Mexico

The Long Run Economics Of Debt Based Stimulus

Attempting to spend a nation to prosperity using borrowed money is not without consequences.  In the short run, an illusion of wealth can be erected.  In the long run, that illusion slips into decay and disrepair.

Mexicans Flood Into Canada As 2017 Border Detentions Surpass All Of 2016

Mexican immigrants are suddenly finding out that, while Canada is happy to host 'tourists' from our Southern neighbor courtesy of relaxed visa requirements that went into effect December 1st, they're not so eager to invite folks looking for work or immigrants without valid identification and/or a criminal record.

These US States Entered A Recession In 2016

Kansas, New Mexico, Oklahoma and Wyoming experienced recessions last year, while others saw milder contractions, including Maine, Montana, North Dakota, Louisiana and West Virginia.

See Where Immigrants Out-Earn US-Born Citizens

Right across the country, households headed by persons born outside the U.S. earn less than households run by native-born Americans. But that wage gap varies widely per state, from close to $20,000 to less than $1,000. And in some places, the gap is even reversed, in favor of the immigrant households.

Trump Releases His First Budget Blueprint: Here Are The Winners And Losers

Today at 7am, Trump released his  first federal budget blueprint revealing the President's plan to dramatically reduce the size of the government. As previewed last night, the document calls for deep cuts at departments and agencies that would eliminate entire programs and slash the size of the federal workforce. It also proposes a $54 billion increase in defense spending, which the White House says will be offset by the other cuts.

Wall Street Sees Zero Chance Trump's Budget Passes

The priorities outlined in the Trump budget weren’t a surprise to anyone who paid attention during the campaign, and those proposals will likely have trouble making it through Congress unscathed, analysts said. Here are some sellside opinions:

Global Stocks Soar To Record Highs On "Dovish" Fed, Dutch Vote

World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signaled no pick-up in the pace of tightening, while the Dutch elections were broadly interpreted as a drop in support for Europe's anti-establishment powers.

The U.S. Border Tax Would Hit Texas Hard

The border tax plan would basically transfer around $1 trillion from the companies importing goods in the big importing states to the less competitive Midwest. And Texas, being one of the top international trading and importing states alongside California, Florida and New York, would likely lose.