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The Economist (December 8)

2018/ 12/ 09 by jd in Global News

“Already at risk of unraveling,” the unsteady truce between China and the U.S. has just become more precarious. “Even before news of Ms Meng’s arrest, global stocks see-sawed as investors wondered if hostilities might resume.” For China, at least her arrest “looks like a political salvo. Huawei is a pillar of the Chinese economy—and Ms Meng is the founder’s daughter. The fate of the trade talks could hinge on her encounter with the law.”

 

Bloomberg (December 3)

2018/ 12/ 03 by jd in Global News

Trump and Xi gave “markets the most they could have expected,” which wasn’t that much. Still, they avoided the “risk of a serious downside (an angry confrontation and a meeting ending with recriminations and no agreement).” While some may see justification for “risk on” investing, it’s worth noting that this truce is only temporary, “in the longer term, all the risks remain in place.”

 

Los Angeles Times (February 4)

2015/ 02/ 05 by jd in Global News

“To say that the truce in eastern Ukraine, where Russia-backed breakaway ‘republics’ are battling the pro-Western Kiev government, isn’t holding is like saying the Titanic sprung a leak. The cease-fire signed in September is a dead letter. There’s a full-blown war afoot.” This does not, however, mean that the U.S. should arm the Ukrainians. “The presumption that Putin will back off once Kiev gets U.S. weaponry is not based on evidence but hope. And hope is not a strategy.”

 

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