Category Archives: Economics

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 , | Leave a comment

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

The Universe is Infinite: Economic Growth is Forever*

Since Dawn of History: Humans Discover Opportunity and Growth Human progress and economic growth followed a natural — but bumpy and uneven — track. Agriculture led to surplus wealth, cities, specialisation of labour, and trade. Despite thousands of years of … Continue reading

Posted in Economics, expansive future, Ideology, Politics, Space Future | Tagged | 3 Comments

Why President Trump is Determined to Spank Chairman Xi

Update: China’s Great Leap Backward China Enters a Stage of Vulnerability Here are some vulnerabilities, all of them affecting China’s economy and the Communist dictatorship’s ability to project power. Corruption challenges the dictatorship’s legitimacy. Managing the complex economy and addressing … Continue reading

Posted in China, Demographics, Donald Trump, Economics | Tagged , | 2 Comments

US Prosperity: Europe is Poorer, But Switzerland is Better

… if you look at the U.S. average ($54,629), it obviously is higher than economic output in European nations. And if you prefer direct measures of living standards, then data on consumption from the OECD also shows that America is … Continue reading

Posted in Economics, Europe | Tagged | 2 Comments

Obama Marvels at Donald Trump’s Big “Magic Wand!”

Two years ago, Barack Obama proclaimed that the only way that Trump could boost economic growth and manufacturing in the US, was to wave a “magic wand.” Former Obama economist Larry Summers famously declared that economic growth in the US … Continue reading

Posted in Donald Trump, Economics, Obama | Tagged

Shocking Rules for Preventing Personal Poverty

According to the British Cohort Study, following just a few rules in adolescence and early adulthood will reduce your likelihood of being impoverished. Finish High School, or the equivalent Avoid Teen Pregnancy Avoid Long Term Unemployment in Your Early Twenties … Continue reading

Posted in careers, Economics | Tagged | 1 Comment

I Could Not Find Sex Dolls on This Chart

The prices for hospital care and college tuition are shooting through the roof, while prices for televisions and computers have been dropping. Automobile prices have been relatively flat, while wage increases are barely outrunning the increases in costs for food … Continue reading

Posted in Economics, Sex | Tagged | 2 Comments

Is There a Recipe for Disruptive Innovation?

Singularity University’s Global Startup Program The Singularity University (SU) is Ray Kurzweil’s and Peter Diamandis’ attempt to bring about radical planetary change for the better. The SU’s Global Startup Program is a boot camp and training program for entrepreneurs who … Continue reading

Posted in Economics, innovation | Tagged | 1 Comment

Open Source Innovation: From Out of Nowhere

The Disruptive Innovation That Knocks You On Your Ass These types of innovations often come from out of the blue. The more open the society, the more types of financing can be discovered to take a blockbuster innovation from new … Continue reading

Posted in Creativity, Economics, innovation | Tagged | 2 Comments

Empty Towers on Debt Mountains: China’s Vulnerability

Until now, China has managed to keep its huge raft of nonperforming debt afloat thanks to capital inflows, as successive waves of quantitative easing pushed dollars into the world. A tighter dollar would seem to make the bursting of China’s … Continue reading

Posted in China, Economics | Tagged ,

What Does Full Employment Look Like?

We can get a good picture of full employment by looking at Midland, Texas, where the unemployment rate hovers near 2%. Finding workers to do ordinary jobs as teachers, restaurant cooks, bus drivers, city workers, prison guards, etc. is getting … Continue reading

Posted in careers, Economics, Energy, Shale Oil & Gas Revolution | Tagged

Saving the US from the Obama Decline

The Obama Economic Decline One reflection of the Obama economic decline was the stark drop in labor participation rate over the 8 years of the Obama presidency. Under Obama, Americans exhausted themselves in the search for opportunity, and millions of … Continue reading

Posted in Donald Trump, Economics, Obama | Tagged , ,