Paulitical Economy™
A snapshot of what’s going on in the world’s economy.
Paulitical Economy™
Post 374: The Real Story on Tariffs, Brexit, and U.S. Exceptionalism
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- The cigarette industry is seeing a slow but steady decline. And employment is falling.
- Also in the number of employees.
- Check your eggs.
- Nike’s customers are under continued pressure.
- As is Nike’s share price.
- The wisdom of crowds requires at least one very important condition.
- Financial Ructions:
- Japan: Too many holes in the dyke?
- The U.S. vs. the E.U. cage match.
- The Bank of Canada worries about capital being misallocated.
- While they and other central bankers have been the main perpetrators of malinvestment for at least twenty-five years.
- Productivity growth in Canada has tanked.
- U.S. exceptionalism
- And no, reckless government spending is not justified by giving hedge funds a place to park their money.
- U.S. unexceptionalism
- Insider trading.
- A look at tariffs.
- And Brexit.
- Book Review:
- We finish our review of Howard Schultz’s great book on Starbucks.
- And I highly recommend it but especially for anyone looking to start their own business.