There's no rhyme or reason, let alone any kind of strategic thinking, behind any of Donald Trump's economic policies. Republican strategist, and MSNBC commentator, Steve Schmidt sees it and wants everyone to know there's really not much thinking going into Trump's trade and market policies ...
Below are some of the stories and links that Donald Trump and his supporters should be paying attention to when it comes to understanding what's happening in our markets. My guess is that apart from being clueless as to how modern markets work, our bankruptcy addled president is also overwhelmed by the complexity and nuance of economic concepts in general.
Seriously, what Trump is doing today is not good for America, and will have significant side effects in the years to come.
What's presented below are a group of readings that address topics we should all be concerned about as long as Donald Trump is in the White House. What a mess ...
THE TARIFF STUPIDITY
White House unveils tariffs on 1,300 products (NY Times).
Trump slaps tariffs on imported solar panels and washing machines (NPR).
U.S. tariff on solar panels is 'job destroyer,' says Joseph Stiglitz (CNBC).
Trump's tax on solar power. Here's what you need to know (Rolling Stone).
Stocks slip as tariff talks intensify (WSJ).
Trump's trade war will punish Trump country worst of all (Salon).
THIS IS HOW BAD IT IS; THEY REALLY DON'T HAVE A CLUE ...
Trump reportedly treats Fox News hosts as significant policy and legal advisors (The Week).
Trump's new economic advisor is really bad at economics. Here are the receipts (Think Progress).
Trump administration rejects study showing positive impact of refugees (NY Times).
THE TRUMP EFFECT IN REAL TIME
Stocks' second-quarter start is the worst since the Great Depression (Bloomberg).
The 1% grabbed 82% of all the wealth created in 2017 (CNN / Money).
America's 'retail apocalypse' is really just beginning (Bloomberg).
Under Trump, U.S. jobs are moving overseas faster than before (Quartz).
BASIC STUFF THEY SHOULD UNDERSTAND, BUT DON'T
New Fed chair doesn't understand why student debt can't be discharged in bankruptcy (Market Watch).
How Amazon's relationship with the post office really works (Bloomberg).
Citigroup drove Puerto Rico into debt. Now it will profit from privatization on the island (The Intercept).
MISCELLANEOUS
The U.S. wants back in the TPP? Good luck with that (Foreign Policy).
China taking the long road to solve the petro-yuan puzzle (Asia Times).
Donald Trump's many business failures, explained (Newsweek).
Amazon has lots of company as Trump slams 'stupid' businesses (NY Times).
- Mark
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Below are some of the stories and links that Donald Trump and his supporters should be paying attention to when it comes to understanding what's happening in our markets. My guess is that apart from being clueless as to how modern markets work, our bankruptcy addled president is also overwhelmed by the complexity and nuance of economic concepts in general.
Seriously, what Trump is doing today is not good for America, and will have significant side effects in the years to come.
What's presented below are a group of readings that address topics we should all be concerned about as long as Donald Trump is in the White House. What a mess ...
****************
THE TARIFF STUPIDITY
White House unveils tariffs on 1,300 products (NY Times).
Trump slaps tariffs on imported solar panels and washing machines (NPR).
U.S. tariff on solar panels is 'job destroyer,' says Joseph Stiglitz (CNBC).
Trump's tax on solar power. Here's what you need to know (Rolling Stone).
Stocks slip as tariff talks intensify (WSJ).
Trump's trade war will punish Trump country worst of all (Salon).
THIS IS HOW BAD IT IS; THEY REALLY DON'T HAVE A CLUE ...
Trump reportedly treats Fox News hosts as significant policy and legal advisors (The Week).
Trump's new economic advisor is really bad at economics. Here are the receipts (Think Progress).
Trump administration rejects study showing positive impact of refugees (NY Times).
THE TRUMP EFFECT IN REAL TIME
Stocks' second-quarter start is the worst since the Great Depression (Bloomberg).
The 1% grabbed 82% of all the wealth created in 2017 (CNN / Money).
America's 'retail apocalypse' is really just beginning (Bloomberg).
Under Trump, U.S. jobs are moving overseas faster than before (Quartz).
BASIC STUFF THEY SHOULD UNDERSTAND, BUT DON'T
New Fed chair doesn't understand why student debt can't be discharged in bankruptcy (Market Watch).
How Amazon's relationship with the post office really works (Bloomberg).
Citigroup drove Puerto Rico into debt. Now it will profit from privatization on the island (The Intercept).
MISCELLANEOUS
The U.S. wants back in the TPP? Good luck with that (Foreign Policy).
China taking the long road to solve the petro-yuan puzzle (Asia Times).
Donald Trump's many business failures, explained (Newsweek).
Amazon has lots of company as Trump slams 'stupid' businesses (NY Times).
- Mark
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