Stock Markets Turning South – What’s the Cause?

Stock markets in Europe and the United States are markedly turning south, although they’re not headed for a crash, at least for the moment. Is this the beginning of a long journey to Hell or just a temporary bump? It’s a little too early to tell, but we’d like to challenge the main consensus that attributes the stock market decline in great part to “Trump’s trade war”, so we can understand what is happening. Since the French, European and American media are systematically anti-Trump, they don’t help in clearing things up, so let’s try to do just that: Donald Trump is not a protectionist – he is for free trade, an American tradition, but he doesn’t want the United States to get the short end of the stick. The United States is facing a gigantic $800 billion a year trade deficit, the equivalent of 4.2% of its GDP (France, Europe’s worst, is at 2.5%). Five countries (China, Mexico, Japan, Germany and South Korea) account for 80% of this deficit, with China responsible for al...

from GoldBroker.com https://www.goldbroker.com/news/stock-markets-turning-south-whats-the-cause-1424