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Tag Archives: Breitbart.com

Making News: Quoted on a Navarro Hit Piece and China Political Meddling

05 Saturday Sep 2020

Posted by Alan Tonelson in Uncategorized

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Breitbart.com, Cato Institute, China, election 2020, elections, Mainstream Media, Making News, Peter Navarro, Ted Galen Carpenter, The American Conservative, The National Interest, The Washington Post, Trump

I’m pleased to announce that my views were cited in two major media articles last week.

The first was a Breitbart.com article examining a Washington Post piece on Trump trade and manufacturing adviser Peter Navarro that I dismissed as a by-now-standard Mainstream Media hatchet job.  Here’s the link.

The second was a post in The National Interest by the Cato Institute’s Ted Galen Carpenter (full disclosure – a close personal friend).  It mentions my American Conservative article on China’s widespread and thoroughly under-reported efforts to interfere in U.S. elections and broader politics. Click here to read.

And keep checking in with RealityChek for news of upcoming media appearances and other developments.

 

Making News: National Media Cites on the Virus Vaccine Drive and the Stimulus Package Wrangle

03 Monday Aug 2020

Posted by Alan Tonelson in Making News

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Breitbart.com, CCP Virus, coronavirus, COVID 19, Heather Long, industrial policy, John Binder, Making News, pharmaceuticals, Seattle Times, stimulus package, The Washington Post, vaccines, Wuhan virus

I’m pleased to announce that my views on two major economic policy issues have just been featured in two leading national news publications.

In his report yesterday on the U.S. government’s efforts to help pharmaceutical companies develop a CCP Virus vaccine, Breitbart.com‘s John Binder included remarks of mine providing perspective on the latest example of what economists call “industrial policy” – team-ups between the public and private sectors to generate technological progress and ensure future U.S. prosperity.  Click here to read the article.

Moreover, last Thursday’s Washington Post piece on the debate over the next U.S. economic stimulus package contained a quote from me urging the Trump administration and Congress to “go big.”  Here’s the link.  The article, by the Post‘s Heather Long, was also reprinted in the Seattle Times on Saturday.

And keep checking in with RealityChek for news of upcoming media appearances and other developments.

 

Making News: Economy Views Quoted in The Guardian & on Breitbart!

02 Thursday Jul 2020

Posted by Alan Tonelson in Uncategorized

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Breitbart.com, Jobs, jobs report, John Carney, manufacturing, NFP, The Guardian

I’m pleased to announce two recent media appearances.  The first came on June 23, when the United Kingdom’s The Guardian newspaper’s survey of “What the experts” were saying about some major reports on manufacturing featured a tweet of mine on the subject.  Here’s the link.

The second came this morning, when Breitbart.com‘s John Carney spotlighted my views on the monthly U.S. jobs figures (for June) that were released today.  Click on this link to read.

And keep checking in with RealityChek for news of upcoming media appearances and other developments

 

(What’s Left of) Our Economy: When Industries Disappear

30 Monday Mar 2020

Posted by Alan Tonelson in (What's Left of) Our Economy

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apparel, big government, Breitbart.com, conservatves, embroidery, Frances Martel, Immigration, labor unions, manufacturing, New Jersey, skills, textiles, Union City, unions, {What's Left of) Our Economy

Until I read Frances Martel’s “Hanging by a Thread,” I used to think of Union City as little more than one of those bleak-looking smallish northern New Jersey municipalities the Amtrak trains pass through on their way between New York City and points south.  How wrong I was!  And for such wide-ranging policy and political reasons!  

Not that you can’t simply enjoy her long feature for Breitbart.com for the fascinating descriptions of what makes her hometown special geologically (e.g., it sits on lots of Manhattan bedrock-like granite, good for supporting factories with heavy machines and multistory housing) and demographically (because it developed fairly late in the 19th century, its population was always dominated by immigrants).

Clearly important as well is Martel’s main theme – how manufacturing built solid prosperity for Union City from the get-go, and how its demise, due to developments like (but not restricted to) offshoring-obsessed U.S. trade policies helped bring punishingly hard times. (Full disclosure: Martel interviewed me for the article, and quoted me quite generously.)

But if you’re thinking this is only an article for trade and/or manufacturing mavens, or for New Jersey history aficionadoes, you’re sorely mistaken. For along the way, “Hanging by a Thread” offers important insights into how these closely related subjects profoundly affect many of the nation’s other major issues and challenges.

For example, Martel offers a novel twist on the notion that the United States welcomed so many immigrants so consistently (though not always) from the mid-19th century onwards in particular because of its urgent need for unskilled labor. No doubt most of the newcomers were poorly educated. But as “Hanging” makes clear, industry during this period used lots of complicated machinery, including the embroidery sector that became concentrated in Union City.

