President Trump promised to build “US” a wall and I believe that he will make good on it. However, like most things Trumpian in nature, what he says is not always exactly what he does. In this case, there will probably not be a wall built between Mexico and the United States. Instead, we are […]
I jotted notes down last week and intended to post this earlier, but became distracted with other matters. It looks like Africa just told the IMF and World Bank to go f*ck their sisters. Raising more than just an eyebrow was an online article I read from Financial Juneteenth, which reported that the R&B singer and producer, […]
Equities have been rallying lately, but one group that is clearly not rising with the tide are the BRICs, i.e. Brazil (EWZ), Russia (RSX), India (INP) and China (FXI). The trends for the group are bearish. Below is a chart illustrating the combined performance of these exchange traded funds as if they were an index. […]
These are some links I found to be most informative. As usual, they cover a wide range of some of my favorite (and even dreaded topics, like taxes) interests. Enjoy…
The best way to eat an elephant is one bite at a time. My guess is that this is exactly what China is attempting to do. Monday’s announcement by the PBOC to reduce the Reserve Requirement Ratio (“RRR”) for large banks by 50 bps preceded Tuesday’s weak manufacturing report. Hmmmm…. How coincidental is that?
Commentary Disappointment over China’s weaker than expected manufacturing data and concerns over the expiration of insider lockups and investors’ front-running them overshadowed the positive signs of expansion in manufacturing activity throughout key countries within the European Union. Of course, halted trading on China’s exchanges after its CSI 300 Index crashed 7% didn’t help morale much […]
Deflated Expectations Transfer to Stock Prices I suppose I could begin today’s commentary with some reference to Friday the 13th, but that would be too cliché . So let’s look underneath the hood instead and try to determine what’s really going on. Believe it or not, the economic data was not that terribly bad.
Making the list this week are: 1) insights on China; 2) business trends and other successful tips for keeping stride in the digital economy; 3) the strange bedfellows of sex and economics; and 4) more geopolitical insights on everyone’s favorite hot spot in the the world, the Middle East. Enjoy…
In 2010, China became the world’s largest exporter and, in 2014, it became the world’s largest economy based upon PPP (purchasing power parity). It plays a major role in the global economy, so when it sneezes, some of its world trading partners are bound to catch a cold. During October-2015, its trade surplus hit a […]
This week’s list of recommendations focuses on trends in the energy industry and global economy. It also highlights earnings transcripts from notable bellwethers which offer much needed micro-economic insights that enhance the clarity of the macro-economic-mosaic. To clean your palette of the capital markets, we’ve also served up some geopolitical considerations for China and Russia […]
It Was a Most “Stimu-flating” Week Central banks are engaged in a globally coordinated effort to stimulate and inflate their respective economies. Equities responded positively and Volatility (VIX) declined against this backdrop. Treasury interest rates rose accordingly as the bond market also gave credence to the latest market noise pertaining to central banks’ grandiose plans […]
Seriously China? As someone who has spent the better part of 7 years working and traveling in Greater China and/or its mainland, I totally appreciate the cultural nuances and protocol of saving face during a time such as the 70th anniversary of Japan’s WWII surrender. I also realize that this is the year of the […]
Market Summary News of China’s further devaluation of the Yuan upon evidence of continued economic weakness sent U.S. stock prices falling during the first hour of trading. However, the bulls made quick mincemeat of the bears and gored them into submission by pushing stocks into positive territory. Other asset classes which distinguished themselves were Gold […]