BYD Mexico Auto Plant Will Create 10,000 Jobs, No Benefit to the US
Tyler Mitchell The Chinese automaker BYD is setting up shop in Mexico. Let’s discuss the ramifications. The American Journal of…
Is Globalization Dead? Two Views, Brad Setser’s and Mine
Brad Setser challenges the notion that globalization has turned to “slowbalization”. But what are the characteristics of globalization?…
A $5 Meal Deal at McDonalds, Price Wars Also at Starbucks, Walmart, Target
Still more signs of consumer exhaustion are evident in tactics by McDonalds, Starbucks, and other chains’ attempts to…
Marco Rubio Suddenly Emerges on Trump’s Short VP List, Why?
Trump once belittled Rubio as “little Marco”. And Rubio once called Trump a “con artist”. However, the pair…
AI Based Scams Are Convincing, You’re Really Chatting with a Bot
Clumsy scam emails are easy to spot. New AI aided scams are much more convincing. The Wall Street…
Existing Home Sales Drop Slightly But Median Price Hits New Record
Existing-home sales declined 0.7 percent in May. It was the 22nd decline in 28 months. But the median…
Trump’s Plan to Replace the Income Tax with Tariffs is Economic Nonsense
Trump and Biden are each their own worst enemy. This post is about Trump’s latest tariff gaffe. But…
Debt Brakes and Treaty Requirements About to Smash the EU
The EU has launched an Excessive Debt Proceeding against France. It won’t stop there. Debt Proceedings Please note…
Housing Starts and Permits Drop to the Lowest Level in Four Years
Hoot of the day: The Bloomberg Econoday consensus had housing starts and permits both rising. Several charts show…
Are We Building Enough Housing, In the Right Places? Too Much?
If we are not building enough units to handle population growth including illegal immigrants, we are going to…