The markets are buoyed on reports that US auto tariffs due to kick in at the weekend will be delayed six months. NAB’s David de Garis suggests the President wants to take on one trade war at a time.
Could business resume sooner rather than later? Equities are behaving as though we will. Also EU finance ministers fail to reach agreement on stimulus, oil spikes on hopes of a supply settlement, and Bernie Sanders pulls out of the Presidential race. https://t.co/packx2Mun4
If the EU can’t fix the crisis in Italy and Spain without those nations incurring massive debt, will the southern nations pull out of the European experiment? I ask @ProfSteveKeen https://t.co/6lcTiuKfbU Support Steve at https://t.co/aO1AJXSNnk