It’s bad enough that The New York Times all but admitted last week that its news operations lately have been driven by over-arching missions and “visions” centering on specific issues. In the words of Executive Editor Dean Baquet at an internal “town hall” meeting of Times staff, the paper is now shifting from investigating “Did … Read moreIm-Politic: Why The New York Times Shouldn’t be Writing the History of Slavery – or Anything Else
I’m pleased to report that the podcast is now on-line of my interview Thursday night on Breitbart News Tonight on the state of the economy and whether or not America is on the verge of a recession. Click here and look for the segment with my name on it for a timely and wide-ranging conversation … Read moreMaking News: Breitbart Radio Interview Now On-Line on the Economy & That Yield Curve
So it seems we’re soon going to see another major test of how much of an America First-er on foreign policy President Trump really is: Will he or won’t he withdraw the U.S. troops remaining in Afghanistan if he can strike an acceptable deal with that country’s Taliban insurgents? Globalists across the political spectrum – … Read moreOur So-Called Foreign Policy: How Trump Can Pass His Afghanistan Test
If there were two of me, I could have reported yesterday on both the new industrial production figures from the Federal Reserve and the new labor productivity data from the Bureau of Labor Statistics (BLS) that came out. Because progress in cloning tech has been incredibly disappointing, and since Washington keeps often pairing such releases, … Read more(What’s Left of) Our Economy: U.S. Manufacturing’s Productivity Lag Just Got Even Worse
The modest momentum showed by domestic manufacturing in the previous two Federal Reserve industrial production reports disappeared in this morning’s edition of the monthly survey, as overall real manufacturing output in July fell month-to-month (by 0.36 percent) for the first time since April. Worse, the new data lengthened domestic industry’s recession, with inflation-adjusted production now … Read more(What’s Left of) Our Economy: Manufacturing’s Recession Lengthens but Tariffs’ Role Stays Fuzzy
If you’re confused by President Trump’s latest China tariffs moves, don’t feel bad. They’re really confusing! Much clearer is their main implication: Once more, the President has needlessly let China off the trade war hook – and significantly reduced the odds of U.S. success no matter how it’s defined. To summarize the chain of announcements … Read more(What’s Left of) Our Economy: Trump’s Latest China Tariff Moves – & Why They’re Mistaken
Well, that was fast. Last month, when the Labor Department’s consumer price data came out (for June), I observed that they revealed some tariff-led inflation – especially in goods categories that by all rights should be affected by the duties on steel and aluminum that President Trump imposed in March, 2018. (More such evidence appeared … Read more(What’s Left of) Our Economy: A Big Fade for Tariffs-Led Consumer Inflation
As if we needed another one, the latest upsurge in the intertwined national debates about gun violence, mass shootings, and terrorism provides another example of how hyper-partisan, encrusted thinking is obscuring the road to dramatically improved policies – and greater public safety. Specifically, way too many Americans are still mired in a dangerously distracting debate … Read moreIm-Politic: Hyper-Partisans Across the Spectrum are Wrong; the Terrorist Threat is “All of the Above”
Amazing as it sounds given the rush of developments and headlines over the last week, one big U.S.-China trade-related story remains largely overlooked, even though it keeps getting more and more important: Mainly because of President Trump’s tariffs and retaliatory duties from Beijing, the American and Chinese economies not only continue decoupling from each other. … Read more(What’s Left of) Our Economy: Decoupling is Still the Biggest – & Still Growing – U.S.-China Trade War Story
I’m pleased to announce that the podcast is now on-line of my interview Wednesday night on John Batchelor’s nationally syndicated radio show. So click here for a timely discussion among John, co-host Gordon G. Chang, and me on the latest escalation(s) of the U.S.-China trade conflict. (I come in at about the 3 minute-30-second mark.) … Read moreFollowing Up: Latest National Radio Interview on the China Trade War Now On-Line!
I’m pleased to announce that last night, I was interviewed on John Batchelor’s nationally syndicated radio show, where John, co-host Gordon G. Chang, and I updated the U.S.-China conflict – which now includes not only a trade war and a tech war, but a currency war (all closely related of course). As usual, if you … Read moreMaking News: A National Radio Update of the Trade War…& More!
Domestic U.S. manufacturing turned in a mixed job creation performance in July, with this morning’s figures containing fodder both for the optimists and the pessimists. And the ambiguousness extended to interpreting the results of President Trump’s tariff-centric trade policies – which is not entirely surprising, especially given the nature of the China duties, which have … Read more(What’s Left of) Our Economy: The Jobs Fog of Trade War
I’m pleased to announce that three recent news reports – two on the state of American manufacturing, and one on China’s growing influence over the American movie industry – have cited my views and analyses. On July 25, this Washington Post article included my – cloudy- forecast about industry’s near future due to all the … Read moreMaking News: Manufacturing Views Quoted in the Washington Post…& More!
