Armstrong Williams Commentary: It’s Time to Talk About Recession

Is America in a recession? It’s an unpopular question to ask, but it has now been over 3 months since COVID-19 restrictions were initiated and it is time for us to get realistic about where we are economically so that we can take the proper steps to minimize further damage to our economy. At this point, the unfortunate reality is that regardless of what we do, it is likely that it will take at least several years to see a partial recovery of economic loss and the time that it will take for a complete recovery remains unknown at this point. 

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Tech Leads the Way as US Stocks Head for a Third Month of Gains

Stocks closed higher on Wall Street Tuesday, extending the market’s recent winning streak after another strong showing by technology companies.

The S&P 500 rose 0.4% and is on pace for its third straight monthly gain. The Nasdaq composite, which is heavily weighted with technology stocks, climbed to an all-time high for the second day in a row. Bond yields rose, another sign of increasing confidence in the economy.

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Stock Indexes Move Higher on Wall Street After a Shaky Start

Stock indexes are higher on Wall Street in choppy trading Monday as investors weigh the risks that rising coronavirus cases could pose to hopes for an economic recovery.

The S&P 500 rose 0.4% in midday trading after an initial slide of 0.6% following weakness in overseas markets as the global tally of infections approaches 9 million. The price of gold rose, a signs of caution in the market. Bond yields were mixed.

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Commentary: COVID-19 Proves America Needs Economic Nationalism

by Spencer P. Morrison   Reports of a deadly new virus began trickling out of China in December. The infection spread rapidly. By March 12, the World Health Organization deemed COVID-19 a global pandemic. The next day President Trump declared COVID-19 a “national emergency” that would require the “full power…

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Commentary: Export Bans and the Re-Emergence of the Nation-State

The COVID-19 pandemic has served to upend many long-held policy assumptions, but none so clearly as the theory that international trade rests purely on economic incentives, and that those economic incentives will always override a country’s more base instincts to act in its own interest because of the cost to global profits.

Responses from countries around the world to COVID-19 have significantly fractured this argument. It can no longer be said with unshakable confidence that nations will sidestep their own economic objectives, interests, and policies for the sake of a more profitable international economic integration.

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Mexican Protesters Block Border Traffic, Tell Americans to ‘Stay At Home’

In a seemingly-paradoxical turn of events, Mexican protesters on Wednesday blocked incoming traffic at the U.S. southern border, demanding their government do more to restrict American travel into their country.

A group of about a dozen protesters, holding signs and wearing face masks, used two vehicles to block southbound traffic coming out of a U.S.-Mexico port of entry near Nogales, Arizona, according to a report from the Arizona Republic. The protesters said their stunt was meant to highlight the dangers posed by incoming U.S. residents who may carry the coronavirus.

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Commentary: China’s Post-Virus Plan to Destroy America’s Economy

The virus that originated in Wuhan, China poses a double threat to America.

The first is to our health as the virus spreads through the U.S. population. The second is to our economy as more businesses, schools, and events shut down to slow the spread of the contagion.

We must not underestimate the economic threat because the Chinese Communist Party is using the pandemic to achieve its goal of supplanting the United States as the world’s leading economic, diplomatic, and military power.

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State Department Suspends Visa Services Across the World

The State Department is suspending visa services in most countries across the world, the Trump administration’s latest response to mitigating the spread of the coronavirus pandemic.

In a statement released late Wednesday, the State Department announced it’s cancelling all routine immigrant and nonimmigrant appoints at embassies and consulates in numerous countries. The suspensions became effective immediately, and no specific date was provided on when services would begin again.

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Commentary: Good Economic News Missing From the Mainstream Media Again

You didn’t see it on the front page of one of the establishment newspapers or in the lead segment on establishment TV, but Reuters reported the number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, indicating the labor market remains solid.

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Commentary: Dem Front Runner Warren Agrees With Trump on Trade and Middle East Wars

One of the more bizarre elements of last night’s Democratic presidential “debate” was how much the leading Democrat – Senator Elizabeth Warren – agrees with President Trump, especially on endless Middle East wars and the effects of trade on American workers.

