Following in the footsteps of Herbert Hoover and George W. Bush, the Trump Administration opened the door to an international trade war by initiating tariffs on steel and aluminum. This follows recent tariffs imposed against washing machines and...
Protectionist storm clouds are on the horizon. As the fifth round of NAFTA negotiations begin without the principal representatives, our trading partners remain far apart on critical issues such as domestic content requirement and sunset provisions...
Our generation’s Great Bull Market began on August 12, 1982 and lasted until January 14, 2000. In eighteen years, the Dow Jones Industrial Average moved from 776.92 to 11,722.98. In this remarkable age, we saw divided government, deregulation, tax...
In the course of civil societies, it often becomes necessary that policies or institutions, having been established by previous generations, face rigorous scrutiny by the public in order to determine their effectiveness. It is especially right when...
The Federal Reserve is our nation’s central bank. It is responsible for many tasks- one of which is establishing targets for the federal funds rate, the rate at which member banks charge each other for overnight loans. In September 2007, the Fed...