U.S. `Wile E. Coyote' Moment, Xi's Dream, Aussie Pickup: Eco Day
(Bloomberg) -- Happy Friday, Asia. Here’s news from Bloomberg Economics to help get your day started:
- Meep-meep! The U.S. could face a “Wile E. Coyote” moment in 2020 as the Trump administration’s fiscal stimulus fades, ex-Fed Chairman Ben Bernanke says
- The nation’s current roaring economy is also having its problems as suppliers struggle with bottlenecks. Trump meantime says he’s working with Prime Minister Abe to improve U.S.-Japan trade
- A slow start. Two hours south of Beijing, an empty lots stands where a year ago President Xi Jinping designated a glittering new high-tech city
- Could the June 12 summit help turn North Korea from corporate graveyard to tiger?
- Australia has a new barometer for its economic health -- a pickup truck that doubles as a national cultural icon
- Turkey surprised markets by tightening policy for the third time in less than two months, joining Brazil in efforts to protect its currency. Argentina meanwhile secured a $50 billion deal from the IMF
- Thailand looks an oasis of monetary policy stability in emerging markets
- Mario Draghi is ready to end the ECB’s bond-buying program even if he puts off the decision for one more meeting, economists say. BOE policy maker Dave Ramsden says early signs are the U.K. is bouncing back
- British PM Theresa May urged her EU counterparts to show restraint when retaliating against U.S. tariffs. Canada’s Justin Trudeau is scrambling to save the G-7 summit as the six leaders square up to Trump
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