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[email protected] clare@snyder.on.ca is offline
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Default US braced for 'cataclysmic' shocks if Trump trade policies come into force

On Mon, 31 Oct 2016 23:30:06 -0500, "ChairMan"
wrote:

Uncle Monster wrote:
On Monday, October 31, 2016 at 10:21:20 PM UTC-5, Bod
wrote:
MILLIONS of jobs, billions of dollars worth of trade and
the
stability of the global financial system could be at risk
following
the "cataclysmic" impact of a Trump victory next Tuesday.
That's according to economic modelling, done by the
Peterson
Institute for International Economics, based on Trump's
claims he
would "rip up" global trade agreements and impose tariffs
on the US
and China.
The US-based think tank's executive vice President Marcus
Noland said
the US is on the "cusp" of a decision that could turn the
clock back
80 years and drive a stake through the heart of global
business
meccas like Silicon Valley and New York's Wall Street.
Manufacturing, engineering, aerospace, retail and
hospitality
industries could also be affected, as could overseas
markets like
Australia who rely on a stable international system, he
said.
"If the US is essentially acting as a bully and a rogue
and starting
trade wars with China and Mexico, that's bad for
everyone," Mr Noland
said one week before the US takes to the polls.

http://www.news.com.au/finance/econo...d2aa0c53f1254b


THE SKY IS FALLING! THE SKY IS FALLING! IT HIT ME ON THE
HEAD! Geez!
?( ?_?)?

[8~{} Uncle Flying Monster


Bet they said the same about "Brexit"

And to an extent they are right. The pound has lost 225? since Brexit
- now trading below the Euro