If America raises its interest rate, a market adjustment may be extremely costly for companies and the economy of developing countries.
The imposition of tariffs is a paranoid exercise and an example of ignorance of basic economic principles.
Take away from the equation the media follies of Donald Trump, such as the Mexican border wall or the splashes of childishness in the dispute with North Korea. Omit substantive suspicion (yet to be confirmed) about the connections between elements of the Trump campaign and Russia, and make an effort also to downplay [Read more]
Given that the president is famous for his provocative tweets, one has to ask, where does such a sudden change in tone come from?
The extraordinary thing about Trump is the fact that, despite having been created in the innards of capitalism, he should seem so unable to represent it.
In truth, Apple is not making any kind of sacrifice.
They are the most valuable corporations in the world: Apple, Google parent Alphabet, Microsoft, Amazon and Facebook. Their market value of a roughly combined $3.4 billion corresponds to Germany’s yearly economic output.
These so-called superstar corporations occupy such a dominant position in their sector that [Read more]