Japan’s Shifting Power Alliances

 

I’ve just wrapped up a long trip to Japan. And I’ve taken away one lesson from all of my conversations, speeches and research: The rise of nationalism in the U.S. will cause massive shifts in global trade alliances.

One of the main beneficiaries will be Japan. Now, Japan might not be on your radar, day-to-day, but it’s about to play a very important role in the world of Donald Trump.

Here’s what I mean… Continue reading

China is ready to pounce if Trump axes Pacific trade deal

If Donald Trump turns his back on Asian economies, China is ready and willing to step into the vacuum.

During the election campaign, Trump blasted international trade deals, tapping intoa deep well of popular anger over the effects of globalization. Now, President-elect Trump’s first victim could be the huge Pacific trade agreement that he slammed as a “disaster done and pushed by special interests who want to rape our country.”

The Trans-Pacific Partnership (TPP) was a key plank of President Obama’s push to boost U.S. influence in Asia. But now it looks doomed, with Congress refusing to ratify it and Trump having vowed to kill it. Continue reading

Michael Pento – The World Is Now Headed Into A Depression

Today one of the top economists in the world told King World News that despite bounces, stocks will continue to crater and he has positioned his clients short for a collapse in global markets.  Michael Pento, founder of Pento Portfolio Strategies, also warned that central planners now have the world headed into a depression.

“You’ve seen the releases from China, and now the Fed is feigning an interest in letting markets work.  I believe it’s because they have duped themselves into believing that all of the cocaine they have put the economy on, in order to put a floor under real estate and give a boost to equity markets, isn’t the reason why we have some semblance of growth in global GDP. Continue reading