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Tag Archives: china
Why China Will Suffer a Hard Landing
Global economies are struggling. Europe’s economy is stalling out. The Japanese economy’s shrinking at an annualized rate of 7.1 percent. But we won’t dwell on Europe or Japan at the moment. For today we set our sights on a Chinese … Continue reading
Posted in Government Debt, MN Gordon
Tagged china, detroit, hard landing, largest economy, li keqiang, property overcapacity
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Give Trains a Chance
Chinese exports and imports slipped in March. According to trade data from Beijing released Wednesday, exports declined 6.6 percent from this time last year. Moreover, imports dropped 11.3 percent. If you can believe it, China’s first quarter GDP rose just … Continue reading
Posted in MN Gordon, Politics
Tagged central planning, china, GDP, public spending, trains
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The High Point of China’s Economic Boom
Sometime in the early 1980s, goes the popular lore, Chinese leader Deng Xiaoping looked out across the vast people’s communes and pronounced, “To get rich is glorious.” Suddenly, without hesitation, the people put down their rakes, walked off the farm … Continue reading
Currency Wars and the New Age of Desperation
It must have seemed like a good idea at the time. Of course, the time is always right for government policy makers to improve upon the natural order of things. In their dim minds, the unintended consequences of their actions … Continue reading
Posted in Inflation, MN Gordon
Tagged bank of japan, bubble, business cycle, china, crash, currency, currency wars, debt, government meddling, yen
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