Tuesday, August 28, 2018

The whole wide world wins bigly

Everyone (except Democrats) love the new US Mexico Trade agreement 
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
A pan-European share index enjoyed a third straight day of gains, though it gave up some of its early gains. Auto stocks continued to rally, adding 1.3 percent after enjoying their best day in a month on Monday - German carmakers rely on smooth trade between Mexico and the United States to sell Mexican-assembled vehicles into U.S. markets.
Meanwhile, some Democrats are already telling the media that the deal may not make it through the Senate, because they hate Trump and don't want to see him get credit for anything they have not seen the fine print, and because the deal does not (at this point) include Canada.

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