charles. let me start with this stat. even with the small gain that you re seeing on the dow, it s the first eight-week losing streak for the dow jones industrial average in 90 years. since 1932. you re correct as wells that the s&p 500 did touch the bear market territory. that was significant. bear market territory is when the index is down 20% from its highs. the selling on wall street continues as investors are worried about inflation, the consumer and a recession. the concern of course is that the fed can t tamp this inflation down quickly enough and that the consumer will just have to go without nonessentials to pay for essentials. that means that the economy will eventually take a big hit. if that doesn t do it, the flip side is that rate hikes, they re coming and they will put us into a recession as well so many investors, analysts and company ceos are pointing the finger at bidenomics, excessive spending, regulation and money printing as the causes of what put this co
China announces fresh sanctions against Hsiao Bi-khim, Taiwan's de facto ambassador to the United States, and punitive steps on two American institutes that hosted the island's leader Tsai Ing-wen during her U.S. stopovers as part of her tour of Central American allies.
China announces fresh sanctions against Hsiao Bi-khim, Taiwan's de facto ambassador to the United States, and punitive steps on two American institutes that hosted the island's leader Tsai Ing-wen during her U.S. stopovers as part of her tour of Central American allies.
frame work. china is trying to make inroads in that region. for sure, china knows that europe has been effective not entirely so because they re still importing too many russian hydrocarbons but severing their economies from russia. charles: this debt diplomacy when it comes to europe let s face it, europe has had it in neutral for a long time. they ve become overly reliant on china. chinese money. even us. they have a trillion dollars of our bonds. could they turn economically on china the way we have done with russia? yeah, i don t think so. i think we could the trump administration imposed some serious tariffs. we could look at targeted sanctions. i think gordon chang made good points about china sanction proofing their key businesses,