trade

Global equities have rallied.  Of course,  stock prices are not the end all and be all, but it stands in stark contrast to the cries that the sky is falling.

China's membership in the WTO has been a disaster for Western manufacturing, employment and wages.

This post was first published on Patreon on 20 Jun 2018 Last July, I was in Germany for a high school graduation. And as the only American family member in attendance, I got a lot of questions about Donald Trump. What I said then was that…

Maybe he just wants to get concessions out of the Chinese and the Mexicans and he is willing to take heat on (temporarily) damaging relationships with the Canadians. I suspect this may be what he is after.

There are reasonable scenarios in which monetary policy continues to tighten, fiscal policy does not loosen and the economic trajectory slides down into stall speed, even before the full economic impact of tariffs are felt.

North Korea is sometimes (hyperbolically) referred to as a Chinese client state. And this seems to be the perception that Trump has developed as well.

Since Emmanuel Macron’s election as French president in May 2017, hope has lingered that a mythical friendship between France and Germany will help complete the gaps in the euro area architecture. As this column discusses, however, history…

Normally, we think of trade as a story of spendthrift nations 'living beyond their means' and saver nations being productive. In this view, savers are virtuous and spenders are sinful. And the easiest way to see who the saints and sinners…

I have a lot of links on the Trump investigation. The key factor: while the Cohen warrant is Stormy Daniels related, it opens the whole Trump Organization to discovery.

Links on 'The Art of the Deal', Flint, Michigan, subprime auto, Facebook and more