Is the classic hit from Prince, taken from the album of the same name.
The Dow Jones, hit an intra day RECORD of 19999.64 points yesterday, that helped put the dollar back at a 14 year high.
All this, is good news for the American stock market, but here in Asia, do not expect the same LOVE, as Donald Trump threatens a 1930's style trade war against Asia.
This will add tremendous sell pressure on Bursa Malaysia and also on the Ringgit.
Bloomberg has the story on Donald Trump's dangerous liasion for Asia. Read Below :
U.S. President-elect Donald Trump’s promise to shrink a trade deficit with China through punishing tariffs wouldn’t just hurt the world’s second-biggest economy -- it would also damage the rest of Asia too.
That’s the increasing view of economists who say the risk of significant Trump-triggered trade tensions could slow growth in the world’s best performing region, which accounts for 67 percent of America’s goods trade deficit, according to a Morgan Stanley.
“Donald Trump’s campaign proposal to impose hefty tariffs on China has raised the specter of 1930s-style trade wars,” said Priyanka Kishore, lead Asia economist at Oxford Economics in Singapore. “While we attach a low probability to a full-blown escalation, economies across Asia will have to brace themselves for rising protectionism amid subdued global growth and rising Western populism.”
