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Thursday March 23, 2017

Quote of the Day

"The market does not trade upon what everybody knows, but upon what those with the best information can foresee." - William Hamilton

G2 Conflict

By Benjamin J. Butler

 

Plaza Hotel, Seoul

 

I am writing this week from the Asia Pacific Financial Forum, where I was the opening keynote speaker. The topic of the forum is the G2 (Group of Two -- US and China) trade war and neo-isolationism.  I was actually wondering whether the Plaza Hotel here was linked to the one in New York, as rather interestingly that was the location of the famous Plaza Accord, where the major economic powers decided to reduce the value of the US dollar in 1985.

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