So, the trade war gains in intensity. China plans to set import tariffs against $60 billion worth of U.S. goods.... I suppose, it's a first step and message...Bad days are coming.
This Trade War is escalating. Bad timing.
Many corporations are exposed to tremendous, historical debt during this era, but getting more credit is tough with the Fed's tightening this past year. We saw the fracking industry get hit - that is, investors have wised up on the fracking hype and curbed their flow of money into many of these companies. Nick Cunningham and others talk about this https://oilprice.com/Energy/Crude-Oil/The-Shale-Boom-Is-About-To-Go-Bust.ht