Silver as an investment

Category Archives: Wilbur Ross

About That “Underwhelming” US-China Trade Deal: Much Less Than Meets The Eye

Overnight, the US Department of Treasury released the initial result of the 100-day Sino-China trade and economic negotiations, a month after the presidential summit at Mar-a-Lago in early April. Under the negotiations led by Steven Mnuchin and Secretary of Commerce Wilbur Ross in the United States and Vice Premier Wang Yang from China, the two […]

Equity Traders ‘Buy The F**king Comey Dip’ As Treasury ‘VIX’ Tumbles

Even a so-called "constitutional crisis" can't derail this market…   An extremely mixed day in stocks today – Small Caps soared, Dow dropped, Trannies tumbled, and Nasdaq and S&P clung green…   Dow suffered from Boeing and Apple…   The Dow remained below 21k… and S&P below 2400 – S&P 500 closes for the last […]

Wilbur Ross: Trump’s Syria Strike Was “After Dinner Entertainment”

In a statement that has sent shockwaves across the diplomatic establishment, Donald Trump’s decision to launch 59 Tomahawk cruise missiles against Syria last month was just “after-dinner entertainment,” which “did not cost the president anything,” US commerce secretary Wilbur Ross said, shortly after President Trump called the attack a “tough decision.” Ross delivered the controversial […]

An Angry Canada Responds To Trump’s Lumber Tariff… And What It Means For The Economy

After last night’s announcement of ~20% tariffs on softwood lumber imported from Canada, Prime Minister Justin Trudeau lashed out at the Trump administration saying the U.S. could suffer from a “thickening” border as trade tensions between the two countries escalated, sending the Canadian currency to a 14 month low. As a reminder, the United States […]

Trump Signs Executive Order to Explore National Security Implications for Steel Imports / Dr. Fly / Apr 20, 2017 President Trump signed an order that authorizes Commerce Sec. Wilbur Ross to conduct a review on steel imports and how it might adversely affect national security. It is widely believed the findings will result on massive curbing of Chinese imports, which is causing American steel stocks to catch fire. […]

US Preparing Sanctions Against Syria

Just hours after unleashing a missile strike on Syria, Steven Mnuchin announced that the US will announce sanctions “in the near future” against the Assad regime.  Joined by Secretary of State Rex Tillerson and Commerce Secretary Wilbur Ross in a briefing at Mar-a-Lago estate, the Treasury Secretary said the U.S. would impose sanctions on Syria […]

Trump To Sign Executive Orders Seeking To “Halt Trade Abuses”, Boost Collection Of Duties

In a reminder that Donald Trump’s trade policies – at least as he represented in the past, before surrounding himself with ex-Goldman globalists – are largely protectionist, on Friday, the US President will sign executive orders aimed at “identifying abuses” that are causing “massive U.S. trade deficits” and clamp down on non-payment of anti-dumping and […]

Westinghouse Bankruptcy Puts Fate Of Four U.S. Nuclear Reactors In Limbo

When Westinghouse Electric filed for Chapter 11 bankruptcy protection on Wednesday morning, few were surprised as the outcome was the only one which allowed the company’s troubled, and near-insolvent Japanese parent, Toshiba, to continue operating, even if it meant the bankruptcy of the iconic company. Westinghouse was one of the originators of the nuclear age, […]

“Civil War” Breaks Out At White House Over Trade… And Goldman Is Winning

Earlier this week, when we discussed Peter Navarro’s jarring op-ed in the WSJ in which he alleged that the persistent US trade deficit “would put US national security in jeopardy”, we said that “a better question than what is Navarro’s purpose by writing it, is why he is writing it, and does his use of […]

Dollar Tumbles To Session Lows On Mnuchin Devaluation, Trade Deficit Warning

First, the dollar dropped following comments from commerce secretary Wilbur Ross, who said that he expected to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements. Now, in a second salvo against the strong dollar on the same day, Bloomberg reports that during his first appearance […]