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Commentary: With a Japan Trade Deal and a Strong U.S. Economy, Where Is the Trade Depression People Predicted?

Readers will recall that in the 2016 election and since then financial and political analysts were tripping over themselves to predict that if President Donald Trump won and implemented his planned trade agenda, which included tariffs, why, we’d have a global recession perhaps even as bad as the Great Depression.

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Commentary: Delaying Tariffs Is Not the Answer to China’s Trade Practices

For the past two years, President Donald Trump has argued that China was paying the cost of the trade war. Following a delay in some of the tariffs from the latest round in the dispute with China, however, the president has acknowledged for the first time that tariffs have an impact on American families.

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Forgotten Founder Pelatiah Webster: America’s First Economist

by Lawrence Reed   Everybody knows who America’s first president was, but can you identify the country’s first economist? If any man or woman deserves that description, it is surely the one who wrote this and so much more: I propose . . . to take off every restraint and…

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Commentary: From Currency Manipulation to Intellectual Theft and More, Always Remember China Cheats

by Rick Manning   China cheats. All of those who get worked up over negligible increases in U.S. tariffs on Chinese made goods, please remember this basic fact – China cheats. China manipulates their currency by artificially pegging it well below the dollar, and devaluing it further to offset tariff…

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US-China Trade Dispute Triggering Production Exodus

by Joyce Huang   U.S. tech giant Apple has reportedly asked its major suppliers, mainly China-based manufacturers from Taiwan, to consider moving 15 to 30% of their production outside of China to avoid higher tariffs imposed on U.S.-bound exports. The production migration, which analysts say is already ongoing,will hurt the…

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Experts: Tariffs in the Offing for India as President Trump Wages War on ‘Unfair Trade’

by Michael Bastach   The Trump administration’s decision to rescind trade preferences with India could be a sign that more tariffs are on the horizon, experts say. U.S. trade officials announced Friday the end of special trade treatment on $6 billion worth of goods from India because the country has “not assured…

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Commentary: Tariff Hawks Got It All Wrong When They Predicted ‘Another Great Depression’ from Trump’s America-First Trade Policies

Donald Trump

by Robert Romano   In 2016, when President Donald Trump ran on his America first trade agenda, much of the conventional wisdom was that, if implemented, his tariffs would wreck the U.S. economy. It would have the same impact as the 1930 Smoot-Hawley Act, and so the prediction goes, lead to…

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Commentary: The Win-Win Scenario of Further ‘Retaliation’ by China

by Robert Romano   On May 10, the South China Morning Post published a report, “Will China use its US$1.2 trillion of US debt as firepower to fight the trade war?” speculating that China might have potential leverage against the U.S. after President Donald Trump levied 25 percent tariffs on a total…

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Despite Further Talks, No US-China Deal Yet

President Trump and the vice premier of China confirmed on Thursday that while significant progress has been made, there is no new trade agreement yet between the world’s two largest economies. “We’re certainly getting a lot closer,” Trump said sitting at his desk in the Oval Office with Chinese Vice…

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Steve Cortes Commentary: The U.S. Economy Is Proving Critics Wrong Yet Again

by Steve Cortes   The booming U.S. economy is proving the Democrats wrong yet again — liberals keep predicting a recession, but businesses just keep on hiring. According to the recently published data from the Department of Labor, nonfarm payrolls surged by 304,000 jobs in January, nearly doubling the 165,000 jobs that…

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Despite Current Tariffs, the US Can Expect a Trade Deficit of $410 Billion with China

Donald Trump, Xi Jinping

by Robert Romano   Last month, China reported growth of its economy in 2018 at 6.6 percent, the lowest in 28 years. The slowdown is real enough but whether it results in a grand trade deal by the U.S. and China may depend on how much pain China is really feeling…

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Leaders Skip Davos Amid Domestic Troubles, Anti-Globalist Backlash

