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Due to China’s massive trade surplus over the U.S., China can’t keep up with the magnitude of Trump’s levies — Beijing doesn’t buy enough American goods on which to impose the equivalent volume of tariffs. China may further devalue the yuan — down 8 percent since May — to help its exports, but too much […]

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J.P. Morgan’s top quant, Marko Kolanovic, predicts a “Great Liquidity Crisis” will hit financial markets, marked by flash crashes in stock prices and social unrest. The trillion-dollar shift to passive investments, computerized trading strategies and electronic trading desks will exacerbate sudden, severe stock drops, Kolanovic said. Central banks will be forced to make unprecedented moves, […]

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