Blog Archives

Drinking culture in Central America is about the opposite of what you see on Cinco de Mayo in the US

I spent last fall in Guatemala, so I was surprised to discover that Guatemala has about the lowest per-capita alcohol consumption of any predominantly Christian nation. Latin America actually drinks less than the rest of Western Civilization and most of

Posted in Globalization, Health

House prices are crazy overvalued in Canada too

Canada is experiencing the hydrogen zeppelin of all real estate bubbles. It makes the 2008 US housing crisis look like a birthday balloon by comparison.

Posted in Globalization, Macro

House prices are a bit high in the US and crazy overvalued in New Zealand

New Zealand is experiencing the hydrogen zeppelin of all real estate bubbles. It makes the 2008 US housing crisis look like a birthday balloon by comparison.

Posted in Globalization, Macro

Why tariffs won’t boost the economy like Trump thinks

Trump tweeted We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with

Posted in Globalization, Macro

#Pence2018 vs Trump tariffs

On Friday I was called in for a TV interview with WLIO about Trump’s tariffs so I put together a few notes for myself that I might as well post. Trump says he will impose a 25 percent tariff on

Posted in Globalization, Pence2018

Trump “dealt his first blow to China’s economy”?

According to headlines today, Trump finally started to work on his campaign promise to crack down on Chinese imports. But he is just targeting imports of solar panels from China! Although this is an extremely important issue for the solar

Posted in Globalization

NAFTA not a big deal overall, but huge for a few Americans.

Kevin Drum wrote that NAFTA isn’t a big deal and produced a graph similar to the one below except that he used an inflated measure of trade: gross imports plus exports. Net exports (NX) is a better measure of the

Posted in Globalization

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