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Secondary Tariffs – Do They Work?
First, the definition — “A secondary tariff is a monetary sanction imposed on countries that trade with a country with which the US is at odds, such as Venezuela. This type of tariff aims to pressure these countries to reduce their involvement in the trade of goods or services with the US target country. For…
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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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Cuba Updated, by David R. Kotok, June 23, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) A Cuba Update (June 2024) “Cuba Series, Part 1: The Bay of Pigs,” Feb. 04, 2024, https://www.cumber.com/market-commentary/cuba-series-part-1-bay-pigs“Cuba Series, Part 2: US Sanctions on Cuba?” Feb. 11, 2024, https://www.cumber.com/market-commentary/cuba-series-part-2-us-sanctions-cuba“Cuba Series, Part 3: Healthcare,” Feb. 18, 2024, https://www.cumber.com/market-commentary/cuba-series-part-3-healthcare“Cuba Series, Part 4: Helms–Burton & Readers Respond,”…
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France, by David R. Kotok, June 21, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) “How can you govern a country with two hundred thirty-eight varieties of cheese?” “• François Mitterrand, President of France, 1981–1995 Henry Kissinger to Chinese Premier Zhou Enlai in 1972: “What do you think of the French revolution?” Zhou: “Too…
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Putin, Maduro, Oil, Defense, by David R. Kotok, June 17, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) IMO, America’s enemy, Mr. V. Putin, is using his Venezuelan proxy, Nicolás Maduro, to open a third front against the US. At the end of this discussion is a list of citations in support of my view. Summary: Like…