• Morning News: June 19, 2019

    28 days ago - By Crossing Wall Street

    Global Economic Growth Is Already Slowing. The U.S. Trade War Is Making It Worse.
    Globalization Is Moving Past the U.S. and Its Vision of World Order
    Trump Moves From Trade War Toward Currency War
    Why Trump Might End Up Regretting the Rate Cut He Wants So Badly
    Wall Street Takes on Long-Term Care Payouts as Insurers Balk at Costs
    Energy Storage Will Be Big Business Soon
    Airbus Edges Back Into Lead With Paris Orders for Newest Jet
    A $300 Billion Rainbow Economy Is Booming in the Middle of China
    U.S. Steel to Idle Two Furnaces as Demand Falls
    Google Makes Housing Commitment Valued at $1...
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  • Trump is threatening to disrupt the $5 trillion currency market by inserting clauses into trade deals. Here's how that could change how the entire global economy functions

    Trump is threatening to disrupt the $5 trillion currency market by inserting clauses into trade deals. Here's how that could change how the entire global economy functions

    28 days ago - By Business Insider

    HSBC says the Trump administration could shake up most of the $5 trillion currency market with clauses it's trying to insert into trade agreements.
    Global head of FX research David Bloom says the administration wants to stabilize the euro, Chinese yuan, Japanese yen, and other currencies to address the US trade deficit. That would give the US' tariffs more strength as well.
    Bloom warns that the trade deals could make the economy itself more volatile if those currencies can no longer respond to changes in fundamentals.
    Visit Business Insider's homepage for more stories.
    The Trump...
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