Commentary China’s economy is unraveling because its economic strategies are failing. Such is the way with communists. Beijing’s primary economic strategy is to revive international trade and investment ties with the West, especially Europe. The Chinese Communist Party (CCP) sees Brussels as more compliant than Washington, which is true though even the European Commission last…
Another Student Debt Scheme
Commentary After losing at the Supreme Court, President Joe Biden has floated another student debt relief scheme. Lawyers and judges will take a while to decide if this new approach passes constitutional muster, no doubt, until after the 2024 election. But while the legal gears turn—slowly as ever—the political-economic implications will emerge immediately and be…
Bankruptcies Looming in US: Money Manager
More bankruptcies may be coming for American companies. Over $100 billion of U.S. corporate debt is trading at distressed levels—something rarely seen in the last decade. Tavi Costa, portfolio manager at Crescat Capital, discusses the issues he sees looming for U.S. firms. …
ANALYSIS: Is a Real Estate Crash on the Horizon for Canada?
For decades, some economists and commentators have been predicting that the real estate “bubble” will cause house prices to crash in Canada. With the Bank of Canada now continually hiking interest rates, could the decline some have been predicting be on the horizon? While some say the various factors putting upward pressure on prices—such as…
China’s Economy is Slipping Into Deflation
Commentary China’s consumer prices are flat, while producers are hit with rising costs, and workers are facing lower wages and a tighter job market. The Chinese Communist Party (CCP) had hoped that removing COVID-19 restrictions would jump-start the economy. However, after a brief uptick during the first quarter of the year, demand for industrial and…
Global Public Debt Hits Record $92 Trillion: UN Report
LONDON—Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said. Domestic and external debt worldwide has increased more than five times in the last two decades, outstripping the rate…
Be Smart About Paying Off Debt
Dear Dave, Should I cash in my 401(k) to pay off my car? I have just enough in the account to pay off the car and free up money in my budget. —Marina Dear Marina, If I were in your shoes and I could pay off the car in 18 months or less, I’d live…
How Bidenomics Generates More Debt and Inflation
Commentary Estimates of U.S. growth have improved, but remain massively below the Federal Reserve’s projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend and debt is significantly higher. It is interesting to hear Treasury Secretary Janet Yellen say that “trickle-down economics did not work,” when in reality this…
Supreme Court’s Decision on Affirmative Action Ignites Debate Over Equality
According to the Supreme Court’s latest ruling, race is no longer a factor in college admissions. How could this decision impact students across the country, and how is President Joe Biden reacting? Worsened air quality in Washington and across much of the upper portion of the United States is leading to renewed calls for a climate…
Your Financial Life Depends on It
Dear Dave, I’ve been struggling for about a year, ever since I made a stupid new-college-graduate decision to finance a car. It’s a 2018 Jeep Compass, and I owe $21,000 on it. The trade-in value is about $11,000, so I really got stung on the sticker price and everything else. I also have $85,000 in…
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`