

Frank Byrd, CFA
- Apr 22, 2018
The Thing about Artists
Amen of the Week From Jack Ma, founder and executive chairman CEO of Alibaba, on the flawed logic behind today’s brewing trade war: “The U.S. has a structural trade deficit with China because of the market forces of comparative advantage: Economies produce what they are best at making and import other things… American economic policy for the past 30 years encouraged U.S. companies to outsource labor-intensive manufacturing to China and other Asian countries while retaining th