And another great meme dies after two months of the trade war.
In what has been hyped, lied about, promoted, and used to pump markets up, up, up so as to save the credibility of the Trumpster and his minions the magic phone call has finally happened per Xinhua:
Unbelievably, it’s been about 30 minutes since the press release and no posts on Truth Social yet, no statement from the White House as of publishing this article.
The primary reason for the call was to keep US Treasuries and equities from rolling over so after this mornings stagflationary economic readings, the can proudly proclaim mission accomplished!
Now let’s see what the official read out is this morning from Trump followed by the Chinese government later on tonight. If this was a short phone call, especially after all the disrespectful statements from Trump, then that is less than ideal.
