Wilbur Ross

Businessman

Nationality: American Born: November 28, 1937

Alan Alexander Milne, better known as A. A. Milne, was an author and poet from England, who was particularly famous for being the creator of the character Winnie the Pooh. Milne was educated at the University of Cambridge and initially worked as a playwright; however it was as the writer of Winnie the Pooh in 1926 that he became famous. It was followed up by The House at Pooh Corner two year later. Other than that, he was a prolific writer who wrote children’s short story and poetry collections, newspaper columns, plays and had also been a columnist for the popular magazine Punch.
The E.U. is one of our largest trading partners, and any negotiations legally must be conducted at the E.U. level and not with individual nations.
I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable.
If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did.
We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.
There are deep value opportunities in insurance stocks, which were beaten down because of their exposure to the subprime crisis, annuities, and commercial real estate.
I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market.
In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula.
If people know you have the big bazooka, you probably don't have to use it.
The whole idea of a trade deal is to build a fence around participants inside and give them an advantage over the outside. So there's a conceptual flaw in that, one of many conceptual flaws in NAFTA.
The rules of origin in NAFTA need some tightening. Rules of origin are what let material outside of NAFTA to come in and benefit from all the taxes and tariff reductions within NAFTA.
We are the world's biggest importer. We need to treat the other countries as good suppliers.
I believe if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot.