Read more on this subject: Trump Administration
News Story Source: https://moneymaven.io
To win his trade war, Trump seeks a currency war.
Pump the Money
Donald J. Trump on Twitter
"China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business…
China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing. If the Federal Reserve ever did a "match," it would be game over, we win! In any event, China wants a deal!
Lead image from Hedgeye with my anecdote in white.
Another Routine Lie
For starters, note the routine lie in Trump's Tweet. If China wanted a deal we would have one. More accurately, both sides have to want a deal.
But wanting a deal and demanding terms the other side cannot accept is an admission you really don't want a deal.
The important point is not the routine lie which we expect daily from Tru
Read More or Make a Comment