Economic Data Supports Economic Expansion As Trade War Verbal Duel Continues

November 22, 2019

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*The Shopping Hour, Washington Street, Boston, Massachusetts*

The war of words between the Trump administration that wants a good 'phase one' trade deal for the American people and the leaders of the Chinese Communist Party which just want tariffs removed continued in the press today with the state-run Chinese Global Times spooking markets early this morning.

CD Media has consistently said that tariff removal is of uppermost importance for the Chinese communist government. Beiljing will say or promise anything to achieve this result.

#Opinion: China wants to work for a "phase-one" trade deal with the US on the basis of mutual respect and equality, and some tariffs rollback is an important condition for a deal. If US chooses to raise more #tariffs and escalates trade war, China will fight back and retaliate. pic.twitter.com/IH382dNSC8
— Global Times (@globaltimesnews) November 22, 2019

In economic data for the day, UMich Consumer Confidence came in at 96.8 vs a consensus estimate of 95.7.

Markit Services PMI was reported at 51.6 vs 51.0 consensus. Markit Manufacturing PMI was 52.2 vs 51.4 estimated.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."