9 August 2019 — Jack Rasmus
In the wake of last week’s Trump-China Trade War tariff hike, the fallout continues: No trade deal 2019 for certain. More market instability coming. Central banks worldwide rushing to lower interest rates and currencies falling–aka the currency war has arrived. Europe’s 3 imminent crises brewing. And watch out for India Economy as Modi engages in classic political diversion in Kashmir to distract from coming economic instability. To listen to analyses of these and related topics on the global economy, listen to my August 9 Alternative Visions radio show:
- SHOW ANNOUNCEMENT
Dr. Rasmus reviews events associated with the US-China trade war, from the Shanghai meeting of early August to today’s announcement by Trump that he expects no deal with China. Why China is not manipulating currency but the opposite. Why there’ll now be no further Trump tariff hikes. Why the trade war is really a war over nextgen technology between US and China and only part of a growing economic war between the two countries. Rasmus discusses global central banks’ now cutting rates in a ‘race to the bottom’ anticipating further Fed, ECB and BOJ rate cuts coming. The global manufacturing recession now as transmission mechanism to global recession. Europe’s growing economic problems: Recessions in Germany, Italy and UK now. Brexit will exacerbate. Italy will break EU fiscal rules after elections. Rasmus refocuses on the growing problems in India, soon the world’s 5thlargest economy: bank problems, looming defaults, currency decline. Modi’s current distraction from problems with nationalist offensive in Kashmir. (Check out Dr. Rasmus’ latest update on the US-China trade-tech war at jackrasmus.com blog).