China to lose ally against US trade hawks
Less resistance for Chucky and Lindsey as U.S. business doesn't want to be seen defending China with 10% unemployment. The article also notes complaints about China's currency policy, which last time I checked, hasn't changed much for several years, except for revaluing in favor of U.S. exporters. What would make people change their opinion when the facts on the ground haven't changed? Social mood.
Australian households are under the pump
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The Reserve Bank of Australia (RBA) kept the official cash rate on hold on
Tuesday primarily because the household sector, which is the main driver of
th...
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