Category: Economy

  • Friday March 2, 2018 The Tariff Nightmare Begins This past week brought more early warnings of Trump’s simplistic ‘us versus them’ view of trade. Last year the President set this potential disaster in motion by instructing the Commerce Department to investigate if steel and aluminum imports threaten national security under Section 232 of the Trade…

  • Friday March 2 2018 The Real Worry is not the Wall or Russia Lawmakers have stressed caution regarding Trump’s dissatisfaction with NAFTA. This has also been the case with multiple Chambers of Commerce, Governors, and both Mexico and Canada. Senator John Thune R-S. D. remarked that “withdrawing form NAFTA would be a disaster. This foolishness…

  • I am posting three of my recent newspaper columns warning about the danger of a tariff war. Friday January 26, 2018 Word Count 745 The Trade War Begins, Oil Prices Look Toppy Inconsistent remarks by President Donald Trump and his Treasury secretary about the dollar this week sent the US Currency on a roller coaster ride…

  • Wednesday Feb 21, 2018 The Mexican Government has produced an English language website explaining the benefits of NAFTA. One can click on any state in the US Map to see the benefits of NAFTA. My newspaper column this weekend will examine the dangerous game President Trump is playing with trade policy.  

  • Friday Feb 2 2018 The Correction Begins The Energy ETF XLE reversed course over the last three days, stalled at $78. Energy Service XES is turning down at $19. Momentum is also rolling over. Look for energy prices to peak for the time being. All attempts at calling a top in the stock markets have…

  • Wednesday January 24, 2018 The Tariff Act of 1930 did its best to really kick off the Great Depression. And that Depression would not end until its repeal in 1947. No matter what your opinion is of Donald Trump he is on the wrong side of trade.He is repeaing the same mistakes of Smoot Hawley…

  • Monday March 6, 2017   JCP and seven other chains are closing stores. Most being closed simply do not contribute to the bottom line. This is another sign that on line shopping has trumped brick and mortar stores.

  • Friday January  27, 2017 Why Punish Mexico? It is difficult to stop a bad idea cloaked in good intentions. Dennis Elam The President is treating our neighbor like Obama treated Israel. The Wall Street Journal WSJ on Mexico And then… A US –United Kingdom trade deal may never be easier to strike than right now.…

  • Monday January 9, 2017 We have made numerous posts on the decline of Sears SHLD. Here is the latest run down. Apparently the firm needs another $1.5 billion in 2017 to stay afloat. The article describes a CEO who is never at headquarters and rants and raves during meetings, sounds like the true bunker mentality.…

  • Tuesday December 27 2106 If I were to create the Most Common Sense Award, it would surely go to  Thomas Sowell. The above link takes you to his last column written now at age 86. I have linked to his columns on this blog. But sadly I have never received a single student comment on…