Tag Archive: Donald Trump

US midterms set to favour gold

2022-11-10

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2022-11-10

The US midterms have not produced the ‘red tsunami’ so many political commentators predicted. But the Democrats could still lose the House of Representatives and possibly the Senate, as well. The implications this could have on policy making could be dramatic.

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Weekly Market Pulse: Inflation Scare!

2021-10-25

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2021-10-25

The S&P 500 and Dow Jones Industrial stock averages made new all time highs last week as bonds sold off, the 10 year Treasury note yield briefly breaking above 1.7% before a pretty good sized rally Friday brought the yield back to 1.65%. And thus we’re right back where we were at the end of March when the 10 year yield hit its high for the year.

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Weekly Market Pulse: Perception vs Reality

2021-10-18

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2021-10-18

It was the best of times, it was the worst of times… Charles Dickens, A Tale of Two Cities Some see the cup as half empty. Some see the cup as half full. I see the cup as too large.

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Politics Get Weird, Markets Don’t Care

2021-01-19

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2021-01-19

US Personal Income data by YCharts
A mob, led by a shirtless man wearing a Viking helmet, stormed the Capitol building a couple of weeks ago and five people died before order was restored. A man from upstate New York sat in a Senator’s office and smoked a joint. Another roamed the halls of Congress with a Confederate flag.

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Some Conservatives Want Americans to Abandon Classical Liberalism. Don’t Listen to Them.

2020-06-23

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2020-06-23

Donald Trump's economic populism, and his break with the established post-war conservative movement, has created an opening for new types of conservatism. Among these is the anti-market wing of the movement characterized by a renewed enthusiasm for trade controls, more spending on welfare programs, and more government regulation in the everyday lives of ordinary Americans.

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Deep State to Powell: Stop Goosing Stocks Higher Or You’ll Re-Elect Trump

2020-06-13

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2020-06-13

Come on, Jay, you can always goose stocks back to new highs after the election. Indulge me for a moment in some backroom speculation. It's absurdly obvious that the unelected, permanent, ever-expanding National Security State, a.k.a the Deep State, and its Democratic Party allies have been attempting to torpedo Donald Trump since the 2016 election took them by surprise. (Imagine doing everything that worked so well in the past and failing at the...

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The Risen (euro)Dollar

2019-12-05

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2019-12-05

India Real GDP, 1997-2019
Back in April, while she was quietly jockeying to make sure her name was placed at the top of the list to succeed Mario Draghi at the ECB, Christine Lagarde detoured into the topic of central bank independence. At a joint press conference held with the Governor of the Reserve Bank of South Africa, Lesetja Kganyago, as the Managing Director of the IMF Lagarde was asked specifically about President Trump’s habit of tweeting disdain in the direction...

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The Sudden Need For A Trade Deal

2019-11-09

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2019-11-09

US Imports of Goods from China, NSA 1989-2019
Talk of trade deals is everywhere. Markets can’t get enough of it, even the here-to-fore pessimistic bond complex. Rates have backed up as a few whispers of BOND ROUT!!! reappear from their one-year slumber. If Trump broke the global economy, then his trade deal fixes it. There’s another way of looking at it, though. Why did the President go spoiling for trouble with China in 2018?

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Trade Wars Have Arrived, But It’s Trade Winter That Hurts

2019-05-13

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2019-05-13

U.S. Imports from China, Jan 1989 - 2019
There is truth to the trade war. That’s a big problem because it’s not the only problem. It isn’t even the main one. Given that, it’s easy to look at tariffs and see all our current ills in them. The Census Bureau reports today that the trade wars have definitely arrived. In March 2019, US imports from China plummeted by nearly 19% year-over-year.

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Monthly Macro Monitor – January 2019

2019-01-27

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2019-01-27

Economic Growth & Investment
A Return To Normalcy. In the first two years after a newly elected President takes office he enacts a major tax cut that primarily benefits the wealthy and significantly raises tariffs on imports. His foreign policy is erratic but generally pulls the country back from foreign commitments. He also works to reduce immigration and roll back regulations enacted by his predecessor.

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US Vs China – Is It ‘Art Of The Deal’ Or Economic Warfare?

2018-07-04

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2018-07-04

While monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines...

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Swiss Prosecutors will not Pursue Novartis over Trump Lawyer Payments

2018-06-09

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2018-06-09

The Office of the Attorney General of Switzerland (OAG) announced on Wednesday that it will not bring proceedings against Novartis in connection with the payments the Swiss pharmaceutical company made to Donald Trump’s personal lawyer.

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Swiss Bank to Drop Iranian Business

2018-06-01

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2018-06-01

A Swiss lender is suspending new transactions with Iran following US President Donald Trump’s withdrawal from the nuclear deal with Tehran. Banque de Commerce et de Placements (BCP)external link announced on Tuesday that it was wrapping up its activity in Iran in response to the US pulling out of the Iranian nuclear accord earlier this month.

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US trade disputes indirectly threaten Swiss economy

2018-03-23

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2018-03-23

Ongoing global trade disputes involving the United States are casting a potential shadow over Swiss economic growth, along with other international events, such as the Italian elections and Brexit. However, the Swiss economy is forecast to expand 2.4% this year and 2% in 2019.

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Global Asset Allocation Update: Tariffs Don’t Warrant A Change…Yet

2018-03-12

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2018-03-12

Moderate Allocation
There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. We have had continued volatility since the last update but the market action so far is pretty mundane. The initial selloff halted at the 200 day moving average and the rebound carried to just over the 50 day moving average.

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Economics minister praises Swiss tax system

2018-01-28

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2018-01-28

Swiss Economics Minister Johann Schneider-Ammann has downplayed concerns that Swiss-based American firms might relocate to the United States in the wake of tax reform. Speaking in Davos ahead of a visit by US President Donald Trump, Schneider-Ammann said that if he were head of an American company he would think twice before such a relocation, since there is no guarantee the tax breaks will still be in place a few years from now.

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Swiss president says Trump meeting was productive

2018-01-27

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2018-01-27

Swiss President Alain Berset says his meeting with US President Donald Trump at the World Economic Forum in Davos was productive and frank. Trump took credit for making Switzerland “even richer”. "You have a lot of our stock in the United States so I have helped to make Switzerland even richer," Trump said shortly after the meeting. He said a booming US economy was good for Switzerland.

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Switzerland still competitive despite US tax reforms, says economics minister

2018-01-25

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2018-01-25

Swiss Economics Minister Johann Schneider-Ammann says he does not think sweeping US tax reforms will drive American firms from Switzerland. In an interview with the Schweiz am Wochenende newspaper on Saturday, he said Switzerland also has competitive advantages for companies.

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Trump to attend WEF gathering in Davos

2018-01-12

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2018-01-12

United States President Donald Trump plans to attend the World Economic Forum (WEF) in Davos, Switzerland later this month, his spokeswoman said on Tuesday. In a statement, Sarah Huckabee Sanders, the White House press secretary, said Trump was looking forward to attending the annual gatheringexternal link of world leaders and business executives in the mountain resort in southeast Switzerland.

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What President Trump and the West Can Learn from China

2017-11-16

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2017-11-16

President Trump meets President Xi
Expensive Politics. Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China.

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