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Economics

A CASE STUDY IN FOREIGN TRADE

I am pretty sure most of you have bought your own plane ticket for a trip.  You probably used one of the websites that allows you to view available flights from various carriers.  The airlines have learned that travelers, once they put in their destinations and dates,...

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WHY WE NEED TO BUY NITROGEN

You may remember from High School, that the air we breathe has Oxygen and Carbon Dioxide (a molecule containing one Carbon atom and two Oxygen atoms), but that the main component of air is Nitrogen.  78% of air is Nitrogen, 20% is Oxygen, and about 0.05% is Carbon...

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GDP AND TARIFFS

An adult male who is 5’ 8” tall and weighs 205 lbs. has a BMI (Body Mass Index) of over 31 and is considered morbidly obese. If he gains another 10 lbs. over a year, his BMI goes up to 33.  Terrible! Unless he is R.J. Harvey, the running back for the Denver Broncos. ...

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OPPORTUNISTIC INFLATION

We have spoken a lot about price inflation; how increased costs, whether through imposed fees like tariffs, or by increased costs for foreign producers, lead to increased costs of production, and downstream increased costs to the consumer.  We have also spoken about...

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MEASURING THE ECONOMY

As we approach the final Presidential debate this week, we can expect to hear about how great the economy was prior to the pandemic. I chose to look at the data comparing the first three years of the Trump economy to the final 3 years of the Obama economy.  I have...

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US EU DEAL

The United States and the European Union have reached a trade deal that includes a 15% tariff ceiling on most EU goods entering the US, while also eliminating tariffs on certain US goods entering the EU. The EU has also committed to purchasing $750 billion in US...

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