Commentary As China’s real estate sector woes deepen hitting developers and local budgets, policy support is coming to their aid from Beijing. The Chinese Communist Party (CCP) has mobilized its so-called “national asset managers” to support its tottering real estate developers and avert a full-on property market collapse. The asset management companies, which include China…
The Bull Market That Investors Do Not Want
Commentary In years past, when a Fed chairman stepped up to the mic to announce some policy decision, the markets always took note. Oftentimes it might have reacted in knee jerk fashion, but calmer trade usually returned pretty quickly. Not any more. The fast-moving action of this week is going to be more par for…
Retail Sales Jump by Forecast-Beating 3.8 Percent, but Experts Point to Weakness Behind Numbers
U.S. retail sales saw a strong, forecast-beating rebound in January after a sharp pullback in the prior month, although experts cautioned to not read too much into the numbers, as seasonal adjustments to the data played an outsized role. U.S. shoppers appeared to hit the stores in droves in January, with a Feb. 16 Commerce…
Lithium Wars–It’s ‘Game On’ for China and the US
Commentary The United States is well on its way to creating a lithium demand curve that may only be met by China—but only if Beijing feels like it. That’s because the United States—along with the European Union—continue to pass laws and promote the replacement of gasoline- and diesel-powered cars and trucks with electric vehicles (EV)….
China’s Economy Remains Weak
News Analysis No country welcomes economic trouble. Everyday citizens suffer, but even the nation’s leadership, though its members can avoid personal hardship, regret the loss of international influence that accompanies economic setbacks and fear that it will undermine people’s faith in the government’s competence. If anything, Beijing has extreme sensitivities on these scores. Much of…
This Is How the Progressives Will Write the History of COVID-19
Commentary It seems obvious that wherever vaccine mandates, mask mandates, and lockdowns have been imposed in response to COVID-19, progressive political and media elites have been the driving forces behind them. This is clear to those of us alive today, but it is worth considering whether future history books will attempt to erase progressives’ culpability for…
With Inflation at a 40-Year High, the Fed Is Too Afraid to Act
Commentary According to the Bureau of Labor Statistics (BLS), Consumer Price Index (CPI) inflation rose 7.5 percent in January, year over year. This was, the BLS notes, the “largest 12-month increase since the period ending February 1982.” Moreover, “The all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. The energy…
President George Washington: America’s ‘First Entrepreneur’
This year, Feb. 22 marks the 290th anniversary of President George Washington’s birth. The founding father of the nation is often remembered as a great military leader and statesman, but little is known about his business ventures and innovations. Washington was not only the first president of the United States, but he was also the country’s…
Chinese Pullback From US Real Estate May Be Permanent
Commentary A handful of years ago, you could be forgiven for thinking that the Chinese were taking over the U.S. real estate market. Reports abounded of Chinese buyers pouring tens of billions of dollars per year into American property, seeking a safe haven for their wealth by snapping up everything from luxury condos in downtown…
The Fed Readies a New Game of ‘Monetary Jenga’
Commentary For the second time of his tenure, Federal Reserve Chairman Jerome Powell is about to embark on what I have previously described as a game of “Monetary Jenga.” The first, as you may recall, occurred immediately upon Powell taking the reins at the central bank. Ironically (given what has followed, especially in just under…
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