Monthly Archives: May 2018

Trump’s Drug Pricing Scam

Trump promised to rein in drug prices. It was his only sensible campaign promise. But the plan he announced Friday does little but add another battering ram to his ongoing economic war against America’s allies. He calls it “American patients first,” and takes aim at what he calls “foreign freeloading.” The plan will pressure foreign countries…

Is California In Recession? (Part V)

Back in mid-December, Political Calculations asked if California was in recession. Following last week’s state-level GDP release for 2017Q4 and Philadelphia Fed indices from a week and a half ago — it’s likely no recession occurred, and is currently not occurring. Figure 1: California GDP in millions of Ch.2009$ SAAR (blue, left log scale), California coincident index (red,…

U.S. Plays Its Foreign Policy Hand Freed From Oil

Reports on the Shale Revolution rarely discuss its impact on U.S. energy security, but with little fanfare it’s affording the U.S. greater geopolitical flexibility. The Administration’s decision last week to withdraw from the Iran nuclear deal was made without significant regard to the ensuing reduction in Iranian oil exports. Successive U.S. presidents back to Richard…

How Bullish Is The US Dollar?

The strength in US Dollar (DXY) in the past two months prompts the question: Has the US Dollar resumed the bullish trend? In this video and analysis below, we explain and rank the most likely path in the DXY. We use the $USDPLN (Poland Zloty) to explain the most likable path: Video Player   00:00…