Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Unless someone backs down in a major way, this trade war is going to last for a very long time, and the Chinese have made it exceedingly clear that they are never going to back down on the core issues. So that means that the only way out is for President Trump to back down, … Read more
As expected, trade negotiations with China concluded on Friday with no trade deal in sight. Treasury Secretary Steven Mnuchin called the negotiations “constructive”, and that helped calm the financial markets, but there really isn’t any reason to be optimistic at this point. The negotiations that happened this week did not even come close to producing … Read more
At 12:01 AM eastern time on Friday, President Trump followed through on his threats and hit China with a massive tariff increase. As you will see below, China immediately pledged to retaliate. U.S. and Chinese officials will continue to negotiate throughout the day on Friday, but if U.S. officials were optimistic that a deal was … Read more
It sure looks like nothing can stop the trade war now, and that could potentially be absolutely disastrous for the global economy. The last major trade war began in 1930, and it turned an economic downturn into the Great Depression of the 1930s. But without a doubt something needed to be done about China. They … Read more
If negotiations between the Trump administration and the Chinese government do not produce a trade deal by Friday, it is going to be absolutely catastrophic for Wall Street. On Tuesday, trade fears pushed the Dow Jones Industrial Average down 473 points. It was the second-worst trading day of 2019 so far, and at one point … Read more
If your head is spinning from the wild fluctuations that have shaken global financial markets, you are definitely not alone. On Sunday, President Trump angrily threatened to hit China with enormous new tariffs, and it looked like hopes for a trade deal between the United States and China had collapsed. Overnight, Chinese stocks had their … Read more
Chaos has returned to global financial markets, and it does not appear that there will be an easy fix this time. For the first four months of 2019, the mainstream media told us over and over again that a great deal of progress was being made on a trade deal with China and that negotiations … Read more
After taking an honest look at the facts, I don’t know how anyone can possibly claim that the U.S. economy is “booming”. I really don’t. We hear this sort of rhetoric from the mainstream media all the time, but it doesn’t make any sense. As I discussed yesterday, nobody should be using the term “booming” … Read more