If Mr Trump is right, Americans no longer want free trade; they want protection from it. And if the Democrats are right, they want protection from free enterprise, too.
The risk of a crash is impossible to calculate precisely or reliably. But for what it is worth, our indicators are flashing red.
Retail sales are headed down. GDP growth. Industrial production. Hours worked. New hires. Manufacturing new orders. Construction spending. All down…
There are three important decisions in life: What you do…with whom you do it…and where you do it. What. Who. Where. Keep it simple.
Naturally, the foreigners are learning not to trust US suppliers…and are looking for essential inputs elsewhere. Win-lose again…with little chance that the US will be a winner.
Trump, many believe, is the Messiah. He will wipe away every tear. Mourning, crying, and pain will be no more. He will deliver us from evil, they think.
Put the cronies in charge of business. Let the loyal apparatchiks control prices. Then, print money to cover your deficits. What could go wrong with that programme?!
We suspect a big disaster is coming later in the century…and why we suspect it will be centred in the Fake Money Capital of the World – the USA.
Claptrap comes in many guises and disguises. Sometimes, it is based on inconsequential error. Sometimes, it is just bad judgment.
The cost of living has continued to rise. By the 21st century, the typical man had to work twice as long to buy an average house and an average car as he did in 1975.
Three times, the Dow has tried to beat its October 2018 high of 2,680. And three times, it has failed. This ‘triple top’ formation is a bad sign.
China has been providing Americans with low-cost goods for nearly 40 years…with trade barriers coming down steadily. Suddenly, the China trade is unacceptable.
In the ongoing trade war, the Chinese are unleashing their own dogs. They’re now threatening to stop buying food from the US altogether and even sell their US Treasuries.
Banning trade didn’t work for North Korea. Instead, it created a Hell on Earth. But how about the US? Would it create an Eden here?