By: Daniel Lacalle Consensus remains euphorically optimistic about the eurozone. However, the first data of 2018 are worrisome. While consensus expects a strong 2018 for Europe, the advanced data begins to question the optimistic expectations: In the last two weeks, consensus estimates of earnings per share have been revised down 32% in the Eurostoxx 50 index […]
Austrian Economics
Trump to announce new tariffs on China over IP theft
President Donald Trump will roll out new tariffs on Chinese imports by Friday, Reuters is reporting. U.S. Trade Representative Robert Lighthizer told the House of Representatives Ways and Means Committee that he thinks new tariffs can stop the world’s second-largest economy from stealing intellectual property from American companies. “We are losing that to China in […]
Media campaigning for children to vote – should they?
By: Ryan McMaken Media outlets from The Washington Post to CNN are now calling for changes in law that will allow children to vote. The motivation appears to be the perception that teenagers are more in favor of gun control than older people. Thus, gun control advocates right now are seeing young people are more reasonable, and humane than their […]
Week in Review: March 12 to March 18
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: If tariffs create U.S. jobs, why not introduce taxes on all imports? POLL: 80% of Americans support Trump’s protectionism WATCH: Milton Friedman destroys tariffs, steel industry – 40 […]
HYPOCRITES: EU Suddenly Realizes That Tariffs Are Bad
By: Ángel Manuel García Carmona Last Thursday, US President Donald Trump, signed an executive order to impose tariffs on aluminum and steel imports — of 10 percent and 25 percent respectively — exempting Canada and Mexico. In large part, the that protectionist measure is in response against the phenomena of “dumping,” in which it is believed that some regimes — specifically […]