The Transcript 12.02.19

Succinct Summary:  The trade war has been weighing on the economy for most of the year.  Businesses have been hesitant to invest due to the uncertainty and have been trying to mitigate the impact of tariffs.  Still, the consumer has been remarkably resilient.  Overall the economy is stable but not quite as strong as it was a couple of years ago.Read more

The Transcript 11.18.19

Succinct Summary:  The economic expansion is now in its 11th year. The US consumer remains strong but business investment has been weak. A stat on the real effect of the trade war: Samsonite has taken its supply chain from 90% China production to 67 %, and is intent on reducing it further to 50%. Meanwhile, air flights and India are the final frontiers of the internet.Read more

The Transcript 10.21.19

Succinct Summary:  Q3 earnings season kicked off in earnest this past week with several banks reporting. Most companies noted that the US consumer is doing very well. Consequently, the US economy has a solid grounding, despite the slowed down global growth. The surprise move to zero brokerage commissions was unexpected by some. The impact has been accelerated flows into ETFs and brokers adjusting to the reduced revenues by trying to Read more

The Transcript 10.14.19

Succinct Summary:  The construction and manufacturing sectors continue to feel the heat of weakening global growth. Some of the tariff increases are making their way to consumers and the heightened global uncertainty is making retailers nervous and customers cautious. Read more