Another Suspicious Immigrant

Some Economic Common Sense

Those big tech companies often also work with governments…To trust one and not the other , simply because one is Western and the other Chinese, is nothing but xenophobia and, dare I say, racist. Peter Kammerer, South China Morning Post Columnist As most observers have expected, the US and Chinese stock markets have been rising in anticipation of a US/China...

Danger Ahead — The Export Controls Act Of 2018

The U.S. can believe it's going to suppress and take steps to suppress and contain it, but it's preordained to fail. Parag Khanna, author of forthcoming book The Future Is Asian In the last Dismal Optimist, I took the cautiously optimistic view that Trump would need to make a deal with China in order to get reelected and that this...

Trump Needs a Deal with China

President Xi does not need to get elected. President Trump needs to get reelected. The stock markets will crash further if there is no trade deal with China and Trump will not get reelected. Therefore Trump must make a deal with China. It’s a syllogism. The forecast: Trump will make a deal. If there is a deal, the stock markets will...

Damage American Technology Program

Fosun has a strategy to help everyone live until 121 years old: Technology Headline in South China Morning Post The 90 day “truce” agreed to in the G20 dinner between Presidents Trump and Xi is certainly a plus. The world has been spared, at least for the moment, an acceleration of a destructive trade war between the world’s two largest economies....

Will Economic Sanity Prevail?

If there is a deal , it will be on Trump’s terms, not on Wall Street’s terms…Trump has done an amazing job. He doesn’t need the help of Wall Street, he doesn’t need the help of Goldman Sachs. The mission of these unregistered foreign agents , that’s what they are, is to pressure into some kind of a deal. Peter...
Close up image of the stock market chart

Last Week’s Stock Market Crash – An Advance Warning

The premises of this war {over} the huge bilateral trade deficit with China are very peculiar. The presumption is that the U.S. is better and more efficient than any other country, and if we don’t export more than we import, China must be cheating. Any economist would say that premise is absurd. We live in a multilateral system. When...
Apple's Tim Cook

Taxes are Coming! Taxes are Coming!

Apple prices may increase because of the massive Tariffs we may be imposing on China—but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting! Tweet by US President Donald Trump President Trump, on almost a daily basis, brags...
China Trade War

American Constitution Trumped

Once upon a time Americans were very sensitive on the subject of taxation. They even dumped British tea into the Boston Harbor as a protest against British taxes. And the American constitution was written to give an elected Congress the primary power to impose taxes. But over the years, Congress has transferred its power to tax to the president, always...
US and China flag in the form of fists

America The Bully

You f…g Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians? Richard Meddings, Standard Chartered’s Finance Director, said in 2012 America under Donald Trump is emerging as the global bully. Canada, Japan, the United Kingdom, the rest of the EU and for that matter, Mexico – they need to be...
ZTE vs US Department of Commerce

Hurt China — Is That Trump’s Real Goal?

I hope what I’m about to say turns out to be too pessimistic and very wrong. But as an alternative scenario it must be considered. Right now, the smart money says a trade war with China Is not going to happen. Accordingly, Trump is just bargaining for a China more open to American business and exports and an elimination of...
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