The Turkish Currency Crisis Facebook Google+ Twitter LinkedIn Email WhatsApp A look at why it matters so much to the world, and the risk of a domino effect.  The collapse of the Turkish lira has become a major financial story. You may wonder why the financial media is devoting so much space to this, as Turkey is not exactly China or Japan or Germany. The fear is that Turkey’s problem hints at a greater crisis.1,2   Globally speaking, Turkey is not all that minor. Its economy is the world’s seventeenth largest, and while it is seen as an emerging market, it

Why the U.S. Might Be Less Affected by a Trade War Facebook Google+ Twitter LinkedIn Email WhatsApp The nature of our economy could help it withstand the disruption. A trade war does seem to be getting underway. Investors around the world see headwinds arising from newly enacted and planned tariffs, headwinds that could potentially exert a drag on global growth (and stock markets). How badly could these trade disputes hurt the American economy? Perhaps not as dramatically as some journalists and analysts warn.1,2 Our business sector may be impacted most. Undeniably, tariffs on imported goods raise costs for manufacturers. Costlier

TARIFF TALK INTENSIFIES Major economic powers proposed additional import taxes last week, as investors wondered if a global trade war was now underway. Monday evening, President Trump stated that he had instructed U.S. Trade Representative Robert Lighthizer to identify another $200 billion of Chinese products to subject to a new 10% import duty. Shortly before the trading week began, the European Union proclaimed it would place import taxes on $3.3 billion of U.S. products, in retaliation to recently imposed metals tariffs. Friday, President Trump mulled imposing a 20% tax on autos arriving from the E.U. unless it lifts such import