Stock Market
What Latin America Can Teach Trump about Tariffs
The theory of Import Substitution Industrialization (ISI), and the high tariffs that went with it, brought about economic dysfunction and stagnation to the region. Back in the 1950s, Latin American...
Tariffs and the Specter of Smoot-Hawley
Bad trade policy helped prolong the Great Depression. Even a muted repeat of this experience is terrifying. Stock prices have tumbled, and anxieties have soared with the White House announcement...
How Trump’s Tariffs Are Reshaping Global Trade
The unveiling of sweeping trade barriers has fundamentally shifted the nature of global trade diplomacy toward transactionalism. This week, President Donald Trump announced a comprehensive set of tariffs affecting nearly...
Why Donald Trump Might Reverse Course on Tariffs
With trillions of dollars vanishing from financial markets overnight, the president may have little choice but to make an uncharacteristic U-turn.
DeepSeek: What We Know And What We Don’t Know
Don’t take all of the claims about China’s new AI model at face value. Following the release of DeepSeek (China’s new AI model), Wall Street experienced an unprecedented sell-off of...
The Dark Side of Sovereign Wealth Funds
Proposals for a federally based sovereign wealth fund (SWF) have emerged almost simultaneously, though separately from the Biden White House and the Trump campaign. Such pools of money usually invest...
Stock Market Crash Proves Federal Reserve Must Cut Interest Rates
Mark Twain is often credited with saying that history does not repeat itself, but it does often rhyme. He might well have been talking about the stock market’s repeated tendency...
Will the Fed’s Hawkish Interest Rate Hikes Cause a Recession?
An increasingly hawkish Federal Reserve is making the majority of investors believe that stocks will be stuck in a downward trend for the rest of this year, according to the...
Stock Dump: Musk Sells Nearly $7 Billion in Tesla Shares
Tesla CEO Elon Musk this week sold 7.92 million shares in the company, which are worth $6.88 billion, even though Musk had said earlier this year that he had no...
Market Rebounds as Fed Green-Lights New 0.75 Percentage Point Rate Hike
In an effort to tame persistent inflation that reached 9.1 percent last month, the Federal Reserve on Wednesday raised its key short-term rate by three-quarters of a percentage point for a second straight month....
It Can Get Worse? Top Economist Says Inflation Could Reach 9%
El-Erian, the chief economic adviser at Allianz, has stated that the country’s already red-hot inflation rate could potentially reach a whopping 9 percent in the coming months. “I think you’ve...
To Up the Pressure, Washington Must Sanction Russian ADRs
After the Russian invasion of Ukraine, the West has imposed an array of powerful Western sanctions on Moscow to pressure Vladimir Putin into backing down. But with Putin showing no...