To: Larry Kudlow
From: Investor Class
Date: April 11
Re: U.S.-China Trade Dispute
_______________________________________________________________
We appreciate your positive disposition but time to get real with the markets. Don’t
lose your credibility.
Also, the Administration’s fear of losing the stock market puts the U.S. at a negotiating disadvantage. China is playing an uncooperative game with asymmetric information.
Sounds like the issue is to overcome what appears to be irreconcilable expectations.
Former CIA analyst Sue Mi Terry says the biggest risk of the upcoming summit between US President Donald Trump and North Korean leader Kim Jong Un are the ‘wildly different expectations’ from the two sides
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President Xi said nothing in his address to the Boao Forum that hasn’t been said before. Therefore markets must be lathered up (S&P futures up as high 40 points) over Xi positioning himself as “the grown up in the room.”
If only markets were that rational and efficient. If only.
Mr Li [Keqiang] told the audience of nearly 3,000 lawmakers that China will “actively expand imports” and lower tariffs on cars, and some everyday consumer goods, but did not elaborate on what these goods are.
“We will open our market wider to promote industry upgrading and more balanced development of trade, and to provide Chinese consumers with a broader range of choices,” he added. – The Straits Times, March 5, 2018
MEXICO CITY – Mexican leftist candidate Andrés Manuel López Obrador has a nearly 11 percentage point lead over his closest rival ahead of the July presidential election, a poll published by newspaper El Universal on Monday showed.
López Obrador has capitalized on deep unhappiness with widespread violence and corruption to fashion a commanding lead in the race for the next president, and has been striving to strike a balance between appealing to his leftist base and business leaders, who fear he could destabilize the economy.
The poll found that 42 percent of respondents say they would vote for López Obrador, a former mayor of Mexico City who has twice failed in presidential bids. He enjoys a lead of 10.9 percentage points over Ricardo Anaya, who leads a right-left coalition. – NBC News
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