Underlying demographic realities show that those current policy preferences for immigration restrictions stand at cross-purposes with the needs of the U.S. economy.
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Joseph Brusuelas
Morning market minute: Modeling the impact of tariffs
A simple exercise that assumes tariffs of 25% across the board and 60% on Chinese goods implies that the U.S. economy over the next decade would be approximately 2% smaller than it otherwise would be. … READ MORE >
Morning market minute: How tariffs fall harder on lower-income households
Tariffs, or import taxes, are inherently regressive, as lower-income households spend a greater proportion of their earnings on day-to-day expenses. … READ MORE >
Morning market minute: Regime change and financial conditions
Secular stagnation that for years featured low inflation, low interest rates and plentiful capital has been replaced by competition for capital, higher inflation and higher interest rates. … READ MORE >
Morning market minute: The tax over policy uncertainty is rising
Volatility across asset markets has been rising as investors adjust to changes in fiscal, trade and financial policies. Will this volatility spill into the real economy? … READ MORE >
Morning market minute: Emerging market currencies at risk of depreciation
Economies with inadequate capital buffers, economic imbalances featuring large import volumes or those with weak financial systems will be at risk to larger-than-anticipated currency depreciations. … READ MORE >
Morning market minute: Tariffs, supply chain pressures and inflation
There is a link between disruptions to the flow of trade and durable goods inflation. … READ MORE >
American exceptionalism: Job gains of 256,000 to temper calls for further rate cuts
The American economy remains at full employment and will remain tight for the near future, which should temper calls for the Federal Reserve to cut rates further. … READ MORE >
Morning market minute: Net immigration, population growth and U.S. employment
This influx of immigrants is one of many reasons why the U.S. economy has grown by nearly 3% over the past two years. … READ MORE >
Morning market minute: India’s rising capital buffer and the end of its currency peg
As India has gained prominence in the global economy, its central bank, the Reserve Bank of India, has wisely increased the level of foreign exchange holdings. … READ MORE >