Yikes! Trade and Economic Policy Uncertainty

First, overall (news-based) economic policy uncertainty: Figure 1: Economic Policy Uncertainty index (blue), and centered seven day moving average (red). Source: accessed 6/11, and author’s calculations. Second, how the trade policy component has jumped in the Trump era. Figure 2: Economic Policy Uncertainty index (blue), and trade policy categorical index (dark red), through March 2018. Source: accessed 6/11.

Meet Me In Singapore

Well, “the most important week of the year” got off to a relatively quiet start, all things considered. Of course Trump was anything but “quiet”. Or actually, he was quiet during U.S. business hours but his Twitter account lit up late Sunday evening with still more attacks on Canada and Europe. The man who on Saturday proclaimed the world “tariff-free” was, by Sunday evening, insisting that henceforth, “fair trade” will be called “Fool Trade”: Fair Trade is now to be called Fool Trade if it is not Reciprocal. According to a Canada release, they make almost 100 Billion Dollars in Trade with U.S. (guess they were bragging and got caught!). Minimum is 17B. Tax Dairy from us at 270%. Then Justin acts hurt when called out! — Donald J. Trump (@realDonaldTrump) June 11, 2018 We are now literally ...

Cisco shares to soar on its subscription sales opportunity: JP Morgan

J.P. Morgan reiterates its overweight rating for Cisco shares.

Chilean Criminals Have Turned to Avocado Theft, And Who Can Blame Them

Avocados, the lynchpin of millennial criticism, are proving that everyone wants a piece of the hottest food trend of the 21st century. Chile, one of the biggest exporters of avocados, is benefiting from increased demand. Specifically, the prices of avocados have grown 23% in the past year, and 9% in the past month. Sadly, these price increases haven’t come without repercussions While thefts have always existed, it has gone from people breaking into fields at night to organized armed groups assaulting producers in broad daylight, said Francisco Contardo, general manager of Chile’s avocado producers’ association. During the harvest season, from August to February this year, 10 bands were dismantled and 50 people were charged with theft. Now Chile has copied the avocado police of Mexico and C...

Goldman Reveals The Truth About The World Cup As Unmistakable Links Between ‘Fake’ Football And Global Economy Laid Bare

Well, it’s time for the World Cup and that’s a confusing time for a lot of Americans because it means having to (re)figure out why the rest of the world keeps referring to soccer as “football”. Of course that’s a misnomer. That’s just another example of what the President talks about when he says foreign interests are robbing America blind. They’re stealing our jobs all right, but they’re also stealing the name of our sports (#Sad). I imagine I’m preaching to the proverbial choir here because if you’re reading this, it means you have internet access which, like running water and electricity, is something that isn’t common outside of the United States (because #Shitholes). But on the off chance you’re someone who doesn’t live in America and somehow still has an interweb connection, let me e...

Activist investor Paul Singer has found his next power company turnaround candidate

Elliott Management is partnering with Bluescape Resources to win board seats and stage a turnaround at Sempra Energy.

The S&P levels to watch amid a huge week for the market

There are a few key levels to watch on the S&P 500 in such a market-moving week, says Piper Jaffray's Craig Johnson.

Activist investor Paul Singer just chose Sempra Energy as his next turnaround project

Elliott Management is partnering with Bluescape Resources to win board seats and stage a turnaround at Sempra Energy.

AMD will create ‘stiff competition’ for Intel next year due to its chip manufacturing advances: Analyst

Intel will likely lose market share in the server chip business to AMD, according to Nomura Instinet.

Cramer: Stocks aren’t down because market believes Trump is ‘right’ about trade

Cramer says there are some people who believe the market doesn't take Trump seriously. The "Mad Money" host is not one of them.

Because It Worked So Well Last Time, Argentina Will Borrow $50B From The IMF

In the year 2000, the International Monetary Fund provided a $40 billion bailout to Argentina, to help the country reduce its growing debt burden. In exchange, the IMF demanded—as it always does—crippling austerity, because the sort of lower-rung countries that require the IMF’s help must be punished for their profligacy. This led to the collapse of the Argentine peso, double-digit unemployment, the default the bailout was supposed to prevent (much to Paul Singer’s eventual glee), the terminal distrust of the Argentine people toward the international financial system and the rise of the Kirchner clan to the Casa Rosada. But like the country’s last default, all of that was like 100 years ago. So why not try it again without learning anything from history? The International Monetary Fund and...

For brave investors there’s two ways to bet on bitcoin

Bitcoin investing is now part of the mainstream, like it or not, but cryptocurrency investing is complicated and risky.