The World Economic Forum summit in Davos, Switzerland, that wrapped up Friday, had some notable absentees, including President Donald Trump. With a backlash against a perceived ruling elite gaining ground in many countries, analysts say some leaderssteeredclear of a gathering often seen as an inaccessible club for the world’s super-rich.…

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American Farmers Support Trump Despite Tariffs

by Tim Pearce   American farmers are sticking behind President Donald Trump despite a trade agenda that makes selling produce to foreign countries more difficult and less profitable, Bloomberg reported. The United States’s ongoing trade war with China is a primary concern for U.S. farmers that sell crops, especially soybeans, overseas. While Trump’s view…

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China Factory Activity Shrinks for First Time in Two Years

China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. The purchasing managers’ index of the National Bureau of Statistics and an…

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Commentary: The Arrest of Huawei Executive Meng Wanzhou Helps Negotiations with China

by Steven W. Mosher   Wall Street is worried that the arrest of Huawei Vice Chairman Meng Wanzhou will put President Trump’s ongoing trade negotiations with China on ice. They fear that China may retreat from its G-20 promises, or perhaps even call off the negotiations altogether. Some have suggested…

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Bob Lighthizer Compared to ‘General Patton’ in Leading the Way on Trade Talks with China

by Natalia Castro   While some have been critical of President Donald Trump’s use of tariffs to win the trade war with China, one analyst is arguing these tariffs have been one of many tools used by the Trump administration to push China to comply with fairer trade deals. Last…

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Herman Cain Commentary: Five Things We Can Be Thankful For in the Trump Era

by Herman Cain   It’s the season of gratitude and time to take measure of the great ways we can appreciate all that we have as Americans. Here are five things that Donald Trump has done for our country, for which we can all be grateful as one nation. Historic Prosperity…

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Analysis: White House Releases Report Outlining the Problems of Socialism

by Joe Carter   On Tuesday the White House released “The Opportunity Costs of Socialism,” a report outlining the “opportunity costs of socialism on the macro economy, including standards of living, and the impact on the Federal budget.” The following is a summary and anaysis of its findings. What is…

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While Know-It-Alls Lecture on Tariffs Against China, Trump Dials Up New Trade Deals with UK, Europe and Japan

by Robert Romano   While President Donald Trump continues to bring the pressure to China, so far with 10 percent tariffs on $200 billion of Chinese goods shipped to the U.S., rising to 25 percent in Jan. 2019, which comes atop another 25 percent tariff on $50 billion of goods…

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Larry Kudlow Shed Light On What Will Likely Be A Major Priority For Trump In 2019

by Michael Bastach   White House economic adviser Larry Kudlow said President Donald Trump is likely to make building oil and natural gas pipelines a major priority next year to meet the needs of booming U.S. energy production. A focus on pipelines would hit two aspects of Trump’s agenda: energy…

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Commentary: Republicans Learning the Hard Way a Great Economy Ain’t Enough Anymore

by Jeffery Rendall   In the 2016 presidential election’s stretch run Hillary Clinton famously asked during an interview, “Why aren’t I 50 points ahead?” American voters knew the answer and shared it with the former first lady and legacy Democrat presidential candidate on Election Day. Clinton did end up a couple points…

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Trump Proves Tariffs, Threat to Leave NAFTA Were Key Leverage to Negotiating USMCA, Puts Dems in Tight Spot

Trump right to try

by Robert Romano   They said it couldn’t be done. Once again, President Donald Trump is racing circles around his critics and showing that his tariff policy and the threat of leaving NAFTA altogether were most effective inducements to trade concessions, having resulted in the new U.S.-Mexico-Canada Agreement, or the USMCA. The…

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WINNING: Trump Scores NAFTA Deal After Last-Minute Negotiations with Canada

by Hanna Bogorowski   U.S. President Donald Trump came closer to fulfilling a campaign promise late Sunday night as he reached a revamped trade deal with Canada and Mexico that will rework the North American Free Trade Agreement (NAFTA) after months of negotiations. Hours before Sunday’s midnight deadline proposed by the U.S.,…

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