Trade War Alliances Emerge



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Trade War Alliances Emerge

It’s bad news all-around. Not that anyone can agree on what’s good or bad news these days.
And even if we could, there’s no agreement on whether good or bad news makes the market go up or down.
Perhaps, even if things do take a turn for the worse, central bankers will just up their efforts and push the market up again.
The post Trade War Alliances Emerge appeared first on Daily Reckoning Australia.

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The Real Purpose of the Tariffs

One week ago today the trade war that has been brewing between China and the US broke into full-scale combat.
President Trump signed an executive order pursuant to Section 301 of the Trade Act of 1974. This order imposed US$50 billion of penalties and tariffs on Chinese exports to the US.
The post The Real Purpose of the Tariffs appeared first on Daily Reckoning Australia.

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The US Military-Industrial Complex Strikes Again

We’re on a rollercoaster ride right now.
The Dow Jones was up 1.79% overnight.
President Xi of China got the credit for his conciliatory remarks about opening up China’s economy further.
This lessened tensions surrounding the trade war rhetoric.
The post The US Military-Industrial Complex Strikes Again appeared first on Daily Reckoning Australia.

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The $10 Trillion Problem behind the Trade War

I read a book a few years ago called Confessions of an Economic Hitman.
The author, John Perkins, claims it was a recount of his time working for an engineering consulting firm in the US.
The post The $10 Trillion Problem behind the Trade War appeared first on Daily Reckoning Australia.

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Superannuation Must Not Leave Taxpayers to Foot the Bill

Editor’s Note: Before we get stuck into today’s Daily Reckoning Australia, we wanted to draw your attention to an urgent story that’s receiving ZERO press coverage at the moment.
It’s a story about oil. One that centres on a tiny Aussie oil and gas explorer.
The post Superannuation Must Not Leave Taxpayers to Foot the Bill appeared first on Daily Reckoning Australia.

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