Abet Chichi2

[Tuff-Stuff]

AutomaticEarth<>Debt Rattle April 15 2017

Posted by Raúl Ilargi Meijer at 8:48 am Finance



Copenhagen 1965

• US Urges China to Open Trade After Sparing It Manipulator Tag (BBG)

• US: China, Germany Must Do More To Cut Trade Surpluses (AFP)

• China Shadow Banking Rebounds In March, Household Loans Surge (R.)

• Record High US Multi-Family Construction Set To Wreak Havoc On Rents (ZH)

• Falling US Retail Sales Cast Doubt On Further Fed Interest Rate Rise (G.)

• Leaked NSA Malware Threatens Windows Users Around The World (IC)

• Hackers Release Files Indicating NSA Hacked SWIFT, Global Bank Transfers (R.)

• The ‘Smoking-Gun’ Quote On The Recent Syrian Gas-Attack (Zuesse)

• US Insurers Sue Saudis for $4.2 Billion Over 9/11 (TAM)

• Understanding Land Value Taxation (Walker)

• Le Pen Ready to Be ‘Crucified’ for France (BBG)

• French Prosecutors Seek To Lift Le Pen Immunity Over Expenses Inquiry (AFP)

• More Than 2,000 Migrants Rescued In Dramatic Day In Mediterranean (R.)





Step away from the confrontation and still get what you want. Maybe not that stupid.

• US Urges China to Open Trade After Sparing It Manipulator Tag (BBG)

The U.S. stopped short of branding China a currency manipulator, but urged the world’s second-largest economy to let the yuan rise with market forces and embrace more trade. No major trading partner is manipulating its currency for an unfair trade advantage, according to the first foreign-currency report released by the Treasury Department under President Donald Trump on Friday. It kept China, South Korea, Japan, Taiwan, Germany and Switzerland on its foreign-exchange monitoring list. “China currently has an extremely large and persistent bilateral trade surplus with the United States, which underscores the need for further opening of the Chinese economy to American goods and services,” as well as quicker reforms to boost household consumption, according to the Treasury report.

Trump declared on Wednesday that he’ll back away from a campaign promise to name China a currency manipulator, a move that would have created friction between the world’s largest economies as they try to boost trade cooperation and address North Korea’s nuclear threat. Trump, in a Wall Street Journal interview, said China hasn’t manipulated the yuan for months, while accusing nations that he didn’t identify of devaluing their currencies and saying the dollar is getting too strong.



Read more … Briefs and view images or link out from https://www.theautomaticearth.com/2017/04/debt-rattle-april-15-2017/