- The FT has a "profile" of what's going on with Rick Perry here
- The "new Pepsi" in economics Nominal GDP as a policy tool worth the read here Don't know if he's crazy about this theory -- it may work, but there are real issues here too!
- Proof that Ron Paul is running for his next gig: FoxNews here
- Bronte Capital continue to rip the reverse take-over crowd here
- My first job, was in 15 September 1987, went for 4 weeks of training, my first "in office" day was on October 19th 1987. Terrible storm overnight (London) with most Tube lines running "short" service. Arrived in the office to see the Dow Jones down 20% -- asked my boss "is this normal?" here
The issue is simple. What percentage of the economy is dependent on tariff goods? The truth, is that the US economy is far more closed than people understand. People genuinely believe that all manufacturing has ceased to exist in the United States all given to China on the altar of woke policy the truth can be further from That statement. Only about 15% of US GDP is related to foreign trade. Of that amount, slightly more than half is from Canada in Mexico. And half of that is energy. What that means, is that about 7% of US GDP is tariff dependent. The proof in the pudding, is how little money tariff generates. People think that 30 or 50 billion is a lot it’s not in an economy that has $3 trillion. The impact on the US economy will be less visible but not absent. Inflation hasn’t occurred yet first because tests have hardly started to bite, but more importantly it’s such a small percent of the economy. Now certain things are critical. The rare earth metals from China were critical....
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