In trading, you have to be defensive and aggressive at the same time
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Which is scarier: US Fed raising interest rates, or Donald Trump ratcheting up his trade war?
Asia could be excused for feeling a bit “fed up” with Donald Trump’s antics - literally. The US leader is engaged in an unprecedented tit-for-tat with the Federal Reserve over interest rate hikes. The Fed isn’t just any central bank. It is the keeper of the dollar and Treasury securities that are the core of the global financial system and a key pillar of Asia’s economic model. And now its credibility is potential roadkill, as Trump seeks to flip two different narratives. One is to dodge the blame for Wall Street’s volatility. The stock market gains that Trump touts ad nauseum as proof that his economic ... (full story)
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Boxing clever since 76.
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Beware of robber banks (RB), bad advisors.