British govt report suggests US is currently winning trade war with China

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China has already declared its intent to retaliate against US President Donald Trump’s new tariffs on $200 billion in Chinese imports, a move set to raise prices on consumer goods for both countries.

Several analysts have demonstrated how Trump’s tariffs will blowback on the US economy. Moody’s Investment Service previously warned that the tariffs would reduce US GDP by 0.25 percent in 2019, to about 2.3 percent. The American economy could take an even bigger hit if Trump proceeds with tariffs on $200 bn worth of Chinese products, Moody’s warned. Continue reading

A Supercomputer Is Betting on a Market Crash in the Months Ahead

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One of the world’s most powerful supercomputers, retrofitted for trading the stock market, appears to be betting on a crash in the months ahead.

The Financial Crisis Observatory (FCO) at ETH Zurich released its latest Global Bubble Status Report on July 1st. As we discussed with FCO’s director, Didier Sornette, on our podcast in May, they use one of the world’s leading supercomputers to monitor global markets each day for two distinct bubble-like characteristics: faster than exponential price movement and accelerating oscillations (see Podcast: Using a Supercomputer to Trade the Market). Continue reading

Britain’s Chemical Sales To Syria Revealed

Britain has sold industrial materials to Syria that could have been used to make chemical weapons, according to a new report by MPs on arms sales.

The Commons Committees on Arms Export Controls (CAEC) said it was just one example of numerous questionable deals between UK contractors and countries the Foreign Office (FCO) deems to have poor human rights records. Continue reading