Editors note: Very good news. Wage gains are rising the most in lower-paying industries, and without a $15 minimum mandate. [Andy Puzder | June 13, 2019 | WSJ] With the Democratic presidential campaign under way, get ready to hear a lot about economic inequality. Sen. Elizabeth Warren, who’s surging in the polls, has complained about…
Editor’s note: Sanctions and tariffs work. HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. [Sijia Jiang | June 17, 2019 | Reuters] Ren’s downbeat assessment that the ban will hit…
Editor’s note: Rob Scott authors an important piece in the NY Times supporting CPA’s, and others, efforts to realign the dollar to balance trade. Ms. Warren and Donald Trump agree on at least one thing: America’s currency problems are hurting workers. [Robert E. Scott | June 16, 2019 | The NY Times] Elizabeth Warren released…
Editors note: The US is decoupling from China. The rest of the world is beginning to follow. In its heyday, Samsung’s complex in Huizhou in the northern part of the Pearl River Delta was the South Korean company’s largest Chinese factory, producing one in five smartphones sold in China in 2011. [He Huifeng | June…
Editors note: Spencer Morrison destroys the intellectual edifice of free trade theory. Classical Economics & Free Trade Depend on 3 Invalid Presumptions—Now What? [Spencer Morrison | November 30, 2017 | National Economics Editorial] The era of economic surrender is over, and the rebirth of American industry has begun. ~President Donald J Trump (2017) President Trump…
Editor’s note: Helpful hint: do not listen to Jamie Dimon of JP Morgan Chase on advice about the real economy in the US. WASHINGTON (AP) — President Donald Trump’s aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party. [PAUL WISEMAN and…
Editor’s note: The Big Ag globalists still control ag trade policy in this administration. Just has China has an industrial strategy and we should get one too, Canada has an agro-industry strategy and we should get one too. Canada’s program actually works pretty well for their farmers. When they’ve dismantled parts of it in the past,…
Editor’s note: Interesting transition of the public debate from (1) “tariff armageddon will crash the economy” to (2) “oh my, China is indeed a bad actor, the pain may be worth it” to (3) “maybe there is not much pain, and a lot more gain right now” Larry Kudlow, director of the National Economic Council, said…
Editor’s note: Sen. Grassley supported every trade agreement, China’s entry into the WTO, and every Fast Track bill that gave trade negotiating power to the executive branch. Now that we have a nascent pro-US trade strategy being developed in the administration, Grassley is trying to hamstring it. Senate Finance Chairman Chuck Grassley said Tuesday he…
Editor’s note: CCP influenced entities use US consumer market as a piggy bank to fund their growth. But also our equities markets. Part of the United States’ awakening to the complex challenges posed by a rising China is the realization that America’s economic vulnerabilities are also national security vulnerabilities. And it’s not just about trade. [Josh…