In recent years, the growth of manufacturing in China, as well as some emerging economies, has allowed that sector to be dominated outside the U.S. Cheap labor, and a preponderance of manufacturing facilities has moved much of the production of products outside the U.S. and often to Asian countries. America’s largest trade deficit is with[…]
Can you imagine that you have run up the balances on your credit cards to their maximums and you call the issuer of each credit card and announce; “I have decided that you need to raise my spending limit.” You know the response; “We make that decision; not you.” The bank, or other institution, that[…]
On November 8, 2016, University of Pennsylvania finance professor Jeremy Siegel told CNBC “I wouldn’t be surprised to see 1,000 points on the Dow,” meaning a 1,000 point drop resulting from a Trump win. “Trading in S&P 500 futures contracts actually had to be halted overnight after plunging more than five percent when it became[…]