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Tag Archives: Donald Trump

Aluminum cups hit Super Bowl, scoring points on sustainability and cost

Those fortunate enough to have scored a ticket to Sunday’s Super Bowl LIV in Miami know how pricey it is just getting into the big game. On the online ticket resale site StubHub, the lowest-priced, single ticket was going for more than $4,000 in the lead up to the NFL season finale between the San Francisco 49ers and the Kansas City Chiefs. And once inside Hard Rock Stadium, super fans won’t get any breaks when it comes to the price of fueling up to cheer on their favorite team. For instance,...

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The Risen (euro)Dollar

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 of the Federal Reserve’s Chairman, Jay...

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The Sudden Need For A Trade Deal

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? I don’t mean to ask what his rationale was, more along the lines of, why 2018? Why didn’t he start right out of...

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What is Bill Dudley Thinking?

On August 27, 2019, Bill Dudley, former Chief Economist for Goldman Sachs and President of the Federal Reserve Bank of New York from 2009-2018, published a stunning editorial in Bloomberg (LINK). After reading the article numerous times, there are a few noteworthy observations worth discussing. Dudley’s Myopic View Before we dissect Bill Dudley’s opinions and try to understand his motivations, consider the article’s subtitle- “The central bank should refuse to play along with an...

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The Prospects of a Weaker Dollar Policy

“Let me be clear, what I said was, it’s not the beginning of a long series of rate cuts.”- Fed Chairman Jerome Powell -7/31/2019 “What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world….” – President Donald Trump – Twitter 7/31/2019 With the July 31, 2019, Fed meeting in the books, President Trump is up...

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Can President Trump take credit for record US oil production?

President Donald Trump’s administration has worked tirelessly to rebrand domestic energy policy in the two and a half years since he came to office. As this White House markets it, US energy is “dominant”. Fossil fuels are not produced or exported, they’re “unleashed”. And, of course, US LNG exports have been called “molecules of US freedom”. “The golden era of American energy is now underway,” Trump has said. By the numbers, Trump’s time in office has been a momentous success for oil...

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Market Implications For Removing Fed Chair Powell

John Kelly – White House Chief of Staff James Mattis – Secretary of Defense Jeff Sessions – Attorney General Rex Tillerson – Secretary of State Gary Cohn – Chief Economic Advisor Steve Bannon – White House Chief Strategist Anthony Scaramucci – White House Communications Director Reince Priebus – White House Chief of Staff Sean Spicer – White House Press Secretary James Comey – FBI Director “Every week is shark week in the Trump White House,” wrote The Hill contributing author Brad Bannon in...

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Chairman Powell – You’re Fired (Update)

Since President Trump first discussed firing Jerome Powell, out of a sense of frustration that his Fed Chair pick was not dovish enough, he has regularly expressed his displeasure at Powell’s lack of willingness to do whatever it takes to keep the economy booming beyond its potential. Strong economic growth serves Trump well as it boosts the odds of winning a second term. This thought of firing the Fed Chair took an interesting turn yesterday when Mario Draghi, Jerome Powell’s counter-part in...

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Trump won’t gamble with US strategic oil stocks despite supply disruption risks

Keeping fuel prices low is a political priority for US President Donald Trump. Just don’t bet on him gambling with America’s emergency oil stocks to achieve a second term in office, at the risk of jeopardizing energy security for the world’s largest economy. Created in the early 1970s, soon after the oil shock caused by OPEC’s disastrous response to the Yom Kippur war, the Strategic Petroleum Reserve (SPR) remains arguably America’s most important economic buffer. Ironically, the first oil...

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

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. In the entire series which goes back to 1988, there are only three instances where it has been worse for Chinese manufacturers and one of those was...

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