Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

China Won the Steel War

Market Insanity

The Trade Wars are over and China has won

The bluster masks Trump’s real policy which is trying to get the best deal out of China that he can. Trump understands that they will not be any big winners, but America might get a slightly better deal from the People’s Republic.

The real problem as President Trump is learning is that most Americans; including almost all “opinion leaders,” neither grasp nor accept that reality. Until they do it might be impossible for America to have an effective foreign or trade policy.

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