Well, this can’t be good, recent studies are discovering that each generation is becoming increasingly stupid:
- Armstrong Economics – Are We Getting Dumber?
The whole Trump thing is making more sense now. Speaking of the Donald, he has been beating up on Mexico for the last 48 hours:
- Bloomberg – Trump Says Mexico ‘Has Taken Advantage’ of U.S.
- Reuters – US-Mexico crisis deepens as Trump aide floats border tax idea – Reuters
What is the reality?
- MarketWatch – Trump calls U.S.-Mexico trade one-sided — and here’s the reality
- Bloomberg View – Trump’s Wall: A Wasteful, Foolish Boondoggle
The whole point to NAFTA was to strengthen ties to our two closest neighbors with a mutually beneficial trade agreement – but I am not sure Trump even cares. In the short term, I guess this helps Trump with his base, but consider what this could lead to:
- Higher retail prices in the US;
- Less cooperation with Mexico on illegal drug smuggling from South America;
- Less trade for the US – leading to a slower / smaller US economy;
- In the longer run – a much poorer and less stable neighbor to our South.
It’s Friday – I need to end the week with something uplifting, so lets give this a listen:
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