World

Trump Administration Continues to Hammer China and Others

The Trump administration continues to hammer China and other countries with tariffs or at least the threat of tariffs. At this point there are three fronts where the President has focused his efforts to change trade: NAFTA, China and Steel. The newest tariffs were announced on Tuesday and they were aimed at China. Specifically on Chinese technology and they could ...

Read More »

Have you met the new Amazon of Africa?

Perhaps many Americans, including myself, have somehow let this $1 billion “first unicorn” in Africa to slip under our radar. The likes of Alibaba and others receive most of the headlines, but Jumia has become Nigeria’s largest online retailer. That is significant for a variety of reasons. To start, Nigeria has Africa’s largest economy, weighing in at $500 billion, of ...

Read More »

Macroeconomics is not a Strength of Turkey’s Erdogan

Feathers were ruffled this week as Turkish President Recep Tayyip Erdogan vowed to take greater control of monetary policy if he wins elections next month. There are two main issues that confront Turkey; money and power. Turkey is a parliamentary republic and the presidency largely ceremonial, but Erdogan won a referendum to increase his powers and abolish the post of ...

Read More »

China, Technology and the Stock Market

It was once said by a writer that socialism cannot produce innovation. Well, maybe I was wrong. In the truest sense of a Marxist economy, which I was referring too, is planned by a central government, with product pricing and means of distribution coordinated as well. However, in modern communist China, a hybrid economy has surfaced that to some degree ...

Read More »

HORIST: Does Trump negotiate WITH or LIKE the Asians?

There is a great difference between negotiating WITH Asians and negotiating LIKE Asians. In dealing with both China and North Korea, Trump maybe using the Asian approach to maximum advantage.  It is a distinction worthy of exploring. Having been involved in scores of negotiations with the Chinese – government and business leaders, as well as street vendors – I think I ...

Read More »

President Trump Extends An Olive Branch In Trade Negotiations

The talks of trade tariffs between the United States and other countries, specifically China, have wreaked havoc on global stock markets for the last four months. With the two biggest economies in the world seemingly at odds, who can blame investors for being nervous. On Sunday, President Trump extended an olive branch to China ahead of the second round of ...

Read More »

Oil Rises as Trump Exits Iran Nuke Deal

On the surface you would think this is a deal about Iran and its proliferation of nuclear weapons. Yes, it is, but the immediate impact is being felt in the oil markets as the world reacts to President Trump pulling out of the Iranian nuclear deal. West Texas Intermediate oil rose as much as 3.1 percent to $71.17 a barrel ...

Read More »

Chinese President Celebrates Karl Marx

Karl Marx is “the greatest thinker of modern times,” said Chinese President Xi Jinping Friday during a speech in Beijing. The speech was part of a week-long program honoring the 200th anniversary of German philosopher Karl Marx’s birth in 1818. “Writing Marxism onto the flag of the Chinese Communist Party was totally correct,” said Xi, who recently celebrated the 170th ...

Read More »

Made in China

“Study the past, if you would divine the future.” – Confucius It may have been first said by Confucius, uttered by the great Spanish philosopher George Santayana, and written about by the likes of Gibbon in The Decline and Fall of the Roman Empire. If you do not know history, you are doomed to repeat it. In the context of ...

Read More »

Trump is Open to Rejoining the TPP, Only If a Better Deal is Negotiated

Last year, the Trump administration withdrew from the Trans-Pacific Partnership (TPP), but is now signaling officials to explore rejoining if only a “substantially better” deal is negotiated.    “Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama. We already have BILATERAL deals with six of the eleven nations in TPP, and are working to ...

Read More »