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You f…g Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians? Richard Meddings, Standard Chartered’s Finance Director, said in 2012 America under Donald Trump is emerging as the global bully. Canada, Japan, the United Kingdom, the rest of the EU and for that matter, […]
I hope what I’m about to say turns out to be too pessimistic and very wrong. But as an alternative scenario it must be considered. Right now, the smart money says a trade war with China Is not going to happen. Accordingly, Trump is just bargaining for a China more open to American business and […]
What really makes China so scary today is the fact that it has so many people, and it’s also becoming an incredibly wealthy country so that our great fear is that China will turn into a giant Hong Kong. And if China has a per capita GNP that’s anywhere near Hong Kong’s GNP, it will […]
Investors are drooling with anticipation that the coming Trump regime through lowering taxes, removing regulatory barriers and stimulating economic growth will continue to boost the stock market. As a bonus, there is the prospect of repatriation to their corporate owners of trillions of corporate dollars that are “trapped” abroad by American taxes. According to one […]
As an ex died-in-the-wool monetarist, I have been shocked by the fact that no amount of monetary excess by central banks has brought about global inflation. While I wouldn’t argue with the fact that big debt overhangs from the Great Recession of 2008 have inhibited spending and hence aggregate demand, I believe the fundamental deflationary […]
Whenever we buy products made in China— and by “we” I mean citizens not just in America but also in other countries now grappling with a rising China like India, Japan, the Philippines, Singapore, South Korea, and Taiwan— we as consumers are helping to finance a Chinese military buildup that may well do us and […]
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