As Union City’s official historian told Martel, many of its first immigrants came from Germany, Switzerland, Austria, and other parts of Europe with major textile industries, and brought with them extensive experience working with such devices that employers clearly found valuable.

Since skills (of different kinds, of course) remain so crucial to economic success today, Union City’s past raises the question of whether – as Open Borders advocates seem to believe – the United States today should indiscriminately welcome immigrants regardless of skill levels and gainful employability.

Two other messages coming through loud and clear from Martel’s research and analysis are especially important for conservatives to heed. The first has to do with unions. Martel’s parents were hard-line anti-communists who fled Castro’s Cuba, and her mother worked in apparel. The author explains that these arrangements were seen as “a critical part of the factory ecosystem.” The following exchange, with her mother speaking first, makes the point vividly:

“‘I have always had a good union. It works, I think. It works to have a union because without a union, in a private place, you’re screwed,’ she told me.

“‘You don’t feel that there is a conflict between that and being a capitalist?’” I asked…..

“‘No. What? Being a capitalist? No,’ she replied, with confusion. ‘No, that has nothing to do with socialism, it’s just so that the worker has someone to defend them. If you don’t have a job, they can fire you whenever. That’s not fair. To throw you out for no reason, it’s unfair ifyou are working well.’”

Martel’s second message for conservatives actually echoes a point I’ve made before (e.g., here): The more enthusiastically traditional free trade policies are pursued by American leaders, the bigger government’s going to get. But as Martel makes clear, these approaches to the global economy are bound to generate needs that far exceed the kinds of welfare state benefits (ranging from income support to heavily subsidized healthcare) used to keep living standards above third world levels (or at least try to do so).

As the Union City example shows, relentless globalization can also turbocharge government’s role in economic development itself. The author explains that, since 2000, Union City Mayor Bob Stack (a big-city machine politician if ever there was one)

“took the reins on the eve of the guillotine falling on embroidery and has taken to meticulously rebuilding the identity of the city. He tore down Roosevelt Stadium, the sports venue at the heart of the city, to build a new Union City High School – with a stadium on the roof. Union City previously boasted two high schools, one for Union Hill and one for West Hoboken, that Stack turned into middle schools. He built parks in honor of the city’s Cuban, Colombian, and Dominican populations, and an ‘International Park.’ Seemingly every other street has a water park open in the summer for children to play in – the biggest, Firefighters’ Memorial Park, boasts an Olympic-sized swimming pool. His administration also refurbished the downtown library into the Musto Cultural Center and built its replacement, the library at José Martí Middle School (which his administration also built), in the shadow of what was once St. Michael’s monastery, an imposing Catholic historic site that now houses a Korean Presbyterian congregation.”

In other words, Union City realistically recognized the choices before it, and rejected “the option much of the Rust Belt took: do nothing, abandon ship, hope the invisible hand swoops in before you hit the concrete.” As a result (and also because of its proximity to New York City), it’s more than avoided the ghost town fates of counterparts like Gary, Indiana, Youngstown, Ohio, and Detroit, Michigan.

Making News: Appearances on IndustryToday.com, in The Epoch Times…& More!

21 Friday Feb 2020

Posted by Alan Tonelson in Making News

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Barack Obama, Breitbart News Tonight, Breitbart.com, IndustryToday.com, John Carney, Making News, The Epoch Times, Tom Ozimek, Trade, Trump, White House Council of Economic Advisers

I’m pleased to announce some new media appearances over the last week or so.

Just today, IndustryToday.com reprinted this morning’s report on the U.S. economy’s biggest exporters and importers for 2019, and how these results compare with that of 2016, the last year of the Obama administration – which not so coincidentally was also the last year of the U.S. trade policies that President Trump is seeking to overhaul.  Here’s the link.

Yesterday, Tom Ozimek of The Epoch Times quoted my views on the latest annual report of the White House Council of Economic Advisers – and on how the Trump economy has differed so far from the Obama economy.  You can read his piece here.

On February 12, Tom devoted an entire article to my first analysis of the final 2019 full-year U.S. trade figures.  Click on this link to read.

This past Wedensday night, I was interviewed on Breitbart News Tonight on Sirius XM Patriot radio on the impact of the coronavirus on the Chinese, U.S., and global economies.  To listen, click here, and then scroll down till you see my name for a February 19 segment.

On Valentine’s Day, Breitbart.com‘s John Carney cited my explanation for some of American manufacturing’s output performance in January.  Here’s the link.

