China Outflanked Trump. The Game Is Lost.
Trump is a flailing desperate drunk, swinging for China on Trade & Covid. WH went ''all-in'' on China trade purchases ( wont happen ), meanwhile Covid unwind has been a disaster ( x2 dip ?) leaving Trump 2020 chances almost negligible.
Trump is a flailing desperate drunk, swinging for China on Trade & Covid. WH went ''all-in'' on China trade purchases ( wont happen ), meanwhile Covid unwind has been a disaster ( x2 dip ?) leaving Trump 2020 chances almost negligible.
Contrast with China, now on road to recovery with monetary stimulus negligible vs FED which might do more (Clarida) & likely congress slow on more fiscal. Exploding dificits & easy Fed will weigh on dollar. Meanwhile China declared a war of its own, building a tech revolution &
then a ''call to arm's'' telling its people to get on board the stock market. yield differential & state sponsored tech explosion ( Nasdaq 95-00 ) will lift the Yuan driving a broad dollar drop. A weaker dollar boosts global growth ( NB 2009 it helped start a stock mkt rally
bottom line, Trumps race is run. The markets are forward looking. He is superflous to the outcome. Expect broad dollar weakness, Yuan strength with chinese tech tech/digital/blockchain driving gobal stocks in a miror image of the nasdaq / dollar rally from 1995-2000.
