'The recession has already started': David Rosenberg on the U.S. economy
BNN Bloomberg spoke with David Rosenberg, chief economist and strategist at Gluskin Sheff + Associates, about growing concern over the state of the global economy. and why he thinks the U.S. recession has already started. BNN Bloomberg video above published Jun 17, 2019. Gluskin Sheff + Associates Inc., (domain: gluskinsheff.com) is a Canadian wealth management firm. BNN Bloomberg is a Canadian English language specialty channel owned by Bell Media, broadcasting Canada’s only TV service devoted exclusively to business, finance and the markets, headquartered at 299 Queen Street West in Downtown Toronto. [Editor's note and caveat: Rosenberg has been known as a perma-bear.]
Get U.S. dollar exposure to prepare for coming economic pain: David Rosenberg
David Rosenberg thinks the U.S. is already in recession, but doesn't believe investors should flee from the greenback. BNN Bloomberg video above published Jun 18, 2019.
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Showing posts with label investments. Show all posts
Showing posts with label investments. Show all posts
2019-01-03
Greycroft's Alan Patricof on Venture Capital, Entrepreneurs, IPOs (video)
Greycroft’s Alan Patricof: We’re seeing enormous ‘entrepreneurial enthusiasm’
Greycroft (domain: greycroft.com) co-founder Alan Patricof on the “entrepreneurial enthusiasm” in the U.S. and his company’s investments. Fox Business videos above and below published Dec 28, 2018.
Greycroft’s Alan Patricof: The IPO market has finally opened up
Greycroft co-founder Alan Patricof discusses his outlook on IPOs and the stock market volatility.
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Greycroft (domain: greycroft.com) co-founder Alan Patricof on the “entrepreneurial enthusiasm” in the U.S. and his company’s investments. Fox Business videos above and below published Dec 28, 2018.
Greycroft’s Alan Patricof: The IPO market has finally opened up
Greycroft co-founder Alan Patricof discusses his outlook on IPOs and the stock market volatility.
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2018-07-09
Trade War Begins: Why China’s Growth Doesn’t Work For America Anymore
President Trump Announces Trade Tariffs On China Imports
BloombergQuint.com video above published Jul 6, 2018.
Trump tariffs on Chinese goods fulfill campaign promise: Peter Navarro
White House Office of Trade and Manufacturing Policy Director Peter Navarro says President Trump has given China every possible avenue to address the theft of U.S. intellectual property. Fox Business video above published Jul 6, 2018.
Trade War Begins: Why China’s Growth Doesn’t Work For America Anymore
No longer does the United States see the Chinese system of economic growth as a tolerable process, says Law Professor Raj Bhala, an expert in International Trade Law, in the video above. Raj Bhala is the inaugural Brenneisen Distinguished Professor, The University of Kansas, School of Law, and Senior Advisor to Dentons U.S. LLP.
According to Bhala, two Trump administration documents detail why Section 301 actions are necessary:
The first is a 215-page investigation report, issued on March 22 by the United States Trade Representative (USTR), summarized in the USTR’s language:
BloombergQuint.com video above published Jul 6, 2018.
Trump tariffs on Chinese goods fulfill campaign promise: Peter Navarro
White House Office of Trade and Manufacturing Policy Director Peter Navarro says President Trump has given China every possible avenue to address the theft of U.S. intellectual property. Fox Business video above published Jul 6, 2018.
Trade War Begins: Why China’s Growth Doesn’t Work For America Anymore
No longer does the United States see the Chinese system of economic growth as a tolerable process, says Law Professor Raj Bhala, an expert in International Trade Law, in the video above. Raj Bhala is the inaugural Brenneisen Distinguished Professor, The University of Kansas, School of Law, and Senior Advisor to Dentons U.S. LLP.
According to Bhala, two Trump administration documents detail why Section 301 actions are necessary:
The first is a 215-page investigation report, issued on March 22 by the United States Trade Representative (USTR), summarized in the USTR’s language:
- “China uses joint venture requirements, foreign investment restrictions, and administrative review and licensing processes to force or pressure technology transfers from American companies.”
- “China uses discriminatory licensing processes to transfer technologies from U.S. companies to Chinese companies.”
- “China directs and facilitates investments and acquisitions which generate large-scale technology transfer.”
- “China conducts and supports cyber intrusions into U.S. computer networks to gain access to valuable business information.”
The second is a 35-page report, issued on June 20 by the White House Office of Trade and Manufacturing (embed below), which contends that in addition to protectionist barriers, subsidized overcapacity, and cloud computing restrictions, China seeks to “acquire key technologies and intellectual property from other countries” and “capture the emerging high-technology industries that will drive future economic growth and many advancements in the defense industry.”
A third document is April 18 testimony to Congress by Pacific Commander Admiral Philip Davidson that the CCP’s military intentions in the South China Sea threaten to “displace the U.S. as the security partner of choice for countries in the Indo-Pacific” and “prevent the United States from intervening in any regional conflict on China’s periphery”.
