Our northern neighbor Canada has just gone to pot. The US will likely be heading further in that direction on Tuesday, Nov. 6th. Yahoo reports that “Three states — Michigan, Utah and Oklahoma — will hold referendums in 2018 on the legalization of marijuana for recreational and medical use, continuing a nationwide trend of acceptance […]
Prosperity threatened by interest rates, oil, and trade wars
by Trade Correspondent L.C. — The world economy faces three principal threats at the moment: Rising interest rates, endangering those emerging economies with heavy debt burdens; Possible Saudi-triggered oil price increases in the wake of the Khashoggi affair; and Ongoing trade war among the US, its allies, and China. Regarding the US-China trade war, while […]
Strategic caution required in Khashoggi affair
“Politics ain’t beanbag,” as the saying goes, and that goes especially for Mideast politics, where terrorism and murder of opponents are the coin of the realm. Saudi citizen, journalist, Muslim Brotherhood member and its leading propagandist Jamal (“James”) Khashoggi knew this well. He reportedly gave his cell phone to his fiancee waiting outside, set his […]
With NAFTA 2 concluded, will President join allies against China trade misbehavior?
Trade correspondent L.C. reports: The NAFTA renegotiation was finally concluded with the October 1st release of the text of the revised agreement. This will allow it to be signed by the three member countries before Mexican President Enrique Peña Nieto leaves office on December 1st. Getting the NAFTA re-do out of the way raises the […]
Trump’s trade agreements antagonize allies but are mostly PR
Trade correspondent L.C. (supplemented by a late-breaking addition): As we went to press, Bloomberg issued the following report on the just-concluded US-Canada agreement to continue NAFTA: “Globalists Will Love Trump’s New Nafta Deal. Despite the fanfare, the agreement doesn’t change much. “For the group of people meant to be enemies of President Donald Trump’s trade […]
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