And keep checking in with RealityChek for news of upcoming media appearances and other developments.

Making News: A Washington Post Cite on Manufacturing, China Trade Deal Interviews…& More!

18 Saturday Jan 2020

Posted by Alan Tonelson in Making News

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Breitbart.com, China, Heather Long, i24News, John Carney, Making News, manufacturing, Market Wrap with Moe Ansari, Phase One, tariffs, trade deal, Trump, Washington Post

I’m pleased to report that I got quoted in this morning’s Washington Post on the new Federal Reserve industrial production figures (released yesterday).  Reporter Heather Long mentioned my observation that U.S. domestic manufacturing’s recent recession seems to be over.  She could have also noted the evidence I’d presented indicating that this slump never even happened, but what the heck.

Also yesterday, I was interviewed on “Market Wrap with Moe Ansari” on the new trade deal President Trump has signed with China.  You can listen to the podcast at this link;  my segment begins just after the 27-minute mark.

That same day, Breitbart.com‘s John Carney gave me a very nice shout-out in his very important piece noting new research showing that he (and I) have been right all along about the Trump trade wars having minimal-at-best effects on prices for consumer goods.  Incidentally, Post reporter Heather Long also deserves much credit for first reporting these academic findings.  Read the piece here.

On Thursday night, the U.S.-Israeli TV network i24News also interviewed me on that “Phase One” China trade deal.  To watch the interview, click here and download the file.  As usual with i24News, be sure to download the link within a week, because after that, your freebie access will be gond.

And keep checking in with RealityChek for news of upcoming media appearances and other developments.

 

Making News: Talking China Trade Deal with Jersey Joe, John Batchelor…& More!

16 Thursday Jan 2020

Posted by Alan Tonelson in Uncategorized

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AlphaWeek.com, America First, Breitbart News Tonight, Breitbart.com, China, economic nationalism, energy, enforcement, Gordon G. Chang, IndustryToday.com, Jersey Joe, Joe Piscopo, John Carney, Making News, Middle East, Phase One, Populism, RealVision.com, tariffs, The Epoch Times, The Joe Piscopo Show, The John Batchelor Show, trade deal, trade deficit, Trump

I’m pleased to announce that I was interviewed this morning on the new U.S.-China trade deal on “The Joe Piscopo Show” on New York City’s AM 970 The Answer radio station.  Sorry that I could only give limited advance notice, but the podcast is on-line already!  Special bonus:  Jersey Joe and I also dealt with the Major League Baseball cheating scandal, too!

In addition last night, I was back on John Batchelor’s nationally syndicated radio program to discuss the so-called Phase One agreement with John and co-host Gordon G. Chang.  You can listen to the podcast here.

Tuesday night, I was interviewed on a wide range of foreign and domestic issues on “Breitbart News Tonight.”  Click on this link and scroll down till you see my January 14 segment.

The Breitbart.com folks were also kind enough to write up some portions of this segment in website items here and here.

On Tuesday, meanwhile, Breitbart‘s excellent economics and finance editor John Carney quoted me in his detailed analysis of the latest U.S. government report on consumer prices – which reveals whether the Trump trade wars have sparked any meaningful inflation.  You can read it at this link.  (Spoiler alert for everyone who hasn’t been paying attention to RealityChek‘s own coverage of this issue:  They haven’t.)

Meanwhile, The Epoch Times has quoted my views recently on energy security and what it means for America’s policy in the hopelessly dysfunctional Middle East, and on the progress made in reducing the U.S. the trade deficit.

On January 6, IndustryToday.com re-published – at this link – my recent blog post on the latest data undermining the claim that President Trump has betrayed his working class and middle class voters.  (Another spoiler alert:  These data indicate that he hasn’t.)

Finally, on January 2, the popular finance website AlphaWeek.com posted the video of my December RealVision.com interview on the virtues of an America First approach to U.S. foreign and trade policy – and whether Mr. Trump’s measures fit the bill.  Catch it here.

And keep checking in with RealityChek for news of upcoming media appearances and other developments.

 

 

 

Making News: Updating the Trade Wars on National Radio Tonight, a Major Video Interview Now On-Line…& More!

18 Wednesday Dec 2019

Posted by Alan Tonelson in Making News

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America First, Breitbart.com, Edward Harrison, Federal Reserve, foreign policy, Gordon G. Chang, IndustryToday.com, inflation-adjusted output, John Carney, Making News, manufacturing, Phase One, RealVision.com, The John Batchelor Show, Trade, trade war, Trump

I’m pleased to announce that I’m scheduled to be returning to John Batchelor’s nationally syndicated radio show tonight to help John and co-host Gordon G. Chang figure out where the U.S.-China trade conflict stands after the “Phase One” deal announced recently.  The segment is slated to begin at 10 PM EST, and you can listen live on-line here for what’s sure to be a great discussion and look forward.

