Category Archives: Economics

US Economy Over 50% Larger Than China’s

The truth is that China has always been weak, even if its outward behavior is aggressive, even obnoxious. But beneath the confident exterior is a nation that still cannot feed itself, lacks stable sources of energy and is addicted to … Continue reading

Posted in China, Economics | Tagged | 2 Comments

Will Global Attitudes Toward China Change?

US Attitudes Toward China are Changing Throughout the Obama presidency, Americans believed China to be the leading economic power in the world — although it remained solidly in second place. This attitude began to change in 2016, and now Americans … Continue reading

Posted in China, Economics | Tagged | 3 Comments

Novel Coronavirus: Making Ghost Towns

The streets are almost empty. Roped-off playgrounds gather dust instead of giggles. Aside from grocery stores and emergency facilities, virtually nothing is open. Shanghai and the public life that flowed through its concrete veins disappeared. Old Shanghai shopped; new Shanghai … Continue reading

Posted in China, Economics | Tagged | 1 Comment

Will Shanghai Become World’s Top Financial Center?

At this time, the global cities at the top of the financial services industry are all located outside of mainland China — for good historical reasons. But according to opinions reflected by the graphic above, a significant number of the … Continue reading

Posted in China, Economics | Tagged | 2 Comments

You Just Can’t Get a Good High Yield Bond Any More!

Interest rate returns for bonds and investment accounts just are not what they used to be! Below is a graph showing the historical fall in bond yields, followed by a graphic revealing the historical decline of interest rates. Fall in … Continue reading

Posted in Economics, History, Uncategorized | Tagged | 1 Comment

Why 100,000 Typically Want to Go to Trump Rallies

Donald Trump spoke to the “woke billionaires” at the WEF in Davos, but they were not necessarily listening. The World Economic Forum has a different vision for the future, which is less concerned about whether people have jobs, and more … Continue reading

Posted in Donald Trump, Economics, Politics | Tagged

Global Innovation: Foundations and Futures

Turnover is common on the Bloomberg Innovation Index. The 2020 list is no exception, as nations are rising and falling in the rankings across the board. Who Will Lead in Innovation in 2030? China is catching up with the rest … Continue reading

Posted in China, Economics, Europe, innovation, University | Tagged | 2 Comments

Making Government Unnecessary III

Large and unwieldy governments such as those of China, the EU, the USA, or Russia, must be dismantled piece by piece. The most salient aspect of large government is bureaucracy. Dismantling bureaucracy — making bureaucracy unnecessary — is a good … Continue reading

Posted in Disruptive Technologies, Economics, Government, Making Government Unnecessary, Politics | Tagged

In California You Must Have Solar Panels

As of January 1, 2020, all new houses built in California must incorporate photovoltaic panels in the construction. This government mandate is expected to add between $9,000 and $20,000 to the cost of each new home. Median home prices in … Continue reading

Posted in Demographics, Economics, Energy, Sun | Tagged , | 1 Comment

Global Economic Foreshocks

Anglospheric Economies Set to Grow Anglospheric countries such as the UK, Canada, and the US are expected to experience economic growth. The UK is expected to benefit from a new trade agreement with the US, perhaps similar to the one … Continue reading

Posted in China, Donald Trump, Economics | Tagged

If This is the Best they Can Do . . .

… And it probably is. Joe Rogan’s congenial interview with presidential candidate Andrew Yang brought more attention to the former entrepreneur than any advertising his campaign may have bought. He is clearly at or near the top of the field … Continue reading

Posted in careers, Economics, Politics | Tagged , | 2 Comments

What Crawled Up Your @ss?

Something strange is crawling this way. Where it stops, nobody knows. This robot moves like a worm, inching its way up the rectum and around the entire colon… It’s meant to serve as an alternative to traditional colonoscopy, an uncomfortable … Continue reading

Posted in Biomedicine, Economics | Tagged | 2 Comments

US President Trump Winning Black and Hispanic Voters

Democrats Always Took These Votes For Granted Donald Trump is appealing to people’s pocketbooks, and to their sense of order and tradition — something that US Democrats are disregarding. Unemployment in America is at the lowest level in nearly 50 … Continue reading

Posted in Donald Trump, Economics, Politics | Tagged | 2 Comments

Is the US Stock Market on the Verge of Crashing?

