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Politics And Costs Of Protection

An excellent common sense way of dealing with loss of employment instead of resorting to costly tariffs and trade wars.  Courtesy of Morten Wendelbo, Texas A&M University and Raymond Robertson, Texas A&M University President Donald Trump has been promising to save American manufacturing, and the steel industry in particular, since the pr...

Recent Breakout Stalled

Courtesy of Declan. The good news for bulls was the lack of follow through on the selling. An argument could be made for bullish harami doji in some key indices with stops on a loss of yesterday’s lows. The Semiconductor Index held on to breakout support in what looked to be a successful defense by traders in what could still be a pullback buyi...

Anti-Trump? You Bet

Courtesy PhilstockWorld I don't try to be anti-Trump.  Well, I am anti-Trump but I'm anti any terrible President who is destroying the country (I didn't like Bush II either) – it's not something I have against Trump in particular but, it's my job to tell you what's good and bad in the World and the vast majority of bad things just so happen to c...

Who Fired This Trade War Salvo? Russians? Chinese? Or The EU?

I wonder if this is the Rest-of-the World Team's response to Trump's folly. Instead of tariffs why not rally the people of this planet against some of US largest companies? FB down 6-7% for starters.....  Oops, he did it again. Our deal leader hit the Twitter this weekend, attacking Meuller and his team summarizing all the Team Trump talking po...

Is It Worth Zero Like What Allianz Said

Time for an update on how our fellow investors in bitcoins et al are doing. What I wrote.   What I found at the height then  Here is the proof of how brainless herd mentality is, First chart, idiots in Bitcoins suddenly realized that perhaps they were indeed fools to believe the fake stories on bitcoin. so began the great exodus out of Bitcoins...

Relax, Just Relax Says Navarro To Wall Street

2 down. Earlier in the week, I noticed that US inflation numbers were down for February. This reduces the pressure on the Fed to push interest rates higher than in a worse case acceleration in consumer prices. A good point to take note of.    This morning, I see another. A hint from Navarro on the trade war front of a softening. Carve outs grow...

World War Wednesday

Courtesy of Philostockworld While you were sleeping… You know that funny story about the former Russian spy and his daughter who were poisoined in the UK (Salisbury) on March 4th and how the British investigated it and, Monday, Theresa May told Parliament that it was "highly likely" the Russians were responsible? Well the British demanded an imm...

Tame US Inflation Numbers

Bloomberg's daily summary of the 5 things to start the day today carries an important number. One which has lately been spooking investors worried about higher interest rates and the impact on equity markets. Well, based on the latest February inflation numbers, it appears that view may need a rethink. Here is a recap of a post last month. Note ...

Sealing 1MDB-Related Status Updates

One of this week's headwinds in the local market is the US's DOJ news on 1MDB. Along with the tariffs of course. This new twist should remove some of the day by day negativity overhanging market sentiment. Simply by virtue of these updates being removed from public eyes is positive. Since investors tend to react to external stimuli - mostly inte...

A Clean Reset Trump Said To Be Cleaning House

Courtesy of Zero Hedge President Trump is said to be cleaning house, according to Vanity Fair's Gabriel Sherman who writes on Friday that "Trump Is Going for a Clean Reset": Fuming in the West Wing, Trump Prepares to Defenestrate Cuck Allies and Go Full MAGA. According to a "Republican in frequent contact with the White House," Trump is "tired o...