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Tag Archives: Trade War

Doom and Gloom During a Boom? SchiffGold Friday Gold Wrap 11.02.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.October was a brutal month for the stock market, but we’ve seen a bit of a rally the last few days. Most of the mainstream pundits seem to think this means the correction is over. After all, we’re in the middle of an economic boom, right? But in this week’s Friday Gold Wrap podcast, host Mike...

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Savings – Not Tariffs – Will Make America Great Again

In a podcast earlier this month, Peter Schiff talked about the “twin deficits” of national debt and trade. We’ve talked a lot about the federal debt spiral, and there has even been some discussion about it in the mainstream. But almost nobody is paying attention to the growing trade deficit. Peter is an exception. When the August numbers came out earlier this month, Peter noted it was the largest trade deficit in merchandise since the summer of 2008. And what happened right after the...

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Some economic lessons about trade for Donald Trump from Milton Friedman and Henry George – Publications – AEI

AEI Some economic lessons about trade for Donald Trump from Milton Friedman and Henry George In the video above Donald Trump’s uninformed, economically illiterate, and childlike views on international trade and trade policy are contrasted with Milton Friedman’s informed, economically sophisticated and mature views on trade. Toward the end of the video, Milton Friedman paraphrases what he considers to be the best argument he’s ever heard for free trade, from 19th century...

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The best sentence I read today…… – Publications – AEI

AEI The best sentence I read today…… … is from Richard Salsman’s American Institute for Economic Research article “Fallout from the Trade Wars,” where he exposes some of the Mercantilist-in-Chief’s upside-down, illogical, and childlike “understanding” of trade (bold added): Since Trump defines an actual gain (net imports) as a loss for Americans, he’s equally comfortable with the illogic of defining an actual loss (higher tariffs on...

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Contra Krugman: It’s Your Dime Interview with Economist Bob Murphy

SchiffGold’s  features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.In this episode, host Mike Maharrey talks with economist Bob Murphy about his Contra Krugman book, how Keynesian economics goes off the rails, the time Paul Krugman ridiculously compared HealthCare.gov to UPS, the trade war, the gold standard and the Great Depression, Bob’s favorite Krugman flip-flops, and more.Robert P. Murphy holds his Ph.D. in...

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Peter Schiff: The “Trump Tariff Put” on the Stock Market Is Worthless

The Dow Jones pushed into record-high territory again late last week. As Peter Schiff pointed out in his latest podcast, Pres. Trump was out there pointing out the record run on Wall Street and claiming responsibility for this bull market. Just turn on Fox News and hardly a segment will go by that somebody isn’t reminding you about how great the economy is. Peter said it reminds him how people were talking up George W. Bush before the Great Recession.Just because you’re a...

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What I Wrote to the White House about Trade & Tariffs

The primary culprit of the ballooning US trade deficit is being purposefully obscured: Corporate America China is taking its propaganda on trade directly to the US. And “folly” seems to be the preferred official term. The four-page propaganda piece in Sunday’s Des Moines Register, “paid for and prepared solely by China Daily, an official publication of the People’s Republic of China,” as it said, was titled “Dispute: Fruit of a president’s folly” (image via Jennifer Jacobs of Bloomberg...

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Backfire Economics – Trump’s 25% auto tariffs could cost 715K US jobs, reduce new cars sales by 2M – Publications – AEI

AEI Backfire Economics – Trump’s 25% auto tariffs could cost 715K US jobs, reduce new cars sales by 2M According to research by the Michigan-based Center for Automotive Research (CAR), 25-percent auto tariffs will cost Americans dearly. How dearly? We can expect: 2 million fewer new vehicles sold per year. Total U.S. employment losses of nearly 714,700 jobs, and GDP losses of $59.2 billion. A loss of 117,500 of 1.1 million U.S. new-car dealership jobs, with the average...

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Backfire Economics: Trump’s trade war hits Walmart and its suppliers and customers – Publications – AEI

AEI Backfire Economics: Trump’s trade war hits Walmart and its suppliers and customers More evidence of Trump’s trade war backfiring on the US economy, inflicting significant collateral damage and damaging friendly fire on American retailers, suppliers and consumers, from CNN Money (“Walmart is where the trade war comes home“): The latest round of tariffs brings the US trade war with China directly to Walmart, the country’s largest retailer, and hits the...

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The Economy’s Rotten Foundation: SchiffGold Friday Gold Wrap 09.21.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.Stock markets hit record highs this week. It’s yet another sign that everything in the economy is great! But there’s a rotting foundation nobody is talking about. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey does. He also covers the latest goings on in the gold market, the...

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