News
The Unexpected Winner of Rising American Tariffs
3+ hour, 37+ min ago (706+ words) When President Trump began raising tariffs earlier this year, government officials and economists feared Mexico's export-led economy would take a devastating hit. Instead, Mexican exports to the U.S. have grown," the Wall Street Journal reports. Because Mexico's ultimate tariff rate ended…...
Small Business Says Inflation Is Biggest Challenge
2+ week, 3+ day ago (639+ words) Forty-five percent of small-business owners in the U.S. said inflation was their biggest challenge, according to a survey by the Chamber of Commerce, Axios reports. Paul Krugman: "Trump would be in much better political shape right now if he had basically…...
How the U.S. Economy Has Defied Doomsday Predictions
1+ mon, 3+ week ago (778+ words) When President Trump announced sweeping tariffs in April, economists predicted surging inflation and raised the odds of a recession. Companies and consumers stockpiled to get ahead of price rises. Those worries now seem overblown," the Wall Street Journal reports. Inflation,…...
Fiscal Crises Loom Around the World
2+ mon, 1+ week ago (706+ words) The magic of borrowing, though, comes with a temptation'one that David Hume and Alexander Hamilton worried about in the late 18th century. If a country is sufficiently creditworthy to cover its existing debts, it is in a position to borrow more....
Small Business Confidence Hits New High
3+ mon, 3+ day ago (637+ words) An index that measures the confidence of small-business owners surged to its highest level since 2017," Axios reports. The index, published by the U.S. Chamber of Commerce on Wednesday, is somewhat surprising given that other indicators are showing the labor market is…...
U.S. Manufacturing Contracts for 6th Straight Month
3+ mon, 3+ week ago (647+ words) U.S. manufacturing contracted for a sixth straight month in August as factories dealt with the fallout from the Trump administration's import tariffs, with some manufacturers describing the current business environment as "much worse than the Great Recession," Reuters reports. Jonathan Chait:…...
The Emperor’s New Trade Deal
4+ mon, 2+ week ago (827+ words) Paul Krugman: "On Tuesday Donald Trump went on CNBC to explain why the European Union is facing a tariff of "only" 15 percent. But what he said was simply delusional " and the delusion should be even more concerning than the tariffs....
Economic Fears of Investors Are Here
4+ mon, 3+ week ago (726+ words) For months, the U.S. economy appeared to be weathering the disruptive effects of President Donald Trump's trade and immigration policies," the Washington Post reports. But over the course of 72 hours, that sunny outlook darkened, as the latest government data this week…...
Bond Traders Boost Bearish Bets
5+ mon, 1+ week ago (705+ words) A bearish tone is taking hold in the Treasury market amid worries over the risk of tariff-fueled inflation and increased government spending in some of the world's biggest economies," Bloomberg reports. The 30-year Treasury yield climbed above 5% for the first…...
Plunging Dollar Hurts American Travelers
5+ mon, 1+ week ago (729+ words) American tourists have grown accustomed to their dollars traveling well, too. This summer, they are getting a wake-up call," the Wall Street Journal reports. The ICE U.S. Dollar Index, which compares the U.S. currency to a basket of six others, just posted…...