Economist Ted Bauman has been doling out advice on investment strategies for a number of years. He presently lives in Atlanta, Georgia, and is the editor of a few financial publications put out by Banyan Hill Publishing. Prior to this he had been living and working in South Africa where he worked for nonprofits that develop low-cost housing projects in multiple countries. One of these organizations was Slum Dwellers International which has built projects in Latin America, Asia, and Africa.
Since Prince Harry is now part of the household of a U.S. taxpayer, his financial affairs — and those of the entire royal family — are now reportable to the IRS.https://t.co/DwcwGhxT1F#Prince #PrivacyProtection #PrivacyCode #CyberSecurity #Economy #Trading #Investing #Stocks pic.twitter.com/V7c6xzvYDV
— Ted Bauman Guru (@TedBaumanGuru) June 4, 2018
Ted Bauman is a graduate of the University of Cape Town which is where he double-majored in economics and history. He also has degrees from The State University of New York and Georgia State University. The latter two degrees were for business administration and an MBA in finance respectively.
He has written a few articles recently about how the current long-running bull market is going to die. What is going to kill it off is Trump’s trade war with China. America currently has an annual trade deficit of $330 billion with China. The US’s annual trade deficit with the rest of the world is $550 billion. Trump has come under the belief that he can fix these trade deficits by slapping tariffs on things.
A large part of the reasons for these trade deficits lie with Washington D.C. policies and corporate America, Ted Bauman has written. He says that American companies have been offshoring significant parts of their businesses in other countries since the 1980s that have cheaper labor costs and lower corporate taxes. However, Ted Bauman says that once you add this foreign income in the United States actually runs a surplus with Mexico, Canada, and other countries around the world.
He has also been writing about Amazon. While many people think Amazon should be considered a monopoly Ted Bauman isn’t one of them. He points out that Walmart actually generates three times as much annual revenue as Amazon does. He said that the Kroger grocery chain generates more income than Amazon does as well. They have 44% of the online market which, while huge, leaves plenty of room for competition.
Learn More: www.talkmarkets.com/contributor/Ted-Bauman