It is foolish and wrong to mourn the men who died. Rather we should thank God that such men lived. — George S. Patton
Global Spotlight
To Summit or Not to Summit? As the stakes rise in the U.S.-North Korea negotiation, we need to keep tactics distinct from the fundamental issues. U.S. President Donald Trump’s abrupt cancellation of the summit on May 24 was in part about monopolizing the unpredictability card.
Dodging the Trade War Bullet. The Stratfor.com annual forecast appears to be on track with signs that the United States and China were stepping back from their trade war threats.
Next Target, Autos. The United States may finally place tariffs on steel and aluminum imports on June 1 after initially delaying them for key allies like the European Union, Canada, Mexico, Japan and Brazil.
Iran’s Next Steps. Iran has given the European Union a soft May 31 deadline to come up with clear guarantees, pushing back against U.S. sanctions and ensuring economic benefits that Iran receives under the Joint Comprehensive Plan of Action.
End of a Deal. The end of the OPEC and non-OPEC production deal as we know it may be coming within a month. Saudi Arabia and Russia have agreed to discuss potentially increasing production at the June 22 OPEC meeting in Vienna.
Stratfor.com
Economic Calendar
Here is a list of the U.S. economic events happening this week.
briefing.com
Last Weeks Numbers
Review Last weeks numbers here.
