| Good afternoon, A staggering $112bn has been wiped off the ASX as the trade war escalates, with China retaliating against US tariffs with Trump administration officials sounding defiant as global markets crash. The Trump dump has delivered extreme moves, however there’s one important thing that is so far preventing this becoming a full-blown financial crisis, writes Eric Johnston. A price turnaround and the prospect of accelerated rate cuts puts residential property back in favour as share markets turn sharply negative. | 
