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Tariffs – The Aftermath
Tariffs – The Aftermath Investment Conclusion. We are far from done with volatility from Tariffs and Trade. The use of S.122 of the Trade Act 1974 is illegal in my judgement. It is also unfit for purpose as a policy to “correct” the US trade deficit. This leaves …
US Supreme Court Ruling Against IEEPA: The Emperor Has No Tariffs!
The US Supreme Court (SC) decision was in part anticipated by markets. So, it will not cause their collapse. Emerging markets, which get lower tariffs than IEEPA rate will have a rally on this result. India and China are examples. But business is not as usual. Uncerta…
Tariffying Moment
Tariffying Moment. The US Supreme Court is set to publish, on Friday, January 9, its opinions & and probably its verdict on the use of IEEPA tariffs. N egative for US Treasuries and the US$. No bonanza for EM equities, This report looks at the consequences …
Global Shipping: US Titan or Titanic?
Global Shipping - The US: Titan or Titanic Summary Shipping is like dark matter in the Universe. It keeps things expanding smoothly. It runs hypothetically in the background of world affairs like dark matter and energy in the universe. It prevents (stellar or earthly)…
Egonomics - The Resilience of Trump's Alternative Economy
Egonomics - The Resilience of Trump's Alternative Economy. Investment Conclusion The resilience of the Trump Administration’s economic policies is greater than I thought. There has been success in creating an alternative economic framework driven by the President…
RTHK The Close with Carolyn Wright & Richard Harris
RTHK The Close with Carolyn Wright & Richard Harris: Tariffs update - key issues; Trump’s attempt to blackmail EU to hide his own failings and what’s critical about BoJ & Fed meetings this week.
EU-US Tariff Deal: Ursula Sings from the President’s Hymn sheet
EU-US Tariff Deal: Ursula Sings from the President’s Hymn sheet Investment Conclusion: Equity Markets will like the deal. It removes trade war uncertainty. But more for equities than any other asset class, the uncertainty about the hit to profits and discount factors…
Tariffs: How Good is Bad? The US-Japanese hadshake deal
Tariffs: How Good is Bad? The US-Japanese hadshake deal Investment Conclusion The equity markets are rejoicing at the latest US tariff deals. I am not. And neither are bond markets or the US $. The Japanese handshake 15% tariff deal is better than the mooted 25% tariffs. Bu…