It is difficult to see the Chinese caving to the demands of the Trump government, which seem to involve a wholesale change of China’s economic model. Either some middle ground […]
Two years ago, the world economy looked downright scary, with secular stagnation ravaging much of the developed world, stagnant wages, low productivity growth and various serious crisis spots. But growth […]
While there is a sort of synchronized upturn in the world economy, this is likely to be as good as it gets. The longer-term outlook is one of diminished expectations, […]
High debt can lead to financial crisis. Since debt levels have risen in many countries, there is considerable reason for concern. However, big financial crises, while economically enormously harmful, are […]
The old China growth model based on capital formation and exports is running on empty. So China is transitioning to a model that is more based on consumer demand. While […]
Good news from US housing, but less good news out of China..
Some things you should know before investing. There are a number of real dangers lurking out there, most especially that the traditional levers of policy, monetary and fiscal policy, are […]