Tuesday, July 9, 2019

Whack-O Theory of 7/9/19: Who's kidding who? China is winning the trade war!

Please remember, what follows is but Whack-O!

US is suffering from: tariffs on tech items from China; the collapse of soybean sales; possible devaluation of the dollar; likely 2020 recession invading its borders; lack of an aggressive globalization policy; and overtaxing the middle class to pay for the wealthy's recent financial bonanza.  All Trump is willing to do to stem the effects of the wall he's built around our shores is--amass coppers in his coffers and be wary that no one sees his tax records.  Better he hope the Feds will lower the interest rate and soon--this month!

Meanwhile, opportunities go flying by!   China is preparing to be a major distributor of EU goods and services throughout Africa via Italy.  Its negotiating with the Italian government now.  And, the African Union has opened up African countries to free trade--there resides the Chinese all over the continent.  Moreover, trade business between Japan and China couldn't be better, in my opinion.

So, yes, we're waiting to see what great trade agreement Trump has in mind for China and Asia.

But I agree with the President on one thing: Brexit itself is a good deal for Britain!  Can hardly wait for its blessed birth for the whole world to see.

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