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Tag Archives: people’s bank of china
Getting to a Special State of Ugly
The world, circa 2019, is a fabricated reality. Debt, piled upon debt, piled upon debt, ad infinitum, has erected a financial order that’s at perilous odds with the underlying economy. Central bankers attempt to manipulate fake money and fake foreign exchange rates to keep the debt pile from cascading down. Continue reading
Posted in Inflation, MN Gordon
Tagged business cycle, central planning, currency manipulator, federal reserve, people's bank of china
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Significant Yuan Devaluation Imminent
The Department of Commerce reported last week that U.S. gross domestic product grew at a 2.1 percent annual rate during the third quarter, not the 1.5 percent rate previously stated. Apparently, private inventory investment was greater than initially estimated. Nonetheless, … Continue reading
Constructive Simplicity for China’s Communist Party Plenum
The People’s Bank of China cut benchmark interest rates by 0.25 percent on Friday. This was the sixth time they’ve lowered interest rates within a year. Bank reserve requirements were also reduced by 0.5 percent. Economic growth has gradually declined … Continue reading
The Fatal Dangers of a Fading Bull Market Run
It is too bad that mobile devices don’t set off a signal before their users do something terminally stupid. Perhaps a warning alarm would help them change course. Rather than texting and walking in front of a city bus, the … Continue reading