Sunday , September 22 2019
Home / Tag Archives: Trade War

Tag Archives: Trade War

Central Bankers Now Plotting Government Subversion?

Two weeks ago a former Federal Reserve board member and bank president, William Dudley, wrote an editorial that encouraged the Fed use its powers to defeat Donald Trump’s second bid for the US presidency. I don’t recall choosing presidents as being listed in the Fed’s two mandates — controlling inflation while maximizing employment. For an organization that has been speaking a lot lately about the importance of its independence from politics, that was the most overtly political statement...

Read More »

Here We Go Again! SchiffGold Friday Gold Wrap Sept. 6, 2019

Here we go again!Gold and silver both took a tumble yesterday because US and Chinese officials are reportedly going to have a meeting. Hope that this might mean a thaw in the trade war boosted risk sentiment and drove profit-taking in the precious metals markets.We’ve seen this song and dance before. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also points out some very interesting Federal Reserve news that nobody in the mainstream has even...

Read More »

The trade war’s winners don’t include us….. – Publications – AEI

AEI The trade war’s winners don’t include us….. …. is the title of an op-ed in today’s Wall Street Journal by Robert B. Zoellick (former World Bank president, U.S. trade representative and deputy secretary of state). Here’s the part of the article where Zoellick outlines five adverse effects of Tariff Man’s trade war (bold added): President Trump’s trade policy represents a fundamental break from the past 85 years. It’s more than a matter of aggressive...

Read More »

The Trade War Goes Into A Higher Gear!

A Pfennig For Your Thoughts September 3, 2019 * But dollar bugs won’t be distracted, they keep buying dollars!* Chuck takes us back to his days as a cashier in Des Moines, Iowa! Good Day… And a Tom Terrific Tuesday to you! What a great weekend here in my home town… The rain stayed away for the BBQ on Saturday, after coming down in buckets on Friday night, and then Sunday and Monday were just absolutely beautiful… I know that’s not fair, to the folks in the SouthEast, getting hammered by wind...

Read More »

Silver on Rocket Fuel! SchiffGold Friday Gold Wrap Aug. 30, 2019

Gold has had a pretty solid month, but silver has been going up like it’s on rocket fuel.In this episode of the Friday Gold Wrap, host Mike Maharrey takes a close look at the silver market and what’s going on there. He talks a little trade war, saying that maybe we shouldn’t be talking so much about the trade war. And he also touches on some economic news that came out the week.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled...

Read More »

Peter Schiff: Trade Deals Won’t Fix the Economy

One day Trump is on Twitter ratcheting up the trade war with China and the next he is pulling back and saying a deal is close. This back-and-forth has been yo-yoing markets for months. Peter Schiff recently appeared on to talk about the trade war. He said he doesn’t think there’s much substance to promises of a big trade war win. And even if the trade war is resolved, it’s not going to fix the fundamental problems underlying the US economy.The interview kicked off with a...

Read More »

A trade war is not a carbon tax

Tyler Cowen recently asked this question: Is the trade war with China a carbon tax? Of all the questions I’ve seen Tyler ask, this is the easiest to answer. A trade war is not a carbon tax, and indeed it’s not even close to being a carbon tax. What would be a close substitute for a carbon tax? The answer to this question is also pretty straightforward. A cap and trade system for carbon emissions, with the permits auctioned by the government, would be a fairly close...

Read More »

Peter Schiff: Trump Loses It on Twitter

Donald Trump went on a Twitter rant Friday. In his latest podcast, Peter Schiff said the president basically “lost it.”There was a lot of news on Friday before Trump went off on Twitter. Jerome Powell gave his speech at Jackson Hole. He was generally upbeat about the economy. Then China announced additional tariffs on $75 billion in American imports. But the real fireworks started with Trump’s tweets in response to the Chines tariff retaliation.The tweetstorm probably...

Read More »

Backfire economics: Consumers are and will be paying higher prices due to Trump’s tariffs/taxes on Americans – Publications – AEI

AEI Backfire economics: Consumers are and will be paying higher prices due to Trump’s tariffs/taxes on Americans From CNBC: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December. “What distinguishes China...

Read More »

Backfire economics: Trade war updates – Publications – AEI

AEI Backfire economics: Trade war updates 1. Jake Tapper interviewing White Trade advisor Peter Navarro today on CNN: “You and the administration keep saying the entire burden of these tariffs and this trade war is being borne by China.” Peter Navarro: “And that is absolutely true. We have seen absolutely no evidence in the price data. It’s not showing up in the consumer price index. They’re not hurting anybody here. They’re hurting China.” 2....

Read More »