China

China

Moral Supremacy And Mr. Putin

Is Donald Trump to be allowed to craft a foreign policy based on the ideas on which he ran and won the presidency in 2016? Our foreign policy elite’s answer appears to be a thunderous no.

US Trade Deficit In 2016 Was The Biggest In Four Years

While the good news is that for December the US trade deficit narrowed modestly to $44.3 billion, better than expected, the bad news is that for all of 2016, the goods and services deficit was $502.3 billion, up $1.9 billion from $500.4 billion in 2015, and the biggest deficit going back to 2012.

Frontrunning: February 7

  • Senate to Vote on DeVos Confirmation Amid Fiery Debate (WSJ)
  • Investors Cut Back on Commercial Property (WSJ)
  • Euro, European bonds unnerved by French politics (Reuters)
  • Trump’s Dodd-Frank Do-Over Diverted to Slow Lane (BBG)
  • In GOP, Divide Grows Over Pace of Obamacare Repeal (WSJ)

Chinese Reserves Unexpectedly Drop Below $3 Trillion For The First Time Since 2011

Beijing surprised China-watchers this morning, when the PBOC announced that in January, China’s foreign-currency reserves dipped by $12.3 billion, below the key "psychological level" of $3 trillion, or $2.998 trillion to be exact, declining for the 7th consecutive month, and dropping to the lowest since early 2011.

S&P Futures, European Stocks Bounce As Dollar Rises Most In Two Weeks; Gold, Yen Slide

The dollar rebounded from a key support level, strengthening against all major peers, pushing S&P futures higher as European shares rose, led by basic resources and real estate, while Asian stocks fall. Gold fell from its highest level since November as demand for some haven assets ebbed while global bonds declined. Oil dipped, pressured by a stronger dollar.

Canada At 150: Hate Crimes & The Chinese Question

As it turns 150 years old in 2017, Canada faces a surge in hate crimes amid growing nativist anger against Chinese migrants, Muslim refugees, and public officials for their alleged role in worsening the country’s socio-economic conditions, said community leaders and analysts.