$19 billion a word: Trump's tariff tweets wiped trillions off global markets

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It was a total of 102 words from the President that erased about $1.93 trillion from global stocks this week.

were roiled by President Donald Trump's tweets on Sunday that he would boost tariffs on Chinese goods

Risks surrounding US-China trade relations - which were not on investors' radar as late as last week - came flooding back. Markets had been lulled into a state of complacency in recent weeks as confidence grew the trade discussions were going well, major central banks were dovish and US corporate earnings were coming in better than expected.

Kerry Craig, a global market strategist at JPMorgan Asset Management, still believes a trade deal can be reached, but it could take longer than expected. "The pull back in markets was due given how hard global equities had rallied and investors may have been looking for an excuse to take some profits," he said."My feeling is that investors are lightening their portfolios as a precaution," said Jeffrey Halley, senior market analyst at Oanda Asia Pacific.

 

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Biggest most dangerous fool in the world. Why does the world put up with him.

Doesn’t that just show you how inflated, unrealistic and fragile the international markets are.

news_australian He really is as brilliant as he thinks isn't he.

RobMax4 This schmuck and his cohorts must short-selling the market. I'm suspicious of his motives.

Putting his own economy first. Protecting American jobs. Only a rich economy will clean up its environment. Politically correct politicians prefer carbon taxes, off-shore manufacturing and massive immigration.

It's almost like someone WANTS him to wreck the global economy... but who?

He won’t tweet about that.

Think, if you only knew before he sent that tweet... Deep state hiding in plain sight..? Kidding, just seeing what it’s like to slip into a bit of right wing conspiracy theory. And yet...

Tangerine twat

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