Apr

6

the most important influencer of all, the stock market was the only indicator that the Fed Chair didn't discuss in his Friday talk to the editors.

one can expect the opposition at the Fed to double down on the unnecessity of lowering rates in order to punch the enemy when he is down and to increase their importance to staying.

left out in the damaging consequences of tariffs is their increase in the likelihood of war only too often lead to open hostility and armed conflict. For historical confirmation of this fact we need but review the Russo-German "tariff war" of 1893, the German-Spanish tariff war of 1894, the Franco-Italian tariff war of 1888-1899 and the Franco-Swiss tariff war, 1893-1895. The Austro-Hungarian tariff barriers to Serbian exports aggravated the nationalistic conflict between Serbia and Austria-Hungary and precipitated the World War. Economic conflicts and divergence of economic interests.

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