China’s consumer confidence declined sharply in May to 99.0 from 103.7 in April. Of course household spending in China represents only around 35% of the GDP (according to the World Bank), while the US consumer is over 70%. Nevertheless taken together with China’s manufacturing PMI, we may be seeing signs of renewed economic weakness.
Somehow a great confusion has arisen. It has divided our nation into feuding, bickering camps, caused many to view their own government as a ruthless competitor, and is now seriously threatening us with, among other things, a frightening deluge of collapsing bridges.
If you’re like most Americans, you probably think the primary purpose of the Farm Bill up for congressional authorization this year is to help farmers.
CNBC World asks Money Morning Chief Investment Strategist Keith Fitz-Gerald to weigh in on investment opportunities that may arise out of the Fed’s actions.
The United States claims a position as a world leader in many fields. And in a few of those fields, it still is. We like to think of ourselves as leaders in business, the free market, the entrepreneurial spirit. But the country is falling further and further behind in key competitive areas, giving up a lot of ground in the past 10 to 13 years.
This is the fourth installment of my exploration of the work of Roger Myerson, Nobel Laureate in economics in 2007. It is part of what will be a broader series of articles exploring why economics is unique among the sciences in awarding the Prize to scholars whose predictive work proves profoundly wrong
For years now, Anat Admati has been leading the charge for higher capital requirements for banks, especially large banks that benefit from government subsidies, first in a widely cited paper and more recently in her book with … Continue reading →
What do I make of comments from PIMCO’s Bill Gross…that he’s projecting a 60% chance of a global recession in the next three to five years?
The chart below shows a clear divergence in trends of the total loans and leases on US banks’ balance sheets and the broad money supply measure (M2). Loan balance growth is slowing, while the money supply keeps growing at a steady rate of around 7%.Sou…
http://www.engrish.com/2012/11/we-have-family-oriented-toilets/
Found in Taipei, Taiwan.