All posts in " Trade "

World Trade

By admin / May 29, 2019

COMMENT: Hi Marty I agree with Trump. Assembling in the U S is not sufficient. We need the supply chain parts (eg manufacturing ) in the US. What do we do when we get in a war with say China – do we submit an order to china for parts to assemble a ship? Does […]


World Trade & the Confusion

By admin / March 12, 2019

QUESTION: Marty, just reported this past week America’s trade deficit hit a record $891 billion while, in the same week, unemployment report fell to 3.8%. Does this refute the conventional economic belief that trade deficits take away jobs and output? Cheers, TGM ANSWER: What is reported as trade is not simply trade. The numbers are […]


Trade War with China

By admin / July 2, 2018

QUESTION: What is your “opinion” on the Trump tariffs dispute with China? ANSWER: Years ago, an old friend from high school was in the Philadelphia Steam Fitters Union. They went on strike for a very long time. He finally came to me and asked for a job. I gave him one and all I ever heard was […]