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Archive for 8. Juli 2019

The Strangely Dovish Donald Trump

Posted by hkarner - 8. Juli 2019

Date: 07-07-2019
Source: The Wall Street Journal

As he befriends Kim Jong Un and balks at striking Iran, an erratic president keeps everyone guessing?

Is President Donald Trump, deep down, a peacenik?

Even to ask the question a couple of years ago would have been to invite derision. In his first six months in office, much of the world thought that he was the very model of the trigger-crazy American gunslinger, tipping us all into nuclear armageddon. As the old Cold War joke in Europe used to go, the president was going to make up for the fact that America had been late for the first two world wars by being really early for the third.

Mr. Trump threatened to rain “fire and fury” on North Korea. He pulled out of the 2015 Iran nuclear deal, warning darkly that the U.S. wouldn’t tolerate a nuclear-armed Tehran. He bombed Syria a few months after taking office. There were repeated rumors out of the White House for much of the past year that the U.S. was preparing to invade Venezuela. He declared trade wars on half the planet.

And now what? There is still a lot of bellicose twittery, but consider the substance. Den Rest des Beitrags lesen »

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For Europe, There’s an Upside to Germany’s Slowdown

Posted by hkarner - 8. Juli 2019

Date: 07-07-2019
Source: The Wall Street Journal

Loss of momentum could coax the government in Berlin to open its wallet

Germany has emerged as a major victim of global uncertainties because of its heavy reliance on exports, which account for 47% of its economic output. Employees at a BMW factory in Leipzig.

Germany’s economic slowdown, though no doubt bad for Europe in the short term, could be helpful over a longer period by easing a rift between the region’s economically stronger north and weaker south over pro-growth policies.

The country accounts for nearly a third of all economic activity in the eurozone, but no European Union economy grew more slowly in the year through March, aside from Italy. That puts Germans more in sync with the rest of the region as global growth cools, Brexit drags on and trade tensions linger between the U.S. and China. Den Rest des Beitrags lesen »

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