Federal Reserve officials can no longer get rich when serving at the United States central bank. According to sweeping new rules announced on Thursday, the Eccles Building prohibited trading in individual stocks and bonds by top officials. Under the new measures, Fed members will be limited to owning only mutual funds, in which they will […]
Archives for October 2021
The U.S. government is coming for oil companies (again)
By: William L. Anderson In his first year in office, President Joe Biden has made it absolutely clear that he wants to make the oil and natural gas industries disappear. While even a progressive like Biden knows that it would be economically (and, one would hope, politically) disastrous to destroy those industries during his brief […]
From Evergrande to local debt, China’s coming economic collapse
By: Andrew Moran The Red Dragon has been slain by multiple economic swords, from the Evergrande crisis to mounting debt levels to power outages throughout the country. But did China’s economy head off a cliff when former President Donald Trump initiated a trade war? Or was Beijing’s inevitable demise accelerated by the coronavirus pandemic? Whatever the case may be, all the signals […]
BIDENFLATION: Poll finds most Americans blame Biden for soaring inflation
Is President Joe Biden most responsible for skyrocketing inflation in the United States? Many Americans seem to think so, says a new poll. According to a Morning Consult/Politico poll, 62 percent of registered U.S. voters say the president’s policies are very or somewhat responsible for soaring inflation. A little more than one-quarter (28 percent) said […]
China’s economy slows as GDP falls short of market estimates
China’s economy is not accelerating as much as many had hoped for, either inside the country or among global investors. According to the National Bureau of Statistics, China’s gross domestic product (GDP) advanced 4.9% in the third quarter from the same time a year ago. This fell short of the median estimate of 5.2% and […]