The Port of Los Angeles Data as of May 26 for the period to June 14 shows some recovery of inbound container verssels to +/- 100,000 TEU per week. This level remains well below the same period in the previous year. Evidence of a surge in shipments from China is absent. Read More
Wealth Protction Portfolio - Update Investment Conclusion There is no change in my pessimistic view of the current rally in risk assets. The only change in the WPP this week is to add some risk diversification in the form of Hong Kong equities (the Tracker) – see: ... Read More
Doing an Odd Thing – Hong Kong Investment Conclusion I am buying some HK equities. HK assets are a diversification of US policy risks. The worse it goes for the US, the more money pours back into HK. The HK$ peg does the rest. The inflows surge domestic liquidity. ... Read More
Peter Lewis Money Talk! * China where’s the tariff hit? *. Is Kong Kong Back? Read More
US Tariffs - the granular anaysis of what is being affected and what is likely to come. The equity market unsustinable or not. Read More
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Short US$ is a core position in the Wealth Preservation Portfolio. Investment flows in and out of the US$ need to be monitored. The TICS data for the month of March do not provide any indication of substantial outflows happening. But that could only be expected after April ... Read More
The Port of LA accounts for 40% of all ship board container traffic into the US. About 50% of its inward shipments are from China. So its a good indicator. The port is showing year on year falls in total inward container shipments between May 25 and June 07 of between 1... Read More
Talking to Tony on why if Trump wins the War on Trade, the US$ is doomed as global reserve currency. Of course, lack of trust in the US, alienation of allies and the damage to US economic performance would all play a role. But mechanically smaller US current account deficits wil... Read More
Port of Los Angeles in-bound container traffic forecast for next three weeks. The forward booking for container traffic (in TEU) until May 31 does not yet show a surge in US imports. The data through May 31 (week 22) are shown in the graphic updated on May 15, 202... Read More
Does the world need to replace the US$ as global reserve currency and can it be done? A debate between Richard Harris, Carolyn Wright and David Roche. Read More