Six Months After Liberation Day, All Economic Forecasts About Trump’s Tariffs Were Incorrect
How Economists’ Central Anti-Tariff Predictions Collapsed In a recent analysis, new findings from Jared Bernstein and Daniel Posthumus were discussed, highlighting the significant decline in U.S. manufacturing jobs following what they termed the “China Shock” from 2000 to 2010, which led to the loss of 5.7 million factory jobs. The authors labeled this era as […]
Silver reaches $50 per ounce for the first time due to geopolitical and economic concerns
On Thursday, silver prices surged past $50 an ounce for the first time, fueled by a limited supply and favorable conditions for precious metals in the economy. Spot silver exceeded $50 earlier in the day, even briefly climbing over $51 during the trading session before falling below $49 as trading began. This marks the closest […]
Japanese Yen declines further to around 152.50 due to economic concerns in Japan
USD/JPY Movement and Market Reactions On Thursday morning in Asia, the USD/JPY exchange rate climbed to approximately 152.60, marking its highest point since February. It’s interesting, considering the looming threat of a US government shutdown, yet the US dollar managed to gain some ground against the Japanese yen. Moreover, the release of weekly US jobless […]
Gold Reaches $4,000 for the First Time as Investors Look for Safety Amid Political and Economic Pressures
Gold futures surpassed $4,000 per troy ounce on Tuesday, marking a continued increase driven by Federal Reserve interest rate cuts, a declining dollar, and rising demand from both central banks and investors looking for safety amid ongoing political and market instability. The December contract briefly reached $4,015 before retracting slightly, representing a more than 50% […]
Trump fails to deliver on economic promises as healthcare expenses rise throughout the country
While I may be skeptical of President Donald Trump, I actually find common ground with a significant portion of his supporters. Recent discussions among Republicans in Washington suggest they should rethink attempts to dismantle the Affordable Care Act (ACA), which many believe would unfairly impact millions of people. This perspective comes from polling data by […]
Trump attributes government shutdown to Democrats during a time of significant economic success.
Trump Calls for Government to Reopen Amid Shutdown On Monday evening, former President Donald Trump criticized Democrats for the government shutdown, which he claims is occurring during one of the most prosperous economic times in history. He urged that the government should resume operations without delay. Trump stated, “The Democrats have shut down the US […]
Goolsbee from the Fed cautions about how a shutdown might affect economic data announcements
Impact of Government Shutdowns on Economic Data On Tuesday, Austan Ghoolsby, President of the Federal Reserve Bank of Chicago, indicated that if the anticipated economic data is not released due to potential government shutdowns, the central bank would explore alternative data sources during its meeting in October. A shutdown is set to take place at […]
Most Americans Now Disagree with Economic and Military Aid for Israel
Poll Reveals Shift in American Support for Israel A recent poll by the New York Times and Siena University shows that a significant number of Americans oppose providing economic and military support to Israel. According to the survey, just 19% of registered U.S. voters strongly approve of such aid, while only 20% somewhat support it. […]
Japanese Yen declines slightly due to differing views within the BoJ and disappointing economic figures
Buyers are showing interest in the Japanese Yen despite mixed opinions from the BOJ. However, macroeconomic data and a positive risk environment are not significantly affecting the JPY’s performance. Diverging expectations between the BOJ and the Fed are also complicating the USD/JPY situation. The Japanese Yen (JPY) has seen gains against the weaker US dollar […]
The rise of cargo theft: A growing threat to national and economic security
Cargo Theft in America: A Growing Threat Cargo theft isn’t just a minor issue; it’s becoming a significant threat to both national and economic security in the United States. Having spent nearly two decades in the US Department of Homeland Security, I’ve worked closely with various domestic and international agencies to enhance border and trade […]