Cumberland Advisors’ David R. Kotok notes there is some positive movement toward normalization on the diplomacy and trade front between the United States and China. He touches on supply chains, COVID-19, how our political systems differ, and how our generations of millennials are positioned for the future.
Highlands News Sun – COVID-19: Florida vs. Taiwan August 08, 2020 – By David R. Kotok, Guest columnist Excerpt: On July 11, in a COVID-19 briefing held at Blake Medical Center in Bradenton, Florida, Gov. Ron DeSantis bragged about the amount of coronavirus testing Florida has done compared to Taiwan. He said, “We’ll go over […]
For the next 100 days or so, the growing focus on the US election may drive news flows and alter markets. Remember, though, there is a chasm between what polls are saying now and what markets are pricing as expectations for tomorrow. Most market agents are looking at 2021 and are now focused on a […]
China’s economy, the second largest in the world after that of the United States, is recovering from a sharp slowdown in the first quarter of the year. The first estimate of the annualized second-quarter GDP growth rate is +3.2% versus 2.4% expected, a strong reversal from -6.8% in the first quarter. The advance indicates that […]
Warren Buffett doesn’t need the Fed’s help. But he’s getting it anyway Excerpts below. By Matt Egan, CNN BusinessJun 29, 2020 It’s not that Berkshire needs or requested assistance from the Fed — nor that the relatively tiny bond purchases will move the needle for Buffett’s massive company. Other blue-chip names including Walmart, Boeing, […]
If you looked at the two different covers of The Economist for May 30, 2020, you saw the 100,000-death message on the American version, and you saw the Hong Kong security law depiction on the Asian edition. Internal content was mostly the same, but the lead stories reflected the world as the Economist editors saw it and wanted to […]
Not having learned the costly lessons of a US-China trade war, the US government has now taken action that risks triggering an investment war with China that could have serious negative effects on the economies of both countries at a time when each will be seeking to recover from the heavy impacts of the COVID-19 […]