According to Bhala, the U.S. will no longer facilitate Chinese economic growth because the U.S. no longer believes Chinese Communist Party (CCP) led planning is good for the U.S. or the world--that the CCP’s economic behavior, not to mention military intentions, erode America’s economic vitality and thereby undermine its national security. Bhala adds:
"The European Union fought most of the rest of the world over bananas throughout the 1980s and 1990s. Canada and the United States have been whacking each other with softwood lumber since 1982 ... The prudent historical inference for businesses to draw is to re-think their models.
See also:
A third document is April 18 testimony to Congress by Pacific Commander Admiral Philip Davidson that the CCP’s military intentions in the South China Sea threaten to “displace the U.S. as the security partner of choice for countries in the Indo-Pacific” and “prevent the United States from intervening in any regional conflict on China’s periphery”.
"… [T]he United States advocates for a free and open Indo-Pacific, supported by regional partners and allies that respect international law, freedom of navigation and overflight, and the free flow of commerce and ideas. ...[I]t is increasingly clear that China wants to shape a world aligned with its own authoritarian model and inconsistent with these principles. Through coercive diplomacy, predatory economic policies, and rapid military expansion, China is undermining the rules-based international order. We must be willing to cooperate with China where we can, while consistently and unapologetically confronting China when it engages in behavior that undermines the international order or harms U.S. interests in the region."Bhala says that on July 6, 2018, President Trump changed the U.S. narrative on trade with China. He imposed under Section 301 of the Trade Act of 1974, a 25 percent tariff on $35 billion worth of Chinese imports into the United States, effective July 6, with more levies possible, up to $500 billion on Chinese goods, and China immediately counter-retaliated.
According to Bhala, the U.S. will no longer facilitate Chinese economic growth because the U.S. no longer believes Chinese Communist Party (CCP) led planning is good for the U.S. or the world--that the CCP’s economic behavior, not to mention military intentions, erode America’s economic vitality and thereby undermine its national security. Bhala adds:
"The European Union fought most of the rest of the world over bananas throughout the 1980s and 1990s. Canada and the United States have been whacking each other with softwood lumber since 1982 ... The prudent historical inference for businesses to draw is to re-think their models.
- Is there exposure to imports, exports, or foreign direct investment in China?
- What alternative sources of supply exist?
- Are alternative sales markets appealing?
- Are alternative production venues viable?
See also:
- Unsustainable: This is what the US imports from China | weforum.org
2016-06-20
China's Economy Hard to Fix, George Soros Expects Hard Landing (video)
Here's Why China's Economy Will Be So Hard to Fix:
China’s leaders have a mammoth task steering the world’s second largest economy out of its current slowdown. This QuickTake examines the challenges they face. Published by Bloomberg.com June 7, 2016
George Soros Is Trading Again, Bearishly:
Billionaire investor George Soros is back to trading following a long hiatus, and he's making a series of bearish investments. WSJ's Geoffrey Rogow discusses with Tanya Rivero. Published vy WSJ..com June 9, 2016
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China’s leaders have a mammoth task steering the world’s second largest economy out of its current slowdown. This QuickTake examines the challenges they face. Published by Bloomberg.com June 7, 2016
George Soros Is Trading Again, Bearishly:
Billionaire investor George Soros is back to trading following a long hiatus, and he's making a series of bearish investments. WSJ's Geoffrey Rogow discusses with Tanya Rivero. Published vy WSJ..com June 9, 2016
Tweets about China hard landingHard China Landing Would Dent Brazil, Chile #FitchWire https://t.co/7esu0TpEGa pic.twitter.com/ihc7aKicYr— Fitch Ratings (@FitchRatings) February 1, 2016
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2014-10-31
Overcoming Sunk Cost Bias, When You Should Drop That Domain Name
Deciding to drop a domain name (or sell if possible) is sometimes a challenging decision, particularly with sunk cost bias at play on our mind and emotions, here's an easy rule to remember and apply:
"A formula for success in life and finance: never hold an investment that you would not be willing to purchase afresh today."
Source: TraderFeed: What Trading Teaches Us About Life
For more on sunk cost bias and how it affects (and subverts) our investment decisions:
Follow @DomainMondo
"A formula for success in life and finance: never hold an investment that you would not be willing to purchase afresh today."
Source: TraderFeed: What Trading Teaches Us About Life
For more on sunk cost bias and how it affects (and subverts) our investment decisions:
- Sunk Cost Trap Definition | Investopedia
- How the Sunk Cost Fallacy Makes You Act Stupid
- Sunk costs - Wikipedia
- Sunk Cost Bias: How It Hinders Your Life and 4 Ways to Overcome It
- Freakonomics » Meditating on Those Sunk Costs
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