[Donald Trump] actually seems to be looking for someone to blame if the time comes when he is no longer able to support his claim that the economy “is doing really well.”
While Trump has continually claimed that his tariffs are a tax paid by China, in reality they are a tax on US companies and consumers and the new range of tariffs will make that more apparent to US consumers.
The dark clouds of trade friction have pushed the central banks of the leading countries toward monetary relaxation. With limited room for policy maneuver, the tactics of U.S. President Donald Trump – fanning discord while increasing pressure for relaxation – are simply inflicting unnecessary risks on the world [Read more]
The Fed's reduction of the interest rate can only be explained as a surrender to the intense pressures that plague the institution from almost all sides.
Yet relaxing monetary policy to prevent a recession, which will happen sooner or later, also leads to conditions for an even worse financial crisis than the earlier one.
[C]urrent circumstances appear to favor buying the U.S. dollar.
As true swords of Damocles, American sanctions create a climate of uncertainty.
It would be a blessing ... if the U.S. could achieve stable economic growth through domestic structural reforms and technological advances.