Well, grab a lifetime supply of popcorn because we are in for a long ride on the U.S.-China trade roller coaster, warns Larry Kudlow. Speaking to reporters outside the White House, Kudlow warned that trade negotiations could go on for longer, even lasting a decade. “A deal of this size and scope and central global […]
Archives for September 2019
Is the Chinese economy one giant Ponzi scheme?
By: Andrew Moran We typically imagine the Chinese entrepreneur crunching numbers, working around the clock to boost the economy, and repeating Communist propaganda about the West being the supreme devil. But we might have it wrong. Considering that the major source of funding for tens of thousands of companies in China originates from the central bank’s […]
Random Friday: August jobs report, Americans bearish on economy, #CNNClimateTownHall
News Story of the Day: Ouch, that’s gotta hoit! After anticipating job creation topping 150,000, the U.S. economy only recorded 130,000 new jobs, leaving the unemployment rate unchanged at 3.7 percent. The sectors with the biggest gains were professional and business services (37,000), government (28,000), healthcare (24,000), and finance (15,000). The manufacturing industry only posted […]
America’s GDP per capita would be wiped out if not for debt machine
By: Andrew Moran In the aftermath of the last economic collapse, politicians and bureaucrats peddled easy money that quickly turned the US population into addicts, justifying this process as a way to resuscitate the economy and generate growth. Spend, spend, spend – and a little bit more spending – enabled the government’s appetite for waste and […]
BREAKING: China announces it will meet with U.S., hints it may strike a trade deal
Trade war is coming to an end! Wait… Trade war is back on! Wait… Trade war is nearly over. Wait… Trade war has escalated. Wait… Well, you get the point. The latest phase looks like the United States and China are trying to deescalate the situation. That is until President Donald Trump tweets something outrageous […]