Executive Summary Introduction In the 1955 movie A Rebel Without a Cause, James Dean introduced Americans to the game of “chicken,” wherein two cars accelerate towards each other until one swerves. The swerving car’s driver is labeled the “chicken,” and the steady driver wins. Eighty years later, the game of chicken is not just a … Continue reading
Executive Summary Introduction Since the inception of global trade, there has always been a dominant, trusted currency used to facilitate transactions between parties to avoid the double coincidence of wants associated with bartering. The U.S. dollar (USD) has been the premiere global currency since the Bretton Woods Agreement of 1944 where it was crowned in … Continue reading
Since assuming office, President Trump has shaken the foundation of global trade with his use of tariffs. Tariffs, in simple terms, are taxes levied on imported goods. Trump’s intentions, in line with his America First campaign promise, are to boost the domestic manufacturing industry, reduce the U.S. trade deficit, and to leverage foreign countries into … Continue reading
Two economic roads have diverged in an American wood. Fortunately, America has been able to travel both. Today, July 1, the U.S. economy entered into its record-setting forty-first consecutive quarter of expansion, surpassing only the forty-quarter boom of the 1990s. What will become a quick clip in the twenty-four-hour news cycle should instead be a … Continue reading
Threatening equity markets, stock manipulation is among the hottest topics for investors today. Michael Lewis, author of Flash Boys: A Wall Street Revolt, describes the U.S. stock market as rigged in favor of High Frequency Trading (HFT) firms. In a 60 Minutes edition, Lewis stated that these firms are able to “identify your desire to … Continue reading
U.S. Trade Representative Ron Kirk appeared before lawmakers today to discuss a loaded trade agenda. Hoping to build on recently passed, very long overdue free-trade agreements with Colombia, Panama, and South Korea, Kirk discussed implementation of those agreements and continued efforts to increase exports and create jobs. Senators questioned Kirk on a range of trade … Continue reading
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