Greetings,
This is a short summary of some interesting things that caught our beady eye this week. All of these have serious implications… otherwise I’d not consider them, but this is simply a lighthearted look.
In case you missed it… How I was reminded of Trump’s foreign policy strategy from an event nearly 20 years ago when a friend and I nearly got the isht kicked out of us.
One Year: What Worked… and What Was Meh
Courtesy of Finviz, which I still find pretty cool for certain things.
Dang, it would have been good to be long oil. Oh, wait… we were. Wanna know more? Go HERE and stop mucking about.
Couldn’t Happen to a Nicer Company
Facebook missed earnings — something we pointed out right here. A bug and a windshield is what I called it.
Dang, I wish there was a way to know before hand. Oh, wait…
Asymmetry
I’ve always said to focus on two things. Low risk first and foremost… and high potential return, which brings up the point of one of the worst things investors do courtesy of J.P. Morgan.
Takeaway: Don’t be a product of the “must have now” age. Your net worth will thank you… and so will your blood pressure.
Heading for the Hills
Which brings us to…
Though, I see this just hit my feed as I was about to hit publish:
Another Tesla energy executive departure: Chris Wahl – Senior Regional Sales Director
And here is a picture taken from the Tesla headquarters:
At least they’re not asking suppliers for “cash back” in order to remain solvent.
Tesla asks suppliers for cash back to help turn a profit, company memo says https://t.co/0cYSwvZ8yJ via @WSJ
— Capitalist Exploits (@capitalistexp) July 23, 2018
Interest Rate Differentials
They matter. A lot.
Good morning in #ECB week from #Germany, where interest rates are far too low. That is one reason for the horrendous current account surplus. Measured by the Taylor rule (Output Gap, Inflation), the key interest rate would have to be at 3.75%, 3.75ppts above current level. pic.twitter.com/aKLxuFaVTb
— Holger Zschaepitz (@Schuldensuehner) July 23, 2018
I spoke about this in May: when I talked about the dollar and explained our bullish thesis on the dollar. Wanna know how we’re playing it? Check out Insider.
Trade Wars: Not Just Tariffs for Ammunition
This is how China is responding to tariffs.
Gold
And from Brent Johnson a video he put together. Go watch it.
And lastly, my favourite cartoon for the week.
Thanks for reading, and see you next week. Please share this with all your friends, enemies, and those in between.
– Chris