Tariffs on $34 billion in Chinese imports were imposed, as expected, last week. China responded with $34 billion of their own tariffs on American imports. So far, this has been a zero-sum game. The question that investors are asking is whether or not the trade war will escalate.
It’s been over ninety degrees for days. If you are like most of us, it’s a bit harder to give it your all at work, even if you have an air-conditioned office job. Now imagine the same thing happening to millions of workers all over the nation.
What’s up with the dollar? The greenback is strengthening and is having its best quarter since 2016 against an array of foreign currencies. Is this an accident, or is it something far more dangerous?
Over half the economists on Wall Street believe that by the end of 2020 we will experience our first economic downturn in years. If so, when might you begin to prepare for a rocky two-year period for all of us?
Opioids are killing us. Both literally, as well as from an economic point of view. The economy has already suffered over $1 trillion in lost potential and those losses appears to be growing by the hour.
In today’s world, talk of tariffs is part of daily news headlines. Politicians use terms like “free” and “fair” almost interchangeably in discussing trade to justify their position for or against tariffs. Maybe it’s time to review the difference between the two concepts.
Last week’s spur of the moment announcement by President Trump that he plans to implement a 25% tariff on steel and 10% on aluminum imports sent the world into a tail-spin. This week, the world fired back and everyone from the Republican Party to the European Union is threatening dire consequences if the President follows through with his proposal.
The markets are in a funk. Concern that Trump’s tax cut will be too much, too late, has investors riled up. But there may be a flip side to this argument that bears watching.
If you were watching television this Thursday, you may have caught the launching of a low-orbit Spanish government-commissioned satellite launched from Vandenberg Air Force Base in California. The difference between today and 25 years ago is that it was a private company called Space X, rather than NASA, that made it happen. For old guys like me, space exploration was a big deal while growing up. Americans my age cheered and cried as the U.S. raced for space from the tragic death of the crew of Apollo One in 1967, to the first moon walk in 1969 (and no, I…
Earlier this week, three of the country’s most influential corporate titans sounded a call to battle. Given the inaction of our government, these modern-day musketeers are preparing to storm the battlements of sky-rocketing health care costs.
It is the guiding principle behind the Trump Administration, but to “Make America Great Again” the U.S. may have to break some eggs. Are you ready for that?
The deadline looms. There is no deal in sight. Various political factions are jockeying to get their demands met. It is all part of an annual compromise to fund the government for another year. So what else is new?
One no longer needs to imagine a post-apocalyptic world where humans are hunted into extinction by intelligent robots. While a shooting war may not break out between the two sides before 2030, a new study by the McKinsey Global Institute indicates that as many as 375 million human workers will be replaced by automation.
As we approach the end of the year, most investors are both dumb-founded and pleased at the stock market’s performance. President Trump and his followers would like us to believe it is all because of them. Hog wash.
We are about half way through President Trump’s twelve day visit to Asia. The main event, another meeting between Trump and President Xi Jinping, underscores the importance of how both nations view China-U.S. relations.
Over the weekend, the government of Saudi Arabia announced multiple arrests of royal family members as well as other governmental officials. The official explanation was a new campaign to root out corruption, but many believe the raid was a power grab by the reigning Crown Prince Mohammed bin Salman.