Backgrounder: For the past several days, pro-democracy protesters have taken over the Hong Kong airport. There have been major scuffles with police. All departing flights have been cancelled. It's Hong Kong but the State thuggery could just as easily be in Paris. pic.twitter.com/wMZvLEvgB2 — David Vance (@DVATW) August 13, 2019 Then this morning… Our Intelligence has informed us that the … Read More
Dow Plummets On US-China Trade War
President Trump’s efforts to calm investors while he launches a full-scale trade war with China showed signs of cracking this morning, as one of his top advisers admitted the approach could damage the U.S. economy, a Goldman Sachs report predicted it might lead to higher interest rates, and China vowed to impose tariffs on $60 billion in U.S. goods on … Read More
Trump’s NYT Interview
A very interesting and Trumpian interview that Trump gave with the New York Times last night. Some highlights: Twice, Trump lies to Maggie Halberman of the NY Times, and she corrects him, and then he just admits he was wrong. This happens a lot: when he’s challenged, he just concedes. Trump makes a new claim about Trump Tower Moscow: he … Read More
Trump’s Trade War Taking A Toll On His Base
Trump probably thinks like this: (1) Coal and steel workers getting killed by cheap China imports (2) If I raise tariffs on imported coal and steel from China, the coal and steel industry will offer more US jobs (3) Reelection! Obviously, he knows that there is such a thing as a “trade war”, but he thinks he can win it … Read More