There’s no mistaking that the US economy is on a tear. Nearly a decade of economic stimulus and really cheap money have driven the economy to a go-go pace not seen since the 1960’s, and the afterburners of big tax and regulation cuts and Federal spending have nearly launched it into orbit.
The global trade situation is improving. Deals are inked with South Korea, Mexico and a contentious Canada, and talks with Japan and Europe look like they’re hustling to the finish line. That leaves China as the 600,000-pound dragon in the room. Relations on all levels with China are at modern low points and getting worse.
It’s been a very interesting year so far, and things may just be getting started.