It is interesting that a market monetarist would call for fiscal austerity. Of course, that is what he is calling for in emerging markets because debt is not sustainable there. He is not calling for loose monetary policy because he says that will not fix the debt load in these nations in the face of rising interest rates and dollar denominated debt.

We could buy stuff still cheaper? How would this possibly help American business? Our cost of production is too high to really compete. I don't honestly believe #Trump is serious about this. It is just to gain votes.

I wrote about a precise and clean definition of helicopter money here: www.talkmarkets.com/.../eric-lonergan-precisely-defines-helicopter-money

Speaking for myself, Canada and the US are pretty balanced regarding trade. Why make a trade war under those circumstances? I would like for a peaceful atmosphere to continue between the US and Canada. We need Canadian lumber and house prices inflate due to a scarcity of wood product.

Other than number 5 could be labeled slow growth at any cost, this article pretty much sums it up.

Ha, ha. Nice satire.

As long as there are shadow banks, it is business as usual. If they falter, we know what could happen by looking at the USA last decade.

If the trade wars hit while this company is in deep financial trouble, what will happen, author? Interesting article. EV's may have a place. I don't think they are the choice of most. Self driving cars are a con. That con ups the price of every Tesla EV.

My DNA mother was born in Canada, Calgary in fact! But she left prior to 1947, which means she was still a national, not a citizen, and a British subject until she married in the USA. So, thanks for the invitation, prof. Regarding Trump, I even have family members who don't understand the complexity of trade, of the possibility that there would be unintended consequences of trade wars, of the possibility that Russia may become a large supplier of wheat to Latin America. It could happen.

So, surely the combination of yield curve reversal and Trump trade wars could work to play a nasty trick on the stock market, with a shock, a big one. We hope for better, but it is clear that radicals have taken over the White House and that Bannon's ghost is still present there.

America First looks like Russia First. Isn't that the truth, Marc. Stock investors are sleeping. Trump wants to disrupt the global order, and indeed, Peter Navarro, a dangerous man in my view, said this:

"And my job at the White House is to help the president get jobs, good jobs, manufacturing jobs to the working men and women of America, and we can't do that unless we UPSET THIS EXISTING WORLD ORDER, which basically is tremendously biased."

This cannot end well.