China’s Economy “Worse Than You Think” Jim Chanos of Kynicos conlcuded long ago that China is a house of cards WASHINGTON – A few years ago, Jim Chanos of Kynicos Associates made news because he had the temerity to...
A Made In China Global Recession? Too much debt in China may trigger a global crisis WASHINGTON – After the disastrous 2008 global financial crisis triggered by crazy speculation in the US, the world has...
The Appeal Of Easy Fixes Despondent Americans eager to listen to demagogues WASHINGTON – There is great appeal in fundamental beliefs that can be summarized in short sentences. The problem is...
Capitalism In Peril? Dangerous public policies have undermined the pillars of the free market system WASHINGTON – In a well crafted WSJ op-piece (The World-Wide Undermining of Free Markets, August 11, 2015), financial adviser...
End Of The US Recovery? The slow expansion has been going on for more than 74 months. How long before the next recession? WASHINGTON – Ultra-contrarian David Stockman (davidstockmanscontracorner.com) is warning us that the tepid economic recovery America has enjoyed so far,...
US Media Tell Us That America Is Doing Well Many experts portray economic mediocrity as good news WASHINGTON – Despite evidence to the contrary, most media tell us that all is well with the US economy....
How Bad Is The Chinese Economy? While there is little transparency, what we know creates a scary picture WASHINGTON – There is no way to tell which way the Shanghai Stock Market is headed. However, it is...
Obama’s Nairobi Speech In Praise of Enterprise Not Well Reported – A Pity Most media focused on what the President said about enterprise as an antidote to political violence. Yet Obama said a lot more WASHINGTON – US President Barack Obama traveled to Nairobi, Kenya to address a US-sponsored international forum on entrepreneurship. He...
FT: Europe Undergoing High Tech Transformation – Really? A long report announces that massive amounts of venture capital are funding European tech companies WASHINGTON – If you look at mainstream media, the news is that slowly but surely “Europe is back”. With...
China Is Not A Market Economy The Chinese Government intervened to prevent a stock market crash in order to avoid political fallout WASHINGTON – The Chinese government’s reaction to the recent Shanghai and Shenzhen stock market crashes and ensuing panic provides...