When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update on these Amigos.(more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Well, after weeks and weeks of breathless anticipation, here we have it:(more…)
Excerpted below is the Opening Notes segment from this week’s Notes From the Rabbit Hole, NFTRH 555. The report followed up this opening with extensive coverage and strategy for US and global markets, internals/indicators, commodities, precious metals (including weekly charts of the miners for a wider view this week) and much more. As usual plenty of stock charts were covered as well for a comprehensive report bringing us completely up to speed on today’s markets.(more…)
I found an interesting article that has similar experiences similar to mine. Chinese stuff produced by quasi-SOE companies are incredibly cheap. Here, with telecom, 30-40% cheaper than the competition. Even with a 25% tariff, this stuff would still be cheaper than ANY of the competition. Your goal when you undercut your competition by 30-40% isn’t profit.
Trump will fold when the SP500 reaches 2000-2200 technical levels. At that point instead of seashells, Trump is going to take whatever the Chinese offer him. The Chinese know the game of face much better than Trump. They’ll give him two cold egg rolls and an egg-foo-young to be named later – targeted to make Trump’s base happy. In exchange, the CCP will get what they want: 1) IC and IP and 2) use Trump as a scapegoat for any economic problems in China.(more…)
The amazing thing is that neither Trump nor the American people know what they want from the trade war. China knows exactly what it wants and needs.
Trump seems to want “even” trade with China. Both countries export/import the exact same amount from each other.
The American people want jobs. Trump’s “even” trade goal won’t help that. Reduction in Chinese imports will be filled completely by new trade with: Korea, Taiwan, Vietnam and Thailand. It will all be more expensive to the American consumer than trade with China because Korea, Taiwan, Vietnam and Thailand are all more expensive than China (but vastly and by American standards, incomprehensibly cheaper than any American manufacturing).(more…)
The latest from Binkius Hippo: The trade war is a proxy for the fight between democracy and autocracy in the digital age.
The trade war is not about fighting for jobs. 25% tariffs will not work.
GM is spending $1.5 MILLION to create EACH job position at Lordstown assembly. The Peterson Institute estimates that it costs $900,000 for each steel worker job. These type of skilled-trades jobs pays $3/hour in Taiwan and $1/hour in China. Korea is a bit more expensive than Taiwan, but Vietnam and Thailand are much cheaper.(more…)
Another day, another feature!
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Here’s the new goodie today:(more…)