Ricardo Espinosa

Chief Financial Services / Operations Strategy & Planning

[Lawrence H. Summers @LHSummers]

.@realDonaldTrump's tariffs are a bully strategy. Bullying doesn’t win over time on the playground or in the international arena. This self-inflicted supply shock is a strategic gift to Xi Jinping. 1/4

[Peter Schiff @PeterSchiff]

25% tariffs on goods coming in from Mexico and Canada are not a disaster for Canada or Mexico. There will be declines in U.S. sales, but those countries can still consume those goods domestically or export to other nations. So companies making those goods will see profits fall for the portion of their sales that go to the next highest bidders.

But Americans will be paying higher prices on all Canadian and Mexican imports they buy, or for higher-priced domestic substitutes where available. But many lower-income Americans will be priced out of the market for those goods entirely.

So the tariffs portend more negative consequences for Americans than they do for Canadians or Mexicans. If either Mexico or Canada retaliates with tariffs of their own, the effect will be the same. Their own citizens will suffer more than Americans. That is the unique nature of a trade war. Each side suffers most from its own offensive.

The best way for Mexico and Canada to win is not to retaliate. That would include not providing any subsidies to exporters or any attempt to weaken their currencies. That would only reduce the sting tariffs have on Americans, shift the burden to their own people, and prolong the trade war.

[Barack Obama @BarackObama]

If you’re still on the fence about voting in this election, think about what really matters – about the values we were taught, the kind of country we want to be, and how this is a moment when your vote really does count. 

Your vote could determine the fate of our republic – the world that our children and grandchildren will inherit. It’s an awesome responsibility. But what an extraordinary privilege it is to live in a democracy that gives each of us the opportunity to make our voices heard.

[db @tier10k]

Local media says Do Kwon was arrested alongside Terra's CFO attempting to board a flight to Dubai using fake Costa Rican documents

Also found with fake Belgium documents, 3 laptops and 5 phones

https://t.co/vJiXlDLepl

[TheStreet @TheStreet]

CME's Fed Watch tool shows an 85.7% chance of a 100bps rate hike in July

[Ricardo Espinosa @ricespro]

@Cointelegraph 17,500

[Terra 🌍 Powered by LUNA 🌕 @terra_money]

1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA.

The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads.

[Bloomberg @business]

BREAKING: Fed Chair Jerome Powell says a 50 bps hike will be on the table for the May FOMC meeting.

Catch live analysis on @BloombergTV: https://t.co/rtGdkTjF36

[kpak @kpak82]

$BTC (daily) from top to bottom of the channel

[Systemic Sarcasm @SystemicSarcasm]

"Ignore the yield curve": Ben Bernanke, 2006 edition

"I would not interpret the currently very flat yield curve as indicating a significant economic slowdown to come, for several reasons..."

2 years later financial system collapses

https://t.co/Ms19kTBH3F

[Pascal @beltrandelrio]

Para que “siga AMLO”, no hace falta una consulta. La revocación, como su nombre indica, la tendrían que pedir quienes quieren que se vaya. En nuestro país absurdo, los simpatizantes de un Presidente elegido para un lapso de 5 años 10 meses juntaron firmas para pedir que se quede.

[zerohedge @zerohedge]

'Forget About COVID', They Say... https://t.co/t0G9DyoLDz

[CSPAN @cspan]

Statement by President George W. Bush

[Forbes @Forbes]

https://t.co/yyYKlLv9fd

[Ricardo Espinosa @ricespro]

Oops https://t.co/DGbu0NjHfF

[Investing.com @Investingcom]

⚠️BREAKING:

*NASDAQ FUTURES EXTEND PREMARKET LOSSES, NOW DOWN 3% AS TECH ROUT CONTINUES

*S&P 500 E-MINI FUTURES NOW DOWN 1.3%; DOW FUTURES DROP 0.7%

$DIA $SPY $SPX $ES_F $QQQ

[Morten Lund @meremortenlund]

🇺🇸 Here is the part of the job report you should be WORRIED about.

Another big increase in permanent job losses!

[zerohedge @zerohedge]

China Fires Two Missiles Into Sea As "Warning To US" In Huge Escalation Following Spy Plane Breach https://t.co/tR1Cbif1FJ

[Liz Ann Sonders @LizAnnSonders]

Not the V we’re looking for … Q2 mortgage delinquencies spiked to 8.2% (highest since 2011) vs. 4.4% in prior quarter; quarterly jump was largest on record (bottom panel) @MBAMortgage