Tag Archives: international trade

3 misconceptions that need to die

HT to Sid Raisch for this link — http://www.fool.com/investing/general/2011/10/25/3-misconceptions-that-need-to-die.aspx, Morgan Housel, October 25, 2011 At a conference in Philadelphia earlier this month, a Wharton professor noted that one of the country’s biggest economic problems is a tsunami of misinformation. You can’t have a rational debate when facts are so easily supplanted by overreaching statements, broad generalizations, and misconceptions. And if you can’t have a rational debate, how does anything important get done? As author William Feather once advised, “Beware of the person who can’t be bothered by details.” There seems… Read More →

If You Keep Digging You’ll Come Up in China

During the first week of August, a group of green industry folks (including myself) attended and presented at the Dalian International Horticulture Forum. Two of my colleagues have provided excellent commentary regarding our excursion so I am including links to their comments below: Chris Beytes – GrowerTalks e- newsletter Dr. Marvin Miller – America in Bloom newsletter column Enjoy!

Japan, the Persian Gulf and Energy

Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially devastating effect. Japan depends on nuclear energy and it depends on the Persian Gulf, which is where it gets most of its oil. It was, therefore, a profoundly bad week for Japan, not only because of the extensive damage and human suffering but… Read More →

2010 Business Year in Review

Care to take a guess at the top events affecting businesses in 2010? The struggling economy was voted the top business story of the year by U.S. newspaper editors surveyed by The Associated Press. The rest, as they say, is history. 1. Economy struggles: Climbing out of the deepest recession since the 1930s, the economy grows at a healthy rate in the January-March quarter. Still, the gain comes mainly from companies refilling stockpiles they had let shrink during the recession. The economy can’t sustain the pace. The lingering… Read More →

The effect of the depreciating dollar

Dr. Parr Rosson, international trade economist for Texas AgriLife Extension provides a quick and dirty overview on the effect of the depreciating dollar on U.S. Agriculture (click here). Bill Conerly also offers his thoughts on its impact on small businesses (click here). Lastly, perspective from the WSJ (click here).

Floral Industry Ready to Move Forward with Standard Data Protocols

Electronic ordering, receiving and invoicing using product distribution and tracking technologies that transformed the consumer products delivery system are about to become a reality in the floral industry. Standard data protocols, including the Global Trade Item Number (GTIN, pronounced “gee-tin”) for boxes and the Universal Product Code (UPC) for bunches and bouquets, are now available. The Floral Logistics Coalition, a consortium of six industry trade associations including SAF, says automation will help trading partners meet market demand and stay competitive. Used for some time in other industries, the… Read More →

Protectionism, part 2

Based on my earlier post, Anonymous makes the following comment: Since you are an economist I would have expected your title to this entry to read “Depending on Where You Sit, Protectionsim Doesn’t Work Folks”. The tire retailers will sell tires no matter who makes them, China, Taliban or Americans. American tire makers do care. I would rather read your list of solutions for fair trade between nations instead and maybe find out the extent that Chinese tire manufacturers are competing on an even playing field their US… Read More →

Protectionism doesn't work folks

Here is a recap of the headlines regarding the recent tariff on imported tires: Obama to impose tariffs on Chinese tires: Obama imposes tariffs on China tires for 3 years, a decision that could anger Asian powerhouse China Strikes Back on Trade: Beijing Threatens U.S. Chicken, Car Parts After Washington Slaps Stiff Tariffs on Tires Stocks head lower on US-China trade concerns: Major indexes fall in early dealings amid concerns about US-China trade dispute Tire Tariffs Are Cheered by Labor: Mr. Obama ordered the tire tariffs after the… Read More →

Dollar is rebounding

The U.S. Dollar index for major currencies reached its highest level this year, and is at the highest level since December 21, 2007 (see chart below). Oil fell yesterday by almost $5 per barrel in the spot market to $112.43 (brent spot) and $115.20 (WTI) and below $115 in the futures market. The stock market rose by +300 points.

Middle class expanding — globally, that is.

While much attention has been placed on the shrinking middle class here in the U.S., Jim O’Neill, chief economist at Goldman Sachs, offers an interesting commentary of the expanding middle class globally in this weeks Financial Times: In the midst of the current widespread gloom and doom in the west, it is important not to lose sight of the true structural themes shaping our era. Linked to the current mood, commentators often depict an embattled and shrinking middle class, with sharply rising financial inequality. However, globally, this is… Read More →