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Musings on Greenland, tariffs and inverted yield curves



Last week the U.S. president abruptly cancelled a state visit to Denmark after the Danes rebuffed his proposal to buy Greenland, a semi-autonomous Danish territory strategically located between the North Atlantic and Arctic Ocean and rich in natural resources like uranium and rare earths.

“’If he is truly contemplating this, then this is final proof that he has gone mad,’” Soren Espersen, the foreign affairs spokesman for the Danish People’s Party, told DR, a Danish broadcaster. “We’re open for business, not for sale!” Greenland’s Foreign Affairs Ministry tweeted.

Trump countered that, “Essentially, it’s a large real-estate deal.” He then tweeted a photograph of a golden skyscraper inscribed with the Trump logo, towering over a serene Arctic village, with the tagline: ‘I promise not to do this to Greenland.’”

But when Prime Minister Mette Frederiksen called his overtures absurd, he got a little defensive.

Continue reading at The Northern Miner


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