If Hezbollah Collapses, It Opens The Curtains On Israel Vs. Iran

Economists are questioning whether US presidents are learning from past economic policies, but presidents can also ask the same about economists. Donald Trump has proposed protectionist plans, including "ultra-low taxes and regulations" zones, which economists have criticized. However, economists have no issues when emerging markets set up similar zones and lure Western firms to relocate. This double standard is based on the assumption that lower prices are better, but it ignores the value of jobs and industries. Protectionism has been successful in the past for countries like the US, Germany, and China, helping them climb the development ladder. Tariffs can be a stimulus to industrial growth if they generate higher or better-paid employment and increase production. Economists are also critical of Kamala Harris's economic plan, which includes strategic tariffs on China and actions against "price gouging." The US is facing a potential port strike that could paralyze logistics, and economists' forecasts do not account for the potential disruption. The US Navy has also lost a key oiler, which could impact its ability to refuel at sea. Middle East tensions are high, with Israel shifting its strategy against Hezbollah, and the West lacks leadership on the issue. Markets are not learning from China's economic policies, which include daring policy campaigns to stimulate growth. The US is banning Chinese EVs and talking tariffs, while China is prioritizing a stock rally. China has also fired a dummy ICBM into the Pacific, making headlines. The Fed is considering another rate cut, but some people are not learning from past economic mistakes.