By: Pierre G. Villere
In late June and early July, the stock market indexes all rallied to new, all-time highs, capped off by a surging Dow Jones Industrial Index that closed at a record high on the day before Independence Day. This came about as trader sentiment, whether it is the retail day trader or the institutional investor managing billions, strengthened over what appears to be a thawing on the issues of both tariff negotiations, as well as the general trade picture.
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By: Pierre G Villere
The immigration debate continues to rage in Washington, D.C., with some in the Republican party now parting ways with President Trump on the issue of the 5 percent tariff on goods manufactured in Mexico. The move has roiled much of American industry because we are so reliant on Mexican imports, and likewise our own domestic manufacturers are so reliant on exports to Mexico’s burgeoning middle class. The dispute is just another example that points to how important prudent immigration policy is for our nation, as legal immigrants have been the mainstay of America’s population growth, and corresponding economic expansion, for almost 250 years.
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By Pierre Villere
If you flip to my column this month in Rock Products, the sister publication to this magazine, you will read the same opening paragraph, more or less, so I thought I would repeat a brief background on how I wound up on the pages of these fine publications from SEMCO Publishing.
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