In America the laws to prevent anti-competitive behaviour are called "anti-trust". In other countries they are generally called something like the Competition Act. These laws exist to prevent firms with market power (the opposite of price takers) ...

Trump: US will be paying most favored nations price

What happens at midnight? Will a janitor turn off some lights? Or do the folk at the IRS work 24/7?

US Government Shut Down looks Nearly Inevitable

Tariffs would have protected Pfizer. There is no logic. Explain. That is very cool about the $80 billion in new drug manufacturing facilities. Pharm in the US must be a nice little earner.

Trump: US will be paying most favored nations price

Do you know what tariffs are?

Trump: US will be paying most favored nations price

Governments in other countries have had in place, some for many decades, civilised and known arrangements with pharm companies as to supply and pricing for many (by no means all) prescribed medications. Trump sent letters to seventeen drug companies ...

Trump: US will be paying most favored nations price

Probably prudent to grab a few el cheapo weekly S&P or specific stock puts eh.

US Government Shut Down looks Nearly Inevitable

Something I always find difficult is the scattergun approach, where a bunch of things are summarily introduced without proper examination. Let's pause for a moment and briefly consider the Kia issue. The raid strained relations between the US and ...

US Government Shut Down looks Nearly Inevitable

And probably worse, eh? From one of those commie places like Harvard or Columbia.

US Government Shut Down looks Nearly Inevitable

I don't think that Trump is under control.

Trump Proclaims Tariff on EU and Japan Wood Products Will Not Exceed 15%

I can't really fault anything much in that statement. No convoluted histrionics of dubious merit that I see often coming from Fed members.

RBA: Statement by the Monetary Policy Board: Monetary Policy Decision

The topic is inflation. So if inflation isn't tariff driven (cost push - nothing the Fed can do) it must be demand driven. In which case this is fixed by increasing the Fed rate. But apparently the rate is already too high. I think I'm turning ...

Musalem: Expect inflation to be elevated for two or three quarters

Films are intellectual property. I think the only way to capture the tariff is to charge ticket holders a 100% tax. What would that make the total for a family of four?

Trump: I will be imposing a 100% tariff on any and all movies that are made outside of the...

I was kinda just saying in jest, actually, but as for Bif - yeah, weird, eh? Spooky. Sadly, not true though according to Snopes. For example, in 1985 Trump was pretty much not even heard of. Although I reckon I remember him from the late 80s for ...

President Trump posts cartoon image depicting him firing Fed Chief Powell

Interesting. A few times recently I have said words to the effect that I am surprised at how Americans must be fed propaganda from an early age. I was speculating - I had no proof other than what seemed to be no other logical explanation. While that ...

President Trump posts cartoon image depicting him firing Fed Chief Powell

Might be surprised how many fairly major films were not primarily shot in the US. Just off the top of my head, Jaws, The Matrix films, at least one Mission Impossible (clearly 2, but others as well), Gladiator, X Men franchise. There is heaps more - ...

Trump: I will be imposing a 100% tariff on any and all movies that are made outside of the...

American actors, directors and producers, who are all clear Republican supporters, are simply not paid enough. They need protection from any competition which is very unfair, and they need it now.

Trump: I will be imposing a 100% tariff on any and all movies that are made outside of the...

I have the box set of the complete (?) Looney Tunes. This is a good excuse to watch them all again to find which character or combination best suits Trump's psyche. There are a few goodies to choose from. choices. No, I didn't know that Comey was ...

President Trump posts cartoon image depicting him firing Fed Chief Powell

Actually, weathermen often do make pretty accurate forecasts, depending on the time frame. My favourite weatherman is Jane Bunn, who happens to be female. And she does look good. I digress. It is my opinion that people who make forecasts about the ...

Fed's Hammack: Inflation not at 2% before end-2027

Do you deliberately say the opposite of what you think, and for good measure throw in a strawman (media)?

President Trump posts cartoon image depicting him firing Fed Chief Powell

You are optimistic. A smart person will change their view if new information contradicts their belief. There is no shame in that. An indoctrinated person lacks this ability. They are conditioned not only to dismiss facts, but often to dig in even ...

President Trump posts cartoon image depicting him firing Fed Chief Powell