A lot of people will claim to be able to predict when markets will crash. But markets are full of chaos — “unknown unknowns” — and will burn the would-be prophets almost every single time. What We Know In the … Continue reading

Posted in China, Economics | Tagged ,

Jamie Dimon: Most Prosperous Economy Ever Seen

Chase CEO Jamie Dimon was interviewed by 60 Minutes host Leslie Stahl. Ms. Stahl tried her best to draw a pessimistic response from Mr. Dimon. But the dogged reporter could not shake the financier’s optimism. Lesley Stahl: The stock market … Continue reading

Posted in Economics | Tagged | 1 Comment

China is Invincible

Chinese People are Ambitious, Industrious, and Intelligent Insofar as China is built upon the Chinese people, its future is solid. The Chinese people are bright, resourceful, resilient, hard-working, and above average for incremental innovation. The problem — and it is … Continue reading

Posted in China, Economics | Tagged

Obama Disapproves of Trump

Trump Approval Numbers Higher Than Obama’s It may have something to do with the economy, but Trump has higher approval numbers at this point in his first term than Obama did at the same time in his presidency. Trump’s approval … Continue reading

Posted in Economics, Politics

Economic Freedom of the World and an Abundant Future

Nations that are economically free out-perform non-free nations in indicators of well-being Nations in the top quartile of economic freedom had an average per-capita GDP of $36,770 in 2017, compared to $6,140 for bottom quartile nations (PPP constant US$) (exhibit … Continue reading

Posted in Economics, Europe | Tagged | 1 Comment

Global Economy Unsettling, Shifting Slowly

For decades, the global economy was growing on the backs of the BRICs — China, India, Russia, Brazil, etc. China, in particular, boosted the economies of raw material exporters around the world. High tech exporters such as Germany have also … Continue reading

Posted in China, Economics | Tagged | 1 Comment

Show Me the Money!

Note: Estimates below are from 2015. For purists, who believe “money” refers only to physical “narrow money” (bank notes, coins, and money deposited in savings or checking accounts), the total is somewhere around $36.8 trillion. If you’re looking at “broad … Continue reading

Posted in Economics | Tagged | 1 Comment

When Capitalism Saved Sweden

Sweden’s economic history encapsulated: Sweden was once capitalist, and it grew rich. Then Sweden turned socialist, and it grew poor. Then Sweden turned capitalist again, and it was saved! If you think Sweden is socialist, then you know something that … Continue reading

Posted in Economics, Politics | Tagged

Leftist Economics: The Magical Accretion of Wealth

As George Orwell observed, “there are some ideas so absurd that only an intellectual could believe them.” __ https://www.providencejournal.com/opinion/20190319/my-turn-mackubin-thomas-owens-ignoring-socialisms-countless-corpses Socialism is once again fashionable in certain circles of American society — particularly in the university, the media, political activist circles, … Continue reading

Posted in Economics, Ideology, Politics | Tagged | 1 Comment

Nations Ranked per capita GDP 2019

GDP is not the best measure of a nation’s wealth, since the nation that deliberately demolishes a building for no good reason then rebuilds it, will be assigned more points toward its GDP than a nation that simply builds a … Continue reading

Posted in China, Economics, geopolitics, Russia | Tagged | 3 Comments

US Government Stuck in Deep Debt Rut

According to respected China economist Michael Pettis, US debt must continue to rise. In the article linked above, Pettis explains that the US has fallen into a debt trap from which it will be extrememly difficult to escape — although … Continue reading

Posted in Donald Trump, Economics, Obama | Tagged

Stock Markets and Oil Prices Rise in Synchrony

Stocks and Oil Rebound on the Fourth Day As of noon Eastern Standard Time, stock market indexes had risen 2 – 3 % while oil prices had risen roughly 2%, from their lower levels in late 2018 and early 2019. … Continue reading

Posted in Economics, Oil Prices | Tagged