The U.S. financial markets are like a soap opera with only two plot lines repeated over and over. On some days, including Monday, the world's two largest economies seem to be getting along, stock and bond markets are reasonably calm and recession talk recedes. On days featuring the other plot line of “As Our Terrible World Turns,” the U.S. and China are telenovela-style mortal enemies, stock and bond markets panic and investors and corporate executives wallow in dark thoughts.
The maddening thing is that hardly anyone asked for this show in the first place.
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