Monday, January 8, 2018

NAFTA Withdrawal Likely to Boost Stock Market


Withdrawal from the North American Free Trade Agreement (NAFTA) is likely to boost stock prices, employment and economic growth. Republican Senators told the White House earlier this week that NAFTA withdrawal will harm the stock market. But that claim is based on outdated, incorrect views on trade and investment. America’s economy and wages grew faster before the modern trade agreement era. But our manufacturing members saw substantial growth last year in part because of trade agreement uncertainty and a new focus from business on finding sources of supply within the U.S. The new approach is raising production and employment at U.S. manufacturers. Their biggest problem now has become finding skilled workers to meet new demand. [more...]

Monday, January 1, 2018

Expert Predictions for 2018 - Pt. II


I predict, in the January 2018 issue of Real Money Perspectives, many factors may devastate the American economy in the New Year. Most of Europe’s nations are being dissolved into the new empire of the European Union, in which national borders no longer control immigration or trade. As I explained in Money, Morality & The Machine, this “Superstate,” as founder Jean Monnet envisioned it, was to be created piecemeal, by deception, with Europeans denied a democratic vote on whether to undo their national identity. The EU would be - and now is - run by an elite of unelected progressive Eurocrats. [more...]  [Read Part I here...]

Tuesday, November 7, 2017

Taxing America’s Future


The American Dream is being undermined by government policies. “The sweeping tax overhaul House Republicans introduced [November 2] would eliminate or scale back some of the biggest incentives for home-buying in federal law,” wrote Russell Berman in The Atlantic. This would, he said, cut in half the limit on deducting mortgage interest, cap property tax deductibility, repeal the tax deduction for moving expenses, and force more people to pay taxes on profits made from selling a home. 

The low-earning Millennial Generation has already postponed buying their first home, which has postponed marriages and couples starting a family, which has in turn helped spawn the lowest fertility rate in American history. Higher taxes, in other words, have unintended consequences. In this case, raising taxes on home ownership could mean far fewer children in this generation – and far fewer future workers to pay for Social Security and Medicare that are already speeding toward bankruptcy. [more...]

U.S. Economy Continues to Grow


The U.S. economy grew 3.1% during the third quarter of 2017. This was higher than expected after several states were damaged by hurricanes Irma and Harvey. Many analysts believed that there would be a sharp slowdown in our economic growth following the devastating results of this year’s hurricane season. However, spending held steady, even though home building investment dropped. Consumer spending had a 2.3% growth, added with the increased growth of exports; business investments in equipment and intellectual property kept the GDP growth rate at 3%. This was despite the fall of construction spending, mainly due to the effects of the hurricanes this year. [more...]

Tuesday, September 12, 2017

The Financial Toll of Two Major Hurricanes


Within the span of 2 weeks, U.S. shores have been hit by 2 major hurricanes. Harvey which hit Texas and Southwest Louisiana in late August, and Irma making its way through the Florida coast. With the devastation left in their path, the question now is what is the financial toll on the U.S. after 2 major disasters? The toll for Harvey’s destruction is estimated to be anywhere between $70 and $90 billion, with only $35 billion protected by insurance, by RMS a disaster modeling firm. Analysts have predicted that Irma’s financial toll can reach up to $172 billion in the U.S. alone. Countries in the Caribbean are expected to see cost of up to $65 million from Irma alone. [more...]

The Equifax Storm


Equifax, the Atlanta-based company – one of America’s three giant credit reporting agencies – announced this September that hackers had penetrated its computers and stole data for at least 10 weeks before being detected on July 29. What these hackers stole, Equifax reported, were the names, birth dates, Social Security numbers, and other data of 143 million “customers” – nearly half the U.S. population. (“Customers” is in quotes because you likely never asked or agreed to be an Equifax customer, and you have no ability under current law to make them stop gathering personal financial data about you.) This attack struck 143 million Americans (most of whom have not yet felt it) and could put our nation underwater for years to come – perhaps even drown our personal and national economy and prosperity. [more...]

Tuesday, September 5, 2017

Should the Trump Administration Pull Out from South Korea Trade Deal?


The Trump administration is considering withdrawing from KORUS (the South Korea-U.S. free trade agreement). The data supports pulling out, but globalists - who support economic growth in other countries but support only Wall Street and Silicon Valley growth here - are freaking out. The case for pulling out of KORUS is stronger than the case for pulling out of NAFTA. First, Korea is a recidivist currency manipulator. It’s currency, the won, remained 14.4% undervalued in May, making Korean goods and services cheaper than they would be with a fairly-priced won. Mexico’s currency, in contrast, is not undervalued. Second, America's trade performance under the KORUS agreement is the worst among all U.S. trade deals. [more...]