World Trade

Trump Team Will Not Attend Davos: "Would Betray Populist-Fueled Movement"

Trump won’t send an official representative to next week's globalization summit in Davos because, as Bloomberg reports citing a senior member of Trump’s transition team: "the president-elect thought it would betray his populist-fueled movement to have a presence at the high-powered annual gathering in the Swiss Alps."

Hoover's Folly

It is premature to make investment decisions based on rhetoric and threats. It is also possible that much of this bluster could simply be the opening bid in what is a peaceful renegotiation of global trade agreements. Regardless, we must pay close attention as trade conflicts and their consequences can escalate quickly.

China Threatens Trump With "Big Sticks" If He Wages A Trade War

"There are flowers around the gate of China’s Ministry of Commerce, but there are also big sticks hidden inside the door -- they both await Americans," the Communist Party’s Global Times newspaper wrote in an editorial Thursday in response to Trump’s plans to nominate anti-China lawyer Robert Lighthizer as his trade rep.

Kunstler: 2017 Is When The Wheels Finally Come Off

The American people have been punked by their own government and their central bank, the Federal Reserve, for years and the jig is now up. In 2017 both will lose their authority and legitimacy, a very grave matter for the survival of this republic.

These Are The Most Expensive Zip Codes In America

Sagaponack’s 11962 (in the Hamptons) and Atherton’s 94027 retain their top positions as the most expensive ZIPs in the country, despite seeing a considerable drop in median sale prices, but California isn't getting any cheaper! Out of the 100 priciest ZIP codes, an impressive total of 72 are located in CA. NY trails behind, with a total of 21 ZIP codes, half of which are located in New York City.

Only One Step Away From A Global Trade War

Isolated trade-war hot spots that are starting to smolder in different parts of the world could quickly converge into a single major, global, trade-war conflagration.