Tag Archives: Tariff

Timely G-20/Tariff Meeting Chart – World GDP

It appears the Tariff talks continue to go on…

We are personally surprised as we thought much of this was posturing and there would be an agreement sooner rather than later …

This weekend at the G-20 meeting (here is a cool live China site on the matter) there is hope to finally settle the Tariff concerns…

Will see – if they do, market participants may likely sound a sigh of relief… and visa versa …

Our Friends at Visual Capitalist/How Much.com are out with a neat chart to keep the matters in perspective..

World GDP at a Glance

world-economy-gdp

Have a Great “World GDP Updated” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents

 

Tariff Update – AKA Trade Wars in the Old Days – Sure Enough we have been here before?

Over the past 30 years, much of what we learned are what opinions to trust, which views to listen to, and more importantly, who to tune out.

Scott Grannis, former chief economist for a large financial company and currently retired with no intention of returning to work (NO BIASES!) is one of our favorite reads. Here is a very small portion, but a favorite on the Tariff wars from Scott and his Blog “Calafia Beach Pundit” – he lives in CA currently.

“In the past 12 months, the US has imported about $525 billion of Chinese goods, while at the same time exporting to China only $135 billion. China is selling almost four times more “stuff” to us than we are selling to them. So, the thinking goes, if both countries jack up tariff rates to prohibitive levels, the Chinese have much more to lose than we do, particularly since our economy is still half again as big as China’s. At some point the Chinese will wave the white flag, we’ll all agree to reduce or eliminate tariffs and intellectual property right theft, and sweetness and light will return to international trade relations.

We can’t rule out a successful end to today’s tariff wars, but neither can we be confident that they will inexorably lead to a repeat of the Smoot-Hawley tariff wars which in turn led to the Great Recession. I continue to believe that tariffs are so universally understood to be bad and even stupid that eventually our leaders will do the right thing and make trade freer and fairer. Why bet against what would be a win-win for all parties? (Zero tariffs are an economist’s dream, since by facilitating free trade they would be a boon to all countries.)”

Trade Wars History – This is not our First Time

Follow his comments up with an excellent updated chart on the subject matter from our friends at Visual Capitalist, and we will let you formulate your own opinion – an opinion that is likely more updated than before reading this post!

Have a “Tariff Trade War Update” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

Your Guide to how much Tariff talk should Matter – World Exports in One Chart

Thanks to our friends at howmuch.net, an absolute timely chart on the total goods and services moving around the world.

We find this interesting given the rhetoric being bantered around in the headlines and giving capital markets an excuse to frown!

Take a moment to see rhetoric versus total exports/trade-

top-exporters-countries-2017-d071

Have a Great “Total Value Export Informed” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

The Six Letter Word – T A R I F F

Un-like the three letter word that is most prevalent on OUR minds currently … TAX …

Capital Markets have concerns of a six letter word ….

TariffTariff Wine

It’s such a little word, it almost needs to be bigger to show its’ importance…

Just in case you have not seen some of the rhetoric blowing capital markets around, the US and China are talking trade war, which is putting fear on everyone’s mind one day, then relief and rejoice the very next day … depending on the sound bite coming from each government official.

The reality is this will likely settle out some where in the middle.  Most will be happy … and we go along our collective merry ways. Until then, expect extra spicy headlines followed by more volatile Capital Markets.

It even could be just another excuse to find our footing after we got ahead of ourselves ….hmmm

Maybe a glass of Tariff Wine is just the ticket….

Patience is the key here!

Ok … back to Tax stuff !

Have a Great “Less Tariff Worry” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com