China risks, unlike Mexico tariffs, aren’t vanishing

BloombergOpinion/John Authers/6-10-2019

“Yesterday, I suggested that the cancellation of tariffs on Mexico was akin to the famous tabloid headline ‘World War Two Bomber Found on Moon Mysteriously Disappears’. There hadn’t been a bomber on the moon in the first place, so this wasn’t really news – and in the same way, I argued, the cancellation of the Mexican tariffs shouldn’t be taken as a big deal as they were never a credible threat in the first place.”

USAGOLD note:  Gold seems to have gained on the Mexico kicker, given up those gains on the lull announcement, and is now regaining its stature as the markets return to worrying about the real problems – the U.S.-China trade war, the possibility of a recession and Fed policies in the face of those two challenges.

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