Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
We have a very interesting crisis building in addition to the political chaos we see coming in 2020. By the time we reach 2021, we will have over $2 trillion in investment grade corporate debt maturing. This is going to present some very interesting problems. Up to now, we have advised our corporate clients to borrow at these rates and lock it in for 30 to 100 years. The bulk of corporations, who we do not advise, funded themselves short-term. With about $2 trillion maturing by 2021, they will end up pushing interest rates higher from there onward.