"The Commerce ministry welcomed Wednesday’s WTO ruling against Obama-era anti-subsidy tariffs on Chinese goods. The decision "proves that the US side has violated WTO rules and repeatedly abused trade remedy measures..."
Yesterday, we showed that according to Wall Street , the biggest tail risk facing investors right now is a "trade war" and that should trade tensions escalate, lower stock prices would be the immediate result. Today, this is precisely what is happening.
"The first law of Bubble Finance is that stock market crashes trigger recessions, not vice versa. That stands your grandfather's macroeconomics on its ahead, yet the causal chain from which it arises is straight forward..."
"The Theranos story is an important lesson for Silicon Valley...Innovators must tell investors the truth about what their technology can do today, not just what they hope it might do someday.” - Jina Choi, SEC
If those words bring to mind Tesla, it may not be an accident.
Amid reports that Tesla's two top financial executives have suddenly quit, Tesla employees told CNBC that the company is manufacturing a high ratio of flawed parts and vehicles that need rework and repairs.