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 the most valuable parts of American ingenuity: innovation, technology and brand… As a result, China became the world’s largest exporter, with a significant trade surplus. American consumers benefited from low prices and Am
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Frank Byrd and Stephen Korn
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Is Bitcoin Fools Gold?
...be appropriate for their portfolios. Let us know if you’d like to schedule a conversation to discuss this.
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