Well, this is not surprising at all. Remember all those billions of dollars that President Donald Trump threw at the nation’s agricultural sector to weather the storm during the U.S.-China trade war? It turns out that the richest farmers received a bulk of the federal assistance. According to a new study by the Environmental Working […]
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STUDY: 60% of U.S. business closures are permanent
The coronavirus pandemic has decimated the private sector. But was it COVID-19 or democide that results in the evisceration of small business? Either way, most companies that have shuttered their downs since March will not reopen, according to a new Yelp report. The September Local Economic Impact report discovered that 97,966 businesses on the website […]
Is the U.S. dollar collapse greatly exaggerated?
By: Daniel Lacalle The US Dollar Index has lost 10 percent from its March highs and many press comments have started to speculate about the likely collapse of the US dollar as world reserve currency due to this weakness. These wild speculations need to be debunked. The US dollar year-to-date (August 2020) has strengthened relative to 96 out […]
Steven Mnuchin: Stop worrying about the deficit, Fed balance sheet
Are you losing sleep at night over the deficit? Do all of your conversations surround the national debt? Well, stay calm and listen to Treasury Secretary Steven Mnuchin. Speaking an in interview with CNBC, Mnuchin recommended that the United States should not be concerned about the federal deficit or the Federal Reserve’s exploding balance sheet. […]
Japan’s Abenomics: A Review
By: Andrew Moran Prime Minister Shinzo Abe recently announced that he is stepping down due to his deteriorating health condition. The longest-serving prime minister in Japanese history will stay on as head of state until a successor is chosen. With the Abe era coming to an end, it would be apropos to assess his chief policy: Abenomics. What […]