Politics & Government

Newton’s Third Law at Work in the Trade Dispute

When Harley Davidson (NYSE: HOG) announced that they were moving some production overseas due to the proposed tariffs from the European Union, President Trump tweeted that he was surprised by the move. He also criticized the company and went so far as to say that it would be “the beginning of the end” for the company. It really shouldn’t come ...

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At Least One European Group Agrees With Trump Trade Ideas

Since President Trump launched his campaign to level the playing field in international trade, there has been a tit for tat between world leaders and the key players in the trade war. The U.S. President hasn’t found much support from foreign leaders—political or business. But he has had one prominent European group announce that they agree with him. German automakers ...

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Real America versus media America

One has to ask just what world do our politicians and news media folks live in? The news industry is largely a one-way communication.  They report what they consider the most important events of the day and tell us how we should think about those events – the latter of which takes up the vast majority of the radio/television time ...

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HORIST: Are the #NeverTrump folks really willing to destroy America?

Not long ago, I wrote a piece headlined “Please stop making me defend Donald Trump.”  I maintain a rather objective view of Trump (believe it or not) and have leveled my criticism of his pugnacious and erratic personality – and even my opposition to some policies, such as permanent tariffs.  This type of objectivity is not good enough for the ...

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$716 Billion Defense Bill Passed by Senate

On Monday, a $716 million defense bill passed in Senate with an 85-10 vote from lawmakers. The fiscal 2019 National Defense Authorization Act, H.R. 5515 (115) increases the budget so the military can acquire more warships, fighter jets, and troops. It also includes a large 2.6 percent pay raise for troops. “The wide-ranging legislation includes roughly $716 billion in spending, ...

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FED Under Pressure to Balance the Economy

There have been only two times in the last 50 years that unemployment has gone below its current level at 3.8 percent. In the late 1960’s and for a month in 2000. The latter was a blip due largely to the dot com bubble bust. The 1960’s led to over a decade of soaring inflation, culminating with the stagflation of ...

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The Fed is in a No-Win Situation

When the Fed raised rates on Wednesday and changed its outlook to include two more rate hikes for 2018, the decision was met with some concern. The market sold off after the decision and statement as investors feared the rate hikes could be too much and the possibility that the action would cause the yield curve to invert. While those ...

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HORIST: Post-,Pre-summits Reports

First, let’s look at what happened – and did not happen – in Quebec.  The failure of the summit was foreshadowed by three events – although the media could only see two. The most significant event was President Trump’s announcement of planned tariffs on a number of nations that are traditionally thought of as allies – and they are.  On ...

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Trump Trade Policies Creating Stronger Alliances Overseas and Weakening Some Domestically

President Trump has continued his goal of reshaping international trade agreements and he has stepped up his proposed tariffs in order to get cooperation from other countries. The most recent targets have been some of America’s biggest allies—Canada, Mexico and the European Union. The Trump plan does seem to be creating some cooperation abroad, but not cooperation with the U.S., ...

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