The currency wars began in January 2010 with President Obama’s State of the Union address and his declaration of a National Export Initiative. The trade wars began in January 2018 with President Trump’s imposition of tariffs on solar panels, appliances and aluminum, mostly from China and South Korea. The tightening of monetary policy began in
Ever since the 1970s, Americans have cringed at the mention of OPEC. The term “OPEC” stands for the Organization of the Petroleum Exporting Countries, which includes major oil exporters Saudi Arabia, Kuwait, UAE, Iran, Iraq and 10 others. It was in the mid- to late 1970s that OPEC oil embargos on exports to the
In the past two years, the deep state has moved from conspiracy theory to a threatening reality. The idea of lifetime government operatives buried throughout the U.S. bureaucracy communicating with each other and pursuing their own agenda regardless of any liberal or conservative leadership has been around for a while, but it has been viewed
One of the biggest talking points in favor of the Trump tax cuts of late 2017 was that they would unleash a “wave” of cash stored up in the offshore subsidiaries of U.S. companies that would return to the U.S. to support investment in plant, equipment and new jobs. I warned at the time that
Robert J. Shiller is one of the most highly regarded economists in the world today. He’s a winner of the Nobel Prize in economics and co-inventor of the Case-Shiller housing price index that is a widely cited indicator of expansion or distress in the housing market. He is also the inventor of the CAPE ratio
