This is a long one, but many enlightened observations in this clip, especially in the first hour or so. Always cathartic to hear someone call ‘bollocks’ on mainstream financial memes and explain why the focus must be on protecting and enabling savings to endure rather than ‘running money’ and ‘playing markets’. In his first-ever interview,…
This week it’s a look at ETF market share – which is basically another way of saying implied country allocations. There are a few standouts across the countries within emerging markets when you look at implied country allocations, but Mexico is a particular standout for a number of reasons. The chart comes from a report on…
Presently, the state of US trade deficit and how the Trump administration is attempting to address it is front and center. In February, the deficit came in at $57.6 billion, with the 12-month total of $589.6 billion, which was the highest since March 2009 (Chart 1). China – a manufacturing hub – is a big…
President Dennison was up before dawn on Monday tweeting about Chinese cars. When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that…
This is my second post during financial literacy month and I’m going to take on cash vs credit. One popular financial radio host, Dave Ramsey, has been a vocal critic of credit cards saying to never own one because you will spend more because it is plastic (strangely he advocates for debit cards instead). I…
Last week, with the tit-for-tat Chinese trade war escalating following Trump’s threat to raise Chinese imports tariffs by another $100BN, we said that it is time to buy some Yuan puts, ahead of a potential Chinese devaluation. CNY puts looking real cheap right about now — zerohedge (@zerohedge) April 5, 2018 Overnight we got a…
Jeff Bezos started his company by shipping old books out of his garage. But today the founder, chairman, and CEO of Amazon.com is the wealthiest person in the world, with a net worth of approximately $118 billion. Over the course of last year he managed to leapfrog over Bill Gates with his $90 billion. But…
In December last year the NYSE Arca Inc. filed a proposed rule change that would allow for the creation of Exchange Traded Funds investing in Bitcoin futures contracts, and, potentially, in other related Financial Instruments. In January 2018 the U.S. Securities and Exchange Commission extended its review of this proposal. Also that month the director…
US shares slumped before the weekend amid concern that the Trump Administration was prepared to escalate the trade tensions with China. However, cooler heads are prevailing, and there is a recognition that the conflict is still in the posturing phase. No sanctions have gone to into effect. As the Economist points out, nearly 100 of…
All the major asset classes declined in April’s first week of trading, based on a set of exchange-traded products. The losses mark the first broad sweep of weekly red ink for markets since early February. The smallest setback was posted in inflation-indexed Treasuries. The iShares TIPS Bond (TIP) dipped a fractional 0.2%, the smallest loss…
