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Tag Archives: foreign trade
Republicans Have Never Paid Their Bills
Financial FAQs “The new law will reduce federal revenues by significant amounts, even after allowing for the impact on economic growth. It will make the distribution of after-tax income more unequal. If it is not financed with concurrent spending cuts … Continue reading
Posted in Consumers, COVID-19, Economy, Macro Economics, Politics, Weekly Financial News
Tagged Donald Trump, Economy, federal budget, federal budget deficit, foreign trade, Libertarian Ron Paul. Presidents Ronald Reagan, news, Politics, President Donald Trump, President Eisenhower, tariffs, Trump
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Consumers Not So Confident
Financial FAQs “Consumer confidence improved in May after five consecutive months of decline,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. “The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards.” Conference … Continue reading
Posted in Consumers, COVID-19, Politics, Weekly Financial News
Tagged China, consumer spending, Economy, Federal Reserve, foreign trade, GDP growth, inflation, interest rates, Politics, tariff agreements, tariffs, Trump
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Republicans’ Dystopian Dream
Popular Economics Weekly “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” Grover Norquist, Republican. Grover Norquist, founder and president of Americans for Tax Reform in a 2001 … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged Donald Trump, Economy, Federal Reserve, foreign trade, GDP growth, Great Depression, inflation, interest rates, news, Politics, tariffs, Trump
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What Is Burning?
Answering Kennedy’s Call “Yet another tragic story of people being trapped inside a burning Tesla, this time in Toronto. Four dead; one rescued when a bystander smashed a window. Phil Koopman, cited by Paul Krugman in Substack Carscoops.com Paul Krugman … Continue reading
Consumer at Center of Any Recovery
Financial FAQs FRED retail sales The American economy has depended on consumers’ health, and consumer spending since the 1950s, really. Consumers generate some 70 percent of economic activity from their purchases, with government spending and capital expenditures in the private … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics
Tagged consumer confidence, consumer spending, COVID-19, foreign trade, trade tariffs
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Collaboration vs. Confrontation—Who Wins?
Financial FAQs theverge.com Is the era of trickle-down economics, of Reagonomics that saw so much wealth redistributed to the top 1 percent, finally ending? Yes, if we want to really ‘cure’ the pandemic decimating the U.S. and world economies, because … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics
Tagged coronavirus pandemic, foreign trade, World War II
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Disaster Preparation—Why Irrational Exuberance?
Popular Economics Weekly WTI Crude Oil Stock and bond prices are gyrating when the world economy doesn’t seem to know what to make of China’s coronavirus that has now spread to some 23 countries, according to latest reports. And that … Continue reading
Posted in Economy, Macro Economics, Politics, Uncategorized
Tagged Chinese economy, coronavirus, foreign trade, Great Depression, oil prices, OPEC
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Why Our Endless Tariff Wars?
Popular Economics Weekly Wrightson-ICAP POTUS and the Trump administration can’t end their trade wars, although House Speaker Nancy Pelosi just announced they had reached agreement with Republicans on a new NAFTA accord with Canada and Mexico—now called the USMCA, or … Continue reading
Posted in Economy, Keynesian economics, Macro Economics, Weekly Financial News
Tagged foreign trade, labor productivity, tariff agreements, tpp, WTO
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Economic Growth…Watch Out Below—Part II!
Popular Economics Weekly Wrightson.com It is obvious from the above graph that manufacturing activity is contracting, whereas the service industries continue to grow. Exports that depend mostly on manufactured goods are therefore declining, while imports that depend on consumers will … Continue reading
The U.S. Economy Is Slowing!
Financial FAQs Late Monday, the U.S. blacklisted 28 Chinese companies because of their alleged role in human-rights violations against Muslim minorities ahead of the high-level discussions which will be led by China Vice Premier Liu He on Thursday. Bloomberg also … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged foreign trade, inflation, interest rates, PPI
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