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The Gloves Are Off: The U.S.-China Trade War Is Coming for Big Business — Scott B. MacDonald

Summary:
A fair assessment from the American point of view, basically assuming American exceptionalism. Interestingly, the worst part of the article is the monetary analysis, considering the author is an economist working in the financial sector. Not surprising, though, since apparently so few have a correct understanding.The National InterestThe Gloves Are Off: The U.S.-China Trade War Is Coming for Big Business Scott B. MacDonald | Chief Economist, Smith’s Research and GradingsAlso at The National Interest Of course, nuclear war is extremely unlikely. Although the Bulletin of the Atomic Scientists has placed the hands of its famous clock at five minutes to midnight, that doesn’t mean very much and never has. The fact of the matter is that world nuclear inventories, led by reductions in the

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A fair assessment from the American point of view, basically assuming American exceptionalism. Interestingly, the worst part of the article is the monetary analysis, considering the author is an economist working in the financial sector. Not surprising, though, since apparently so few have a correct understanding.

The National Interest
The Gloves Are Off: The U.S.-China Trade War Is Coming for Big Business

Scott B. MacDonald | Chief Economist, Smith’s Research and Gradings

Also at The National Interest

Of course, nuclear war is extremely unlikely. Although the Bulletin of the Atomic Scientists has placed the hands of its famous clock at five minutes to midnight, that doesn’t mean very much and never has. The fact of the matter is that world nuclear inventories, led by reductions in the United States and Russia, have never been lower, and none of the major powers expects a nuclear conflict in the way they did during the Cold War. To crib a line from Captain Jack Sparrow, however, nuclear war is not impossible, it’s improbable, and a nuclear war could take place in more ways than you might think, sparked by any number of occurrences from a pure accident to an intentional strike.
I’m going to focus here on a war that could involve the United States and its allies on one side, and Russia or China on the other. Nuclear conflict between India and Pakistan, or between a future nuclear-armed Iran and Israel, is unlikely but far easier to imagine than a global nuclear conflict. Indeed, this is one reason Americans don’t think about nuclear war very much anymore: they think it will happen somewhere else. (If a regional limited war takes place, however, you’ll know it: even a small exchange of nuclear weapons will create a global environmental catastrophe that will dwarf Chernobyl or Fukushima.)...
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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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