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Investors Find Comfort in Brinkmanship Blinks

April 05, 2018
Global equity markets are higher, following the stunning recovery in the US yesterday, where the S&P 500 rallied 76 points or 3% from its lows to it highs, near where it finished.  The outside up day is seeing following through today.  Without China and Hong Kong, which are on holiday, the MSCI Asia Pacific Index snapped a three-day down draft…
Investors Find Comfort in Brinkmanship Blinks Investors Find Comfort in Brinkmanship Blinks Reviewed by Marc Chandler on April 05, 2018 Rating: 5
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When War is not a Metaphor

April 04, 2018
We have voiced our objections to the militarization of the language surrounding foreign exchange and trade.  For several years, the media and journalists played up ideas of currency wars--beggar-thy-neighbor competitive devaluations.   Leave aside the fact that it was often indistinguishable from easy monetary policies to facilitate economic recov…
When War is not a Metaphor When War is not a Metaphor Reviewed by Marc Chandler on April 04, 2018 Rating: 5
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Trade Specificities Rattle Markets

April 04, 2018
Late yesterday, the US announced that specific tariffs and goods that would be targeted for intellectual property violations.  China had warned of a commensurate response and earlier today made its announcement.  This sent reverberations through the capital markets, driving down equities, corn and soybean prices (subject to Chinese tariffs).  The …
Trade Specificities Rattle Markets Trade Specificities Rattle Markets Reviewed by Marc Chandler on April 04, 2018 Rating: 5
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Irish Border and Magical Realism

April 03, 2018
The UK says it will leave customs union on in a year's time. However, it also says it accepts that there cannot be a hard border between Northern Ireland (part of the UK) and the Republic of Ireland.    Nor can the hard border be placed between Northern Ireland and the UK.  The Democratic Unionists of Northern Ireland have given Tory Prime Min…
Irish Border and Magical Realism Irish Border and Magical Realism Reviewed by Marc Chandler on April 03, 2018 Rating: 5
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