Trade Wars: Stop Hyperventilating, It’s All About the Dollar

My Comments: Since this article first appeared several months ago, the current administration has doubled down on the idea of import tariffs. For some reason, it thinks that trade wars are what is needed to ‘Make America Great Again’. A reverse analogy that comes to mind are the gas price conflicts that used to appear …

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Welcome, Immigrants. The U.S. Really Needs You

My Comments: For the past 18 months, there has been a war on immigration, fostered by Donald Trump and most Republicans. It portends an economic disaster for the US economy. Yes, open borders will inevitably allow some bad people into the country. But it will also allow some really good people in as well, and …

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Trump’s Looming Bust-up with China is Bad News for 2018

My Comments: Having more money to spend in retirement requires a delicate balance between living cautiously and making sure your funds are growing properly. If you stay alive, the money to pay your bills has to come from somewhere. All that is to say that global economics is going to play a role in your …

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Forecasting the Next Recession

My Comments: I may have retired from providing investment advice but I’ve not yet left the building. What happens in the world of money still interests me both professionally and personally. Attached to this post, by way of a link to a 12 page, downloadable report, is a projection from Guggenheim that says we’ll experience …

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The End Of Capitalism Is Already Starting–If You Know Where To Look

My Comments: I argued last week (Is Capitalism Killing America?) that pure communism and pure capitalism are flawed economic models for society. They simply define the ends of a continuum along which we as a society are struggling to place ourselves. I think this topic needs a better understanding. Mindful that economics is as easy …

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Is Capitalism Killing America?

My Comments: In the minds of many, capitalism is the antithesis of communism. And they are essentially right. In the minds of many, communism and socialism and fascism are one and the same. And they are essentially wrong. Communism is an economic model where the state owns everything involved in providing goods and services to …

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Less Immigration Equals Less Growth

My Comments: This thought comes from Neel Kashkari, President of the Minneapolis Federal Reserve Bank. I repeat them here for two reasons: one, investment returns correlate positively with economic growth and two, young people in this country are having fewer children. Why are we encouraged to fear immigrants and immigration? What threat do they actually …

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