President Trump has just imposed rather large tariffs on our largest trading partners. He imposed a 25% tariff on imports from Mexico, a 25% tariff on Canadian imports except oil which got a 10% tariff and an additional 10% tariff on goods from China.
The Trump Administration realizes that the quickly growing national debt must be reduced. The current public debt exceeds $36 trillion, and the interest expense is approaching $1 trillion annually..
The Bureau of Labor Statistics just released the monthly increase in the Consumer Price Index for December. The number indicated that consumer prices increased by .4%. For the prior 12 months the CPI increased by 2.9%. Worse, the annual increase in the core CPI was 3.2%.
A recent study among faculty and students asked if the cost of higher education is a major issue. Surprisingly, nearly half of the faculty strongly agreed, while less than a third of the students strongly agreed.
While there has always been division in the U.S., since 2016 the country seems to be very strongly divided. That's when Donald J. Trump, a businessperson, not a politician, decided to run for President of the United States.
President elect and defacto President Donald Trump campaigned on reducing government spending to eventually balance the government budget and then reduce the public debt.
The Federal Reserve's Open Market committee will meet again this week to determine what the Federal Funds Rate should be. Most economists and nearly all of Wall Street expect the Fed to cut interest rates by another 25 basis points.
Although Donald Trump is seven weeks away from being sworn in as the nation's 47th president, he is already showing that he can solve the nation's most difficult problems.
For decades the US has experienced a capital shortage. The result of this has been the high cost of capital for existing firms and lack of opportunity for new firms. The federal government makes the problem worse by removing trillions from capital markets to finance the...
The Federal Reserve has said it is committed to reducing inflation from the June 2022 high of 9.1% back to under 2%. To do this, the Fed has aggressively raised interest rates, from mid-2022 and to mid-2023.
With the landslide victory in the presidential race, Donald J. Trump will be sworn in as America's 47th President on January 20, 2025. After that, Trump will implement economic policies that eventually be viewed as a new "Morning in America."