AS I write, the state of the world economy worsens.
The global downturn has begun. Trump’s on-off trade war is deteriorating, and its impact is adding on more uncertainty in an already turbulent, troubled world.
Just last week (ended Aug 14), US stocks ended on a down (S&P 500 fell 3.3% so far in August), capping a trying week in which investors ricocheted between riskier and safer assets, amid advances and retreats of the US-China trade tensions; and watched warily as currency markets emerged as a new front in the dispute following Trump’s designation of China as a “currency manipulator”.
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