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Tag Archives: china
Trump’s Plan to Close the Trade Deficit with China
Jack Ma is an amiable fellow. Back in 1994, while visiting the United States he decided to give that newfangled internet thing a whirl. At a moment of peak inspiration, he executed his first search engine request by typing in … Continue reading
Posted in Economy, MN Gordon
Tagged alibaba group, china, donald trump, jack ma, trade deficit
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China’s $6.6 Trillion Toxic Loan Problem
“As long as you’re green, you’re growing. As soon as you’re ripe, you start to rot,” once remarked Ray Kroc, mastermind of the McDonald’s franchise empire. At the moment, no truer words can be spoken for China’s ripe economy. The … Continue reading
Posted in Economy, MN Gordon
Tagged central planning, china, debt problem, government intervention, yuan
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The Muted Delight of the Forthcoming Recession
One week down. Fifty-one more to go. No doubt, this has been a wild start to the New Year. We expect many more to follow. For example, on Monday, Chinese investors overloaded the Shanghai Stock Exchange. An abundance of traders … Continue reading
Posted in Economy, MN Gordon
Tagged china, construction, interest rate, janet yellen, manufacturing, shanghai stock exchange, trade
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Fighting the Suck in China
Old records are being broken. New records are being notched. On Monday, for example, the People’s Bank of China reported a record liquidation of foreign exchange reserves occurred in November. Specifically, China’s foreign exchange reserves declined $87.22 billion in November … Continue reading
Posted in Government Debt, MN Gordon
Tagged china, foreign exchange, wealth exodus, yuan, yuan devaluation
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