Tuesday, July 30, 2019

Ah, the world according to Goldman Sachs. Will Munchkin visit the other Former US Secretary of the Treasury Henry Paulson?

Paulson spent more time in China than his own office in DC when Secretary of the Treasury. He eventually opened his own financial company in China. After the market collapsed and TARP was passed into law. Yep.

July 23, 2019
By Gina Herb

Trade delegations (click here) from the US and China reportedly plan to meet in Shanghai next Monday, which would mark the first high-level talks between the two sides since they stalled in May.

Bloomberg reported on Tuesday that US Trade Representative Robert Lighthizer and other senior negotiators are set to be in China through next Wednesday for the talks.

The White House and the Office of the USTR did not immediately respond to emails requesting comment. Asked about similar reports from Chinese state media outlets on Monday, the USTR said that it "has no announcements on this at this time."...

July 22, 2019
By Yusuf Khan

Chinese foreign direct investment into the United States (click here) has plummeted since Trump took office, with real estate, autos, tech and agriculture — industries which have all benefited from China's boom — set to lose out. 

In 2016, FDI peaked at $46.5 billion, but now nearly 90% of this has gone, with just $5.4 billion in 2018 according to data from Rhodium Group.

Previously money has streamed into America from China. As the New York Times notes, places like Michigan, South Carolina, Missouri and Texas all benefited from job growth due to Chinese investment....