Commentary The U.S. House of Representatives has unanimously voted to strip China of its status as a “developing country.” Even if the Senate and President Joe Biden were to go along, Washington would have no power to force the issue. That lies with the international community and, to some extent, China. Beijing will not likely…
China’s Fraying Claim to ‘Developing’ Status
April 19, 2023
admin
Business & MarketsBusiness ColumnistsChinadeveloping countryOpinionThinking About ChinaWashingtonWorld Trade Organization (WTO)
0 Comment
Prepare for Full-Blown Recession to Hit in the Summer
April 19, 2023
admin
AnalysisBusiness & MarketsBusiness Columnistshousehold incomeinflationlabor participationOpinionrecessionU.S. economy
0 Comment
Commentary My private theory is that we never really left the recession that began March 2020 with lockdowns. Real household income and labor participation still haven’t recovered. Productivity has crawled along but within the range of statistical error. No question that the U.S. economy has downshifted. Whatever pathetic growth we experience now barely registers as…
Taxpayers Will Pay for the Banking Bailout
When Silicon Valley Bank (SVB) collapsed on March 10, many were afraid the collapse would cause a bank run. The general public was scared. On the surface, it looked like a lot of innocent people were going to lose money. Ninety-four percent of SVB’s deposits were uninsured, meaning that 94 percent of SVB’s deposits were…
OPEC Cuts May Lead to a World Crisis
Commentary The world is facing a precarious moment in the oil market. The recent decision by OPEC+ to extend production cuts has raised concerns about the potential impact on the global economy. While the move may benefit oil producers in the short term, it may be a misguided action that could also have unintended consequences…
Is Washington Asleep at the Wheel Regarding the US Dollar?
Commentary The Biden administration is quickly turning into “Don Quixote” regarding the U.S. dollar. Amid a global secular shift away from the U.S. dollar (theoretical) and U.S. political influence (actual), the sentiment out of Washington is more akin to “what, me worry?” Mainstream economists in the United States insist that the U.S. dollar is irreplaceable,…
Is the Bud Light Disaster a Turning Point?
April 17, 2023
admin
Alissa Gordon HeinerscheidAnheuser BuschBud LightBusiness & MarketsBusiness ColumnistsDylan MulvaneyOpiniontransgendertransgenderismViewpointswoke
0 Comment
Commentary There’s still no word of apology from Anheuser-Busch over their despicable ad campaign for Bud Light that featured a preposterous man mimicking women and somehow achieving notoriety within woke cultural circles. This has promoted a massive boycott not only of this beer but all beers made by the company, and a real opportunity for…
Breakeven Inflation Rates Falling Isn’t Bullish
Commentary What can breakeven inflation rates tell us about oil prices, energy stocks, and market direction? It turns out it’s a lot more than you think. Since 2021, as the impact of an economic shutdown collided with $5 trillion in artificial, stimulus-driven demand, inflation has consumed everything from headlines to financial markets and the Fed’s…
Did Musk Just Mortally Wound State-Funded Media?
April 14, 2023
admin
Business & MarketsBusiness ColumnistsCompaniesElon MuskOpinionSocial IssuesSocial MediaTwitterUSUS NewsViewpoints
0 Comment
Commentary In the age of tailored internet news based on individual predilections and tastes, blogs of every specialty and complexion numbering in the thousands, and cable channels catering to whichever way one leans ideologically, taxpayer-financed media organizations have been dinosaurs for decades. The argument that has long been made for having the federal government sustain…
Recession Looms as 5 Percent CPI Provides No Relief
Commentary The rising cost of living, tightening credit, slowing consumer spending, along with declining real wages and retrenchment in the jobs market, are each conspiring and threatening to move the U.S. economy into recession later this year. Despite lower headline Consumer Price Index (CPI), inflation is still taking its toll on American families. Just released…
Is a Digital Dollar Coming?
April 14, 2023
admin
Business & MarketsBusiness Columnistscurrencydigital dollardigital yuanFedOpinionThinking About ChinaViewpoints
0 Comment
Commentary A hullabaloo over a digital dollar first emerged in 2019 when the People’s Bank of China (PBOC) launched its digital yuan. Speculation arose that unless the United States responded in kind, China’s yuan would soon surpass the dollar as the world’s premier reserve currency. The speculation was pointless. There is much more to a…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`