Speaking on the August 3, 2017 Mornings with [V and] Producer CJ, Ken "The Shotgun Professor" Schortgen Jr. of The Daily Economist addresses the 'Hindenberg omens' in the stock market, a breakdown of the yen carry trade, the Federal Reserve's debt/interest rate trap (with an estimated $250 billion in additional debt service for every percentage point the Fed raises rates), and Congress exacerbating the global beggar thy neighbor trade war that's been underway since 2009.
Ken compares the recently passed H.R.3364 - Countering America's Adversaries Through Sanctions Act to the notorious Smoot-Hawley tariffs that worsened the Great Depression of the 1930s. However, Ken says American efforts to force shale natural gas shipped via expensive LNG tankers on Europe to muscle out Russian energy exports are unlikely to succeed. The EU itself is in crisis from members like Poland and Hungary defying Brussels mandates to accept Muslim migrants and is unlikely to handle the strain of additional energy costs imposed by the Americans. Ken adds that the Fed and the U.S. government don't have the ammunition to battle against the tsunami of dollar dumping and economic isolation coming upon the American economy. -- JWSRead More