We are seeing the deterioration of a great American export. The U.S. is squandering a competitive advantage. And the buyer comes here to make the purchase and pays cash. We don’t have to ship a higher education anywhere. And school by school by school, we see a shrinking population of foreign students applying and coming to the U.S.
We’ve collected a diverse set of quotes about Kim and Trump and Xi and the region as a whole. Of course, our vantage point for this assemblage is the United States, and our view is influenced by our financial, economic, and markets perspective. As we wrote in the four-part Thucydides series (see below), trade wars, shooting […]
With all the Trumpian hullabaloo over trade, I want to share with readers a balanced, well-reasoned analysis of US trade issues penned by my good friend Bob Brusca, Chief Economist of FAO Economics. Bob makes it clear that while there are pros and cons to the US’s longtime propensity to run trade deficits, there is […]
After Trump’s cancelation of the summit with North Korean leader Kim Jong Un, investors appear to be bracing for more rockiness ahead. “We now have an unpredictable escalation path,” David Kotok of Cumberland Advisors wrote in a Thursday note of Trump’s letter. “We have a cash reserve in our Exchange Traded Fund accounts.”
Trump’s cancellation of the Kim summit meeting clearly draws lines in the sand. Trump’s position cannot now be reversed for a longer period of time than was contemplated just hours ago. We now have an unpredictable escalation path. Kim’s behavior in destroying tunnels, underground mountain rail lines, and other parts of his nuclear test site […]
In book five of The History of the Peloponnesian War, Thucydides describes how the Athenians sustained surprisingly large losses in battle and how the Spartans prevailed. He also describes what each side didn’t know about the condition of the other side. Problems arise when decisions are based on incomplete information. Athens didn’t know of the […]
Many thanks to readers for comments about our “Thucydides – Part 1.” For those who missed it the link is http://www.cumber.com/thucydides-part-1/. In this part 2 we must first offer an apology to Professor Graham Allison. An astute reader caught a typo on a third occurrence of his first name, deep in the text of part […]
“Let China sleep; when she wakes, she will shake the world.” – Napoleon, 1817 (citation source: Graham Allison) “We really don’t think it was tariffs – those have been in the public domain for days. Rather, we believe the market has a very unhealthy dynamic at the moment. Washington policy is critical to the market […]