How Trump Is Following Obama’s Playbook

“Over a thousand Americans are working today because we stopped a surge in Chinese tires.” President Barack Obama congratulated himself for a job well done in his 2012 State of the Union address. In the first year of Obama’s presidency, China was dumping tires into the U.S. market. This was great for consumers who needed […]

The Case Against World Trade

Scott Schmidt is about to lose his job. So are the 221 other workers at the General Electric (GE) engine plant in Waukesha, Wisconsin. GE has found that moving its production to Canada would make doing business easier across the board. It’s looking to make the move later this year. Some of the workers are […]

May 7 Could Signal the End of Globalization

“It is essential that [our country] gets back control of its national borders once and for all. Without borders, neither defense nor security is possible.” The quote above looks like it could have come straight from Donald Trump’s mouth. We wouldn’t be surprised if you thought so, too. No… President Trump didn’t utter those words. […]


Ignore This “Voodoo Theory” About Risk and Reward

“To increase your returns, you need to take more risk…” —All mediocre money managers Wall Street and academia tell you that to increase your returns, you need to add more risk. They even have fancy terms for it: “modern portfolio theory” or “efficient market hypothesis.” These theories claim that you can’t beat the market… Or […]

Load Up on These Assets to Quadruple Your Portfolio Returns

In yesterday’s Daily, we showed you a simple exercise to strengthen your portfolio against volatility in the stock market. We called it the “barbell portfolio.” On one side, you load your portfolio with 50% stocks. On the other side, you balance it with 50% gold. Over the last 20 years, the barbell portfolio outperformed holding […]