Tag Archives: tariffs

Whose Inflation Is It?

Financial FAQs “Still, despite multiple offsetting drivers, the tariff shock is further dimming already lackluster growth prospects. We expect a slowdown in the second half of this year, with only a partial recovery in 2026, and, compared to last October’s … Continue reading

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It’s Trump’s Economy Now–Part II

Financial FAQs “Despite the strong economic growth we saw in the second quarter, this month’s release further validates what we’ve been seeing in the labor market, that U.S. employers have been cautious with hiring. ADP That’s one way to characterize … Continue reading

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Retail Sales Continue Decline

Financial FAQs “Advance estimates of U.S. retail and food services sales for August 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $732.0 billion, up 0.6 percent (±0.4 percent) from the previous month, … Continue reading

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“Mr. President, do not come to Chicago.”

Answering Kennedy’s Call “So in case there was any doubt as to the motivation behind Trump’s military occupations, take note: 13 of the top 20 cities in homicide rate have Republican governors. None of these cities is Chicago. Eight of … Continue reading

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It’s Taxation Without Representation

Financial FAQs “Oh, and as for all these tariffs: Whatever you think of them (and I am not a blanket opponent), they are taxes. They are sales taxes. Where in my copy of the United States Constitution does it say … Continue reading

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Who Benefits From America’s IOUs?

Financial FAQs WASHINGTON (AP) — The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers. AP FREDdebtGDP Trump and his Republicans’ trade war and … Continue reading

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Trade Wars = Stagflation

Popular Economics Weekly  “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 … Continue reading

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Second Quarter Growth No Big Deal

Financial FAQs “Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first … Continue reading

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The EU’s New Trade Deal

Popular Economics Weekly “This will hurt the world economy, with the burden falling mainly on lower-income Americans. The Yale Budget Lab estimates that Trump’s tariffs will leave the U.S. economy 0.4 percent poorer in the long run, which is very … Continue reading

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The Japan Tariffs

Financial FAQs “It has been clear for a while that Trump and co. don’t understand or believe in balance of payments accounting, that they want both a smaller trade deficit and more foreign investment in America. Now their basic lack … Continue reading

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