Tag Archives: US Debt

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Trump needs a market scape goat

Author: , Post Date: November 21, 2018
Cumberland-Advisors-David-Kotok-In-The-News

Trump needs a market scape goat By BEN WHITE (bwhite@politico.com; @morningmoneyben), AUBREE ELIZA WEAVER (aweaver@politico.com; @AubreeEWeaver) 11/21/2018 08:00 AM EST Excerpt below: Another brutal day on Wall Street and President Trump once again decided to blame Fed Chair Jay Powell rather than face the reality that the U.S. economy is likely to slow down next […]

Russia plans to sell more US debt in response to sanctions

Author: , Post Date: August 14, 2018
Cumberland-Advisors-David-Kotok-In-The-News

…[R]isk is that China or another country weans itself off US debt by slowing its purchases and waiting for existing Treasuries to mature.

“Gradualism could have a long-term impact on the United States. But that would be a patient policy that would not reveal itself easily,” said David Kotok, chairman of Cumberland Advisors

“The honor of the nation was at stake.”

Author: David R. Kotok, Post Date: June 9, 2011
David R. Kotok

Stefan Ingves, Sweden’s central bank governor, was asked how Sweden found the political resolve to respond to its financial crisis two decades ago. His answer was, “The honor of the nation was at stake.” A simple statement carrying profound meaning. In the end, the honor of Greece, Portugal, Ireland, and countries around the world is […]