Page 11 - September October 2018 Disruption Report Flip Book

This is fostering more chaos in EM currencies led by a
TRUMP ADMINISTRATION
A key risk
Fears of a bear market in bonds have risen again, exposing worries about overvalued US equities, especially tech firms
3.9 million bpd by 2020, according to projections by S&P Global Platts. (OilPrice.com, Tsvetana
collapse in the SA rand.
SEJPATN.U-AORCYT.20210818
Paraskova, 10/17/18
RISING OIL SUPERPOWER
US Existing Home Sales Lowest Since 2015
Sales of previously owned houses in the US slumped 3.4% to an annual rate of 5.15 million in September, following a revised 0.2% drop in August and much worse than expectations of a 0.7% decline. It is the sixth consecutive fall as lower number of properties for sale has pushed up prices.
General Electric has cut its dividend for the second time in less than 12
months, as it reported earnings below analysts’ expectations and
Average daily crude oil production, bpd
© 2018 by Canfield Press, LLC. All rights reserved.
www.canfieldpress.com 11
Source: International Energy Agency
announced a radical restructuring of its troubled power equipment division.

“The U.S. economy has moved into unique position of global dominance—it can actually be catalyst for solving a long catalogue of problems,” according to TPL Advisory. If higher oil prices, trade war, geopolitical issues become entrenched—trouble ahead!!” (The Punchline, TPL Advisory, 10/106/18)
In The Hill, Thomas Hicks, Jr. and Curtis Ellis wrote:
Most fundamentally, President Trump has disrupted the consensus belief that says the decline of the United States is inevitable and can be managed only, not averted. When Silicon Valley tech titans disrupt industries and destroy the jobs of thousands of Americans in the process, media pundits cheer them as heroes. When President Trump disrupts an ossified status quo that has ill served our nation and its people, these same pundits harrumph and recoil in horror.
The truth is, America always has welcomed disruption and disruptors—the rebels, the troublemakers, the ones who see things differently. They invent. They explore. They create. They inspire. They change things. They push the human race forward. Disruption is the price you pay for change you can really believe in. (The Hill, Thomas Hicks, Jr. and Curtis Ellis, 10/1/7/18)