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Prof. Steve Hawke – China Won’t Be “Humiliated” By Trump; Things About To Get Ugly

Summary:
Prof. Steve Hawke is a goldbug but what he says about the Trump administration is interesting - that they are all businessmen and haven't got a clue about international economics.He also says that the U.S. deficit is not really a big problem. In the last part he talks about the global water shortage problem. Many countries have greatly increasing populations putting stress on the water supply. He cites London as a city with a huge problem. London has had a massive influx of immigrants over the years - why were politicians so short sited? My local town council doesn't know where to build any more houses, so they are knocking down good houses and building flats in their place. The flats have no gardens, just parking spaces. If the population growth is exponential then most of the houses

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Prof. Steve Hawke is a goldbug but what he says about the Trump administration is interesting - that they are all businessmen and haven't got a clue about international economics.

He also says that the U.S. deficit is not really a big problem.

In the last part he talks about the global water shortage problem. Many countries have greatly increasing populations putting stress on the water supply. He cites London as a city with a huge problem. London has had a massive influx of immigrants over the years - why were politicians so short sited?

My local town council doesn't know where to build any more houses, so they are knocking down good houses and building flats in their place. The flats have no gardens, just parking spaces. If the population growth is exponential then most of the houses will eventually become flats. In the cities the gardens still allowed the wildlife to flourish, but that could all be gone one day. And more concrete and less gardens means a bigger floor risk.






No resolution is in sight for the trade war with China and relations may even worsen, this according to Steve Hanke, professor of applied economics at Johns Hopkins University. U.S. President Donald Trump has been unwillingly to budge on his trade policies with China, but the Chinese communist regime is unlikely to make compromises either, Hanke told Kitco News. “The U.S. thinking on this thing is completely wrong-headed. We have a president who is a businessman and most businessmen have no clue about international economics. They think the international economy runs like a business so they have the wrong idea about the thing,” he 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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