President Donald Trump has been spiking the punchbowl with Vodka just as theFed has been trying to dilute it before the party gets too drunk.

What is Trumponomics? * A balanced current account, to be treated fairly by trading partners. * High growth through low and declining taxes. * Low interest rates, low borrowing costs. The wish list of the US President is actually quite simple. What confuses or confounds his critics is that conventional economics make his objectives mutually

It is difficult to ignore the short term trends and volatility but I will give it a try. In few other disciplines does luck or chance play a bigger part of the outcome than in investing. The shorter the time frame, the more chance plays a part in the outcome. The longer the time frame,

Open: Immigration is good for the economy. Unless the allocation of resources is already optimal everywhere, a redistribution of resources (human in this context) can increase the wealth and welfare of the collective. Workers moving from a poor country to a rich one become more productive as they are combined with more and better capital,

Hard data is scarce and noisy but according to estimates by the World Bank and OECD, the financial sector accounts for 20-30% of GDP in developed countries. The IMF estimates that total global nominal GDP is some 77.6 trillion dollars of which financial services account for 13.1 trillion dollars or 16%. What services does the