World

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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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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Italy to be Defined by Elections and Market Volatility

Fear ruled the day Monday on our Memorial Day holiday, and when fear is present, the financial markets are upset. It was Italy this time. Political unrest and the discussion of leaving the European Union are the main cause of this defacto move on the euro. In a nutshell, in Italy and many European countries, there are groups that just ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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