Macro Thoughts Ltd - Trump is playing with fire; globally, consumers, including in the US, could get their fingers badly burnt

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Macro Thoughts Ltd

Keith Grindlay

EUR 116.57 For Business Accounts Only

Trump is playing with fire; globally, consumers, including in the US, could get their fingers badly burnt

While US trade tariffs are designed to create a fairer playing field for producers, they could also cause mild stagflation in the US.

The impact of higher tariffs on US agriculture has been covered in previous Macro Thoughts, but what about the risk of higher inflation for consumers in the US and globally?

With Trump dictating the pace of tariff increases, and China left to retaliate, it is easy to assume the impacts are one way, but should US consumers be wary?

Current debt levels are:

Student loan debt $1.55tn
Credit card debt $1.038tn
Mortgage debt $15.16tn
Total Personal Debt 131%, ($19.1tn)

Macro Thoughts Ltd.

23/09/2018 9 EN

Provider

Macro Thoughts Ltd

Since 2012, top tier global Hedge, Pension, Investment and Insurance Fund managers, as well as corporates and private individuals, have benefited from Macro Thoughts’ proven insight, market commentary, hedging, and investment strategies to leverage opportunities, with positive returns on over 75% of strategies, producing double digit returns for our clients over consecutive years.

Macro Thoughts is independently researched and draws on extensive macroeconomic and market experience gained in Fixed Income, Futures, Derivatives, Bond, Forex, Commodity and Equity Index markets and from strong Global Macro investment, risk taking and strategy backgrounds. Far-reaching product knowledge across asset classes enables us to consider hedging and investment strategies that reflect our expected market trends. Macro Thoughts is directed by Keith Grindlay, whose experience spans, somewhat uniquely, both the buy and sell side, having managed trading and investment desks at top tier institutions, ensuring all strategies are evaluated for risk/reward and the optimal instrument(s) for best leveraging the strategy suggested are employed.

Globally recognised for strong analytical skills, aligned with a particular aptitude for anticipating global economic events ahead of the majority of commentators, Macro Thoughts’ independent fundamental economic research and analysis and resultant strategies have a track record that assures exceptional results, with a service that surpasses the model of bank-supplied, partisan research and stands out from the general contributions on platforms that your clients and peers already have access to. The support and value offered by Macro Thoughts, delivering written research and analysis, presentations and consulting services, is backed by decades of macroeconomic and market experience and can be tailored to your specific requirements.

Member of the Royal Economic Society & EuroIRP, the European Association of Independent Research Providers.

www.macrothoughts.co.uk

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Keith Grindlay

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Trump is playing with fire; globally, consumers, including in the US, could get their fingers badly burnt

Central bank tapering - an incentive for ESG? Environmental – Social - Governance

Is it too late to address inflation? (US economic data roundup)

Commodity prices have fallen since our May 18 report, and we expect an increase in Forex volatility, especially for Emerging Markets...

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