Employment increases after taxes are cut for most income earners -- but not when tax cuts target the top 10% of earners -- according to recent research in the Journal of Political Economy.

These studies show that the trade war is a net loss for the world economy. And if a global trade war broke out, the economic hit could approach that seen during the Great Recession.

In early August 2019, exchange rates between the yuan and the dollar crossed a 7-to-1 threshold that many media outlets called “psychologically important.” What does psychology have to do with international financial markets? A lot.