Commentary On April 15, 2020, a full month after the President’s fateful news conference that greenlighted lockdowns to be enacted by the states for “15 Days to Flatten the Curve,” Donald Trump had a revealing White House conversation with Anthony Fauci, the head of the National Institute for Allergy and Infectious Disease who had already…
The Economic Disaster of the Pandemic Response
October 21, 2022
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COVIDfinancial crisisgovernment spendinginflationlabor participationlockdownsmandatesOpinionPandemic ResponsePublic HealthrecessionU.S. economyViewpoints
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China’s Economy Is Destined to Collapse
August 25, 2022
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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…
Recession Drum Beats Louder As Leading Economic Index Falls for 5th Month Straight
America’s recessionary drumbeat just got louder as a key economic gauge from the Conference Board dropped for the fifth month in a row, weighed down by a slowing job market, weak manufacturing new orders, and deep consumer pessimism. The Leading Economic Index (LEI) for the United States, which is a forward-looking gauge designed to predict…
America’s Recession Will Be Long and Severe; Those Who Say It’ll Be Short and Shallow Are ‘Delusional’: Roubini
Economist Nouriel Roubini has warned that there are currently only two paths for America’s economy—either uncontrolled inflation or a long and harsh recession—with his base case being a long and painful economic downturn rather than a short and shallow contraction. Roubini, who got the nickname “Dr. Doom” after predicting the market crash in 2008, told Bloomberg…
Is a Serious Financial Crisis Next?
July 12, 2022
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AnalysisBank RunBusiness & MarketsBusiness Columnistsfinancial crisisinflationlockdownsmandatesOpinionU.S. economyvaccine passports
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Commentary Be grateful for what did not happen. Two and a half years ago, governments around the world took the unprecedented step of “shutting down” their economies, which means the extreme control of people and their choices. This has proven to be devastating to prosperity, education, culture, health, and the prospects for liberty. Anyone could…
China Evergrande Ordered to Demolish 39-Building Resort
January 4, 2022
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Business & EconomyChinaChina Business & EconomyChinese real estateCompanieseconomyfinancial crisisurban planning
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BEIJING—A troubled Chinese real estate developer that is struggling with $310 billion in debt announced Tuesday it has been ordered to demolish a 39-building resort complex in a new blow to its finances. Evergrande Group gave no explanation, but news reports said the government of Danzhou, a city on the southern island province of Hainan,…
The CCP’s Arms Race With the US Will Lead to Its Collapse: Analysis
News Analysis Recently, the Chinese Communist Party (CCP) has been curbing Big Tech companies as well as entertainment celebrities, fining them or forcing them to donate towards what it calls “common prosperity.” The Chinese edition of The Epoch Times has recently invited China experts to analyze the real meaning behind the CCP’s moves, and they believe this…
The CCP’s Arms Race With the US Will Lead to Its Collapse: Analysts
News Analysis Recently, the Chinese Communist Party (CCP) has been curbing Big Tech companies as well as entertainment celebrities, fining them or forcing them to donate towards what it calls “common prosperity.” The Chinese edition of The Epoch Times has recently invited China experts to analyze the real meaning behind the CCP’s moves, and they believe this…
Dodd-Frank Architects Call for Reappointment of Fed’s Powell
September 15, 2021
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Barney FrankBusiness & EconomyChristopher DoddEconomieseconomyExecutive Branchfinancial crisisleadershipPoliticsUSUS News
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WASHINGTON—The Democratic architects of a key overhaul of U.S. financial regulation a decade ago called on President Joe Biden to reappoint Fed Chair Jerome Powell to a second term, rebuffing arguments he has been weak on regulatory issues. Former Sen. Christopher Dodd and former Rep. Barney Frank wrote in an opinion article in The Hill …
Economist Stephen Moore Predicts Financial Crisis Within Next 18 Months
SALT LAKE CITY, UT—Excessive government spending and mounting national debt will likely trigger a financial crisis in the next 18 months, economist Stephen Moore warned on July 28. “It’s a very precarious time economically for the country,” Moore told The Epoch Times during the annual meeting of the American Legislative Exchange Council (ALEC) in Salt…
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