The first thing to understand is that it is not a trade deal. It is Trump backing off his tariffs when he discovered that the tarrifs fall on US goods and American consumers, not on China. Trump is covering his retraction by calling it a trade...
Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, “If something cannot go on forever, it will stop.” The fact that his remark is obvious makes it no less profound. Simple denial or wishful thinking tends to...
A state-owned cryptocurrency is, in itself, a contradiction in terms. The main reason why citizens want to use cryptocurrencies or gold is precisely to avoid the government or central bank monopoly of money. For a currency to be a world reserve of...
After focusing his attention on his new charitable giving initiative involving Connecticut’s schools, Bridgewater founder Ray Dalio is turning his attention back to global markets, and has delivered more of the economic doomsaying that has characterized his...
The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
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