Economics
DOUBLE WHAMMY For every action there is an equal and opposite reaction. The Economic One-Two punch. Businesses and individuals in the US are being hit with multiple changes to the way they have expected the economy to work. Sometimes one change is amplified by...
“Whether the stone hits the pitcher, or the pitcher hits the stone, it’s bad for the pitcher.” Man of La Mancha I have been thinking about the political adage: “It’s not the revenue, it’s the spending”. The more I look at that statement, the more I have trouble...
Ripping us off Note: I am not an economist. If I have made errors here, I hope those of you who are economists will correct them. I have previously written about the bogus calculations that the White House Office of the Trade Representative made to determine...
As I write this on Sunday, the DOW is poised to lose another 1,500 pts at the opening on Monday morning, on top of the 4,000 points lost in 30 hours late last week. If there is anyone out there who still does not understand how tariffs work, or if someone you know...
Properties under development with the Trump Organization
Wonk, Wonk, Spin, Spin I am not an economist, but I have dealt with formulas in my scientific career.Mr. Trump announced “reciprocal” tariffs yesterday. On the surface, the chart he produced showed terrible inequalities of tariffs.But…This is Snake Oil, and it is...
Globalism: BADCapitalism: GOOD Current political mob-speak is attempting to reverse the past 75 years of history by claiming that Globalism is a bad thing – Nationalism/Patriotism should replace it. The problem with this paradox is that Globalism is a natural...
Job creation under the Trump administration has lagged behind the Obama years. Here is a chart (data from the Bureau of Labor Statistics (https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth)) This plots the number of jobs created in the first 5 months...
Let’s say that you owned a fast-food franchise that sold burgers and fries. Let’s say you owned a stable of those franchises, hundreds or thousands. T The President posts a note saying “The fast-food industry has been ripping off the American consumer for years. ...
There has been much conversation recently about lowering the Federal Funds rate. Pressure has been exerted on the members of the Federal Reserve Board of Governors to attempt to either sway them to lower rates, or to force them off of the Board in order to replace...
It seems to me that one way to understand Mr. Trump is through the following quotation: When Mr. Trump spoke at CIA headquarters this year, he said: “The old expression, ‘to the victor belong the spoils.’ I always used to say, keep the oil. I wasn’t a fan of Iraq. ...
Our gut reaction is that this is terrible. The growth of the National Debt is unsustainable, and the interest payments on the debt our eating up a larger and larger fraction of the National Budget.