All-Out Trade War Would Drop Stocks 20%, Siegel Says
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.
Strong global economy helps spur industry growth in 2017.
Tweets and policies could escalate trade dispute into a trade war.
Ignoring today’s more integrated world economy means fighting “yesterday’s war,” asset manager finds.
It also risks pushing the US and the world into a recession, BofA Merrill warns.
The US and the world’s economies should be fine in 2018, then start to slow, IHS Markit predicts.
Tariffs don’t involve a major part of the US economy and this may all be a negotiating tactic, say some market strategists.
Beijing will divert money from well-funded programs in bustling urban centers to subsidize struggling areas.
Their 0.65% increase last month makes up more than two-thirds of this year’s increase.
ICBC Ansheng Asset Management approval follows proposal to expedite opening of insurance industry.
Report finds investments focused on Asia-Pacific region have been mutually beneficial.
New program could grow to $1.5 trillion by 2025.
UBS said it expects Chinese mutual fund assets to reach nearly $7.5 trillion.
Mandatory Provident Fund is down 0.26% for year despite strong January.
The hedge fund magnate calls for negotiations between Washington and Beijing.