Global Macro Review
A new year brings new hopes and plans for better things to come and without getting too religious, a prayer for 2018 not to repeat itself. Yet, the New Year’s optimism fizzled out rather quickly, starting with the circus politics in Washington. It is almost unbearable to watch as the world’s most powerful country is not be able to keep its government open and pay its civil servants. We expect the internal conflict of the United States will spill over to the unresolved trade dispute with China . We shall most likely have to wait until the agreed upon deadline of March 1, 2019 for a resolution.