Monday, June 10, 2019

How Japan negotiated trade with the US decades ago

China economy still bullish longer term

“Nowadays in China, there is probably a bubble in real estate in some cities, but not necessarily everywhere. In my opinion, there is no bubble in stocks. In the larger scheme of things, China is still in the early stage of development.” 

Japan Trade Negotiations in the past

“In the case of Japan, in the 1970s, the US would send all these ambassadors and negotiators,” Faber recalled. “The Japanese would always bow three times and say ‘yes we’re going to do it’, and what happened was the trade deficit with Japan never really went down.”

via scmp