Trade Wars

Mexican Industrial Production Crashes In April

Delayed blowback from Trump? Mexico's Industrial Production crashed 4.4% in April - the biggest drop since Oct 2009 - with manufacturing dropping after surging in March.

Sugar Wars - Sweet Deals, Bad Policy

A “sugar bomb” will detonate on June 5 unless the US and Mexico can reach an agreement on sugar imports within the next week...

Trump-Xi Deal Could Fuel A U.S. LNG Boom

The glut is still here, and there is no gas-related OPEC to try and do anything about it, so prices are bound to stay low for a while longer. For how long, it is difficult to say. Capturing a piece of the Chinese market may be a challenge but the rewards to be reaped sure look like it’s worth it.

Speculators Have Never Been More Bearish On The Loonie

Since President Trump met his Candian counterpart Justin Trudeau in mid-February, speculators have piled into bearish Canadian Dollar positions. In fact, between imploding housing bubbles, crashing oil prices, and escalating trade wars, bets on a battered Loonie have never been higher...

And The Worst-Performing Currency Since Trump's Election Is...

Putting aside the hyperinflationary collapse of Venezuela's black market Bolivar, the Mexican Peso continues to languish since Donald Trump was elected President in Nov 2016 as trade wars and border wall discussion weigh the currency down. On the other hand, amid economic stumbles and nuclear armageddon on its doorstep, the Korean Won is outperforming...

Trader: Trump Tax Plan Likely To Send S&P To New Record Highs "No Matter What He Says"

"Investors are looking for a reason to buy U.S. equities again, which means they’ll probably find one in Donald Trump’s tax plan no matter what he says on Wednesday.  The prevailing sentiment suggests U.S. stocks will achieve record highs within days. It’ll just be a matter of how long it takes to work out which part of Trump’s proposal will justify that move after the fact."

IMF Drops Pledge To "Resist All Forms Of Protectionism"

A communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies" while omitting a call from its last statement in October to “resist all forms of protectionism."

The US & China: Why The Sudden Convergence On North Korea?

China is quite keen on projecting itself as a rising global power, and the dominant power in Asia and the adjacent seas. So how does it look when a supposed global power can't even control a client state on its own border? China's inability to influence, much less control, North Korea's nuclear ambitions and threats gives the lie to its claim of global power.

Are Central Banks Losing Control?

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.