This is the all-clear signal. Both nations made concessions, both saved face.
Donald L. Luskin
On the US/China Trade Breakthrough
Sunday, December 2, 2018
Trump 1, Powell 0
Wednesday, November 28, 2018
Trump and Mr. Market have ganged up on our rookie chair. He recants his hawkish gaffe.
Recession Risk at Last?
Tuesday, November 20, 2018
Here we go again. China and oil trigger an earnings decline and credit-spread breakout.
OPEC's Gifts to Trump
Wednesday, November 14, 2018
Production limits are coming. They'll support prices and transfer market share to the US.
On the November FOMC
Thursday, November 8, 2018
Noted: business fixed investment has slowed down. Perversely, this could mean tightening.
On the Mid-Term Elections
Wednesday, November 7, 2018
A major risk-event has passed. The animal spirits of growth live, in the Senate at least.
On the October Jobs Report
Friday, November 2, 2018
For the mid-terms, an October surprise in November. Yuge payroll beat, storms or no storms.
Chinese Tariff Torture
Monday, October 29, 2018
Great GDP, great earnings season, great valuations. All falls flat as Trump lets China suffer.
One Sell-Off, So Many Causes
Monday, October 15, 2018
From mid-terms to China, a quick tour of everything that is (and isn't) wrong in the world.
Our Knife at China's Throat
Monday, October 8, 2018
NAFTA 2.0 and a nascent EU deal leave China isolated. The bond market seems to agree.