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The "Sell America" trade made a comeback on Tuesday following President Donald Trump's latest tariff threats against European allies, giving investors a taste of the volatility that rocked global markets in April.
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Asian Stocks Trim Losses, Japanese Bonds Rebound: Markets Wrap Bloomberg.comGlobal bond markets shaken by Japan selloff, Greenland worries ReutersJapan's Government, BOJ Need Firm Stand on Yields, Tamaki Says Bloomberg.comExplaining the Japanese bond-market rebellion that has the whole world on edge Business Insider
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Netflix this week amended its offer for Warner Bros. Discovery assets amid a Paramount Skydance hostile takeover attempt.
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Global markets on alert as Europe to suspend approval of US trade deal BBCDow tumbles more than 850 points and dollar slides over Greenland and tariff threats CNNTrump's Greenland tariffs could squeeze Hill Republicans Politico'This is sell America' — U.S. dollar, Treasury prices tumble and gold spikes as globe flees U.S. assets CNBC
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Topic: Going GreenGovernancePoliticsBill Gates recently posted his new thinking on Climate Change declaring we've been thinking about it the wrong way. His article is sending shockwaves, some agreeing, some feeling he has betrayed the cause, and some like Trump declaring this is proof that climate change was a hoax. I definitely agree with Gates here (and not Trump, obviously) but his revelation speaks to something even bigger than climate change, and hints at what may be the greatest mistake in global political discussion about a wide range of topics, not just climate. We've been doing it wrong, and are paying a terrible price.
Gates' thesis is that the general climate community has been overstating the case for climate change. It's a major, serious problem, which he has personally done far more to address than almost anybody, but it's not the civilization-ending emergency crisis it is often painted as. This has stopped us from allocating our resources wisely to fight the true big problems like poverty and disease, which will do far more harm to people than even the worst that global warming threatens. The way to combat climate change not simply to stop emissions (which is good) but to give people the economic prosperity and tools to contend with the hardships to come, and many others.
Read Gates' own essay to get the full scop
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