Tag Archives: Trump

I've been reading in the spare time (not as much as I would like, and worse with the World Cup) Louis Uchitelle's Making It: Why Manufacturing Still Matters. I tend to agree with the general idea of the book and with many of the policy conclusions, even though I have some problems with minor points (for another post). As a result of this I went to check manufacturing output. There are many different statistics to check in the FRED database. Below a measure of industrial output. And yes, it...

This just in. Read.Putin talks about a big new fiscal expansion, which will be "paid for" with spending cuts and new taxes even though he has unlimited spending power in ruble.And we now find out Russia's been stupidly buying gold for years. Why??This is a total waste of financial and real resources and an even stupider subsidy to the mining industry.Then there's this...Russia's empty threats about retaliation against U.S. strikes on Syria. "We'll shoot down the missiles and target launch...

Ho Hum - More Trade Threats | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is: "Exceeded the maximum global requests per...

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High Cost Economy | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is: "Exceeded the maximum global requests per minute...

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Trump’s Tariff Travesty Will Not Re-Industrialize the US, TRNN, March 15, 2018 [embedded content] SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries coming to you from Baltimore. The Organization for Economic Cooperation and Development, or known as the OECD, predicted on Tuesday that Trump’s tariffs on aluminum and steel imports could initiate a wave of protectionism and slow global economic growth. The tariffs have already spurred various countries to announce...

Tom put it correctly a short while ago when he called it a descent into farce.Larry Kudlow is a moron, there's no two ways to put it.From his goofy "Free market capitalism is the best path to prosperity," chants to his jingoistic, "King Dollar" slogan, the guy is a quack.Kudlow got everything wrong in the crash.1) He predicted hyperinflation from the Fed's monetary policies. 2) He said the dollar would crash. (Also from the Fed's policies.) 3) He said that interest rates were going to...

Trump’s series of threats this week was a one-two punch. First, he threatened to impose national security tariffs on steel and aluminum, primarily against Canada and Mexico (along with Korea and Japan). Then, he suggested an alternative: He would exempt these countries IF they agree to certain U.S. demands. But these demands make so little economic sense that they should be viewed as an exercise in what academia used to call power politics. Or in Trump’s world, Us versus Them, a...

Tollbooth Trump | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is: "Exceeded the maximum global requests per minute for...