In addition, on December 16, John Carney of Breitbart.com quoted from my critical assessment of the agreement in his own (more positive) examination of Phase One.  Here’s the link.

In early December, I recorded a lengthy interview with Edward Harrison of the RealVision.com financial news network on whether or not President Trump is carrying out “America First”-style trade and foreign policies, and why they’re necessary.  Click here to watch.

Finally, yesterday, IndustryToday.com reposted my report on the Federal Reserve’s November manufacturing production figures.  You can see it at this link.

And keep checking in with RealityChek for news of upcoming media appearances and other developments.

(What’s Left of) Our Economy: The New York Fed’s Unseemly Rush to Judgment on Trump’s China Tariffs

26 Tuesday Nov 2019

Posted by Alan Tonelson in (What's Left of) Our Economy

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Breitbart.com, China, consumers, deadweight loss, importers, John Carney, multinational companies, New York Fed, supply chain, tariffs, Trade, trade war, Trump, {What's Left of) Our Economy

When a senior researcher from the New York branch of the Federal Reserve System and two academic colleagues came out in May with a blog post on the Bank’s website reporting on who really pays the cost of President Trump’s tariffs on huge amounts of U.S. imports from China, they were hardly short of confidence in their answer. And Mr. Trump’s critics eagerly jumped on the emphatic contention that the main victims of the China trade war would be American households, who would get hit with a triple whammy.

Higher consumer prices could result from (1) the levies themselves simply being on to American customers by importers, (2) businesses switching from selling Chinese products to selling more expensive but non-tariff-ed foreign counterparts, and (3) businesses substituting more expensive domestic counterparts for the tariff-ed Chinese goods.

John Carney of Breitbart.com has both done a terrific job of explaining the gaping holes and other flaws in that first New York Fed post (in this piece about the longer work on which it was based), and of reporting that yesterday, the Bank published a follow-on post (by a different team of authors but also bearing the imprimateur of the New York Fed’s Research and Statistics Group) implicitly admitting many of the initial effort’s weaknesses.

Rather than me reproducing or summarizing John’s work (which you can read at the above links), I’d like to try adding some value – by using it and the New York Fed’s own material to show what an unseemly rush to judgment the initial study represented in a clear effort to slime the Trump tariff policies.

Here’s the unequivocal conclusion of that first New York Fed post:

“Studies, including our own, have found that the tariffs that the United States imposed in 2018 have had complete passthrough into domestic prices of imports, which means that Chinese exporters did not reduce their prices. Hence, U.S. domestic prices at the border have risen one for-one with the tariffs levied in that year. Our study also found that a 10 percent tariff reduced import demand by 43 percent. ”

On top of these come the losses of businesses switching to non-Chinese suppliers. This supply chain reorganization produces what economists call “deadweight losses” and these New York Fed authors insisted that they arise “regardless of whether consumers switch to more expensive foreign sources or to a more expensive domestic source.”

The total damage to American households, according to the study? An impressive $831 for each American household each year. So much for President Trump’s claim that his trade war is only hurting China, right?

Well, as a used-car company ad has famously said, “Not exactly.” And the evidence comes from the second New York Fed post – which makes clear just how many uncertainties the first team needed to ignore in order to generate its headline-grabbing claim. Among them:

>”Who pays the tariff tax depends on how it is split between lower profit margins (for wholesalers, retailers, and manufacturers) and higher prices for consumers. Estimating this split is difficult since the distribution of any tax increase on profit margins and prices depends on the details of market structure, such as the number and size of competing firms.”

>”Policy efforts since World War II have been focused on lowering trade barriers. As a result, economists don’t have much data from which to glean insights into how firms respond to tariff hikes.”

>”Affiliates of multinational corporations may be leaving reported import prices unchanged for accounting reasons. In doing so, the multinational would be letting higher tariffs reduce the reported profits of its U.S. operation (rather than those of its Chinese operation).”

These cautionary notes are all entirely valid, but they add up to confessing that economists – including at the New York Fed – don’t have much basis for drawing any firm conclusions about the China tariffs’ impact on American consumers at all. As a result, they raise questions about why the first team never mentioned them, and why no one else at the Bank seems to have brought them up before posting, either.

Just as important, the second New York Fed post mentions several major ways in which China’s economy is taking major body blows from the trade war:

>Chinese entities with narrow profit margins may not be able to lower them further in order to prevent the prices they charge from increasing due to U.S. tariffs, and therefore “may be dropping out of the U.S. market.”