So much data were released yesterday morning on the U.S. economy’s growth rate – not only the initial read on the second quarter of this year, but revisions going back to 2014 – that it’s impossible to explore all the results and their implications in one post. As a result, I’ll focus today on the … Read more(What’s Left of) Our Economy: Those New GDP Numbers Keep Showing Healthier Trade-Related Growth Progress Under Trump
Here’s how bad America’s employment performance has been so far this year. Not only has job creation lagged quantitatively. But by one key measure that RealityChek has followed for years, job quality worsened, too. Specifically, after falling significantly during the first two years of the Trump administration as a share of total hiring, job creation … Read more(What’s Left of) Our Economy: U.S. Job Quality Takes a Turn for the Worse
That sounds like a pretty interesting and important Washington, D.C. conference that took place last week that gathered a bunch of politicians, pundits, intellectuals (how I hate that word!) and activists of all kinds on the political Right. Their aim: Developing a form of “national conservatism.” Think of it as a large-scale attempt to create … Read moreIm-Politic: A Century-Old Way Forward on Defining “True Americanism”
U.S.-based manufacturing went into its latest recession in April, and I missed it. Or did I? Once I realized my apparent oversight, I went back to the figures and realized that, although the definition of a recession that I’ve long used (two consecutive quarters of cumulative output shrinkage) is clear enough, figuring out what start … Read more(What’s Left of) Our Economy: Just When Did U.S. Manufacturing’s Current Recession Begin?
It’s so utterly typical of how fevered Americans of all political stripes have become in the last decade or so (and especially in the Age of Trump, which began as soon as he declared his candidacy for presidency): The more verbiage that’s spilled over the clash that’s developed over controversial recent remarks by the four … Read moreIm-Politic: Unpacking the Ilhan Omar Mess
I’m pleased to announce that a video is now available of my appearance last night on the U.S.-Israeli TV network i24News covering the latest developments in the U.S.-China trade conflict. Anchor Michelle Makori and I also discussed how the Trump administration’s national security concerns about Chinese telecommunications giant Huawei may be affecting trade diplomacy. Click … Read moreMaking News: Video of Last Night’s Televised Trade War Interview Now Available!
A total stunner – that’s the best way to describe the manufacturing and trade results of this morning’s Commerce Department report on economic growth during the first quarter broken down by industry. Unfortunately, they provide causes for both optimism and pessimism about whether President Trump’s tariff-centric trade policies will strengthen or weaken U.S. domestic industry … Read more(What’s Left of) Our Economy: A Glass Half-Empty or Half-Full Government Report on Manufacturing?
I’m pleased to announce that I’m scheduled to return to the U.S.-Israeli TV network i24News tonight to help update the U.S. trade conflict with China. The network’s programs are normally available only to paying subscribers, but you can watch the segment, slated to start at 7:40 PM EST, if you sign up in time for … Read moreMaking News: Back on i24News on the Trade War…& More!
I’d like to offer a deal to anyone in America’s bipartisan globalist foreign policy establishment: You come up with defenses of the pre-Trump strategies and approaches you support that aren’t transparently ridiculous, and I’ll start portraying them as something other than sick jokes. Judging by Richard N. Haass’ latest column for the Project Syndicate website, … Read moreOur So-Called Foreign Policy: The Globalist Blob Wants the U.S. to Keep Looking for Trouble
I’m pleased to announce that I’m slated to return to John Batchelor’s nationally syndicated radio show tonight to help provide an update on the U.S.-China trade conflict. A top U.S. official has termed recent weeks a “quiet period.” But as the segment – featuring me, John, and co-host Gordon G. Chang – will make clear, … Read moreMaking News: Returning to National Radio for a China Trade War Update
Despite all the heat that it’s generated, the most important citizenship-related issue facing Americans today is not the one revolving around whether long Census form should seek this information from residents of the country. Instead, given all the clashing views of national identity that have emerged in recent years, the most important issue is developing … Read moreIm-Politic: America Needs to Get Its Citizenship Act Together
This morning’s Federal Reserve industrial production report provided further evidence that domestic U.S. manufacturing is moving past a spring rough patch. Rebounding also – output in many of the metals-using industries supposedly being decimated by President Trump’s tariffs on aluminum and steel. As usual, though, because reliable data is so difficult to come by, the … Read more(What’s Left of) Our Economy: New Signs of Life in U.S. Manufacturing Output – Including in Tariff-Affected Industries
Those same new official U.S. inflation statistics that reveal how President Trump’s tariffs have or haven’t affected consumer prices can also show whether American workers’ paychecks have been keeping up with the (slowly) rising cost of living. And the latest Bureau of Labor Statistics (BLS) data contains some good news for the nation’s employees, for … Read more(What’s Left of) Our Economy: Weak Real Wage Increases Under Trump Now Look Only a Little Less Weak
After a several-month lapse, I finally had a chance to review in detail the latest batch of official U.S. consumer price data, which came out yesterday. The big takeaway seems as follows: Whereas through April there was no evidence that President Trump’s tariffs per se were pushing up consumer prices, now there’s some. But the … Read more(What’s Left of) Our Economy: Tariffs-Led Consumer Inflation Grows…from Non-Existent to Slight
I’m pleased to announce that the podcast of my interview last night on John Batchelor’s nationally syndicated radio show is now on-line. Click here for a stimulating, timely discussion of the U.S.-China trade war, the tech conflict that’s also erupted between the two countries, and the latest on their recently resumed trade talks. And keep … Read moreMaking News: Podcast of Last Night’s China Trade War Radio Interview Now On-Line!
