Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

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Sunday, June 10, 2018

Trump and the allies

This really sums it up.  A picture from the G7 conference in Canada, via David Mack.  And Trump wanted Russia to be invited.  He ditches allies who have supported the US for seven decades to cosy up to a dictator who threatens neighbouring countries.

The Great Leader has just announced that Trudeau lied (who cares about the details?), and therefore he's going to put tariffs on imported cars.  Does he know that the US and Canadian car industries are intertwined?  Does he realise that punitive US tariffs will simply be followed by retaliatory punitive tariffs on US exports by the US's trading partners? 

When will this peak stupid stop?




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