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February 25, 2019 | Slowdown Spreading with or without Further Trade Agreements

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Stock markets are rallying this morning on a delay of more trade tariffs between the world’s two largest national economies. But the industrial policy, intellectual property and transfer of technology disputes between China and the US are not likely to be resolved soon, and the global slowdown is likely to continue in 2019, with or without further concessions. After a decade long policy-extended credit supercycle, it’s free cash flow and demand that’s wanting, not more agreements.

Slower growth in China is affecting everything from smartphone sales to oil exports, and companies and countries in its orbit are beginning to feel the crunch.

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February 25th, 2019

Posted In: Juggling Dynamite

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