>Many Chinese entities have taken advantage of the post-tariff devaluation of China’s currency and have been able to accept this “loss in competitiveness” in the U.S. market by padding profits on their sales – which should strike everyone as awfully gimmicky.  (The latter point is my own conclusion.)

>China has indeed lost market share in the United States, including in sectors that the Chinese government has sought at great expense to promote – like machinery and electronics.

Because the New York Fed is, well, the New York Fed, and its studies are supposed to represent the gold standard of economic research, Googling that first study with “‘New York Fed’ China tariffs consumers May” produces some 79,000 results. It’s true that some of these mention the second study, too – and even note the costs to China. But I can’t help but share Carney’s concern that the first report’s troubling shortcomings won’t attract remotely as much attention.

Making News: Back on CNBC this Afternoon, Piscopo & Breitbart Podcasts…& More!

14 Monday Oct 2019

Posted by Alan Tonelson in Making News

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AM 970 The Answer, Breitbart News Tonight, Breitbart.com, China, CNBC, Making News, Paul M. Krugman, Phase One, tariffs, The Joe Piscopo Show, Trade, trade war

I’m pleased to announce that I’m scheduled to return to CNBC this afternoon to comment on latest, fast-moving developments surrounding the U.S.-China trade talks and the “Phase One” deal announced last Friday.  The segment is slated to begin at 2 PM EST and, as usual, if you can’t tune in, I’ll post a link to the streaming video as soon as one become available.

In addition, the podcasts of my two Friday radio interviews on the trade talks and “mini-deal” are now on-line.  For my appearance Friday morning on “The Joe Piscopo Show” on New York City’s AM 970 The Answer, click here and scroll down till you see my name.  My segment comes on at about the 22:30 mark.

And here’s the link for my interview on “Breitbart News Tonight.”  Again, scroll down till you see my name.

Moreover, Breitbart.com yesterday posted a piece featuring my comments on a jaw-dropping confession from Nobel Prize-winning economist and New York Times columnist Paul M. Krugman.  He’s now saying that he and his free-trading colleagues have been totally wrong for decades on the question of how globalization has impacted the U.S. economy and its manufacturing sector.  Since Krugman and I have crossed swords in print before, you can count on hearing more from me on this subject before too long.

And keep checking in with RealityChek for news of upcoming media appearances and other developments.

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Blogs I Follow

  • Current Thoughts on Trade
  • Protecting U.S. Workers
  • Marc to Market
  • Alastair Winter
  • Smaulgld
  • Reclaim the American Dream
  • Mickey Kaus
  • David Stockman's Contra Corner
  • Washington Decoded
  • Upon Closer inspection
  • Keep America At Work
  • Sober Look
  • Credit Writedowns
  • GubbmintCheese
  • VoxEU.org: Recent Articles
  • Michael Pettis' CHINA FINANCIAL MARKETS
  • New Economic Populist
  • George Magnus

(What’s Left Of) Our Economy

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

Our So-Called Foreign Policy

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

Im-Politic

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

Signs of the Apocalypse

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

The Brighter Side

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

Those Stubborn Facts

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

The Snide World of Sports

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

Guest Posts

  • (What's Left of) Our Economy
  • Following Up
  • Glad I Didn't Say That!
  • Golden Oldies
  • Guest Posts
  • Housekeeping
  • Housekeeping
  • Im-Politic
  • In the News
  • Making News
  • Our So-Called Foreign Policy
  • The Snide World of Sports
  • Those Stubborn Facts
  • Uncategorized

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Current Thoughts on Trade

Terence P. Stewart

Protecting U.S. Workers

Marc to Market

So Much Nonsense Out There, So Little Time....

Alastair Winter

Chief Economist at Daniel Stewart & Co - Trying to make sense of Global Markets, Macroeconomics & Politics

Smaulgld

Real Estate + Economics + Gold + Silver

Reclaim the American Dream

So Much Nonsense Out There, So Little Time....

Mickey Kaus

Kausfiles

David Stockman's Contra Corner

Washington Decoded

So Much Nonsense Out There, So Little Time....

Upon Closer inspection

Keep America At Work

Sober Look

So Much Nonsense Out There, So Little Time....

Credit Writedowns

Finance, Economics and Markets

GubbmintCheese

So Much Nonsense Out There, So Little Time....

VoxEU.org: Recent Articles

So Much Nonsense Out There, So Little Time....

Michael Pettis' CHINA FINANCIAL MARKETS

New Economic Populist

So Much Nonsense Out There, So Little Time....

George Magnus

So Much Nonsense Out There, So Little Time....

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