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Post-Election Analysis, China, Tariffs
(The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) On the day after the election, Kathleen Hays was kind enough to invite me to interview with my initial thoughts about the election outcome as we knew it to be then. I subsequently published a transcript of the…
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France, Turmoil, Credit Spreads
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) The political disruption in France has implications for the euro and for world financial markets. France is the second largest economy in Europe; Germany is first. It was one of the original six countries that participated in the Maastricht…
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Putin Expansionism in the New Era of Trump
David R. Kotok, November 8, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) “America has given us an unprecedented and powerful mandate,” the 78-year-old president-elect said to a roaring crowd of supporters. Today we start with an issue: geopolitical tensions. Will Trump 47 be Chamberlainesque,…
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Tariffs & Financial Markets
David R. Kotok, Cumberland Advisors Co-Founder and Chief Investment Officer, September 25, 2024 (The following was first published on Cumberland Advisors’ and The Kotok Report websites, and via LISTSERV. For details, visit https://www.cumber.com/ or https://kotokreport.com/.) Recently I received a well-thought-out communication from a reader offering the following: “Tariffs on foreign goods are said to be…
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Jacob Frenkel, Kathleen Hays, Fed’s Jackson Hole Meeting
David R. Kotok, September 4, 2024, Cumberland Advisors Co-Founder and Chief Investment Officer (The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) There have been many, many, many reports and podcasts and descriptions and interpretations from the Fed’s Jackson Hole meeting. I want to mention just one interview.…
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Climate Change, Markets, Economics – Part 1
David R. Kotok, August 18, 2024 (The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) A reader chastised me because I asked how Florida business schools are supposed to teach the economic and financial effects from climate change when they are not permitted to mention the words climate change in…
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France Again!
By David R. Kotok, July 14, 2024 (The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) The news about any shooting attack on any candidate for any American public office, whether a presidential candidate or a local politician, is disturbing and distressing. There isn’t much more to say…
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Biden, Trump, Putin, Kim, Xi, Khamenei, et al., by David R. Kotok, July 7, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) Biden and Trump: They have been and are being observed in real time by Putin, Kim, Xi, Khamenei, et al. Disclosure: as this is written, Cumberland has an overweight position in US defense-aerospace. For details talk with Matt McAleer. Academy Securities’…
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Houthis & Putin Raise Shipping Costs Again, by David R. Kotok, June 30, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) Peter Boockvar routinely updates the shipping costs being imposed on the world by behaviors of certain bad actors like Putin in Russia and like the Houthis in Yemen. Here’s a recent update, from June 20th. We thank Peter for giving us…