tariff

Blog

A Hard Rain's a-Gonna Fall

The prospects for the rest of the year are awful
Friday, June 15, 2018, 6:55 PM

As the Federal Reserve kicked off its second round of quantitative easing in aftermath of the Great Financial Crisis, hedge fund manager David Tepper predicted that nearly all assets would rise tremendously in response. 

History proved Tepper right: financial and other risk assets have shot the moon. Equities have long since rocketed past their pre-crisis highs, bonds continued rising as interest rates stayed at historic lows, and many real estate markets are now back in bubble territory. 

And everyone learned to love the 'Fed put' and stop worrying.

But as King Louis XV and Bob Dylan both warned us, what's coming next will change everything. » Read more

Podcast

Dreamstime

Doug Duncan: Even US Government Economists Predict Trouble Ahead

Fannie Mae forecasts an economic slowdown by 2019
Monday, April 16, 2018, 11:53 AM

Doug Duncan is not your average beltway economist.

The chief economist for Fannie Mae is surprisingly outspoken about the troublesome outlook for the US economy. He's worried about the rising cost of debt service as outstanding credit continues to mount at the same time interest rates are starting to ratchet higher, too. » Read more

Insider

Off The Cuff: The High Cost Of 'Free' Trade

Corporate cartels win, the public gets shafted
Thursday, March 15, 2018, 10:55 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Funky Market Movement
    • A "bear pendant" in the making?
  • The False Claim Of Free Trade
    • Corporate cartels win, the public gets shafted
  • Media Mendacity
    • Google/Facebook increasingly censoring the content we see
  • Money Velocity Is Slowing
    • And tarrffs will only make things worse

Charles explains how the benefits of "free trade" that we've been sold over the past decades have been lopsided in the extreme.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

Axios visuals

Trade Wars!

These could de-stabilize global markets very quickly
Wednesday, March 7, 2018, 7:43 PM

President Trump wants American jobs and factories to return. He cites some pretty grueling and relatively accurate statistics in support of his position. And it's looking like we can safely bet that Trump is planning to increase tariffs on many more products than steel and aluminum. 

He has also tweeted previously that a trade war would be “good” and “easy to win.” 

But whether tariffs or a trade war could reverse those statistics, or possibly make them even worse, is another matter entirely. » Read more