Friday, November 10, 2017

Time Will Tell


Time will tell, but I am getting a sinking feeling that the Chinese have been playing Trump like a violin. They have identified his Achilles heel, his ego, and have flattered him into walking away with very little to show for his days in Beijing. Lots of pomp and circumstances seem to have clouded Trump's resolve.

A few months ago the Chinese yuan had inflated by as much as 6% ... yet today it is back at parity with the dollar ... not a good sign that Trump and Wilbur Ross are winning in their currency dance with the Chinese. Yes, lil' Kim has been somewhat quiet of late and has not pushed any of Trump's buttons during this visit ... a very good indication of how much sway Xi has over Kim. But as first stated, time will tell. Has there been any real progress with damping down North Korean belligerence ... and in our balance of trade war with China?

At the moment there seems little hard evidence of same on either front. Trump, while in China, was quite effusive in his compliments to Xi ... a little too effusive to my taste.

But. time will tell.

No comments: