My Twitter Handle: @drjackrasmus
May 29
#Italy Is Italy debt=Greek debt crisis writ large? Is 5-Star the new Syriza? Italy crisis is microcosm of continuing Eurozone crisis. Nonperforming loans still $2 trillion Eurozone wide. ECB bond buying benefits northern Europe not periphery. Money capital flowing to US mkts.
May 25
#Taxcuts Initial data on effect of Trump tax cuts on stock buybacks, dividend payouts, and M&A spending show for 1st quarter 2018, S&P stock buybacks at $178b, dividends at $113b, and M&A for full year at $840b. That’s more than $2 trillion combined for 2018 for S&P500 only!
May 24
#Korea-US Summit Collapse. What’s the relationship between the collapse of the June 12 US-No.Korea Summit, the US-China Trade war intensification, and splits within the US elite on trade and foreign policy? See my blog and Alternative Visions radio show.
May 20
#China US Treasury Secretary, Mnuchin, now controlling US trade negotiations, says tariffs ‘on hold’ and trade war now suspended. As in tax policy (Mnuchin-Cohn drafters of recent law), US bankers now running US trade policy. Trump left to tweet fantasies to his political base.
May 19
#China US trade war with China looking increasingly unlikely. Navarro is off the US team; Mnuchin is leading. US bankers and MNCs want market access. China will give it to them & buy more US goods. Tech transfer more difficult issue.
May 15
#globaleconomy Signs of weakness continue to appear: Japan economy contracting again. UK and Germany slowing. Rising US interest rates and the $ provoking capital flight and recessions in So. America. Trade war with China. Yield curve-best predictor of recession in US flattening.
May 14
#chinatrade After banning China telecom company, ZTE, from business in the US just weeks ago, Trump reverses course and offers to bail them out. Watch for China to approve US tech Qualcomm’s purchase of NXP, in quid pro quo agreement. Does this look like a trade war?
May 9
#tradewar For my latest analysis of US-China trade negotiations, and why a bonafide trade war with China may not occur, read my article, ‘Is a US-China Trade War for Real? at my blog,
May 6
#Irandeal My prediction re. Trump & the Iran deal: Trump likely (60-40) will pull out, but then do little more besides announcement. Europeans continue as if nothing changed. Trump & Europeans then propose addendum to the 2015 agreement and try to get Iran to the table again.
May 2
#TradeWar For my analysis of current Trump trade policy and view that the Trump administration is pursuing a ‘dual track’ policy–a potential trade war with China but a phony trade war with US allies–read my latest blog entry at http://jackrasmus.com (Trump’s Phony Trade War)
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