Tuesday , September 17 2019
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Tag Archives: Water Cooler

2:00PM Water Cooler 8/14/2019

By Lambert Strether of Corrente Trade “China Sticking to September US Trade Talks After Tariff Delay” [Bloomberg]. “Chinese officials are sticking to their plan to visit Washington in September for face-to-face trade meetings, people familiar with the matter said, signaling that talks remain on track for now despite an abrupt escalation in tariff threats this month. The U.S. on Tuesday delayed the imposition of some new tariffs after top negotiators spoke on the phone, with President Donald...

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2:00PM Water Cooler 8/13/2019

By Lambert Strether of Corrente Trade “‘Very Painful’ Trade War Has Tech Suppliers Moving Out of China” [Bloomberg]. “From Inventec to Apple-assembler Hon Hai Precision Industry Co., Taiwanese companies that make most of the world’s electronics are reconsidering their reliance on the world’s No. 2 economy as Washington-Beijing tensions simmer. Rising tariffs on Chinese-made products threaten to wipe out their margins and up-end a well-oiled, decades-old supply chain. Microsoft Corp.,...

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2:00PM Water Cooler 8/12/2019

By Lambert Strether of Corrente Trade “Key Moments of the Week Trump’s Trade War Turned Currency Feud” [Bloomberg]. “As China matched President Donald Trump’s higher tariffs and name-calling with painful moves of its own, the arguments from [Peter] Navarro were heard over those of Treasury Secretary Steven Mnuchin and Larry Kudlow. The result was another blast of Trump tariffs and an official U.S. declaration of China as a currency manipulator. China’s response was a boycott of American farm...

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2:00PM Water Cooler 8/9/2019

By Lambert Strether of Corrente Trade The Japanese-Korean trade war seems serious. Thread: Another report that says Samsung Electronics is cutting all Japanese components from all of its product lines. Not just semiconductors, but smartphones and home appliances as well. | [단독] 삼성, 日소재 부품 빼기 '반도체,스마트폰, 가전' 모두 추진 https://t.co/AcB1UxSrk0 — T.K. of AAK! (@AskAKorean) August 9, 2019 Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison,...

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2:00PM Water Cooler 8/8/2019

By Lambert Strether of Corrente Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “2020 Democratic Presidential Nomination” [RealClearPolitics] (average of five polls). As of August 7: Biden down to 31.0% (31.6), Sanders down to 15.8% (16.6%), Warren flat at 15.5% (15.6%), Buttigieg flat at 5.5% (5.4%), Harris down at 8.3% (9.4%), Beto...

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2:00PM Water Cooler 8/7/2019

By Lambert Strether of Corrente Trade “U.S. agricultural exports to China plummeted more than 50% last year to $9.1 billion as tariffs raised the cost of American soybeans, pork and other farm products. The exports dropped another 20% in the first six months of this year. The pain is rippling through agricultural supply chains. One forecast says tariffs could cost the sector as many as 71,000 jobs over the next two years” [Wall Street Journal]. (Apparently, China’s swine fever epidemic has...

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2:00PM Water Cooler 8/6/2019

By Lambert Strether of Corrente Patient readers, this is a wildly out-of-whack Water Cooler that I will shortly rebalance. I needed to do a pantry clear-out on the Politics section, which I did not complete because I got a late start. I also need to add the material about the feral hogs (you’ll find out). I hope there’s enough to inspire in the mean time. –lambert UPDATE All done! Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison,...

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2:00PM Water Cooler 8/5/2019

By Lambert Strether of Corrente Trade “Trade Wars Escalate” [Tim Duy’s Fed Watch]. “The big news everyone will wake up to is the latest escalation in the trade wars between the U.S. and China. The situation is obviously a clear net negative for the economy that will keep the Fed biased toward easing again in September. The Fed will remain under pressure to help President Trump fight his trade wars with lower interest rates in the months ahead.” • If the Fed takes away the punchbowl, the worst...

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2:00PM Water Cooler 8/2/2019

By Lambert Strether of Corrente Trade “5 Smart Reasons to Tax Foreign Capital” [Michael Pettis, Bloomberg]. “Senators Tammy Baldwin and Josh Hawley have introduced a bill that would require the Federal Reserve to manage the foreign-exchange value of the U.S. dollar to achieve balance in the U.S. capital account…. The bill would task the Fed with implementing a variable tax on foreign purchases of U.S. dollar assets whenever foreigners direct substantially more capital into the U.S. than...

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2:00PM Water Cooler 8/1/2019

By Lambert Strether of Corrente Patient readers, I’ll have more on politics after I throw in a laundry! –lambert UPDATE All done! Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “2020 Democratic Presidential Nomination” [RealClearPolitics] (average of five polls). As of July 31: Biden dips to 32.0% (32.2), Sanders up to 16.4% (16.2%),...

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