Category: Business Columnists

China’s Economy Is Destined to Collapse

August 25, 2022
Business & MarketsBusiness ColumnistsChinaChina Business & Economydebteconomyenergyfinancial crisisinflationOpinionrecessionShadow BankingViewpoints
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Commentary I have been detailing the problems in the world economy in several of my previous posts. Now, it’s time to explain where it all began and why the situation in the global economy is so precarious. It all starts with China. As I mentioned before, in late 2016 I was baffled. The world had…

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Taxpayers on the Hook for Ruling-Class Debts

August 25, 2022
administrative stateAnalysisBusiness & MarketsBusiness Columnistsdebt cancellationemergency powersinflationnational debtOpinionrecessionstudent debttaxationtaxes
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Commentary Remember the transitional and temporary inflation that was supposed to come and go? We are now getting warnings from high up that this is the new normal. It’s a pattern with which we’ve become very familiar. Two weeks of lockdown became two years. One-hundred days of masking turned into a full year, and the…

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No, Your Crypto Isn’t FDIC Insured

August 25, 2022
Business & MarketsBusiness ColumnistscryptocurrencyFDICOpinionViewpoints
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Commentary When Canadian cryptocurrency broker and lender Voyager Digital filed for bankruptcy in July, it created some confusion across its customers about their deposits and whether they were FDIC insured. U.S. regulated bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to a certain amount. This serves as a protection for customers…

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Reshoring, Robotics, and Roller Disco

August 24, 2022
automationBusiness & MarketsBusiness ColumnistsmanufacturingOpinionreshoringroboticsThinking About ChinaViewpoints
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Commentary In the 1970s, with America’s market opening to China engineered by those peerless (not) ethicists and strategists, Richard Nixon and Henry Kissinger, China became the “world’s factory” because many of America’s own factories moved there for the cheap and compliant workforce. Now folks are starting to realize—in part due to the pandemic, evidence of…

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The New Normal of High Prices

August 24, 2022
AnalysisBusiness & MarketsBusiness ColumnistsdepressioninflationOpinionpricesrecessionU.S. economy
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Commentary Beef eaters got some good news over the last several days. Prices are starting to relax a bit for the higher-end cuts. They had become so unaffordable over the last six months that even the most devoted fans of New York strip and fancy filets switched to cheaper roasts and ground beef to satisfy…

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Exploring the US Labor Shortage and Unemployment

August 23, 2022
Business & MarketsBusiness ColumnistsBusinesses in COVID-19job marketlabor shortageOpinionThinking About ChinaunemploymentViewpoints
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Commentary Businesses across the United States report that they find it hard to find staff and that vacancies are going unfilled. Meanwhile, companies are making cuts, and unemployment is expected to rise. In 2021, more than 47 million workers quit their jobs, considerably more than the 42 million in 2019. Some of these resignations were…

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Rivers of Drought Imperil Industrial Economies

August 23, 2022
Asia & PacificBusiness & MarketsBusiness Columnistsclimate changeDroughtEconomieseconomyenergyEuropeinflationrecessionUncategorizedUSwater sources depletionWorld
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Commentary The River of Doubt, Rio da Duvida, now known as the Roosevelt River, is a tributary of the Aripuanã River, which, in turn, via the Madeira River, flows into the Amazon. It nearly killed Theodore Roosevelt after he was the first white man to explore it following his loss during the 1912 presidential election. It’s…

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Will the Arts Ever Thrive Again?

August 23, 2022
AnalysisartsBusiness & MarketsBusiness ColumnistslockdownsOpinion
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Commentary The architects of lockdowns—Anthony Fauci became the most prominent among them—exhibited a mono-maniacism that was hard to comprehend at the time and now. In real life, people organize activities around millions of concerns, from religion to arts to commerce. The lockdowns demanded that all that change in deference to a single pathogen. And that…

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Inflation Reduction Act May Heighten Inflation

August 23, 2022
Biden InflationBusiness & MarketsBusiness Columnistseconomic policiesenergyinflationInflation Reduction ActInflation Reduction Act of 2022OpinionViewpoints
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Commentary The $369 billion plan of climate and energy spending in the Inflation Reduction Act is highly likely to heighten Inflation, at least in the medium term, which goes against the original intention of the Reduced Inflation Act. President Joe Biden signed the Inflation Reduction Act on Aug. 16, 2022, which contains a $369 billion…

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Powell’s ‘Put’: Out of Money and Time

August 23, 2022
Business & MarketsBusiness ColumnistsinflationInvestmentMarketsOpinionPowellreal estaterecessionViewpoints
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Commentary Despite all the fanfare and cheerleading you hear in the MSFM, the recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very high rates of inflation, and the most hawkish global central bank tightening cycle in history. In spite…

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