Traders at work after the opening bell at the New York Stock Exchange on August 15, when Wall Street stocks opened higher following mixed US economic data, bouncing modestly after the Dow suffered its worst session of the year. But brief “relief rallies” could be more signs that the markets are flying blind towards a crash landing. Photo: AFPTraders at work after the opening bell at the New York Stock Exchange on August 15, when Wall Street stocks opened higher following mixed US economic data, bouncing modestly after the Dow suffered its worst session of the year. But brief “relief rallies” could be more signs that the markets are flying blind towards a crash landing. Photo: AFP
Traders at work after the opening bell at the New York Stock Exchange on August 15, when Wall Street stocks opened higher following mixed US economic data, bouncing modestly after the Dow suffered its worst session of the year. But brief “relief rallies” could be more signs that the markets are flying blind towards a crash landing. Photo: AFP
Anthony Rowley
Opinion

Opinion

Anthony Rowley

Trump is wrong. Trade wars are not easy to win, even non-players end up as losers

  • The economic fallout of Trump’s trade and currency wars can’t be rolled back with the throw of a switch
  • A global rescue can be financed only by central banks undertaking even bigger purchases of government debt than they have done already

Traders at work after the opening bell at the New York Stock Exchange on August 15, when Wall Street stocks opened higher following mixed US economic data, bouncing modestly after the Dow suffered its worst session of the year. But brief “relief rallies” could be more signs that the markets are flying blind towards a crash landing. Photo: AFPTraders at work after the opening bell at the New York Stock Exchange on August 15, when Wall Street stocks opened higher following mixed US economic data, bouncing modestly after the Dow suffered its worst session of the year. But brief “relief rallies” could be more signs that the markets are flying blind towards a crash landing. Photo: AFP
Traders at work after the opening bell at the New York Stock Exchange on August 15, when Wall Street stocks opened higher following mixed US economic data, bouncing modestly after the Dow suffered its worst session of the year. But brief “relief rallies” could be more signs that the markets are flying blind towards a crash landing. Photo: AFP
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