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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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How Lame Are the Ducks?
David R. Kotok, December 1, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) We wish all readers a safe and successful Thanksgiving weekend. We’re about to enter the ‘’lame duck” congressional session. Will we have 3 weeks of chaos or clarity? Let’s look at the…
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Changes Coming for Financial Services
David R. Kotok, November 20, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) Financial market agents are paying close attention to the coming reorganization of the new Congress – for good reason. Changes are coming and they may be big. Here’s a link to the…
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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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President Proposes; Congress Disposes. Maybe?
David R. Kotok, November 3, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) “It is the duty of the President to propose and it is the privilege of the Congress to dispose.” – Franklin D. Roosevelt (https://www.brainyquote.com/quotes/franklin_d_roosevelt_396937) So, the president proposes and the Congress disposes.…
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Deficits & Interest Rates
David R. Kotok, October 30, 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/.) There are many factors which impact interest rates, and the federal deficit and the total federal debt are only two of them. That said: The political rhetoric…
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FedNow
David R. Kotok, October 6, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) A rule of thumb is that when politics gets inserted into the management of your money, be very careful and watch the money. We’ve seen that with ETFs like ACVF or ESGU…
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A Report from Camp Kotok by Bill Kennedy
David R. Kotok, August 25, 2024 (The following was published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) Bill Kennedy is a regular invitee in Maine and the Chair of the Global Interdependence Center (https://www.interdependence.org/). He published this excellent summary of our gathering in Maine. I thank him for permission to…
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The Fed’s Balance Sheet
David R. Kotok, August 14, 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/.) Now that financial market agents and media pundits have collaborated in planning for one, two or three Fed rate cuts this year, the attention, and the debate,…
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Healthcare and Project 2025
David R. Kotok, August 4, 2024 (The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) I’ve written previously about healthcare and how it is about 18% of the total US GDP. For specific portfolio questions, go to Matt McAleer or John Mousseau or email me. The rest of this…