Trump proclaims that his trade war strategy is designed to shrink the trade deficit. The facts make it clear that his ideas don't work. The Commerce Dept. recently reported that the trade deficit for goods & services in the 1st three quarters of the year jumped 5.4% over the same period last year.
Treasury CTAs are back to "+100% Long" even as various other factors are conspiring to push equities to new all time highs with each passing day. Here's why.
The brutal reality of the last 10 years – all that lovely money central banks created through QE, that was supposed to fuel growth through economic multiplier effects, got sucked into the stock market swamp...
