By: Lucas Vaz Brazil is undergoing what is considered its worst economic crisis in seventy years, and there is usually no agreement when it comes to the causes of this situation. President Rousseff and the Labor Party say that it was the corollary of the “International Crisis,” a ghost of the 2008 depression created in […]
Archives for January 2016
Chart shows PBOC, government trying to regulate Chinese stock market
The chart below may be too complicated to fathom, but it’s a glimpse inside the mind of a central planner, or a government. Friedrich Hayek would have had a field day with this kind of chart as he had written on numerous times about the dangers of central planning, and how the economy is too […]
Report: U.S. budget deficit, debt set to soar after Obama exits White House
Did you hear? The United States economy is all rosy, the fiscal picture in Washington is superb and, according to former House Speaker Nancy Pelosi, the cupboard is bare and there is nothing left to cut. President Obama and his supporters usually allude to the fact that the federal budget deficit has fallen by about […]
Donald Trump wants U.S. economic bubble to pop before he becomes president
At this point in the primary cycle, Donald Trump is likely to be the Republican nominee. As far as becoming president, that will go to statist-in-waiting Hillary Clinton. But if Trump pulls of the miraculous win and defeats Clinton come Novermber, how will the United States economy be doing by then? It’s like that any […]
End of cash AND end of plastic? JPMorgan installing card-free ATMs
The end of cash is one of the biggest trends happening all over the developed world. The logical conclusion is that cash will be replaced by plastic. Not so. In fact, the next trend could be the end of plastic as well. Later this year, JPMorgan Chase will install brand new, state-of-the-art ATMs that will […]