FAST FIVE: A US-China Trade Deal Will Likely Be A Zero-Sum Game
The main reason why economies are slowing down is fundamentally the result of the debt excess of the past years, not trade wars.
Low interest rates and high liquidity have also generated collateral damages.
According to Ryan Banerjee, an economist at the Bank of International Settlements, the percentage of zombie firms has risen to multi-year highs.
2018 was the first year in which the global money supply fell after years of exceptionally high growth.
A new trade deal will probably have a marginal effect on the Chinese and US economies.