treasury Secretary Mnuchin has said China is a currency manipulator. Via an official Treasury statement.  Mnuchin adds: will engage with the IMF to eliminate unfair competitive advantage by China’s actionssays China’s actions are a violation of China’s G20 commitments to refrain…


The Deadly Fork in the Road in 12 Terrifying Outcomes

by John Galt August 5, 2019 05:00 ET To be quite honest, I like President Donald J. Trump’s approach to the Presidency in many ways. However, I fear some of his tactics and personality traits are putting us on the road to disaster. His history of “getting going” when the going gets tough is not an attribute I would rate as a premium optimal outcome for our society. After all, there is this as evidence, among a lot more: Thus as I discussed in a previous article about the fork in…


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