U.S. debt rising from 79 percent of GDP to 123 percent of GDP, as it has since just before the beginning of the pandemic, from the end of 2019 to the present counting the now $3.5 trillion all but certain new spending bill plus unspent funds from previous bills, is a first for America. This
Mark Schiefelbein/AP Chongyi Feng, University of Technology Sydney The Chinese Communist Party (CCP) is in full swing to prepare for the 100th anniversary of its founding this week, with an intense publicity push to crow about its achievements. However, the CCP has little to celebrate in terms of what it has done for China. Its
President Trump met with Serbian President Aleksandar Vučić and Kosovan Prime Minister Avdullah Hoti at the White House on Friday, where the leaders announced a historic commitment to economic normalization between Serbia and Kosovo. “By focusing on job creation and economic growth, the two countries were able to reach a major breakthrough—something that nobody thought was
It was difficult to celebrate America in Saginaw this year. The deadly coronavirus had torn through the county. Unemployment had surged five-fold. Weeks of protest over racial inequality left many debating what should be hallowed and what must be changed. The July Fourth fireworks display was canceled, since there was no venue that felt safe
The S&P 500 is up ~50% since its March low, and back near its all-time high. The mind-blowing rally is taking place as the economy saw its worst quarterly GDP contraction in 70+ years. WTF is going on? A popular (but unsatisfactory) answer is: “the Fed is pumping the markets.” For a more thorough explanation,
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