Columnists John Grace Opinion

ON THE MONEY: Trade tariffs could crush California’s economy

As we learned with the 1930 Smoot-Hawley Act, tariffs can backfire on the country that believes it’s a relatively painless way to affect change. By applying 40% tariffs on 20,000 incoming goods to the U.S. to protect our farmers, it may be the singular event that caused America to move past a serious recession to Read More…

Columnists John Grace Opinion

ON THE MONEY: Stock market undergoing a fundamental shift

Larry Kudlow recently suggested there would be no more interest-rate increases by the Federal Reserve during his lifetime. Based on actuarial tables, the director of the National Economic Council, who turns 72 this year, should last another 13 years or so. In other words, the president’s top advisor on the economy is OK with zero-cost Read More…