NO ONE JUST HATES MEXICANS:

In the lobby of an upscale Tel Aviv hotel, Abby Joseph Cohen, perhaps one of the best known market strategists and economists in the US, could be mistaken for a garden-variety American tourist. She carries a little blue backpack and wears sensible flat shoes and a conservative cardigan. Her curly hair gently frames her face and she keeps her voice calm, more like a teacher than a Wall Street savant.

But she imparts her knowledge with authority and clarity. In an interview with The Times of Israel last week, the conversation ranged from global trade wars to anti-immigration sentiment to US corporate debt to the impact of Brexit on the world. [...]

There is a global backlash against immigration which can be noticed in many countries, and in the US "we now have a president who has taken on some very anti-immigrant positions," she said.

But what is interesting about this anti-immigrant position in the US, she said, is that the US is actually "dependent upon immigration."

"One of the reasons our economy has been stronger and grown faster than the economies in Europe and Japan -- and I'm comparing us to the developed economies -- is because we have faster population growth. And we have faster population growth in large part because of immigration," she said.

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