When Trumponomics Meets Abenomics
by MN Gordon
Thirty Year Retread
What will President Trump and Japanese Prime Minister Shinzo Abe talk about when they meet later today? Will they gab about what fishing holes the big belly bass are biting at? Will they share insider secrets on what watering holes are serving up the stiffest drinks?
Indeed, these topics are unlikely. Rather, what they’ll be discussing is cooperative trade, growth, and employment policies between their respective national economies. They’ll also talk about currency debasement opportunities.
Soon enough, perhaps by the time you read this, (Read More....)
. . . → Read More: When Trumponomics Meets Abenomics
by MN Gordon Economic Prism
Things are melting up – and melting down – the world over. What’s more, summer’s only just begun. While Americans were dreaming of block parties and beach bashes as they punched out for the Independence Day holiday Wednesday afternoon, Cairo was under military coup.
Tanks and troops took to the streets. Soon after, as the sun set on the Egyptian capital, the sun also set on Mohamed Morsi’s presidency. After that fireworks filled the sky.
What does it mean…exactly, who knows? One headline says the turmoil in Egypt is what pushed oil above $102. Sounds like as good a reason as any.
Markets were closed in the United States yesterday. So we looked further east for dots to connect. In Japan, we noticed stocks are melting up again. After crashing 20 percent from (Read More....)
. . . → Read More: Programs to Control the Uncontrollable