August 17, 2019

Beware of Rate-cut Fever

Much has been written about the need for the Federal Reserve to lower interest rates, even beyond the July cut, the first one in eleven years.  Indeed, the latest escalation of trade tensions with China and its concomitant currency depreciation ...

June 10, 2018

A Protracted Trade War? Not Necessarily

President Trump aims to significantly reduce bilateral U.S. trade deficits with the E.U., Asia, Mexico, and Canada principally through reducing tariffs on U.S. exports.  To achieve this, he is prepared to impose a series of retaliatory tari...