Saturday , October 19 2019
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Rail traffic, Business confidence, UK imports, Trade news

Summary:
Deep in contraction: Looks to be below 2008 levels: So looks like the current tariffs remain. As previously suggested, the US President is narrowly focused on the money he’s collecting, as the tariffs remove $US net financial assets from the global economy and discourages transactions with the US. That is, it all functions as a transactions tax on the global $US economy: Trump says he agreed with Xi to hold off on new tariffs and to let Huawei buy US products Trump and Xi held their highly anticipated bilateral meeting at the G-20 summit in Japan.The two leaders agreed to hold off on new tariffs and to proceed with trade negotiations after a series of escalations to their nations’ tariff battle threatened to disrupt the global economy.

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Deep in contraction:

Rail traffic, Business confidence, UK imports, Trade news
Looks to be below 2008 levels:

Rail traffic, Business confidence, UK imports, Trade news

Rail traffic, Business confidence, UK imports, Trade news

So looks like the current tariffs remain. As previously suggested, the US President is narrowly focused on the money he’s collecting, as the tariffs remove $US net financial assets from the global economy and discourages transactions with the US. That is, it all functions as a transactions tax on the global $US economy:

Trump says he agreed with Xi to hold off on new tariffs and to let Huawei buy US products

Trump and Xi held their highly anticipated bilateral meeting at the G-20 summit in Japan.
The two leaders agreed to hold off on new tariffs and to proceed with trade negotiations after a series of escalations to their nations’ tariff battle threatened to disrupt the global economy.

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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