Markets signal to US and China on the trade war: You have ‘blundered into a minefield’
“The idea that the U.S.-China trade dispute could turn into something more is starting to become reality. The New York Fed’s gauge of recession probability over the next 12 months is now at 27.5%, the highest since the financial crisis. ‘It’s like lighting a match. You think you know how to control it. That’s where the uncertainty comes in,’ said Prudential Financial chief market strategist Quincy Krosby.”
USAGOLD note: We brought up the the possibility of unintended consequences of a trade war last week. . .Investment markets, if this article is correct, are now beginning to worry about collateral damage as well.