International Trade

August 12, 2014
Everyday Economics: The Contents of Refrigerators, Supply and Demand, and Global Markets
Published by Elaine Schwartz at August 12, 2014
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What Refrigerators Can Tell Us About Global Markets

In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.

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August 11, 2014
weekly economic roundup and pension income systems
Published by Elaine Schwartz at August 11, 2014
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Will You Get Your Social Security Benefits?

The 2014 Social Security Trustees Report says that after we deplete the remains of the program's trust funds in 2033, payroll taxes will not provide all promised benefits.

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July 31, 2014
Violating the sanctity of contracts, Argentina has again defaulted on her sovereign debt and diminished her ability to borrow.
Published by Elaine Schwartz at July 31, 2014
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Argentina's (Long) Default History

With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.

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July 4, 2014
Weekly Economic News Roundup and economic independence from Alexander Hamilton
Published by Elaine Schwartz at July 4, 2014
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Celebrating Economic Independence

Yes, the United States declared independence from Great Britain on July 4, 1776 and won the American Revolutionary War. But still, we were not truly independent. George Washington’s Secretary of […]

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April 27, 2014
In Russia now, and 35 years ago in the US, stagflation is a tough problem.
Published by Elaine Schwartz at April 27, 2014
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When Did We Get “Tough Love” From the Federal Reserve?

Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary […]

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April 10, 2014
Weekly Economic News Roundup and economic growth and uncertainty
Published by Elaine Schwartz at April 10, 2014
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Why Would the Nigerian GDP Double Overnight?

We might have to say BRINC rather than BRICS. As a developing nation with the highest GDP in Africa, South Africa has been the “S” in […]

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March 22, 2014
avocados and elephants
Published by Elaine Schwartz at March 22, 2014
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The Unintended Consequences of Banning Ivory Sales

New US ivory regulations have had unintended consequences. During November 2013, the US government “pulverized” nearly 6 tons of elephant ivory from Asia and Africa. Intending to […]

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March 13, 2014
China's child policy and milk consumption
Published by Elaine Schwartz at March 13, 2014
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More Expensive Ice Cream?

Milk prices are going up. And yet, in the US, we are drinking less milk. According to Corey Geiger, managing editor of Hoard’s Dairyman magazine, one reason is […]

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March 11, 2014
Weekly Economic News Roundup and driving behavior
Published by Elaine Schwartz at March 11, 2014
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Venezuela Has Cheap Gas But No Cars

At the official exchange rate, Venezuelans pay 5 cents a gallon for premium gasoline while the real price is closer to one half penny a gallon. The […]

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February 27, 2014
Weekly Economic News Roundup and Trump China tariffs
Published by Elaine Schwartz at February 27, 2014
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B(T)FF… Best Trading Friends Forever

We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the […]

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