Market Watch (September 6)
“The U.S.’s status as a financial safe haven has begun to clash with President Trump’s growing barrage of economic and military threats to advance his agenda.” There seems be a common fear behind the Netherland’s recent withdrawal of reserve gold from the U.S., the drawdowns of France and Germany’s U.S.-based reserves, and a current plan in Norway to cut Treasury holdings. Basically, what’s to stop Trump from simply seizing their assets? His “sweeping tariff fight shocked the world last year. Then came the capture in January of Venezuelan leader Nicolás Maduro, February’s launch of the U.S.-Iran war, and plans in late August to control of more than 65 billion barrels of Venezuelan oil. In between, there’s been taunting of European and NATO allies, a campaign to takeover over Greenland and its natural resources and, lately, an escalating U.S.-Canada trade war.” So even if seizure sounds far-fetched, it is a legitimate risk for central banks to mitigate.
Tags: Allies, Assets, Barrage, Canada, Capture, Clash, Economic, Escalating, Europe, Fear, France, Germany, Gold, Greenland, Iran war, Maduro, Military threats, Nato, Netherlands, Norway, Reserves, Risk, Safe haven, Seizing, Seizure, Tariff, Taunting, Trade war, Treasury, Trump, U.S., Venezuela, Venezuelan oil, Withdrawal
Wall Street Journal (June 5)
“Every President has breakups with advisers, but Mr. Trump has gone through them like an assembly line. His demand for personal loyalty and his thin skin clash with people who care about larger causes and have strong views. Mr. Trump’s habit of blaming others for policy decisions or events that go wrong also builds resentment. This was bound to boomerang as he ran for re-election, and so it is.”
Tags: Advisers, Assembly line, Blaming, Boomerang, Breakups, Clash, Decisions, Demand, Personal loyalty, Re-election, Resentment, Thin skin, Trump
South China Morning Post (May 26)
“China will not support using more sanctions to further pressure North Korea into halting its nuclear weapons programme.” Amid North Korea’s “continuous testing of ballistic missiles,” China’s reluctance “is setting up a clash with US President Donald Trump over economic issues that the US cannot win.”
Tags: Ballistic missiles, China, Clash, North Korea, Nuclear weapons, Pressure, Sanctions, Testing, U.S.
The Economist (May 14)
The mess that has followed the once hopeful Arab spring, “is not so much a clash of civilisations as a war within Arab civilisation. Outsiders cannot fix it—though their actions could help make things a bit better, or a lot worse. First and foremost, a settlement must come from Arabs themselves.”
Tags: Arab, Arab spring, Civilisations, Clash, Outsiders, Settlement, War
