Recession, Synchronized and Desynchronized
By George Friedman Source Link Three of the world's largest economies are showing signs of a downturn. Global recessions tend to have a broad and powerful core. The recession in the 1970s was tr…
Showing posts with the label Economy
Infographic Of The Day: The World's 86 Trillion Economy Visualized In One Chart
Source Link The world's GDP still grew a healthy 6.9% in 2018, up from $80.2 trillion in 2017 to $85.8 trillion. Nearly half of this growth came from the world's two largest economies: the Un…
The U.S. Debt Crisis Is Coming Soon; To Avoid Economic Distress, The USG Has To Reduce Entitlement Spending
Source Link The title above comes from Mr. Martin Feldstein’s March 21, 2019 Op-Ed, “The Debt Crisis Is Coming Soon,” in the Wall Street Journal (WSJ). Mr. Feldstein is the former Chairman of the Cou…
Where’s The Gig Economy?
Source Link A new analysis of Bureau of Labor Statistics (BLS) and other data, Nonstandard Work Arrangements and Older Americans, 2005-2017 , published today by the Center for Economic and Policy Res…
The struggle to reform China’s economy
Source Link For the past two weeks Chinese and American negotiators have been locked in talks in Beijing and Washington to end their trade conflict before the deadline of March 1st, when America will…
The Dollar Is Still King. How (in the World) Did That Happen?
Source Link By Peter S. Goodman LONDON — A cursory assessment might find the United States a less than ideal candidate for the job of managing the planet’s ultimate form of money. Its public debt is…
America’s Public Debt: Crisis Or The Cost Of Civilization?
Source Link By Jordan J. Ballor, PhD* The annual update from the Congressional Budget Office released on Jan. 28 has once again highlighted the debate over America’s debt crisis. Despite dismissive …
Crypto-Exchange CEO dies in India, platform can’t pay investors as he had the passwords
Source Link By Karen Zraick A Canadian cryptocurrency exchange said it could not repay at least $250 million to clients after its chief executive died suddenly while visiting India. The company, Qua…
China to dominate global economy by 2050, US to fall behind India, Russia to top Europe – PwC
Source Link Over the next three decades, the global economy will be dominated by China, and the US economy will lose steam and fall behind India, says consulting firm PricewaterhouseCoopers (PwC). Ru…
Trade war games reveal dire outcomes for US, China
Source Link BY PAUL BRACKEN A key insight of game theorist Martin Shubik was that when a "tomorrow" exists, it profoundly reshapes competition. Individual moves in a game with "tomorro…
Joyless growth in China, India, and the United States
Source Link Indermit Gill During the last few weeks of 2018, I spent time in Washington, D.C., Beijing, and New Delhi, the capitals of the largest high-income, upper-middle income, and lower-middle i…