Category: blog
Confirmation that declines in Chinese purchases could be increasing U.S. interest rates, roiling stock market
President Trump is beating up on the Federal Reserve for raising interest rates, but the Fed does not have complete control. Big investors such as China (which holds $1 trillion in U.S. debt) can have major impact by simply buying fewer bonds and notes, as I suggested Oct. 5, seen here. Now comes confirmation from […]…
Is Trump Losing South Korea?
Priesident Trump was quoted recently as saying that South Koreans could “do nothing” vis a vis North Korea without his permission. Oops. According to this report in the New York Times today, South Korean President Moon, a child of refugees from North Korea and a liberal in favor of re-unification, is talking about demilitarizing the […]…
Ford Cutting Jobs Because of Trump Tariffs
Ford Motor said yesterday that it is going to have to cut management jobs in the United States because President Trump’s tariffs on steel and aluminum is hurting the company’s profitability. The story didn’t make the daily newspapers so for all my loyal readers, read it and weep…
Thanks to Andrew Ross Sorkin on China’s Holding of U.S. Debt
I am indebted to Andrew Ross Sorkin of The New York Times for following up on my blog from Friday asking whether the Chinese would “weaponize” (his term) their holding of $1 trillion of U.S. government debt. Here is his piece. He notes that the usual experts don’t believe China would ever do anything with […]…
