Global Picture – What Trump Doesn’t Know

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Donald Trump has been making headlines lately with his rants over China’s currency, but there is a lot more to the global picture – What Trump doesn’t know… A little over a week ago the Netherlands Bureau for Economic Policy Analysis reported that global trade shrunk in the first six months of 2015 at the […]

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GDP Numbers Keep Getting Worse

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Yesterday we received the first estimates for GDP in Q2 and along with it some major revisions to the numbers for 2012-2014 and Q1 2015 went from a contraction to a bit of growth – very little bit, but still better than a contraction.  Yup, the US GDP numbers keep getting worse! The financial press […]

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Greek Crisis with Neil Cavuto

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On July 6th I spoke about the Greek Crisis with Neil Cavuto, a tragedy which is starting to feel like a Sisyphean set of negotiations stuck in a Groundhog day style loop. Bottom line is Greece cannot be expected to honor its debts. Any additional debt is simply a form of much needed aid, to help the […]

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Greece in Hotel California

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Greece was all over the headlines again last week as the deadline for debt talks neared. The Maastricht Treaty, which created the European Union, is starting to sound an awful like the Eagles “Hotel California,” with many in Greece left rethinking, “This could be Heaven or this could be Hell.” The treaty provided a lengthy […]

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State of the Economy

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The flattening of the yield curve as interest rates fall is bad news for banks that make money by borrowing short-term and lending long, yet another sector that under current conditions is a headwind for the economy. Frustratingly, the yield curve isn’t the only headwind to banks as last week, Morgan Stanley (MS) was the […]

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