Bloomberg Daybreak: Australia with David R. Kotok on Trade and China (Video)
David Kotok joins Bloomberg Daybreak: Australia to discuss the US-China trade relationship.
“Our view is, a full trade arrangement with China has eluded us; it’s gone. Businesses are now making decisions about location around the world. They’re changing what they’re doing. The United States is now collecting a sales tax on Americans, masquerading as a tariff. And the amount in the tariff is now paying approximately 1/4 of the interest bill on American borrowings and we have a rising deficit. And you hear the president say we’re collecting all this money. Well we are collecting it. Americans are paying it. And we see it in changes in prices. A washing machine costs 10 or 12 percent more than it did before the tariffs. So this is an unfolding story. I’m not sanguine about it and I believe markets are adjusting to the fact that this is a more permanent space. Which means pricing is different, location of businesses are different."
Watch David's full interview online at the Bloomberg website. He starts around the 12:30 minute mark: www.bloomberg.com
BondBuyer – Lower tuition rates may mean more downgrades in FY 2020
Excerpt from The Bond Buyer
By Sarah Wynn
Nov 18, 2019
Some analysts have decided to stick with highly rated bonds in the higher education sector.
“The higher education area, depending on if it’s public or private has seen some declines (in enrollment) over the years, especially in the private colleges,” said Patricia Healy, senior vice president of research and portfolio manager at Cumberland Advisors. Private universities have seen more downgrades than public universities, Healy later added.
Healy said Cumberland looks for double-A and higher single A-rated bonds because high-quality bonds tend to be more liquid and the firm tends to take a more active strategy.
Healy said her firm stopped investing in many private colleges years ago due to the continuing decline in enrollment. Healy said a decline in enrollment can be a reflection of a good economy because people are going directly into the workforce.
Continued: https://www.cumber.com/bondbuyer-lower-tuition-rates-may-mean-more-downgrades-in-fy-2020/
Yahoo Finance Highlight: David Kotok discusses Macy’s, Target earnings & retail divide
Watch the video at this link: https://www.cumber.com/yahoo-finance-highlight-david-kotok-discusses-macys-target-earnings-retail-divide/
The MoneyShow Orlando 2020
