We Are Being Killed On Trade – Rapidly Declining Exports Signal A Death Blow For The U.S. Economy

We Are Being Killed On Trade – Rapidly Declining Exports Signal A Death Blow For The U.S. Economy: "In a recent study, three economists — David Autor at the Massachusetts Institute of Technology, David Dorn at the University of Zurich and Gordon Hanson at the University of California, San Diego — raised a profound challenge to all of us brought up to believe that economies quickly recover from trade shocks. In theory, a developed industrial country like the United States adjusts to import competition by moving workers into more advanced industries that can successfully compete in global markets.

They examined the experience of American workers after China erupted onto world markets some two decades ago. The presumed adjustment, they concluded, never happened. Or at least hasn’t happened yet. Wages remain low and unemployment high in the most affected local job markets. Nationally, there is no sign of offsetting job gains elsewhere in the economy. What’s more, they found that sagging wages in local labor markets exposed to Chinese competition reduced earnings by $213 per adult per year."

Norton's Commentary:

Listen-up School Boards and Educators and Politicians ... and Wall St:

The future of America is in our youth, no matter what their ethnic or home country origin.  The solution to reviving the Middle Class which still drives the overall economy, is in starting with early, pre-school education that qualifies our kids for the future good paying jobs.  Those jobs require critical thinking, learning what primary sources of information means, creative / out-of-the-box thinking (relating to both mechanical, visual artistic thinking and the same in the virtual, digital world) which will solve the macro and local economic issues that roadblock our continuing position of leadership in the World Economy. Hoop-to-it!  This is not a political issue, it is a USA survival issue.

|education|pre-school|Creativity|Middle-class|USA leadership|

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Guess who is supporting breaking up the BIG BANKS!

Those in the know, offer a peep hole into the inside powerhouse of the bank investment divisions opperations in high, risky finance that caused the 2008 crisis. We should be listening carefully and doing our part to dismantle the corrupt power structure of the "Too Big to Fair" supporter.

"...Neel Kashkari is a former Goldman Sachs Group (GS) exec who gained notoriety for managing the TARP bank bailout program here during the credit crisis. Now, he’s the Minneapolis Fed president, and he’s advocating for potential breakups of the nation’s largest banks. The effort would face a huge amount of resistance in Washington and on Wall Street, so we’ll have to see if it gains any traction..." From 

Federal Reserve’s Kashkari Says Banks ‘Still Too Big to Fail’ - The New York Times

Federal Reserve’s Kashkari Says Banks ‘Still Too Big to Fail’ - The New York Times: "“I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy,” Mr. Kashkari said at the Brookings Institution."



This commentary is not from some left wing nut.  It is from an architect of the legislation to prevent another financial collapse like 2008. He's the President of a regional Federal Reserve Bank!  LISTEN UP! Are you prepared? comments by Norton West.



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| systemic risks | banking too big to fail | banking collapse again |

bipartisan effort to overturn the protections established in the darker days of the Great Depression.

An Economic Hijacking of American Democracy

Jesse's Café Américain: The Role That the Clintons' Played in Enabling the 2008 Economic Crisis and Financial Coup d'Etat: "bipartisan effort to overturn the protections established in the darker days of the Great Depression."

"...bipartisan effort to overturn the protections established in the darker days of the Great Depression...."

Norton's commentary: An Economic Hijacking of American Democracy

While I will probably vote for Hillary Clinton, we must all know the source of our continuing corruption or the strings that control the voting public and economic destinies of middle America.  Who let the hunting dogs to run free (oligarchs) and the expense of the voting public? It's Bi-partisan? 

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