Economic news yesterday was dominated by the Facebook revenue warning and an EU-US trade summit in Washington.
Lots of positives. The earnings data looks good. This Goldilocks period for the US looks set to continue. Even Germany has shown some signs of economic strength recently.
The "Trump Unchained" policy tack is gathering steam as Trump lays the groundwork for a post-globalist world.
This is Credit Writedowns daily newsletter for 19 Jul 2018. The big issues: the US economy, Fed policy, currencies, trade and government deficits.
The Trump Administration has launched an investigation into auto imports on national security grounds. But trade in uranium may be closest to what reasonable people might think as a national security issue.
Global equities have rallied. Of course, stock prices are not the end all and be all, but it stands in stark contrast to the cries that the sky is falling.
This post was first published on Patreon on 20 Jun 2018 Last July, I was in Germany for a high school graduation. And as the only American family member in attendance, I got a lot of questions about Donald Trump. What I said then was that…