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Thursday, June 30, 2022

Two Years Later, What Did Trump’s China Tariffs Achieve?

By Paul Donovan, Chief Economist at UBSSummaryIt is over two years since US President Trump imposed taxes on US importers of selected Chinese products.Looking at all the taxed products for which we have data, China has lost about a quarter of its pre-tax market share.  This loss was gradual, spread overseveral months. Mexico,  Taiwan and…

Visualizing 50 Years Of Gaming History, By Revenue Stream (1970-2020)

Every year it feels like the gaming industry sees the same stories—record sales, unfathomable market reach, and questions of how much higher the market can go. We’re already far past the point of gaming being the biggest earning media sector, with an estimated $165 billion revenue generated in 2020. But as Visual Capitalist's Omri Wallach illustrates in the…

Charting 20 Years Of Home Price Changes In Every U.S. City

At the turn of the century, the average U.S. home value was $126,000. Today, that figure is at a record high $259,000 – a 106% increase in just two decades. Of course, as Visual Capitalist's Nick Routley notes, the path from A to B was anything but linear with a financial crisis, housing bubbles in major cities, and now COVID-19,…

‘Iraq War Diaries’ At Ten Years: Truth Remains Treason

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, The purpose of journalism is to uncover truth – especially uncomfortable truth – and to publish it for the benefit of society. In a free society, we must be informed of the criminal acts carried out by governments in the name of the…

After 30 Years, Did The Disabilities Act Work?

Authored by James Bovard via The American Institute for Economic Research, Thirty years ago, President George H.W. Bush signed [7/26/1990] the Americans with Disabilities Act, which was supposed to create a new era of equality and justice. Instead, the ADA often turns disabilities into assets, encouraging far more people to claim to be disabled to…

The Next Ten Years In Oil Markets

Authored by Tsvetana Paraskova via OilPrice.com, An eventful 2019 wraps up a decade of turmoil in oil markets, in which Brent Crude prices fluctuated from as high as US$125 a barrel in 2012 to as low as US$30 per barrel in January 2016.   Geopolitical turmoil, economic growth, soaring U.S. shale production, and OPEC’s various policies to…

The Last 10 Years Have Been “An Unparalled Transfer Of Wealth To The Managerial...

Authored by Ben Hunt via EpsilonTheory.com, Yeah, It's Still Water Back in April, I wrote This Is Water. There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?” And the two young fish swim on…

For The First Time In 25 Years, US Treasury Just Designated China A Currency...

Following the plunge in the yuan overnight, The U.S. Treasury Department on Monday designated China as currency manipulator, a historic move that no White House had exercised since the Clinton administration. “Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator,” the Treasury Department said in a release.…

Two Years Later, Trump Has Failed To Reverse The United States’s Decline

Authored by Dilip Hiro via TomDispatch.com, President Donald Trump was partly voted into office by Americans who felt that the self-proclaimed greatest power on Earth was actually in decline - and they weren’t wrong. Trump is capable of tweeting many things, but none of those tweets will stop that process of decline, nor will a…
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