by Laura Hochstetler | Jun 30, 2018 | Uncategorized, Weekly Market Update
Market Action China’s central bank reduced the amount of cash some lenders must hold as reserves, trimming the required reserve ratio for some banks by half a percentage point. The aim was to support small and micro enterprises, and to further promote the...
by Andy Quirk | Jun 28, 2018 | Crossroads, Uncategorized
Here are some critical issues to watch around the globe over the coming month: Re-election of Turkish President Recep Erdoğan Facts Turkish president Recep Erdoğan has claimed victory in the recent Turkish presidential election, reaching 52.5% of the popular...
by Laura Hochstetler | Jun 23, 2018 | Uncategorized, Weekly Market Update
Market Action Trade war threats shook the markets this week and drove them down. US President Donald Trump said he would impose tariffs on $50bn of Chinese goods because Beijing is not dealing with American complaints about stealing intellectual property. In response,...
by John E. Charalambakis | Jun 21, 2018 | Commentaries, Uncategorized
Whether President’s Trump’s threat of imposing additional tariffs on $200 billion worth of Chinese imports is a negotiation tool or a real threat remains to be seen. What/who also remains to be seen is Treasury Secretary Steven Mnuchin, who declared just a few weeks...
by Andy Quirk | Jun 16, 2018 | Uncategorized, Weekly Market Update
Market Action The Dow Jones Industrial Average dropped 200 points on Friday morning after US President Trump announced $50 tarifs on $50 billion worth of Chinese imports. China’s Ministry of Commerce has said it will respond in “equal scale and equal strength.” Later...
by John E. Charalambakis | Jun 13, 2018 | Commentaries, Uncategorized
A few days ago, it was reported that Social Security will be tapping into the Trust Fund in order to pay its obligations. As our total indebtedness reaches $200 trillion (federal, state, city debt) I am pondering when we will be returning to a state of soberness....