Monetarists New Inflation Fears
The Shadow Open Committee (SOMC), which was first founded by Monetarist economists as inflation spiked in the 1970s, celebrated its 50-year anniversary last October. For the monetarists of the 1970s,…
Extend TCJA Tax Cuts?
Key provisions from the Tax Cuts and Jobs Act (TCJA) of 2017 are expected to expire Dec. 31, 2025. Policymakers are projected to preserve a majority of the TCJA provisions,…
Corporate Profits Are High, While Wages Are Near Lows
Deutsche Bank strategist Jim Reid notes in a recent report that U.S. corporate profits, the budget and trade deficits are near historic or, in the case of profits and asset…
Investments and Tariffs
For decades, the U.S. financial system has been regarded as one of the most stable and powerful in the world. Now, there are fears that something unprecedented may be happening…
Winning at Trade?
How do we know if the United States is “winning” at international trade? Most non-economists would probably answer, “The trade deficit!” This mercantilism reasoning suggests that if a country sells…
Target Resets Inventory
Target CEO Brian Cornell, warned that the retailer was sharply revising down its guidance on profits and sales and said it would be canceling orders as consumers reined in their…
The Increasing Importance of South-to-South Trade
The world economy is on a recessionary trajectory as global growth is projected to slow to 2.3% in 2025, the UN Trade and Development (UNCTAD) alerts in its new report…
Impacts of New Tariffs on Fiscal Policy
On April 2, 2025, President Trump signed an executive order imposing a minimum 10 percent tariff on all U.S. imports, with higher tariffs on imports from 57 specific countries. Tariffs…
Stagflation – The Ultimate Doomsday Scenario
The Federal Reserve on Wednesday painted a picture of an economy reshaped dramatically by President Donald Trump and his economic trade policies. It warned that tariffs could significantly dampen the…