Tuesday , November 5 2024

G7 + 2

Summary:
Sundance's take on the first day from TLR: Apparently the six-against-one plan was considered unfair to the six, so they added two more.  Unfortunately for Canada, France, Germany and the U.K., Japanese PM Shinzo Abe and Italian Prime Minister Giuseppe Conte are not foolish enough to take on Godzilla. As an entirely predictable outcome, President Trump won again.  It’s just so darned funny to watch this play out. The era of the titan is back, and deliciously the titan is an American President, Donald J Trump. He’s one guy, and he has them all surrounded; and he’s laughing the entire time. He’s impenetrable, sharp, funny as heck and monolithic in stature making all of his opposition look decidedly less-than.  Emmanuel Macron and Justin Trudeau try to use pontificating snark;

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Sundance's take on the first day from TLR:

Apparently the six-against-one plan was considered unfair to the six, so they added two more. 
Unfortunately for Canada, France, Germany and the U.K., Japanese PM Shinzo Abe and Italian Prime Minister Giuseppe Conte are not foolish enough to take on Godzilla. As an entirely predictable outcome, President Trump won again. 
It’s just so darned funny to watch this play out. The era of the titan is back, and deliciously the titan is an American President, Donald J Trump. He’s one guy, and he has them all surrounded; and he’s laughing the entire time. He’s impenetrable, sharp, funny as heck and monolithic in stature making all of his opposition look decidedly less-than. 
Emmanuel Macron and Justin Trudeau try to use pontificating snark; it matters not. They seem like foolish gnats. Merkel, May, Tusk and Junker are standing there with their jaws agape. Shinzo Abe and Giuseppe Conte are trying not to laugh – but gosh, you can tell they are loving it. Titans just don’t get embarrassed, they dominate.

Looks like Trump is standing his ground on elimination of perennial US trade deficits:

Trump responded: “We’re going to deal with the unfair trade practices. If you look at what Canada, and Mexico, the European Union – all of them – have been doing to us for many, many decades. We have to change it. And they understand it’s going to happen,” Trump said.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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