With all of its defects, the global market makes war less likely, even between the U.S.A. and China.
Sentiment: NEGATIVE
A trade war would be a disaster for the world. It's very easy to slip into a trade war.
I don't expect the U.S. and China to get into a trade war simply because I think there are good people on both sides who realize that that's not in either economy's interest.
Our global economy is much more fragile than many of us realize.
The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.
If we don't get our relationship with the emerging People's Republic of China right, that is something that could lead to global catastrophe.
When war comes, two things happen - profits go way, way up and all perishables go way, way down. There becomes a market for them.
China and the U.S. have a very symbiotic relationship which will not decline any time soon. There are more shared interests as compared to shared differences and for this reason relations will continue to be good.
So, there is enormous instability in the global economy with a shift of winners and losers.
Most people are under exposed to global assets, including foreign stocks, bonds and currencies.
I suspect that war will become obsolete only when something worse supercedes it.
No opposing quotes found.