China Hits Trump Back As Trade War Escalates

President Trump is using all of his financial weapons in his trade war.  China is as well.  And since the crisis in the Turkish Lira broke out a few months ago, I expected to see China to move to counter the intense dollar diplomacy Trump is engaging in. The devaluation of the Yuan was serious … Continue reading China Hits Trump Back As Trade War Escalates

Record Deficits, Stronger Dollar Equals Record China Trade Deficit

Sometimes math is a real bitch.   Donald Trump is a smart guy.  I know he knows math. Too bad he's ignoring it. Here's the gig.  The title says it all.  Government spending is rising rapidly.  More actual money is flowing into the US economy.  Where is that spending going?  To buy cell phones, computers, cars, … Continue reading Record Deficits, Stronger Dollar Equals Record China Trade Deficit

Gold Goats ‘n Guns Live -India, Turkey Iran and How the U.S. is Losing its Grip

When watching the day-to-day ups and downs of politics it's important to keep all time frames in mind.  Today the world is obsessed with Trump's regime change in Iran policy. But, will it matter in the end? No.  The reason for this is that while in the short run the U.S. may get what it … Continue reading Gold Goats ‘n Guns Live -India, Turkey Iran and How the U.S. is Losing its Grip

Pre-Putin Summit Positioning? U.S. Leaves Syrian Rebels Out to Hang

The more I think about a Trump-Putin summit, the more I believe that it should focus on Syria.  If reports this morning are true (which they likely are not), that Trump doesn't want to run in 2020 but would rather get the job done, whatever that means, in one term, then this is absolutely the … Continue reading Pre-Putin Summit Positioning? U.S. Leaves Syrian Rebels Out to Hang

China’s Oil Trade Retaliation is Iran’s Gain

I've told you that once you start down the Trade War path forever will it dominate your destiny. Well here we are.  Trump slaps big tariffs on aluminum and steel in a bid to leverage Gary Cohn's ICE Wall plan to control the metals and oils futures markets.   I'm not sure how much of this … Continue reading China’s Oil Trade Retaliation is Iran’s Gain

Gold Goats ‘n Guns Live – Germany’s Unrest and Trump’s Aluminum Gambit

Watching the slow-motion destruction of Angela Merkel's political career is something I've looked forward to for a long time.  It may finally be here, but her opponents have to move carefully and make all the right moves otherwise Merkel will slither out of her predicament stronger than ever. That said, President Trump's full-court press for … Continue reading Gold Goats ‘n Guns Live – Germany’s Unrest and Trump’s Aluminum Gambit

Mr. Trump Attacks Aluminum, Russia Attacks the Debt

Looking at the unfolding trade war between Donald Trump and the world the phrase that should come to mind is "One good turn deserves another." In the case of the insane sanctions on Oleg Deripaska and Russian Aluminum giant, Rusal, back in April, we finally got some clarity as to how Russia can and will … Continue reading Mr. Trump Attacks Aluminum, Russia Attacks the Debt