Displaying items by tag: US

Thursday, 23 January 2020 12:14

US Real Estate Looking Healthy

(Atlanta)

US Real estate has been a worry spot for the last few years. For the last three years or so everyone thought real estate might be the initial signal that the economy was headed lower. However, that never materialized and real estate has been looking modestly better for the last several months. The end of 2019 continued that streak as existing home sales rose 3.6% in December as low unemployment helped support the housing market.


FINSUM: We think the housing market is just solid and steady right now. No huge speculative gains, no gigantic increases in debt etc. It is a nice contrast to publicly-traded securities!

Published in Eq: Real Estate
Wednesday, 15 January 2020 13:21

US and China Prepare to Seal Deal

(Beijing)

It has been more than 18 months of brinksmanship in the making, but the US and China are apparently set to seal a phase one trade deal. The deal will be signed at 11:30 am in the White House. The deal leaves out a lot of the most difficult and contentious issues between the countries, but is a sign that things are improving. The FT summarizes the substance of the deal this way, saying “It commits China to making $200bn in additional purchases of US goods, including farm products, and other pledges on currency and intellectual property, in exchange for a small rollback in some tariffs and an indefinite hold on further punitive measures out of Washington”.


FINSUM: The key thing here is that both countries want this work out and this deal is a step in the right direction. We find this quite positive in the grand scheme of things.

Published in Politics
Friday, 15 November 2019 09:55

The Looming “Capital War” with China

(New York)

Hedge fund icon Ray Dalio delivered a grim speech yesterday at a gala dinner for the National Committee on US-China Relations. The investor is worried about war in all it forms. He said that “There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war”. Famed former US Secretary of State Henry Kissinger also spoke at the event and told both sides that they must avoid a shooting war at all costs, as no side can win.


FINSUM: Everyone on both sides will hopefully be somewhat relieved if a “phase one” trade deal can be reached.

Published in Eq: Total Market
Tuesday, 12 November 2019 08:46

Hong Kong on Brink of Meltdown

(Hong Kong)

Hong Kong police have warned that the city is on the brink of collapse. A police shooting of a protester on Monday has sparked a huge wave of renewed protests that have blocked roadways and caused chaos. “Over the past two days, our society has been pushed to the brink of a total breakdown as rioters went on a rampage”. The protests have turned increasingly violent in recent days as 128 were hospitalized with injuries on Monday.


FINSUM: This has no end in sight, and with tension increasing, so too are the odds that it somehow becomes wrapped up in the US-China trade war.

Published in Politics
Tuesday, 05 November 2019 13:20

US Considers Dropping Tariffs

(New York)

In what comes as a very encouraging sign in the trade war, Washington is considering dropping some tariffs on Beijing as part of an effort to close a deal with China. The Trump administration is reportedly debating whether to drop $112 bn worth of tariffs. That said, the White House would be expecting something in return. The potential cut in tariffs follows the cancellation of a new $250 bn+ tariff package.


FINSUM: Both sides making concessions is the key to a solid deal. We find this encouraging.

Published in Politics
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