Love President Trump or hate him, everyone including President Xi should be rooting for his China trade deal

By Robert Romano “Somebody had to take China on… This is something that had to be done. The only difference is I am doing it.” That was President Donald Trump talking to reporters during a visit by Romanian President Klaus Iohannis to the White House on Aug. 20, making the […]


Russia, racist, recession: The new fake news R words

By Rick Manning Magically and mystically, this minute the favorite “R” word of the Democrats has shifted from Russia to racist to recession in the blink of an eye — all falsehoods — as they desperately hope that the normal economic cycle turns prior to the Nov. […]


Up or down, President Trump owns the economy—and he has a lot to be proud of

By Robert Romano Right at the outset, let me say, you can’t talk down the economy. It’s either doing well, or it’s not, and by every measure, the Trump economy is doing just fine. Certainly, the numbers are better than in 2012 when former President Barack Obama […]


Why we should be worried about Alan Greenspan’s negative interest rate prediction. It might mean the end of capitalism.

By Robert Romano While the financial and political media were panicking about the 10-year, 2-year treasuries interest rate inversion and the possibility of a recession on the horizon, former Federal Reserve Chairman Alan Greenspan was making a few headlines of his own, predicting that U.S. treasuries’ interest rates could […]


No need to panic, the 10-year, 2-year treasuries spread was bound to invert eventually. But why did the Fed wait until after 2016 to hike rates?

By Robert Romano The 10-year, 2-year treasuries spread was bound to invert eventually. It’s been a full 12 years since the last inversion, after all, and a full 10 years since the last recession. Is anyone really surprised? The economy is not a perpetual motion machine . Still, that didn’t stop equities markets from […]


Deficit likely to come in just shy of $1 trillion in 2019, latest Treasury figures show

By Robert Romano With just two months remaining in fiscal year 2019, come Sept. 30, the U.S. budget deficit appears likely to come in just shy of $1 trillion, the latest data from the U.S. Treasury shows . From October through July, the deficit has already come in at $866.8 billion. The U.S. budget deficit […]


Trade in goods deficit with China down 10 percent first half of 2019, or $18.8 billion

By Robert Romano The U.S. trade in goods deficit with China is down 10 percent in the first six months of 2019, or $18.8 billion, compared to 2018, according to the latest data from the U.S. Census Bureau . And that’s with the 10 percent tariffs President Donald Trump slapped on $200 billion of goods […]


Want to stop China from manipulating the yuan and the dollar? Bar it from buying treasuries, Mr. President.

By Robert Romano Don’t look now, but with China’s sharp devaluation of the yuan vis a vis the U.S. dollar, the Federal Reserve slashing its interest rate and and the Treasury designating Beijing as a currency manipulator, the 10-year-2-year treasuries spread may be about to invert. Meaning, one of the key […]


China proves it manipulates currency with immediate yuan devaluation upon new Trump tariff as Treasury acts with official designation

By Robert Romano “China has a long history of facilitating an undervalued currency through protracted, large-scale intervention in the foreign exchange market. In recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in […]


Trump increases pressure on China for trade deal with new 10 percent tariff on the other $300 billion of goods while Chinese economy reels

By Robert Romano China has proven itself to be an unreliable trade partner in its negotiations, says President Donald Trump, and now he is levying another 10 percent tariff on $300 billion of Chinese goods that were untaxed. This comes atop the 25 percent tariff on another […]

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