The media have been filled with accounts in recent years of how automation is displacing workers and threatening the country with mass unemployment. Even President Obama even made a point of warning about the dangers of mass displacement from automation in his farewell address. [Dean Baker| February 5, 2017 |Beat the Press] This obsession is…
FRANKFURT—Germany’s exports exceeded its imports by the widest yearly margin on record last year, a sign of the strength of Europe’s biggest economy that could inflame tensions between Washington and Berlin over their trade relations. [NINA ADAM and ANDREA THOMAS| February 09, 2017 |Wall Street Journal] Germany’s trade surplus—or the balance of exports and imports of goods—rose…
Wait for it. Here comes the Tokyo delegation — with lots of shiny trinkets and flattering words for President Donald Trump. [Kevin Kearns| February 9, 2017 |LifeZette] Yes, Japan’s prime minister, Shinzo Abe, is coming to the White House on Friday to present a five-point plan explaining how his county can work with the United States to…
By Jeff Ferry, CPA Research Director Sometimes the victories come so thick and fast, you have to sit down, take a deep breath, and count them. And sometimes your victories come wrapped in so many layers of pious self-justifying twaddle that you don’t even recognize them. In the past few weeks, those of us who…
“The virtuous cycle of capital has broken down,” says Dan Alpert, Managing Partner at Westwood Capital in this new edition of Real Conversations. [Dan Alpert| February 09, 2017 |HedgeEye] That’s not hyperbole. Alpert wrote the book, “The Age of Oversupply.” In it, he argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital…
Washington ~ The U.S. Department of Commerce released a report yesterday showing that the US trade deficit rose to $502.3 billion, its highest level since 2012. “The huge trade deficit continues to hollow out U.S. manufacturing industry and depress real incomes in many parts of the country,” said Jeff Ferry, CPA Research Director. “All eyes are on the Trump Administration…
By Jeff Ferry, CPA Research Director The United States trade deficit for 2016 rose to $502.3 billion, its highest level since 2012, as a growing U.S. economy, a rising U.S. dollar, mercantilist practices by many foreign trading partners, and generally lackluster economic growth in foreign markets combined to make the trade balance a negative force in…
Our economy has suffered through thirty years of very slow growth. The median wage has stood still and almost all our economic gains have gone to the top one percent. [Ralph Gomory| January 26, 2017 |The Hill] This is not the economy we want. But if we want something better, we will have to change some…
A controversial part of NAFTA that permits Mexican trucks to roll through the United States may be left on the cutting room floor if the Trump administration decides to reopen the trade deal. [Lauren Gardner| February 6, 2017] And that would suit parts of the U.S. trucking industry, their unions and some avowed foes of…
Watch the latest video at video.foxnews.com House Ways and Means Committee chairman talks economic proposals on ‘Sunday Morning Futures’
