World

Henry Kissinger: Armed Conflict with China is Possible

Speaking at the Bloomberg New Economy Forum in Beijing, former Secretary of State Henry Kissinger said the current trade war between the US and China could explode into an armed conflict larger than World War I. “A discussion of our mutual purposes and an attempt to limit the impact of conflict seems to me essential,” says Kissinger, who engaged in ...

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Auto Industry Mega Mergers – Saving Grace or Short Term Fix?

Like Band-Aids on a skinned knee or a finger in the dyke, large scale mergers between automobile manufacturers is the latest methodology in the path toward salvation. It’s really only a matter of time until the perfect storm of confluences sinks car makers. This isn’t something the economy looks forward to by the way. A robust auto manufacturing sector is ...

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Saudi Arabia’s Aramco – The Largest IPO in History

Remember when Apple eclipsed the $1 trillion market cap mark and it made headlines across the financial media? Yeah, it was a big deal and Microsoft eclipsed the trillion market cap back in April. Now the investment banking world is gearing up for an Initial Public Offering that is being priced between $1.5 trillion and $2 trillion. Saudi Aramco, the ...

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Are You the Victim of Chinese Counterfeit Products?

From golf clubs to sneakers, the Chinese have been counterfeiting our patented products for years. The advent of the internet allowed people like me to find what looked to be Ping golf clubs made under a different name in China for a fraction of the price. The same holds true with Nike Jordon’s and Chanel handbags. Most purchasers are unaware ...

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Save Auto Industry? Cripple the American Middle Class

There was a time thirty or forty years ago where the thought of paying for a car with anything other than cash was an illusion. As the Japanese dumped their Datsuns and Hondas into the U.S. in the ’70s and ’80s, American manufacturers had to innovate. Not only with design, style and gas efficiency, but making their brands financially affordable. ...

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Don’t Get Screwed by Your Own Bank when Traveling Abroad

This article was written because a friend of mine was traveling overseas and his bank cut him off for ‘security’ reasons. In a third world country and unable to use his usual telephone, he had no recourse. He could have gone to jail if his hotel hadn’t previously charged his card.  Since he was unable to pay credit card accounts, ...

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The Markets: Will a China Trade Deal Dominate?

Over the last 18 months or so, the market direction has been determined by the trade war and various news stories, and tweets from President Trump. The overall market has been more volatile and the market hasn’t gained much ground even though there have been some pretty wild swings. From January 22, 2018 through the close on September 9, 2019, ...

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Argentinian Financial Mess – Can It Survive?

It was almost exactly a year ago to the day that Argentinian President Mauricio Macri told his people that he will raise taxes and cut government spending in an attempt to keep solvent with $50 billion in IMF loans. A reformer like Trump, Marci is a businessman, with knowledge of how the financial markets operate. Fast-forward to today. Macri issued ...

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