Mexico

Why The Next Recession Will Morph Into A Decades Long Depressionary Event... Or Worse

"The next business cycle recession will be unending and is very likely to run years into decades and perhaps a century or more.  A declining population already indebted with record debt and zero interest rates will consume less...meaning overcapacity and excess inventories will never be fully cleared before the next downturn...and on and on and on."

Dear Market, I Think Janet Yellen Broke Up With You Last Week

"Now what has happened in the real world to accelerate the Fed’s tightening agenda, and more to the point, a specific form of tightening that impacts markets more directly than any sort of interest rate hike? What has happened is that the Fed’s reaction function has flipped 180 degrees since the Trump election."

Gartman Turns Bullish On Oil

"This morning, given the myriad downgrades that the energy stock analysts have put forth in the course of the past several days and given the severity of the recent weakness we think it is wise to say that for at least a while strength is not to be sold and that for a while weakness is indeed to be bought."

Frontrunning: June 21

  • Republican Handel Wins Georgia House Seat, Dashing Democrats’ Hopes (BBG)
  • Uber CEO Kalanick Quits as Investors Revolt (WSJ)
  • Saudi King’s Surprise Shakeup Clears Son’s Path to the Throne (BBG)
  • After weeks of secrecy, U.S. Senate to unveil healthcare bill (Reuters)
  • Latest Election-Hacking Hearings to Focus on State-Level Events (WSJ)

Remember When Ford 'Cancelled' That Plant In Mexico? Well, They've Just Moved It To China

Trump's victory lap back in January after Ford cancelled plans for a brand new $1.6 billion production facility in Mexico may have been premature.  As it turns out, per a press release from earlier this morning, one of the first strategic actions taken by Ford's new CEO, Jim Hackett, will be to relocate the company's 'Focus' production to China rather than Mexico.