Editor’s note: The fantasy narrative of China’s nuclear option – selling US treasuries to tank the dollar – was always wrong. This story shows that the mainstream press is accepting that it was wrong. China selling treasury bonds would, if it had an effect, push the dollar exchange rate down. which would be good for…
Editor’s note: A very good piece on tariffs’ pro-growth role in US economic development. The Trump White House on Friday ramped up tariffs on billions of dollars of Chinese goods as talks to resolve a tense standoff over trade dragged on — resorting to a weapon once used regularly by American leaders. [Jeffry Bartash |…
Editor’s note. CPA Chairman DiMicco does a great job vs Sen. Heitkamp on Squawk Box. [May 13, 2019 | Squawk Box on Twitter] Watch the interview here with Former U.S. Senator from North Dakota Heidi Heitkamp and Dan DiMicco, CPA’s chairman.
Excerpt: “Yet, free traders in their fantasy world want to keep saying the tariffs are raising prices. The reality is they’re not, and it’s demonstrated by the performance of the economy. And for every one that you could bring to me that says, oh, we’ve been harmed, I can give you a hundred examples where they’re not. You…
Editors note. A good article detailing President Xi’s challenge to the US and the world. However, by focusing on the current president it ignores that for the past 30 years the ruling class has been China First hawks, not dovish, democratic internationalists. He is the global leader of opposition to the US position in international…
Editors note. This is a few days old but reposted to show the following point. Governor Hickenlooper, running for president, is an unreformed free trade advocate. Massive deregulation and socialism would both ruin the economic system that allows America to flourish. [John Hickenlooper | May 5, 2019 | WSJ] Dramatic income inequality has driven voters…
Editors note. The president wasn’t kidding. The process of raising tariffs on all Chinese imports has begun FOR IMMEDIATE RELEASE May 10, 2019 Contact: USTR Public & Media Affairs [email protected] Statement By U.S. Trade Representative Robert Lighthizer on Section 301 Action Washington, DC – U.S. Trade Representative Robert Lighthizer today released the following…
Excerpt: “If all of the [China] tariffs were passed through to consumers–which has not happened judging by price data–the overall impact on prices would be only a 0.1 percentage point rise, according to the San Fran Fred’s estimate.” Although the prospect of a tariff hike has loomed large in financial markets and the financial media…
Excerpt: “Simply put, there is no tariff armageddon. Wages and purchasing power are up. But consumer prices aren’t.” Beijing has run roughshod over our economic well-being — and there are national security implications to rampant hacking [Michael Stumo | May 9, 2019 | LifeZette] The talking heads at CNBC are panicked right now about the…
Editor’s note: Good job by the Federal Communication Commission for blocking China Mobile’s application to operate in our market. The first time ever national security based denial by the FCC. China Mobile — the world’s largest mobile operator with nearly 930 million customers as of February 2019 — first filed an application for permission to operate…