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The Ant and the Grasshopper: A Window into Macro Part II

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Regardless of the dollar’s role and function in the world economy and the halls of finance, in the near and intermediate terms, investors and businesses are more concerned with foreign exchange prices.  The greenback has fallen out of favor. Its main supports, like wide interest rate differentials, favorable growth differentials, and political certainty if not stability, …

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US Trade Policy: The Troika’s Path is Cleared

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The Trump Administration’s trade policy intentions have been clear, and the resignation of Cohn removes a distraction and a fifth column globalist from its midst. The path for the heterodox trade Troika of Navarro, Ross, and Lighthizer is clear.   When White House Communications Direct Hope Hiks left the Administration, some pundit quipped that there was …

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