Openly short the us dollar they openly kick in a stand on their face but what hes doing is by going along japanese conglomerates and including one of them by the way which is called the itochu and it was founded in 858 but 9 among Japanese Trading Companies it is distinguished by not being descended from an Historical Group which is the imperial power groups but by the strength of its textiles business and successful Business Operations and china so in a way its also him going along the end of this u. S. Empire and the rise of i dont know if itll be an empire but a chinese superpower right right exactly so theres a changing of the guards the u. S. Is losing its cachet as worlds single superpower what u. S. Dollar is losing its status as World Reserve currency or moving into a post u. S. Dollar as World Reserve currency era in. And so buffett is picking up stakes and hauling out these hes moving to asia especially the big portion of his portfolio and. Deleo who has another huge day when
Is paying a dividend and he likes dividends but now were seeing this move into japanese stocks and that confirms that hes getting dashing out of the u. S. Dollar because as you point out the fed is them now muscling in on warrens territory right so warren cant go in there with these sweetheart deals and get these bailout deals in the sweetheart deals from these takeovers of acquisitions and huge positions that he builds up because the fed is now out beating him so hes got to go to japan now to find deals probably something he reluctantly to do because it signals that his saying is to as he always says that never sell america short right well thats a buffetts doing hes essentially selling america short so he bought the 5 largest Trading Companies in japan these are the huge conglomerates he bought 5 percent of them and he says he may go up to 9. 9 percent so this is again the ongoing temper tantrum. Hes thrown since april when he told the world essentially that the fed outbid him for th
Fall on year and below analyst expectations. They confirmed plans to exit thermal. U. S. China relations sour even further. Jing says the tax lets take a look at how we are shaping up for this asian trading day. U. S. Futures within shouting distance when it comes to the regular session of that february record but then retreating by the close. We are seeing not much happening when it comes to active futures contracts. The nikkei 225 looking weaker going into the open. Chicago futures trading there. The topix in the meantime remains the bestperforming market in august. We will see if it continues those gains today. Ftse futures looking like we will open up higher by. 4 . The data calendar for the day, we get the rba august meeting minutes, looking into the details of their bond buying as well as the renewed assessment of how that new victorian lockdown will barter economy in those Monetary Policy settings. Also watching crude, we are seeing weakness, just holding over 42 a barrel althou
Buying longer on that curve . If so, that will keep rates lower. The path we are leading down is not a good one. What the fed is trying to do is what every central bank is trying to do, which is engineer growth. Tyler george bory is with us now. Talk to me about what you have been noticing, your take on the big reflationary trade yesterday but then a little bit of a comedown in yields again today. George thank you for having me on, always great to be on the show. Powelll question is, is seismic shift, or more of the same . The reality is there are some significant factors here. The biggest is the acknowledgment that there has been a Material Change in the economy. Unemployment can go lower than policy makers expect without causing inflation. They have issue is, also kind of acknowledged there is a limitation of Monetary Policy. Those two factors we view as material. Shift,terms of a policy what they are likely to do going forward, it feels like it is very much same game. The way we are
Fallout to spread beyond the walls largest economy. As the brexit bluster ramps up, why Boris Johnsons threat is leaving most economists and traders unruffled for now. Haidi lets take a look at how we are setting up when it comes to the asian trading session this tuesday. U. S. Markets remain largely close for the Labor Day Holiday and this is how we are shaping up when it comes to the futures session, looking like we could get some positive momentum going into the resumption of trade. S p active futures up. 7 after the s p closed at the lowest level since august. We have the tech selloff really continue until full force on friday and will have to see whether that resumes when trading resumes later on this week. The nikkei 225 is up by. 3 when it comes to the future session as we get the leadership race in japan officially kicking off dollaryen pretty steady. 106 and a. We have the dollar rising against every g10 peer. The u. K. Is getting closer to that Nodeal Brexit scenario. New yor