China

China

Who Will Win The Self-Driving Taxi Race?

While Uber is the largest ride-hailing company in the world, Lyft doesn’t seem to have an intention for going that route. Perhaps becoming the largest, or a close second, ride-hailing company in North America, would be sufficient.

Global Stocks, US Futures Slide As Tax Bill Chaos Erupts In The Senate

Markets were thrown for a loop in the past 24 hours, with the Dow first soaring nearly 400 points on Thursday on expectations that tax reform was a done deal, when drama emerged just after the close when the Senate tax bill came this close to falling apart when the proposed "Trigger" was ruled as invalid, pushing a Thursday vote to this morning, and sending global stocks sliding over concerns of its passage.

Michael Hudson: America's Monetary Imperialism

"...the conflict between creditors and democracy, between oligarchy and economic growth (and indeed, survival) will remain the defining issue of our epoch over the next generation..."

Martin Armstrong Warns: 2018 Is The Year Of Earthquakes

"Based upon our model that monitors earthquakes due to their impact on the economy (1906 quake led to the Panic of 1907 and the formation to create the Federal Reserve in 1913), the risk for a major earthquake turns up in 2018."

This Cycle: It's Not The Economy, It's China, Stupid!

"I know everything is fan-freaking-tastic - with the tax reform bill and global synchronized expansion and all. I figure the last thing you need is some nattering naysayer throwing cold water on this unbelievable party..."

Russia Plans First-Ever Sale Of Yuan Bonds

"It would be wise of Russia to tap the yuan market now. China remains Russia’s biggest trade partner, China’s enormous financial system has lots of buying potential, too."