Joel L. Naroff

Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization's operating environment.

Latest Stories

Trump has weaponized tariffs. Here’s why that will inflict pain on U.S. companies for years.

Our trading partners will protect themselves by becoming less dependent on American products. China has incentive to restrict the export of rare earth metals, find alternative suppliers or develop industries to replace those that the U.S. dominates.

Trump’s weaponization of tariffs takes U.S. into uncharted, dangerous territory

Instead of the tariffs being used to correct unfair trade practices, they are being implemented to foster non-trade policy concerns. And that takes us into uncharted and dangerous places.

Should the Federal Reserve heed Trump’s call for interest rate cuts?

Despite claiming that the economy is great, the president, vice president and the administration’s economic staff are all clamoring for the Federal Reserve to cut rates sharply. Should the Fed do that?

Let’s talk about tariffs — who’s really paying and are they narrowing the trade gap?

What is a tariff? It is a tax on imported goods and as such raises the cost of those products. It is typically implemented to protect a domestic producer, equalize a subsidy foreign companies may receive or punish a foreign country for actions they have taken.

A closer look at candidates' plans for the economy

Well, Super Tuesday has come and gone, and the likely presidential candidates for each party look even more likely. No matter who wins the nominations, we need to start thinking about how to evaluate the candidates' economic strategies.

The economist's view on investing

As an economist, it is assumed I am an astute investor. The economy does determine the direction of the markets, right?

Oil production: A Slippery Issue

The world is awash in oil, and Congress has decided to do something about it. With the Saudis pumping like crazy, the Iranians returning to the market, and U.S. production near record highs, oil prices are the lowest in more than a decade, and gasoline prices are back to their Great Recession...

Tale of Two Streets

Once again, we are coming face to face with a simple reality: Wall Street and Main Street sometimes operate in parallel universes.

Giveaway Season

This holiday season, Congress decided, once again, that it is really important to give. The budget agreement passed in mid-December was an example of the good old-fashioned pork-trading typical of past Congresses - at least until political purity and party warfare became the preferred form of...

Giveaway Season

This holiday season, Congress decided, once again, that it is really important to give. The budget agreement passed in mid-December was an example of the good old-fashioned pork-trading typical of past Congresses - at least until political purity and party warfare became the preferred form of...