I’m pleased to announce that I’m scheduled to return tonight to John Batchelor’s nationally syndicated radio show to help update the course of the U.S.-China trade conflict. The segment, slated to start at 9 PM EST, is sure to cover the resumed bilateral trade talks, the new sanctions regime against Chinese tech giant Huawei, and … Read moreMaking News: Back on National Radio Tonight with a Trade War Update
Only in the free trade-worshiping American Mainstream Media could an op-ed piece titled “Debunking Trump’s Tariff Claims” be published that’s chock full of easily debunk-able claims itself. The first such allegation in the article, which came out on the Washington Post’s website yesterday, holds that the administration’s view that China “bears most of the burden … Read more(What’s Left of) Our Economy: The Latest Trump Tariff Debunkers Debunked
The usual gang of political observers and commentators (apologies to the soon-to-be-departed Mad magazine) seem to agree that this year’s Democratic candidates for President haven’t been paying much attention yet to foreign policy. Here’s my explanation: The more many of them say about the subject, the clearer their ignorance and incoherence will become, and the … Read moreIm-Politic: Muddled Iran Deal Messages from the Democrats
Prescription drug prices keep skyrocketing outrageously – at least, that’s what’s constantly reported. And much of the evidence looks especially impressive: Politicians who normally agree on nothing have vowed to rein them in – including President Trump and Democrats of all stripes, including many of the party’s presidential candidates. So imagine my surprise when I … Read more(What’s Left of) Our Economy: Are Soaring Prescription Drug Prices Really a Thing?
Maybe Joe Biden’s main problem isn’t simply that he’s “gaffe-prone” – at least not nowadays, as he again seeks the Democratic nomination for President. Maybe the former Vice President’s main problem is that he’s suffering major memory loss – and I mean major memory loss. Either that, or his recollection of how the Obama administration … Read moreIm-Politic: Biden’s Fake History on Fighting Russia’s Political Interference in Europe
Domestic U.S. manufacturing regained some of its lost job creation prowess in June, according to this morning’s monthly employment report from the Bureau of Labor Statistics (BLS). The takeaway for trade mavens? Oddly mixed. Problems remained in numerous industries especially affected by President Trump’s metals tariffs. But the effects of the levies on imports from … Read more(What’s Left of) Our Economy: Is Manufacturing Hiring – & Any Trade War Problems – Out of the Woods?
So here I was, planning to spend a nice, quiet, blogging-free day on this Fourth of July, when some casual web surfing revealed that the Financial Times, a newspaper I genuinely respect, runs an article besmirching President Trump’s record on reviving manufacturing. And it did so in an unusually intellectually dishonest way. The Times‘ news … Read more(What’s Left of) Our Economy: Manufactured Bad News About Trump’s Manufacturing Record
As with last month’s numbers, this morning’s U.S. trade figures need to be taken with a big grain (or boulder?) of salt due to President Trump’s on-again, off-again tariff decisions with major foreign economies like Mexico and especially China. The big takeaway, IMO: These May data show that the portion of the nation’s trade deficit … Read more(What’s Left of) Our Economy: New U.S. Trade Figures Reflect More Policy Noise, but Reveal More Underlying Improvement
I’m pleased to announce that two new videos of recent interviews are now on-line. The first is the recording of my aforementioned appearance on Newsmax TV‘s Liquid Lunch program last Friday, and covers the U.S.-China trade conflict and the weekend summit between President Trump and Chinese dictator Xi Jinping. Here’s the link. Second, I appeared … Read moreMaking News: Two New TV Interviews on Video…& More!
The United States has to be the only country on earth (excepting dictatorships with no respect for facts or the truth) in which individuals who have been massively wrong on major issues can be considered “experts.” Think that’s wrong or overstated? Then how do you explain this recent Reuters report on a draft letter apparently … Read moreIm-Politic: China Experts Who Obviously Ain’t
So thanks to last week’s two debates, we’ve now seen most of the Democratic presidential candidates in, as sportscasters like to say, “limited action,” and have had some time to ruminate about the results. Here’s my sense of some of the biggest takeaways. >The Democrats generally are in denial about the health of the economy. … Read moreIm-Politic: On the Democrats’ Debates
I’m pleased to announce that two podcasts of interviews last Friday are now on-line. The first is an appearance on Frank Morano’s Morano Whenever podcast recorded Thursday afternoon. Frank has interviewed me before on his early Sunday morning talk show on New York City’s AM 97 The Answer station. But in contrast to those relatively … Read moreMaking News: Podcasts, We Have (Trade War) Podcasts….