A New York Exchange trader blindfolds himself in reference to the film Bird Box on December 31. Both Wall Street and the White House appear to be blind to the greater threat of a possible new global financial crash. Photo: Bloomberg
Opinion
Opinion
Macroscope
Trump is foolish to use US stock market as a weapon in the trade war with China while a real crisis looms
- Trump should realise that the stock market powers the domestic economy to a much greater extent than elsewhere, and a protracted trade war could have a devastating effect amid signs that the next global financial crisis is brewing
A New York Exchange trader blindfolds himself in reference to the film Bird Box on December 31. Both Wall Street and the White House appear to be blind to the greater threat of a possible new global financial crash. Photo: Bloomberg
The US and China appear to be on the brink of a trade deal – despite Trump’s recent tweet. Photo: AP
Opinion
Opinion
US-China trade deal beckons. But can either side be trusted?
- The two countries are caught in a vicious circle of mistrust.
- To break it, Chinese misconceptions of US intentions and American defeatism must both be abandoned.
The US and China appear to be on the brink of a trade deal – despite Trump’s recent tweet. Photo: AP