Donald Trump’s dollar

President Donald Trump’s assertion this week that the “dollar is getting too strong” led to a sharp decline in the value of the greenback. The market’s reaction to Mr. Trump was a reminder that presidents often get the dollar they want. This has us worried Mr. Trump and his Treasury department will pursue a weaker currency… Read more

China’s economic growth to contribute $125b to Australian economy: Expert
CANBERRA — Strong growth of the Chinese economy, coupled with the Reserve Bank of Australia’s (RBA) decision to cut interest rates to record lows, are expected to deliver a AU$165 billion ($125 billion) boost to the Australian economy, according to Deloitte Access Economics. Recently, China reported an annual growth rate of 6.9 percent for the first… Read more

How Harvard Flunked Economics

Close In the aftermath of the 2008 financial crisis, much of the country was enraged because not a single Wall Street hotshot—the guys who got us into the mess—was prosecuted. While there are many financiers who could have been made to take the perp walk, there’s also a case to be made that the fault lies… Read more

World Economic Forum’s Young Global Leaders, Class of 2017

The World Economic Forum is now in its 47th year. It’s famous for its annual summit in Davos attended by luminaries in multiple industries. But It is also known for selecting and bringing together a yearly community of over 800 Young Global Leaders (YGL)—enterprising and socially-minded men and women, all under the age of 40. They… Read more

US Tourism Down After Trump Travel Bans

The U.S. could lose $18 billion from foreign tourists because of President Donald Trump’s proposed travel bans against refugees and people from select Muslim-majority nations. Although both iterations of the travel ban have been challenged in court, the perceived underlying message — foreigners are not welcome — has been disheartening for potential international travelers, according to… Read more

G20 ministers battle to break deadlock on trade

Baden-Baden, Germany (dpa) – Finance ministers from 20 world powers were struggling at talks in Germany on Saturday to find a common position on trade in the face of resistance from the United States. The administration of President Donald Trump is calling for the Group of 20 to drop its long-standing commitment to free trade and… Read more

We Need a Small Group to Steer the World Economy

This article first appeared on the Hoover Institution site. Confusion reigns over the future of our global economy. This is not surprising, given the earthquake election in the world’s largest economy and Donald Trump’s remarkable victory. Trump has a strikingly new and controversial agenda, increasingly comprehensive in its scope. Regulatory policy relief, far-reaching tax reform, an… Read more

US Markets Reach a Historic High Point

It was another historic week for U.S. markets as the Dow Jones Industrial Average closed above 21,000 for the first time, taking only 24 trading sessions to rise from 20,000 to 21,000 — the second-fastest 1,000-point move ever by the index. The S&P 500 closed higher lfor the week, completing a six-week win streak for the… Read more

President Trump complained that the media failed to report the debt decrease – there’s just one problem

On Saturday morning, President Donald Trump took to Twitter to lambast the media for not covering the fact that, during his first month in office, the debt had decreased by $12 billion as opposed to a $200 billion increase during Barack Obama’s first month in office. “The media has not reported that the National Debt in… Read more

Cannabis Industry Expected To See Quarter Million More Jobs By 2020

Throughout President Donald Trump’s campaign for the White House, and even after he was elected in November, he promised to create jobs — specifically, manufacturing jobs. But perhaps Trump should be looking somewhere else: the cannabis industry. The legal cannabis market was expected to create more than a quarter of a million jobs by 2020, according… Read more